An executive with the Washington Area Community Investment Fund (Wacif) has been appointed by President Joe Biden to serve on a board that advises the Community Development Financial Institutions Fund director on the organization’s policies.
Wacif CEO Harold Pettigrew Jr. was selected to the Department of the Treasury’s CDFI Fund Advisory Board, which consists of 24 members representing the departments of Agriculture, Commerce, Housing and Urban Development, Interior, Treasury, as well as the Small Business Administration and nine private citizens.
“It is truly an honor to accept this appointment and serve as a member of the Community Development Advisory Board,” Pettigrew said Thursday in a statement. “I am thrilled to join such profound company to provide insights that can help impact the industry, and more importantly, the communities we serve.”
The CDFI Fund promotes equal access to economic opportunity, investment capital, and financial services to underserved communities by building the capacity of and investing in community development boards.
Members of the advisory board support the CDFI Fund director with guidance and recommendations on policies regarding the Fund’s program activities.
The advisory board, however, does not advise the Fund to approve or decline any application for monetary or non-monetary awards.