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Committee Detail

Hide Section - GENERAL INFORMATION

GENERAL INFORMATION

Committee NameCommunity Development Advisory BoardAgency NameDepartment of the Treasury
Fiscal Year2019Committee Number2094
Original Establishment Date9/23/1994Committee StatusChartered
Actual Termination Date Committee URLhttps://www.cdfifund.gov/about/Pages/advisory-b...
New Committee This FYNoPresidential Appointments*Yes
Terminated This FYNoMax Number of Members*15
Current Charter Date2/2/2018Designated Fed Officer Position Title*Senior Advisor, Office of Legislative and External Affairs, CDFI Fund, U.S. Department of the Treasury
Date Of Renewal Charter2/2/2020Designated Federal Officer PrefixMr.
Projected Termination Date Designated Federal Officer First Name*William
Exempt From Renewal*NoDesignated Federal Officer Middle NameB.
Specific Termination Authority12 U.S.C. 4703(d)Designated Federal Officer Last Name*Luecht
Establishment Authority*Statutory (Congress Created)Designated Federal Officer SuffixJr.
Specific Establishment Authority*12 U.S.C. 4703(d)Designated Federal Officer Phone*(202) 653-0322
Effective Date Of Authority*9/23/1994Designated Federal Officer Fax*202-508-0046
Exempt From EO 13875 Discretionary CmteNot ApplicableDesignated Federal Officer Email*luechtw@cdfi.treas.gov
Committee Type*Continuing
Presidential*No
Committee Function*Non Scientific Program Advisory Board
Hide Section - RECOMMENDATION/JUSTIFICATIONS

RECOMMENDATION/JUSTIFICATIONS

Agency Recommendation*Continue
Legislation to Terminate RequiredNot Applicable
Legislation StatusNot Applicable
How does cmte accomplish its purpose?*The purpose of the Community Development Advisory Board is to advise the Director of the Community Development Financial Institutions Fund (CDFI Fund) on its policies, activities and programs. This purpose is primarily accomplished through open meetings were the CDFI Fund informs the Advisory Board of its recent activities and accomplishments as well as presents pending matters regarding which Advisory Board members have expertise and interest. Through this informed dialogue, the Advisory Board provides the CDFI Fund with valued input and feedback for the CDFI Fund to consider as it moves forward.
How is membership balanced?*Membership of the Community Development Advisory Board is defined by statute. The 15 member Advisory Board is composed of public representatives and private citizens; specifically, the Secretary/Administrator, or his or her designee, from the following Department/Agencies: Agriculture, Commerce, Housing and Urban Development; Interior; Treasury; and the Small Business Administration. In addition, nine private citizens appointed by the President/White House including: two individuals who are officers of existing community development financial institutions; two individuals who are officers of insured depository institutions; two individuals who are officers of national consumer or public interest organizations; two individuals who have expertise in community development; and One individual who has personal experience and specialized expertise in the unique lending and community development issues confronted by Indian tribes on Indian reservations.
How frequent & relevant are cmte mtgs?*Per its authorizing statute, the Community Development Advisory Board must meet at least annually. These meetings are very relevant in that they provide a forum for the Advisory Board to accomplish its purpose - to advise the Director of the CDFI Fund on its policies, activities and programs. The members of the Advisory Board are instrumental in providing advice and guidance to the Director of the CDFI Fund regarding enhancements and refinements to the CDFI Fund's policies, activities and programs.
Why advice can't be obtained elsewhere?*The Community Development Advisory Board provides a unique opportunity to gather private citizens and representatives of public agencies to share their insight and expertise regarding issues facing the community development finance field and, in particular, the design, operation and management of the roles, policies, programs and activities of the CDFI Fund. Thus, the Advisory Board brings together a wealth of perspective, expertise and experience. The input and feedback of the Advisory Board has been valuable to the CDFI Fund in the implementation of its programs and in understanding the effect of its policies and activities on its constituents, within the field of community development finance, and most importantly on the people and distressed communities it serves.
Why close or partially close meetings?Not Applicable
Recommendation RemarksNot Applicable
Hide Section - PERFORMANCE MEASURES

