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In recognition of her steadfast leadership of the U.S.
Department of Treasury’s Community Development Financial Institutions (CDFI)
Fund, and exemplary accomplishment delivering capital to the front lines of
community economic development, Woodstock Institute presented its Annual
Community Reinvestment Award to the Fund’s director, Donna Gambrell at an event
on April 2, 2009.
The event welcomed over 130 representatives of
non-profits, bankers, regulators, journalists, and community stakeholders to
the Federal Reserve Bank of Chicago. Ms. Gambrell, in her keynote address,
recognized the importance of Chicago’s
reinvestment community, and pointed to the region’s strong CDFIs as proof of
its continued effectiveness in transforming low-wealth communities, even during
times of economic turmoil.
Woodstock
also presented awards to Bank of America’s senior vice president Robert
Grossinger and Partners in Community Building, Inc.’s executive director Bobbi
Ball for their exemplary leadership in the field of community reinvestment and
for their steadfast commitment to increasing fair credit options in low-wealth
communities.
Since 1990, Woodstock Institute has hosted the Community
Reinvestment Awards honoring policymakers, community organizations and
financial institutions that have made outstanding contributions to community
reinvestment. The event is the largest gathering of community reinvestment
professionals in the Midwest, and regularly attracts over 200 representatives
of Chicago
community-based organizations, advocacy groups, financial institutions, and
banking regulators.
Recent past recipients include: Chairman Sheila Bair
of the Federal Deposit Insurance Corporation, Citizen Action/Illinois,
Neighborhood Housing Services, the Office of the Comptroller of the Currency,
and Shorebank.
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