Jeannine Jacokes is CEO and founder of Partners for the Common Good (PCG), a national CDFI intermediary that finances affordable housing and community facilities. PCG operates the CDFI industry’s first national loan participation network and works with 60 CDFI lending partners to serve underserved communities. Jeannine also founded and currently serves as CEO of the Community Development Bankers Association (CDBA). CDBA is the national trade association for mission focused banks that are Community Development Financial Institutions (CDFIs) and Minority Depository Institutions (MDIs).
Over her career, Jeannine has been integral to the growth of the CDFI and MDI sector and promoting access to capital in underserved communities. She served as a senior policy advisor at the U.S. Senate Committee on Banking, Housing and Urban Affairs where she played a lead role in drafting the CDFI Fund’s authorizing statute. She later joined U.S. Treasury on the leadership team that launched the CDFI Fund. Since 1994, the CDFI Fund has awarded more than $5 billion in grants to build the lending capacity of sector.
Jeannine left Treasury to start PCG and CDBA twenty years ago. Over the years, the organizations have led many of the Federal policy victories that have advanced the CDFI and MDI sectors, promoted access to capital in low income communities, and addressed the racial wealth gap. During the COVID pandemic and economic fall-out, CDBA led advocacy efforts that resulted in $12 billion in Federal resources being allocated to CDFIs and MDIs, including the creation of the Emergency Capital Investment Program (ECIP).
Jeannine received her Masters in Urban Planning for the University of North Carolina – Chapel Hill and her undergraduate degree from Aquinas College.