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Nov. 29, 2017

The View From Main Street

Interim President Mark Mullinix (center) with outgoing chair Mary Hunt and council member Paul Phillips.

Community trends, affordable housing, workforce skills gaps and the impact of opioid abuse were discussion topics during the recent meeting of the Richmond Fed’s Community Investment Council.

The council is one of several advisory groups that provide “on the ground” information to Bank leaders. The 12-member council includes workforce, housing, small business and other community development experts and investors that inform Bank leaders about emerging issues and economic trends, especially in low- and moderate-income communities.

“The council discussed many of the economic issues affecting the communities in the Fifth District and highlighted some of the work being done to address those challenges,” said Sandy Tormoen, assistant vice president and community affairs officer for the Richmond Fed. “The discussion really underscored the importance of the Bank’s community development work since these issues affect our overall economy.”

The meeting marked the end of service to the council for Tamea Franco, president, Global Metal Finishing; Mary Hunt, program director, Claude Worthington Benedum Foundation; and Paul Phillips president and chief executive officer, Freedom First Federal Credit Union. Hunt served as chair since 2015.

The Richmond Fed established the Community Investment Council in 2011. Members may serve two consecutive four-year terms. 

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