Brian Argrett, a Director since 2011 is currently President and Chief Executive Officer of the Corporation and the Bank and is Chairman of City First Enterprises and City First Foundation. Mr. Argrett also serves on the Executive Committee of both the Corporation and the Bank. Formerly, Mr. Argrett was founder and managing partner of both Fulcrum Capital Group, an investment manager, and Fulcrum Capital Partners, L.P., a traditional, institutionally-backed private equity limited partnership. He also served as President, Chief Executive Officer and director of Fulcrum Venture Capital Corporation, a federally licensed and regulated Small Business Investment Company. Prior to joining Fulcrum, Mr. Argrett was an attorney with the real estate law firm of Pircher, Nichols & Meeks in Los Angeles. Mr. Argrett has served as chair, been a member, or held observer rights on numerous Fulcrum portfolio company boards, as well as served on the boards of First Federal Financial Corporation, First Federal Bank of California and Family Savings Bank, a community bank serving central Los Angeles and was a presidential appointee, under the Obama administration, to the Community Development Advisory Board. In addition, Mr. Argrett is a past board member of the Washington DC Economic Partnership. Mr. Argrett has held leadership positions at the National Association of Investment Companies and the National Conference for Community and Justice and has been an elder at the Knox Presbyterian Church.
Currently, Mr. Argrett serves as a director on the Board of the Federal Home Loan Bank of Atlanta (“FHLBATL”) and is the Chair of FHLBATL’s Enterprise Risk and Operations Committee as well as a member of the Executive Committee, the Audit and Compliance Committee and the Finance Committee. Mr. Argrett served as a past Chairman of and continues to serve on the board of the Community Development Bankers Association. Mr. Argrett also serves as a member of the Global Alliance for Banking on Values and is a member of the Steering Committee of the Expanding Black Business Credit Initiative.
Mr. Argrett is also a member of the Federal City Council and the Economic Club of Washington, D.C., a member of the Deputy Mayor for Planning and Economic Development’s Economic Strategy Advisory Committee, the DC Attorney General’s Business Advisory Committee, the 11th Street Bridge Park Kitchen Cabinet, the National Association of Corporate Directors, and a member of the Governing Board of Mosaic Theater Company of Washington, D.C.
Mr. Argrett is a member of Leadership Greater Washington Class of 2014. Mr. Argrett is also a 2014 recipient of the Washington Business Journal Minority Business Leader Award.
Mr. Argrett holds a Juris Doctorate and a Master’s in Business Administration from the University of California, Berkley, and a Bachelor of Science degree from the McIntire School of Commerce at the University of Virginia.
Lori Chatman is a senior vice president of Enterprise Community Investment, Inc., and serves as president of the Enterprise Community Loan Fund, Inc. Lori is responsible for setting and implementing the strategy for Enterprise to raise and deploy capital through large-scale national, regional and local debt funds as well as tax advantaged equity through Qualified Opportunity Funds and New Markets Tax Credits.
Lori joined Enterprise in November 2004 with more than 15 years of community development experience. Prior to her current position, she was the senior vice president and chief credit officer of the Enterprise Community Loan Fund, Enterprise’s U.S. Treasury-certified Community Development Financial Institution (CDFI).
Before joining Enterprise, Lori was the director of lending for the Calvert Social Investment Foundation (now Calvert Impact Capital), where she managed their portfolio of loans to CDFIs, community development corporations, community service organizations and international microfinance institutions. Lori was also responsible for delivering a broad menu of portfolio and asset management services under contractual arrangements with a host of institutional investors, including administering several portfolios of loans funded by these investors. strategic direction of the organization’s national lending programs in cooperative affordable housing, charter schools, community health care and community and economic development.
Lori serves as a board member of Appalachian Community Capital, a 17-member CDFI committed to meeting the credit needs of rural Appalachia. She is also a member of Capital One’s Community Advisory Council, Northern Trust’s CDE Advisory Committee and Chase’s New Market Corporation Advisory Board. Additionally, Lori serves as a board member on the Baltimore Neighborhood Investment Fund and the Beeck Center Opportunity Zone Investor Council.
Lori is the past Chair of the Board of Directors for the Opportunity Finance Network (OFN), a national network of CDFIs investing in opportunities that benefit low-income, low-wealth and other disadvantaged communities across America.
Since early 2018, Priya Jayachandran has led National Housing Trust (NHT), which is committed to preservation of home, opportunity and dignity through affordable housing. In her role as CEO, Priya leads NHT’s engagement in public policy, lending and energy sustainability.
Priya previously led Housing Development at Volunteers of America (VOA). In her role, she managed the strategic direction, acquisition and development of rental housing for VOA. Priya served in the Obama Administration at the Department of Housing and Urban Development from 2014 until 2017, as Senior Policy Advisor, Director of the front office of Multifamily Housing and ultimately as Deputy Assistant Secretary for Multifamily Housing Programs.
