Michael Swack University of New Hampshire

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1 Michael Swack University of New Hampshire Education Ph.D., Columbia University, 1990 specializations, Management and Community Development MCRP, Harvard University Kennedy School of Government, 1979, Specialization Economic Development and Finance B.A, University of Wisconsin, Madison, 1975, Honors College, Political Science Highlights Faculty Director of the Center on Social Innovation and Finance at the Carsey School of Public Policy, University of New Hampshire and faculty member, Paul College of Business and Economics, University of New Hampshire. (Appointment in Economics.) Founding Dean of the School of Community Economic Development (SCED) at Southern New Hampshire University. SCED provides degree (M.S., M.A Policy, MBA and Ph.D.) and training programs in community economic development, and has educated more than 2,500 practitioners from across the United States and from over 100 countries. Created ongoing academic programs with partners in Tanzania (Open University of Tanzania), the Philippines ( Card Bank of the Philippines & Southeast Asia Interdisciplinary Development Institute), Los Angeles (the Community Development Technology Center), and Cost Rica (EARTH University.) Graduates of SCED build affordable housing, run community development financial institutions, promote microenterprise programs, start social enterprises, run community health and education programs, promote youth development and develop commercial projects and small businesses in low-income communities around the globe. SCED is also home to the Applied Research Center (ARC), the Center for Community Economic Development and Disability, and the Financial Innovations Roundtable. Created the Center for Community Economic Development (CCED) in CCED is a nonprofit organization located at and affiliated with the School of CED. CCED acts as a center of practice in CED. It engages faculty, staff and students in community projects and policy issues and incubates innovative programs that make unique contributions to the field. The Center incubated the Working Capital program which became one of the largest peer lending microenterprise programs in the U.S. The program was spun-off from CCED after 3 years. Founder and Chair of the Financial Innovations Roundtable (2001- present). The Financial Innovations Roundtable develops concrete ideas that link conventional and nontraditional lenders, investors and markets to provide increased access to capital and financial services in low-income communities. The Roundtable also promotes partnerships to implement ideas. The outcomes of the Roundtable are the development of joint programs, tools and approaches to financing development in low-income communities. The Roundtable includes 90 members in the field of finance and related areas. Participants include leaders from conventional financial institutions including

2 banks, mortgage companies, insurance companies and investment firms as well as leaders from public agencies, non-traditional lenders, foundations, pension funds, religious institutions and universities. Drafted legislation to create the New Hampshire Community Development Finance Authority (CDFA), an innovative state-chartered equity fund for community economic development ventures and projects which has been widely replicated. Appointed by Governor John Sununu as the first chairman and served as a board member for 17 years. Founding president (1983) and a current board member of the New Hampshire Community Loan Fund one of the premier Community Development Financial Institutions in the United States Founding board member of Opportunity Finance Network a national trade association of community development finance institutions. Consultant to development finance intermediaries in Africa, Latin America and Asia. Founder, with Gary Hirshberg, CEO of Stonyfield Yogurt, of the Stonyfield Entrepreneurship Institute an annual training institute that attracts over 200 socially minded entrepreneurs. Employment Professor University of New Hampshire, Paul College of Business and Economics (appointment in Economics) and Faculty Director of the Center on Social Innovation and Finance at the Carsey School of Public Policy present Founding Dean School of Community Economic Development, Southern New Hampshire University (SNHU) Manchester, NH Founding Director Community Economic Development Program - SNHU, Professor School of Community Economic Development (SNHU), Chairman, New Hampshire Community Development Finance Authority, Associate Professor SNHU, Assistant Professor SNHU, Senior Associate Counsel for Economic Development, Cambridge, MA served as consultant on development finance issues for clients in the United States and overseas, Director, Madison Community Corporation, Selected Publications Swack, M., Eric Hangen and Jack Northrup. CDFIs Stepping into the Breach: An Impact Evaluation (2015). United States Department of Treasury. Swack,M., Jack Northrup and Eric Hangen. CDFI Industry Analysis (2012). CDFI Fund and Carsey Institute, University of New Hampshire. A financial and social impact analysis of community development financial institutions. Swack, M and Charles Tansey (2010) Community Development Financial Institutions, Capital Markets and Organizational Credit Risk with Charles Tansey, Michael Tansey and Vicki Stein. Carsey Institute, University of New Hampshire, Durham, NH.

