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The Changing Economy: The New Community Development Lending Environment

June 10, 2009 Federal Reserve Bank Dallas, Houston Branch

Sponsored by:
Federal Reserve Bank of Dallas, Texas Mezzanine Fund, Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency

The region's financial institutions and their community development partners are looking for ways to manage and mitigate risk in the rapidly changing economic environment. This event helped identify ways to maintain community development lending with new resources, grants, credit enhancements and best practices.

All financial institutions and their CDFI and CDC partners were encouraged to attend. The conference not only focused on the current economic challenges but also helped stakeholders be more responsive to increased community development needs.

Fast Facts


  • When
    June 10, 2009
    9 a.m.–3:30 p.m.

  • Where
    Federal Reserve Bank of Dallas, Houston Branch
    1801 Allen Parkway
    Houston, TX 77019

Speaker Bios



8:00 a.m. Registration and Continental Breakfast
9:00 a.m. Welcome
  Donald Bowers
Assistant Vice President
Federal Reserve Bank of Dallas, Houston Branch
9:10 a.m. Economic and Banking Update

Nancy Wentzler
Deputy Comptroller, Global Banking and Financial Analysis
Office of the Comptroller of the Currency

9:30 a.m.

The New Mortgage Lending Environment
Restoring confidence in the secondary market is key to strengthening the affordable housing arena. Fannie Mae and Freddie Mac officials will discuss their evolving efforts to promote a stable mortgage market. A Federal Home Loan Bank representative will share financing resources for economic development and affordable housing initiatives.

  • David R. Lewis
    District Community Affairs Officer, Southwestern District
    Office of the Comptroller of the Currency
10:40 a.m. Break

10:50 a.m.

New Opportunities in the Federal Stimulus Program
The American Recovery and Reinvestment Act and the Neighborhood Stabilization Program are just two new funding opportunities for economic recovery. Acquire the latest updates from the U.S. Department of Housing and Urban Development, U.S. Small Business Administration and the Texas Department of Housing and Community Affairs on the federal stimulus bills.
  • Alfreda Norman
    Assistant Vice President and Community Affairs Officer
    Federal Reserve Bank of Dallas
  • C. Donald Babers
    Deputy Regional Director, Region VI
    U.S. Department of Housing and Urban Development
  • New Funding Opportunities at TDHCA Stimulus and Beyond
    Brooke Boston

    Deputy Executive Director for Community-Based Programs and Recovery Act Accountability and Oversight
    Texas Department of Housing and Community Affairs
  • SBA 2009 Recovery Act
    Dorothy A. Overal
    District Director and Acting Regional Director
    U.S. Small Business Administration

Luncheon and Keynote Address
Donna J. Gambrell
Director, Community Development Financial Institutions Fund
U.S. Department of the Treasury

1:20 p.m.

Community Economic Development Models of Success
A wide variety of best practices exists across the community development finance arena, even during economic declines. Learn more about successful collaborative strategies between community development financial institutions and their lending partners.

  • Victor J. Elmore
    President and CEO
    Texas Mezzanine Fund
2:30 p.m. Break
2:40 p.m.

Regulatory Concerns in the Changing Economy
The economic crisis has unveiled the vulnerabilities of the nation's regulatory and financial systems. Many laws and regulations—including the Community Reinvestment Act—are under review as officials question how effective these laws are and can be in making the system stronger and more inclusive. Panelists from a federal regulatory agency, a financial institution and a local community development corporation will interact with the audience on the merits and challenges of financial reforms.

  • T. Aaron Satterthwaite
    Community Affairs Liaison
    Office of Thrift Supervision
3:40 p.m. Closing Remarks
3:45 p.m. Adjourn