President and CEO, Community Reinvestment Fund, USA

Frank Altman is President and CEO of Community Reinvestment Fund, USA. Altman pioneered the development of a secondary market for community and economic development loans when he established the company with a former co-partner. Under Altman’s leadership, CRF has grown from a small Minneapolis firm to a national organization serving community-based lenders around the country. CRF has provided $400 million to 113 lending partners located in 25 states and Washington DC.

Created in 1988, CRF is a socially-responsible, mission driven organization. It has injected hundreds of millions of dollars into low-income and economically disadvantaged communities around the country to help stimulate job creation and economic development, provide affordable housing and support community facilities

Altman was recently elected Chairman of the New Markets Tax Credit Coalition. He was a founding member of the organization established to initiate the creation of a federal tax credit to encourage private investment in community development.

Prior to founding CRF, he served as Assistant Commissioner for Financial Management at the Minnesota Department of Energy and Economic Development, where he administered several loan programs designed to create jobs in energy-related industries, to promote energy conservation in public and private buildings, and to finance manufacturing facilities in small communities. He has also served as manager of energy conservation and residential financing programs at the Minnesota Energy Agency.

Frank Altman was recently recognized by Inc. magazine as being among the leading entrepreneurs of 2004.

Altman is actively involved in the following organizations:

· New Markets Tax Credit Coalition, Chairman

· Center for Community Development Securities of the Federal Reserve Bank of

San Francisco, Member

· Financial Innovations Roundtable of the University of Southern New Hampshire, Member

· California Association for Local Economic Development, Board Member

· Franklin National Bank, Board Member

· Minnesota Housing Partnership (a statewide housing advocacy and capacity-building organization), Treasurer

· College of Visual Arts, Board Chair

Education:

· Masters Degree, Public Affairs, Humphrey Institute University of Minnesota

· Bachelor of Arts Degree, Brown University