This choice for Asst. Secretary for Policy Development and Research is pretty interes

[Community Development Banking List]

Original message from: tpreston-koenig@virchowkrause.com

HUD Announces Nominee for Assistant Secretary for Policy Development and Research

President Barack Obama recently announced his intent to nominate Raphael Bostic as Assistant Secretary for Policy Development and Research at the U.S. Department of Housing and Urban Development. Dr. Bostic is a Professor in USC's School of Policy, Planning, and Development. Mr. Bostic studies the roles that credit markets, financing, and policy play in enhancing household access to economic and social amenities. Dr. Bostic is an expert on housing and homeownership, and has extensively studied the roles that credit markets, financing, and policy play in enhancing household access to economic and social amenities. He is also currently studying the effects of community development financial institutions on neighborhood well-being, how anti-predatory lending laws impact credit flows, and the role of the private label secondary market in facilitating the flow of capital to subprime and possibly predatory loans. He teaches courses in affordable housing development, urban economics, real estate finance, policy and planning analysis, and public finance. Dr. Bostic was formerly Director of the school's Master of Real Estate Development degree program and was the founding director of the Casden Real Estate Economics Forecast. He previously worked at the Federal Reserve Board of Governors, where he was awarded a Special Achievement Award for his performance associated with a review of the CRA. He earned his Ph.D. in Economics from Stanford University and his BA from Harvard University.


Terri Preston-Koenig
Valued Advisor Fund, Executive Director
Virchow, Krause & Company, LLP, Partner
608 240-2546 Direct
312 307-9550 Mobile
608 249-8532 Fax




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[Community Development Banking List]

Original message from: Fred.Mendez@rabobank.com

I worked with Raphael on CRA during my days at the Federal Reserve. He's an exceptional choice.

From: bounce-3720138-8618650@list.cornell.edu [mailto:bounce-3720138-8618650@list.cornell.edu] On Behalf Of Terri Preston-Koenig
Sent: Wednesday, March 25, 2009 3:37 PM
To: communitydevelopmentbanking-l@cornell.edu
Cc: Bob Mckenzie; Molinaro, John; communitydevelopmentbanking-l@cornell.edu
Subject: This choice for Asst. Secretary for Policy Development and Research is pretty interesting - given his current research is on the role of CDFI's in neighborhoods

HUD Announces Nominee for Assistant Secretary for Policy Development and Research

President Barack Obama recently announced his intent to nominate Raphael Bostic as Assistant Secretary for Policy Development and Research at the U.S. Department of Housing and Urban Development. Dr. Bostic is a Professor in USC's School of Policy, Planning, and Development. Mr. Bostic studies the roles that credit markets, financing, and policy play in enhancing household access to economic and social amenities. Dr. Bostic is an expert on housing and homeownership, and has extensively studied the roles that credit markets, financing, and policy play in enhancing household access to economic and social amenities. He is also currently studying the effects of community development financial institutions on neighborhood well-being, how anti-predatory lending laws impact credit flows, and the role of the private label secondary market in facilitating the flow of capital to subprime and possibly predatory loans. He teaches courses in affordable housing development, urban economics, real estate finance, policy and planning analysis, and public finance. Dr. Bostic was formerly Director of the school's Master of Real Estate Development degree program and was the founding director of the Casden Real Estate Economics Forecast. He previously worked at the Federal Reserve Board of Governors, where he was awarded a Special Achievement Award for his performance associated with a review of the CRA. He earned his Ph.D. in Economics from Stanford University and his BA from Harvard University.

Terri Preston-Koenig
Valued Advisor Fund, Executive Director
Virchow, Krause & Company, LLP, Partner
608 240-2546 Direct
312 307-9550 Mobile
608 249-8532 Fax



________________________________
Pursuant to the rules of professional conduct set forth in Circular 230, as promulgated by the United States Department of the Treasury, nothing contained in this communication was intended or written to be used by any taxpayer for the purpose of avoiding penalties that may be imposed on the taxpayer by the Internal Revenue Service, and it cannot be used by any taxpayer for such purpose. No one, without our express prior written permission, may use or refer to any tax advice in this communication in promoting, marketing, or recommending a partnership or other entity, investment plan or arrangement to any other party.



Virchow, Krause & Company, LLP Confidentiality Notice:

This message is being sent by Virchow, Krause & Company, LLP. It is intended exclusively for the individuals and entities to which it is addressed. This communication, including any attachments, may contain information that is proprietary, privileged, confidential, including information that is protected under the HIPAA privacy rules, or otherwise legally exempt from disclosure. If you are not the named addressee, you are not authorized to read, print, retain, copy or disseminate this message or any part of it. If you have received this message in error, please notify the sender immediately by email and delete all copies of this message. This message is protected by applicable legal privileges and is confidential.


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