The White House has announced the appointment of MoFi President Dave Glaser and eight other people to the Community Development Advisory Board by President Joe Biden. The board advises the Director of the Community Development Financial Institutions (CDFI) Fund, a division of the U.S. Department of the Treasury. The CDFI Fund’s mission is to expand economic opportunity for underserved people and communities by supporting the growth of community development lenders, investors and financial service providers. MoFi is a nonprofit Community Development Financial Institution operating across Montana, Idaho, Wyoming, Utah, Eastern Washington and Eastern Oregon.
“At MoFi, we believe that responsible, flexible capital can have a transformative impact, helping individuals and businesses outside the financial mainstream gain self-sufficiency, build wealth and improve the livelihoods of their families and communities,” said Glaser. “As we come out of the COVID-19 pandemic, there’s more work to be done, and as a member of the Board I’m incredibly honored to help guide the efforts of the CDFI Fund to create opportunities where they are needed most across the country.”
MoFi provides loans to individuals, businesses and communities that are just outside the financial mainstream, believing that access to responsible, flexible capital is fundamental. Glaser has worked for the organization since 2007 and lives with his family in Missoula. Glaser is also a member of the U.S. Bank Community Advisory Committee, the Columbia Bank Community Advisory Panel and the Mission Lender Working Group Steering Committee, and previously served on the board of the Opportunity Finance Network. He holds a Master of Science from the University of Montana and a Bachelor of Arts from the University of Colorado.
The Community Development Advisory Board consists of 15 members, including the Secretary of the Departments of Agriculture, Commerce, Housing and Urban Development, Interior and Treasury and the Administrator of the Small Business Administration, or his or her designee.
Nine private citizens are appointed to the Board by the President, and are selected to provide representation from across the country and racial, ethnic, and gender diversity. They include two officers of existing Community Development Financial Institutions; two officers of insured depository institutions; two officers of national consumer or public interest organizations; two people who have expertise in community development; and one person who has experience and specialized expertise in the unique lending and community development issues confronted by Indian tribes on Indian reservations.
The Chair of the Board is elected by the nine private citizens.
MoFi is a nonprofit Community Development Financial Institution that provides loans to individuals, businesses and communities across Montana, Idaho, Wyoming, Utah, Eastern Washington and Eastern Oregon. MoFi believes that equal access to responsible, flexible capital is fundamental to creating individual stability, business success and community prosperity. MoFi has supported thousands of businesses that could not access a loan at a bank or credit union. Once a business is “bankable,” MoFi helps connect it back to a bank relationship. Learn more at http://www.mofi.org.
CONTACTS: Dave Glaser, President, MoFi, 406-532-5711