Prior to joining HUD, Priya spent more than 15 years in community development real estate banking in New York and Washington, DC. During that time, she led client teams delivering debt and tax credit equity for affordable housing and charter schools. Under Priya’s leadership, the Mid-Atlantic market at both Citi and Bank of America were the top production offices in the country. Priya is a recognized industry expert on affordable finance deal structuring. Priya has also worked as a consultant to women’s microcredit organizations in La Paz, Bolivia; Credit Suisse as an investment banking analyst; and California State Treasurer Kathleen Brown as a Capital Fellow. Priya earned her B.A. from the University of California and her MPA from the Princeton School of Public and International Affairs.
Ms. Hall has dedicated her 25-year career to economic justice, social impact and community development and using the tools of impact investing and philanthropy, Ms. Hall has served in executive roles across multiple sectors in the United States and abroad. Ms. Hall is currently a Senior Fellow of Georgetown University at the Beeck Center, which engages global leaders to drive social change at scale. Her area of focus at the Beeck Center is the inclusive economy. Ms. Hall also recently joined the Case Foundation as a Senior Fellow to lead the organization’s impact investing work.
Ms. Hall previously served as Managing Director of Anthos Asset Management, headquartered in Amsterdam, the Netherlands where she launched an impact investing initiative for Anthos, a large European family office. From 2013 to 2016 she was responsible for portfolio management of the firm’s private debt and equity impact investment funds including the Skopos Impact Fund, with aggregate commitments of EUR 80 million. After relocating back to the United States in 2016, Ms. Hall remained with Anthos and was involved in due diligence, origination, and monitoring of investments across ten countries in emerging and developed markets. Ms. Hall also served as President & CEO of Calvert Foundation from 2010 to 2013, following her tenure as head of the investment portfolio from 2005 to 2010. Prior to joining Calvert Foundation, Ms. Hall held positions in impact investing and community development finance with Fannie Mae, Enterprise Community Investments (formerly Enterprise Social Investment Corporation), and JP Morgan Chase (formerly Chemical Bank). Ms. Hall also served in the Clinton Administration in 1999 as a policy advisor at the National Economic Council where she worked on the creation of the New Markets Investment Tax Credit.
A native New Yorker and first generation American (of Haitian parents) Peggy is currently SVP, Senior Corporate Counsel with Sandy Spring Bank. Sandy Spring Bank, headquartered in Olney, Maryland, is full service financial institution offering a broad range of commercial, retail, mortgage and trust services, and with its subsidiaries, wealth management and insurance services, to communities throughout the District of Columbia, Maryland and Virginia. With over 20 years of legal experience with financial institutions , Peggy has worked as an attorney at Axiom, a global organization providing legal services to Fortune 100 corporations, an associate with Wilmer Hale, General Counsel to City First Bank, Faculty at Yale Law School, as well as managed her own consulting firm. Most notably, Peggy was the principal lawyer to establish City First Bank of D.C., Washington’s first community development bank as well as Start Bank, New Haven’s first community development bank. A graduate of Harvard Law school and Brandeis University, Peggy is also a mother of 2 teenagers and an avid rower.
Dr. William Longbrake, a Director since 2011 is Chair of the Audit and Compliance Committee, a member of the Executive Committee, the Directors’ Loan Committee, and the Compensation Committee. Dr. Longbrake is also a Board Representative on the Bank’s Asset and Liability Committee. Dr. Longbrake is an Executive in Residence at the Robert H. Smith School of Business at the University of Maryland where he participates in the Center for Financial Policy. Dr. Longbrake is active in numerous academic, business, and community service organizations, particularly those involving issues surrounding affordable housing and education. He has extensive experience in finance and investments, macroeconomics and monetary policy, risk management, housing, and public policy. He currently writes a monthly economic newsletter for Squire Patton Boggs. He is past Chair of the Board of Trustees of the College of Wooster, a residential four-year liberal arts college and past-Chair of the Board of HOPE LoanPort, a not-for-profit organization that provides a data management and communications web portal to housing counselors and home mortgage servicers. Dr. Longbrake is a director of the Washington State Investment Board, a director of the Boeing Employees Credit Union, and a member of the Mortgage Markets Committee of the American Bankers Association. Dr. Longbrake was a Director of First Financial Northwest, a community bank located in Renton, Washington, from 2008-2010; a Director of the Federal Home Loan Bank of Seattle from 2002-2010; and a Director of the Washington Financial League from 2002-2010. He taught courses in business administration and finance at the University of Maryland and Seattle University. In 2007 Dr. Longbrake received the Distinguished Alumnus of the Year award from the Robert H. Smith School of Business of the University of Maryland. Dr. Longbrake began his career in Washington, DC where he served in various government positions, including Acting Senior Deputy Comptroller for Policy and Senior Deputy Comptroller for Resource Management for the Office of the Comptroller of the Currency and financial economist, chief financial officer, and deputy to the Chairman at the FDIC. Dr. Longbrake earned his bachelor-of-arts degree in economics from the College of Wooster. He earned his master’s degree in monetary economics and his master of business administration degree from the University of Wisconsin. He received his Ph.D. in finance from the University of Maryland.
