FACACLASSIC

Note: An Annual Comprehensive Review, as required by §7 of the Federal Advisory Committee Act, is conducted each year on committee data entered for the previous fiscal year (referred to as the reporting year). The data for the reporting year is not considered verified until this review is complete and the data is moved to history for an agency/department. See the Data From Previous Years section at the bottom of this page for the committee’s historical, verified data.

Details on agency responses to committee recommendations can be found under the Performance Measures section for each committee in the fields “Agency Feedback” and “Agency Feedback Comment.”

TRES - 2094 - Community Development Advisory Board - Statutory (Congress Created)

GENERAL INFORMATION

Committee Name	Community Development Advisory Board	Agency Name	Department of the Treasury
Fiscal Year	2025	Committee Number	2094
Original Establishment Date	9/23/1994	Committee Status	Chartered
Actual Termination Date		Committee URL	https://www.cdfifund.gov/about/Pages/advisory-b...
Actual Merged Date		Presidential Appointments*	Yes
New Committee This FY	No	Max Number of Members*	15
Terminated This FY	No	Designated Fed Officer Position Title*	Senior Advisor, Office of Legislative and External Affairs, CDFI Fund, U.S. Department of the Treasury
Merged This FY		Designated Federal Officer Prefix	Mr.
Current Charter Date	4/5/2024	Designated Federal Officer First Name*	William
Date Of Renewal Charter	4/5/2026	Designated Federal Officer Middle Name	B.
Projected Termination Date		Designated Federal Officer Last Name*	Luecht
Exempt From Renewal*	No	Designated Federal Officer Suffix	Jr.
Specific Termination Authority	12 U.S.C. 4703(d)	Designated Federal Officer Phone*	(202) 653-0322
Establishment Authority*	Statutory (Congress Created)	Designated Federal Officer Fax*	202-508-0046
Specific Establishment Authority*	12 U.S.C. 4703(d)	Designated Federal Officer Email*	luechtw@cdfi.treas.gov
Effective Date Of Authority*	9/23/1994
Exempt From EO 13875 Discretionary Cmte	Not Applicable
Committee Type*	Continuing
Presidential*	No
Committee Function*	Non Scientific Program Advisory Board

RECOMMENDATION/JUSTIFICATIONS

Agency Recommendation*	Continue
Legislation to Terminate Required	Not Applicable
Legislation Status	Not 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 Remarks	Not Applicable

PERFORMANCE MEASURES

Outcome Improvement To Health Or Safety*	No	Action Reorganize Priorities*	No
Outcome Trust In Government	No	Action Reallocate Resources	No
Outcome Major Policy Changes	No	Action Issued New Regulations	No
Outcome Advance In Scientific Research	No	Action Proposed Legislation	No
Outcome Effective Grant Making	Yes	Action Approved Grants Or Other Payments	No
Outcome Improved Service Delivery	Yes	Action Other	No
Outcome Increased Customer Satisfaction	Yes	Action Comment	Not Applicable
Outcome Implement Laws/Reg Requirements	Yes	Grants Review*	No
Outcome Other	No	Number Of Grants Reviewed	0
Outcome Comment	Not Applicable	Number Of Grants Recommended	0
Cost Savings*	Unable to Determine	Dollar Value Of Grants Recommended	$0.00
Cost Savings Comment	The 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 Comment	Not Applicable
Number Of Recommendations*	16	Access Contact Designated Fed. Officer*	Yes
Number Of Recommendations Comment	The Community Development Advisory Board periodically creates Subcommittees to present information to the full board so that the full board could then advise the Director of the CDFI Fund on policy and program recommendations. In fiscal year (FY) 2009 a Subcommittee was created 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 FY 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. At its August 2018 meeting, the Community Development Advisory Board created two Subcommittees – one Subcommittee to review and comment on changes proposed by the CDFI Fund to modernize its CDFI Certification policies and reporting requirements, and a second Subcommittee to examine how the CDFI Fund might optimize its results in Persistent Poverty Counties (PPCs). Both Subcommittees conducted meetings out of which recommendations were developed. At its August 27, 2020 meeting the chairs of these two Subcommittee presented their recommendations to the full board which approved it and presented to the CDFI Fund Director.	Access Agency Website	Yes
% of Recs Fully Implemented*	85.00%	Access Committee Website	Yes
% of Recs Fully Implemented Comment	The 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 Website	Yes
% of Recs Partially Implemented*	15.00%	Access Publications	No
% of Recs Partially Implemented Comment	The 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 Other	No
Agency Feedback*	Yes	Access Comment	Not Applicable
Agency Feedback Comment*	The 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.

COSTS

1. Payments to Non-Federal Members*		1. Est Paymnts to Non-Fed Membrs Nxt FY*
2. Payments to Federal Members*		2. Est. Payments to Fed Members Next FY*
3. Payments to Federal Staff*		3. Estimated Payments to Federal Staff*
4. Payments to Consultants*		4. Est. Payments to Consultants Next FY*
5. Travel Reimb. For Non-Federal Membrs*		5. Est Travel Reimb Non-Fed Membr nxtFY*
6. Travel Reimb. For Federal Members*		6. Est Travel Reimb For Fed Members*
7. Travel Reimb. For Federal Staff*		7. Est. Travel Reimb to Fed Staf Nxt FY*
8. Travel Reimb. For Consultants*		8. Est Travel Reimb to Consltnts Nxt FY*
10. Other Costs		10. Est. Other Costs Next FY*
11. Total Costs	$0.00	11. Est. Total Next FY*	$0.00
Date Cost Last Modified	2/13/2025 12:51 PM	Est. Fed Staff Support Next FY*
Federal Staff Support (FTE)*		Est Cost Remarks
Cost Remarks

Interest Areas

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