City First Enterprises seeks a full-time Director of Development for its headquarters in Washington, DC.
City First Enterprises is a nonprofit bank holding company and an incubator of social finance solutions located in Washington, DC, that promotes social justice by increasing economic access and expanding opportunity for low-wealth communities.
CFE has launched City First Bank, City First Homes and City First New Markets Fund. In total, the City First family has financed over 5,000 units of affordable housing, 7,000 school seats, and 3,400 jobs.
City First Enterprises is a proud to be supported by a White House Social Innovation Fund and to join a class of the most innovative and effective nonprofits in the nation.
In 1993, two-dozen community development leaders gathered in a church basement to respond to widespread discrimination and redlining in commercial bank lending in Washington, DC. Without access to credit and other financial services, neighborhoods and people in DC were missing opportunities and being left behind. Led by John Hamilton, concerned leaders formed City First Enterprises (CFE) and over a 5-year period publicized the problem and then built the capital’s first community development bank.
City First Bank opened its doors in 1998 with $9.4 million in capital investments from public and private sources including Georgetown University, Wachovia, National Community Investment Fund, and federal and DC governments. Today, the bank has grown to $250 million in assets and has leveraged over $1 billion in loans in the DC region, with over 80% of its loans to low- and moderate-income areas.
Photo of the Jefferson Memorial in Washington DC by Storm Cunningham.