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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

In Partnership with:
Office of Thrift Supervision, Federal Home Loan Bank of Dallas and Texas Association of Community Development Corporations

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

Location

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

Resources

Agenda

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.
		Moderator: David R. Lewis District Community Affairs Officer, Southwestern District Office of the Comptroller of the Currency Panelists: Making Home Affordable: New Challenges, New Tools Todd L. Hempstead Senior Vice President, Single-Family Mortgage Business—Western Region Fannie Mae Update on the Single-Family Credit Guarantee Business Rick Padilla Director, Corporate Relations and Housing Outreach Freddie Mac Affordable Housing Program Overview Gregory J. Hettrick Director, Community Investment Federal Home Loan Bank of Dallas
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.
		Moderator: Alfreda Norman Assistant Vice President and Community Affairs Officer Federal Reserve Bank of Dallas Panelists: C. Donald Babers Deputy Regional Director, Region VI U.S. Department of Housing and Urban Development New Funding Opportunities at TDHCA â€“ 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
Noon		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.
		Moderator: Victor J. Elmore President and CEO Texas Mezzanine Fund Panelists: TMF: The Proven Model for Texas Business and Community Development Theresa Acosta Lee Chief Lending Officer and Vice President Texas Mezzanine Fund Rhonda L. Lewis Small Business Administration Lending Manager Wells Fargo Bank Lending. Supporting. Inspiring. Gustavo Lasala Chief Financial Officer ACCION Texas Microenterprise: Is It a Business Opportunity? Steve LaFredo Senior Marketplace Director Citibank
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.
		Moderator: T. Aaron Satterthwaite Community Affairs Liaison Office of Thrift Supervision Panelists: Community Development Finance and Banking... Adapting to Change John Yochum Senior Vice President and Director, Community Development Finance Capital One Bank CRA in the Changing Economic Environment Jenita Reon National Bank Examiner Office of the Comptroller of the Currency Regulatory Concerns in the Changing Environment Kathy Flanagan Payton President and CEO Fifth Ward Community Redevelopment Corporation
3:40 p.m.		Closing Remarks
3:45 p.m.		Adjourn

More information

Soraya Anderson
2200 N. Pearl St.
Dallas, TX 75201
214-922-5377 or 1-800-333-4460 ext. 5377
soraya.anderson@dal.frb.org

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