David J. McGrady has been a Board Member at City First Bank since 1998. He is currently Vice Chairman of the Board of Directors of the Corporation and the Bank. He Chairs the Audit and Compliance Committee and is a member of the Executive Committee and the Directors’ Loan Committee. Mr. McGrady is a consultant specializing in community development issues and is a nationally recognized expert on the NMTC program. He advises banks, investors, foundations, municipalities and community development financial institutions (CDFIs) on a range of issues, including corporate structure and governance, capitalization, market and risk assessment, product development, portfolio management and tax credit programs. For many years, Mr. McGrady was Director of Commercial Programs for the Center for Community Self-Help in Durham, North Carolina. Under his leadership, Self-Help originated over 1,300 higher risk business loans totaling more than $80 million. He is also chair of the Board of the National Community Investment Fund. Mr. McGrady received his bachelor’s degree from King’s College and law degree from Harvard Law School.
A Partner at Gibson, Dunn & Crutcher, LLP since 1981, Mr. Muckenfuss focuses on the representation of financial institutions in matters involving financial regulation and public policy. He was formerly Senior Deputy Comptroller for policy at the Office of the Comptroller of the Currency and Counsel to the Chairman of the FDIC. Mr. Muckenfuss has deep experience in community development, including service as a founder, member and current Chairman of the Board of City First Bank of D.C.; as an attorney and project developer for the Bedford Stuyvesant D and S Corporation, then the largest Office of Economic Opportunity-funded community development project in the country; and as a Clinical Visiting Lecturer in Law at Yale Law-School. Mr. Muckenfuss is also a founder, Board member and former Chair of the Petra Foundation, a small foundation which provides recognition and support to unsung individuals making distinctive contributions to racial justice, human freedom and community development. He is a member of the Board of the Roosevelt Institute, a nonprofit organization devoted to carrying forward the legacy and values of Franklin and Eleanor Roosevelt; a member of the Arts Advisory Board of the Arts Arena, a nonprofit initiative for the creative and performing arts and issues of culture and society; a member of the Financial Regulatory Reform Initiative Task Force of the Bipartisan Policy Center, a nonprofit organization that combines politically-balanced policy making with strong, proactive advocacy and outreach, actively promotes bipartisanship and works to address key challenges facing the nation; and is Chair of the Advisory Council of the International Psychotherapy Institute which offers support and advice to further the Institute’s mission of providing community service through initiatives such as a suicide prevention program in high schools, a collaborative training in suicide risk assessment and a community psychotherapy clinic.
Oswaldo joined City First Enterprises early in 2019, bringing his lending, project finance and entrepreneurial experience to lead the group’s efforts in advancing the region’s economic development agenda. Prior to CFE, Oswaldo was the head of the Small Business group at Washington’s Latino Economic Development Center. At LEDC, he drove the growth and the expansion of the group’s footprint across the region. During his tenure, Oswaldo also successfully led the adoption of fintech and algorithmic features to the group lending activities. In his own entrepreneurial ventures, he launched a food distribution company with market reach in Virginia, Maryland, DC, Pennsylvania and New York City. He sold his company in 2012. After his company’s acquisition, he joined Self-Help, as part of their commercial lending group in DC. Prior to joining the CDFI field, he worked as an economics consultant for Stone & Webster in London, UK, before being assigned to lead projects with The World Bank in Washington, DC. His professional training and experience as an immigrant from Mexico, suits him with a broad and technical understanding of the economic inequality challenges facing communities in our region. Oswaldo serves on several boards and advisory groups across the region. He recently concluded his two-year term as a member of the Federal Reserve Bank of Richmond’s Community Investment Council (CIC). Currently, he is a member of the Impact Investment Committee of the Baltimore Community Foundation and sits on the Board of Directors for Baltimore’s Impact Hub. More recently, he joined Greater Baybrook Alliance’s board. Oswaldo holds a BS in Economics from Monterrey Institute of Technology, an MA in Political Economy from the United Kingdom’s University of Essex and an MSc in Economic Regulation from the London School of Economics and Political Science.
City First Enterprises is a mission-driven institution working at the intersection of financial innovation and impact investment. To help mitigate economic and racial inequity, CFE capital is put to use by supporting affordable housing, small businesses, increasing access to community facilities for the arts, health, education, and other social services, and to support sustainable living through green energy.
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