Philadelphia, October 25, 2018—The Federal Reserve Board announced today that Reinvestment Fund CEO, Don Hinkle-Brown, will serve as Vice Chair of its Community Advisory Council (CAC), beginning in 2019. Mr. Hinkle-Brown began his three-year term on the CAC in 2018.
“I am pleased that the Governors of the Federal Reserve will have the opportunity to hear and learn from expert practitioners such as Don Hinkle-Brown as I have through my work with Reinvestment Fund,” said Mark Zandi, Chief Economist at Moody’s Analytics and Chairman of Reinvestment Fund’s Board of Directors. “A vanguard in community development financing and research, Reinvestment Fund has tremendous expertise and experience to share.”
The CAC is composed of a diverse group of experts and representatives of consumer, workforce, and community development organizations and interests, including from such fields as affordable housing, economic development, labor, small business, and asset and wealth building. CAC members provide information, advice, and recommendations to the Board on relevant policy matters and emerging issues of interest.
The CAC was formed by the Federal Reserve Board in 2015 to offer diverse perspectives on the economic circumstances and financial services needs of consumers and communities, with a particular focus on the concerns of low- and moderate-income populations. The CAC complements two of the Board’s other advisory councils–the Federal Advisory Council and the Community Depository Institutions Advisory Council–whose members represent depository institutions. The CAC meets semiannually with members of the Board of Governors in Washington, D.C. Andrea Levere of Prosperity Now is the incoming Chair of the 15-member CAC.
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About Reinvestment Fund
Reinvestment Fund is a catalyst for change in low-income communities. We integrate data, policy and strategic investments to improve the quality of life in low-income neighborhoods. Using analytical and financial tools, we bring high-quality grocery stores, affordable housing, schools and health centers to the communities that need better access—creating anchors that attract investment over the long term and help families lead healthier, more productive lives. Learn more at www.reinvestment.com.