3 Swack, M. (2010) Investing for Change: Building a Strong Rural Finance Network (2010) publication produced for Neighborworks Rural Conference in New Orleans. Swack, M. (2009) Did Lending to Poor People Cause the Near-Collapse of Financial Markets? Making Sense, a Canadian Community Development Journal, volume 20, number 3. Swack, M. (2009). Maximizing Returns to Colleges and Universities: A Handbook on Community Investment. The Responsible Endowment Coalition. Philadelphia, PA. Swack, M. (2009). Financial Innovations Roundtable: Developing Practical Solutions to Scale up Integrated Community Development Strategies. The Carsey Institute, University of New Hampshire. Swack, M. and Jolan Rivera. (2009) Mainstreaming Acquisition Loans to Cooperative Manufactured Housing Communities U.S. Department of Treasury, Community Development Financial Institutions Fund. Swack, M. (2008). Expanding Philanthropy s Reach. Communities and Banking. Boston: Federal Reserve Bank of Boston. Swack, M. with Jack Northrup and Janet Prince, (2007). Expanding Philanthropy: Mission Related Investing at the F.B. Heron Foundation. New York, NY: F.B. Heron Foundation. Swack, M. (2007). The Relationship between Community Development Finance and Conventional Capital Markets. New York: Federal Reserve Bank of New York. Swack, M. (2006). "Social Financing in the Housing Sector." In Michael Stone (editor) Social Housing. Philadelphia: Temple University Press. Swack, M. (2005). Closing Remarks. In Setting Economic Policy to Achieve Social Goals: Proceedings of the National CED Symposium. Manchester: CED Press Swack M. (2005) with Woullard Lett. Tax Policy and Asset Building for People with Disabilities Manchester: CED Press Swack, M. (2004). Capital Markets for Community Development Lenders: Q & A. Communities & Banking. Boston: Federal Reserve Bank of Boston. Swack, M. (1994) "Community Economic Development, An Overview of the U.S. Experience" in Community Economic Development: Perspectives on Research and Practice. Galway, B. ed. Toronto: Thompson Educational Publishing. Swack, M. (1992) Capital Needs and the Cooperative Sector in Atlantic Canada." Halifax: Co-Op Atlantic.

4 Swack, M. (1989) An Evaluation of 3 Refugee Loan Funds in the U.S. New York: Ford Foundation. Swack, M. (1987) Community Loan Funds. in Severyn Bruyn (ed.) Beyond the Market and the State. Philadelphia: Temple University Press. Swack, M. and Donald Mason (1987) Community Economic Development as a Tool for Social Intervention. In Edward Bennett (ed.) Social Intervention Theory and Practice. Lewiston, NY: The Edwin Mellen Press Swack, M. (1982) Utilizing Private Capital for Land Preservation. In Rusmore et al (editors) Private Options: Tools and Concepts for Land Conservation. Washington, The Land Trust Alliance. D.C.: Swack, M. and Michael Fischer (1981) A Case Study of New Life Farm in Assessment of Technology for Local Development. Edited by U.S. Office of Technology Assessment. Philadelphia: Diane Publishing Company Professional Presentations (selected presentations since 2003) 2012 Speaker at Pensions and Capital Stewardship conference, Harvard Law School, Cambridge, Massachusetts 2011 Keynote Speaker at the International Forum on the Social Economy in Montreal, Canada Keynote Speaker at conference on Investing for Change sponsored by Neighborworks America 2010 Keynote Speaker at conference on Development Finance sponsored by The Center for Inter-University Research and Analysis on Organizations (CIRANO), Montreal, Canada Primary Presenter Department of Treasury sponsored workshop on Creating Liquidity for CDFIs, Washington, D.C Pension Funds and Urban Revitalization conference at Harvard Law School, Cambridge, MA. Presentation on dual objective investment by institutional investors Northern New England Nonprofit Policy Leadership Institute sponsored by the Carsey Institute at the University of New Hampshire. Housing Finance Canadian Conference on Social Finance, Toronto, Canada keynote speaker Green Mountain Summit on Investor Responsibility, Woodstock, VT Providing Fiduciaries with Real Returns.

