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33 » VISIT US ONLINE @ DSNEWS.COM TREASURY WELCOMES NEW DIRECTOR FOR COMMUNITY DEVELOPMENT FUND e U.S. Department of Treasury announced that Annie Donovan has joined the department as the new director of the Community Development Financial Institutions (CDFI) Fund. As director of the CDFI Fund for Treasury, Donovan will oversee the expansion of access to capital in such critically underserved areas as urban, rural, and tribal communities, where a lack of access to financial services and private sector capital is one of the biggest obstacles to economic growth and development. "e CDFI Fund has supported small businesses, developed affordable housing, and created jobs in communities across the country for the past 20 years," said Sarah Bloom Raskin, Deputy Treasury Secretary. "With her expert understanding of the intersection of finance and community development, I look forward to Annie's leadership in enhancing economic development in communities that need it most." e CDFI fund, which celebrates 20 years of existence in 2014, administers a number of programs to help attract private sector investors to communities that otherwise would not have access to those finances or do not have access to mainstream financial institutions. e CDFI Fund's programs provide grants, loans, tax credit authority, and bond guarantees to organizations that focus on community development. Communities leverage CDFI's resources to develop and finance vital community services, affordable housing units, workforce training facilities, and jobs in rural and urban areas, as well as commercial and real estate development, support for new businesses, and growth of existing businesses, according to Treasury's website. Immediately prior to joining Treasury, Donovan served as CEO for CoopMetrics, where she led that firm's mission to provide high- quality, affordable business intelligence tools to small businesses and non-profits. In her career, Donovan has been a senior policy advisor at the White House where she worked with the Office of Social Innovation and the Council on Environmental Quality. Donovan has served as COO for the Community Development Financial Institution Capital Impact Partners, which focused on education, healthcare, long term care, and affordable homeownership finance. She has been a board member for many community development finance sector organizations and has published many papers and articles for such entities as Forbes, National Academy for Public Administration, Skoll World Forum on Social Entrepreneurship, and the Federal Reserve Banks of San Francisco and Boston. She has an MBA in finance from the University of Maryland and an undergraduate degree from Allegheny College. Worried about compliance requirements? Experiencing fluctuating workflow volume? Audit & Compliance Consulting Business Process OutSOURCE Business Process OutSOURCE • Audit and Compliance Consulting Flexible Workforce Staffing • Human Resource Outsource and Benefits Consulting Electronic Filing • Business Process Improvement Consulting Please contact Harrison Tropp by phone at: (o) 813.397.1463, or (c) 813.966.8144; or by emailing HTropp@firmsolutions.us to learn more. | www.firmsolutions.us The number of foreclosure filings (notices of default, scheduled auc- tions, and bank repossessions) in the U.S. in November 2014, an average of one for every 1,170 residential properties. Source: RealtyTrac STAT INSIGHT 112,498