PERFORMANCE MEASURES

Outcome Improvement To Health Or Safety*NoAction Reorganize Priorities*Yes
Outcome Trust In GovernmentNoAction Reallocate ResourcesYes
Outcome Major Policy ChangesNoAction Issued New RegulationsNo
Outcome Advance In Scientific ResearchNoAction Proposed LegislationNo
Outcome Effective Grant MakingYesAction Approved Grants Or Other PaymentsNo
Outcome Improved Service DeliveryYesAction OtherNo
Outcome Increased Customer SatisfactionYesAction CommentNot Applicable
Outcome Implement Laws/Reg RequirementsYesGrants Review*No
Outcome OtherNoNumber Of Grants Reviewed0
Outcome CommentNot ApplicableNumber Of Grants Recommended0
Cost Savings*Unable to DetermineDollar Value Of Grants Recommended$0.00
Cost Savings CommentThe recommendations and advice provided by the Advisory Board to the CDFI Fund have been highly beneficial but to quantify that through cost savings has been extremely challenging. This is due to the fact that the majority of the recommendations translate to complex efforts that span multiple fiscal years.Grants Review CommentNot Applicable
Number Of Recommendations*8Access Contact Designated Fed. Officer*Yes
Number Of Recommendations CommentThe Community Development Advisory Board created a Subcommittee in fiscal year 2009 to present information to the full board so that the full board could then advise the CDFI Fund on policy and program recommendations related to the impact of the global financial crisis on the institutions that the CDFI Fund supports (e.g., CDFIs, CDEs and BEA-eligible financial institutions) and the communities they serve. The Subcommittee produced seven (7) recommendations that the full board approved and presented to the CDFI Fund Director. In fiscal year 2015, the Community Development Advisory Board created two Subcommittees - a Strategy Subcommittee and a Native Subcommittee. The Strategy Subcommittee conducted conference calls largely focused on process and utilized the open meetings of the full board to conduct substantive work. The Native Subcommittee was created to develop an Engagement Plan for the Access to Capital and Credit in Native Communities Report that was released in May 2016. On January 30, 2017, the Native Subcommittee presented the Engagement Plan to the full board which approved it and presented to the CDFI Fund Director.Access Agency WebsiteYes
% of Recs Fully Implemented*95.00%Access Committee WebsiteYes
% of Recs Fully Implemented CommentThe CDFI Fund continues to actively work on all of the recommendations made by the Community Development Advisory Board. It should be noted that some of the recommendations will cross several fiscal years before being completed and involve other agencies or other offices within Treasury.Access GSA FACA WebsiteYes
% of Recs Partially Implemented*5.00%Access PublicationsNo
% of Recs Partially Implemented CommentThe CDFI Fund continues to actively work on all of the recommendations made by the Community Development Advisory Board. It should be noted that some of the recommendations will cross several fiscal years before being completed and involve other agencies or offices within Treasury.Access OtherNo
Agency Feedback*YesAccess CommentNot Applicable
Agency Feedback CommentThe CDFI Fund provides feedback directly to the board members at each meeting of the Community Development Advisory Board. In addition, the CDFI Fund sends various other communications to its constituents, including its board members, keeping them informed of the activities of the CDFI Fund throughout the fiscal year. These communications include, but are not limited to, e-mailed updates, press releases, etc.Narrative Description*The Community Development Advisory Board supports the CDFI Fund's mission and strategic plan by providing advice to the Director of the CDFI Fund regarding its policies, activities and programs. The Community Development Advisory Board provides a unique opportunity to gather private citizens and representatives of public agencies to share their insight and expertise regarding issues facing the community development finance field and, in particular, the design, operation and management of the roles, policies, programs and activities of the CDFI Fund. Thus, the Advisory Board brings together a wealth of perspective, expertise and experience. The input and feedback of the Advisory Board has been valuable to the CDFI Fund in the implementation of its programs and in understanding the effect of its policies and activities on its constituents, in the field of community development finance, and most importantly on the people and distressed communities it serves.
Hide Section - COSTS

COSTS

Payments to Non-Federal Members* Est Payments to Non-Fed Members Next FY* 
Payments to Federal Members*$4,247.22Est. Payments to Fed Members Next FY*$5,000.00
Payments to Federal Staff*$34,457.00Estimated Payments to Federal Staff*$37,000.00
Payments to Consultants* Est. Payments to Consultants Next FY* 
Travel Reimb. For Non-Federal Members*$6,309.77Est Travel Reimb Non-Fed Members nextFY*$15,000.00
Travel Reimb. For Federal Members* Est Travel Reimb For Fed Members* 
Travel Reimb. For Federal Staff* Est. Travel Reimb to Fed Staff Next FY* 
Travel Reimb. For Consultants* Est Travel Reimb to Consultants Next FY* 
Other Costs$8,480.82Est. Other Costs Next FY*$15,000.00
Total Costs$53,494.81Est. Total Next FY*$72,000.00
Federal Staff Support (FTE)*0.20Est. Fed Staff Support Next FY*0.20
Hide Section - Custom Links

Custom Links

     Committee Level Reports               
Hide Section - MEMBERS,MEETINGS AND ADVISORY REPORTS

MEMBERS,MEETINGS AND ADVISORY REPORTS

To View all the members, meetings and advisory reports for this committee please click here
Hide Section - CHARTERS AND RELATED DOCS

CHARTERS AND RELATED DOCS

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Hide Section - DATA FROM PREVIOUS YEARS

DATA FROM PREVIOUS YEARS

Committee

Data from Previous Years

 
ActionCommittee System IDCommittee NameFiscal Year
 COM-032567Community Development Advisory Board2018
 COM-002139Community Development Advisory Board2017
 COM-002168Community Development Advisory Board2016
 COM-004192Community Development Advisory Board2015
 COM-004288Community Development Advisory Board2014
 COM-006349Community Development Advisory Board2013
 COM-006467Community Development Advisory Board2012
 COM-008450Community Development Advisory Board2011
 COM-008587Community Development Advisory Board2010
 COM-010488Community Development Advisory Board2009
 COM-011393Community Development Advisory Board2008
 COM-012372Community Development Advisory Board2007
 COM-012399Community Development Advisory Board2006
 COM-013833Community Development Advisory Board2005
 COM-014288Community Development Advisory Board2004
 COM-016177Community Development Advisory Board2003
 COM-016251Community Development Advisory Board2002
 COM-018166Community Development Advisory Board2001
 COM-018387Community Development Advisory Board2000
 COM-020061Community Development Advisory Board1999
 COM-020114Community Development Advisory Board1998
 COM-021900Community Development Advisory Board1997