National Community Development Training

This year's National Community Development Lending School (NCDLS) will be held at Washington University in St. Louis, July 16-20.

The NCDLS focuses on how to attract and underwrite community development business that is consistently profitable. The five-day curriculum is based on the key issues and current industry trends relevant to community development lending in today's business environment. The five core areas of study are: single-family housing, multi-family housing, small business development, commercial real estate and community facilities lending.

Training stresses the day-to-day mechanics of underwriting community development loans and ensuring their long-term profitability.

Attendees will be limited to the first 60 community development lenders who possess a minimum of one year and a maximum of five years of community development experience.

An advisory committee, comprised of experts in their field, has been developed to create the curriculum for this innovative school and serve as its faculty. These experts include: Thomas Fitzgibbon, president and CEO of Manufacturers Community Development Corporation in Chicago; Karen Kollias, mid-Atlantic district director of Neighborhood Reinvestment Corporation in Baltimore; Jeff Nugent, senior vice president at the Development Training Institute in Baltimore; Preston Pinkett, senior vice president at PNC Bank in East Brunswick, N.J.; Phyllis Rosenblum, senior vice president at HSBC Bank USA in New York; and Doug Woodruff, senior vice president, Bank of America in Charlotte.

For additional information, contact Fred Mendez at the Federal Reserve Bank of San Francisco at (415) 974-2722.

Out for Comment

The Board of Governors of the Federal Reserve System is requesting public comment on a proposed rule implementing Section 711, CRA Sunshine Requirements, of the recently enacted Gramm-Leach-Bliley Act, until July 21.