Brian Maddox, Director of Nevada Operations for Clearinghouse Community Development Financial Institution (Clearinghouse CDFI), is a candidate for the board of governors for the Opportunity Finance Network (http://ofn.org), a national trade organization for CDFI members. He is one of seven candidates competing for two seats on the board; OFN members will vote for their candidates of choice at the 2014 OFN Conference in Denver, CO on October 16.
“Becoming a member of the Opportunity Finance Network Board is an ideal opportunity to apply the training and skills I’ve developed through the Citi Leadership Program and years of industry experience,” remarked Brian. “It will also benefit Clearinghouse to have a representative on the board, and all the CDFIs in our western region.”
Brian earned a bachelor’s degree in accounting from Lincoln University in Pennsylvania and a master’s degree in public administration from the University of Delaware. He has been involved in lending for 18 years, and joined the Clearinghouse CDFI team three years ago.
In his current role with Clearinghouse CDFI, Brian regularly meets with prospective borrowers, including individuals, businesses, nonprofits, developers, private schools, hospitals and churches. He explained, “Our goal is to meet their unmet credit needs. I look for opportunities where Clearinghouse CDFI financing can strengthen these organizations so they may better serve the community.”
He must also assess whether or not the organizations have the ability to repay their debts, stating, “We have to be good stewards of our resources.”
Brian’s focus is on individuals and organizations in Nevada, particularly the Las Vegas area. Although the 2008 recession adversely impacted the area, Brian states, “We are climbing our way out of the negative numbers. The mortgage industry is turning around, unemployment is going down, the economy is better and life is improving for most residents.”
Clearinghouse CDFI, in its relatively short tenure in the state has had a positive presence, he continued, deploying $40 million in core lending in the past 2.5 years, and an anticipated $40 million in New Market Tax Credit lending by the end of the year.
At the Denver OFN Conference, Brian will have the opportunity to address the voting delegates on his qualifications to be a board member, and ask for their votes. View Brian’s video introduction on the OFN website at http://conference.ofn.org/boardelections.html#brian. You can also read more about Brian’s candidacy here: http://conference.ofn.org/docs/Brian_Maddox.pdf.
Whatever the outcome of the vote, Brian has enjoyed being an OFN Board of Directors candidate. He said, “It gives me the opportunity to brag about Clearinghouse CDFI and the great work we do to enrich the lives of those who live in the communities in which we serve.”