Community Reinvestment Fund, USA Welcomes Two Members to Its Board of Trustees
Community Reinvestment Fund, USA (CRF) is excited to welcome Tony Brown, President and CEO of T. Brown Consulting Group (TBCG), and Kathy Rock, recently retired from Low Income Investment Fund (LIIF), as the newest members of our Board of Trustees. Tony and Kathy each possess extensive community development and finance experience, which will help CRF achieve its mission to empower people to improve their lives and strengthen their communities through innovative financial solutions. Read more about Tony and Kathy below.
Tony Brown is a nationally recognized expert in the field of community development and finance with more than 35 years of development finance experience. As President and CEO of T. Brown Consulting Group (TBCG), Brown attracts private capital by leveraging tax credit programs and his technical financial skills. These skills help communities, businesses, governments, and lenders devise capital solutions for community development that results in real estate and small business initiatives across the country. Brown’s capital solutions have resulted in more than $10 billion in private capital to flow into underserved areas across the United States.
As Director of the Community Development Financial Institutions (CDFI) Fund – United States Department of Treasury, Brown successfully implemented the New Markets Tax Credit Program. In this role he supervised the first $6 billion in tax credit authority allocated. He provided regulatory oversight of billions in CDFI Fund assets and measured the impact of the nation’s investments in community development entities and financial institutions.
Brown holds a Master of Business Administration in Finance and a Bachelor of Arts in International Affairs and Business from Xavier University.
Kathy Rock recently retired from the Low Income Investment Fund (LIIF), after 30 plus years in finance and community development. Rock has extensive experience in finance and risk management in the financial services industry, both domestic and international, including public, private and non-profit entities.
Most recently, Rock was the Chief Financial & Administrative Officer for LIIF, responsible for all financial activities (including capital raising), human resources, and information technology. Prior to joining LIIF as a member of the executive team, she served as a Board Member and Chair of the Audit Committee. She has also served as Chief Financial & Risk Officer for the Calvert Impact Investments, and was head of Counterparty Risk Management for Freddie Mac, a position that she also held at Fannie Mae.
While based in London with Genworth Financial Services, she served as Chief Financial Officer for Europe and Canada, and Senior Vice President for Loss Mitigation for the European Mortgage Insurance portfolio. She also served as Controller for the Federal Housing Administration, where she led a multi-billion dollar troubled asset sales program. She started her career with GE Capital in the financial management program and held a number of positions of increasing responsibility in financial management. Rock is currently a Board Member for Tenderloin Neighborhood Development Corporation (TNDC), an affordable housing developer based in San Francisco.
Rock holds a B.A. in Economics from the University of Maryland.