5 2006 Federal Reserve Bank of Boston. Pension Funds and Community Investment Clemson University, The Role of Education in Promoting Community Economic Development Cooperative Development Institute, Connecting Community Economic Development to the Cooperative Sector held at Southern New Hampshire University The Aspen Institute, Achieving Scale in Development Finance, Washington, D.C Federal Reserve Bank of San Francisco. Origination Strategies for the CED Field: Outsourcing, Aggregation and Regional Pooling Federal Reserve Bank of Chicago. An Orientation to the Capital Markets for Community Development Lenders 2003 Maine Rural Partners: Building Capacity Through Rural Partnerships, Augusta, Maine. Keynote speaker New England Symposium on Community Economic Development and People with Disabilities, Portsmouth, NH. Keynote speaker. Awards Community Development Trailblazer Award, Citizens Bank, 2007 New England Higher Education Excellence Award awarded to the School of Community Economic Development for outstanding academic program, 2007 Award of Recognition, San Diego State University and speaker at first graduating class of the University s first certificate class in Community Economic Development, 1999 Practitioner of the Year National Congress of Community Economic Development, Washington, D.C., Teaching and Advising 2004 to Present Courses: Theory of Community Economic Development (Ph.D. course) Introduction to Community Economic Development (masters course) Development Finance (international masters course) Microfinance Policy (international masters course) also taught in South Africa and the Philippines Non-Profit and NGO Management (masters course) Negotiation Strategies (masters course) Financing Community Economic Development (masters course) Social Enterprise (masters course)

6 Doctoral Students: Chair- Gaamaa Hishigsuren (2004), David Reese (2007), Utiang Ugbe (2006), Ana Klincic Member Jolan Rivera (2006), Noah Dorius (2006), Uzziah Kirega (2006), Innocentus Alhamis (2008) Grants Since 2000, raised over $10 million including: Federal Funds: U.S. Department of Housing and Urban Development Community Outreach Partnership: $400,000 Community Development Work Study: $650,000 Department of Treasury: Department of Treasury - $1 million for impact evaluation of community development financial institutions Community Development Finance Institution (CDFI Training) - $500,000 CDFI Research: $75,000 Department of Justice: Weed and Seed Training: $730,000 Weed and Seed Research $250,000 U.S. Agency for International Development (USAID) Africa Programs and microenterprise research: $650,000 US Department for Health and Human Services and affiliated Institutes Center for CED and Disability: $500,000 for research and core support Federal Earmark: New building: $2,000,000 Foundation Funding: Ford Foundation: $1,100,000 (five separate grants) for core support, Africa programs, and Applied Research Center start-up. Fannie Mae Foundation: $650,000 for core support and Financial Innovations Roundtable McArthur Foundation: $150,000 for research and program development on microenterprise Rockefeller Foundation: $150,000 for research and support of Africa programs Heron Foundation: $265,000 for research and to support Financial Innovations Roundtable Cox Charitable Trust: $150,000 to support Center for CED and Disability Jane s Trust: $250,000 for scholarships New Hampshire Charitable Fund: $25,000 for planning and general support National Cooperative Fund: $20,000 for research Individual Donors: Over $2 million in gifts from private donors.

7 Service on Board of Directors and Advisory Committees 2008-present. ROC-USA, (a national, non-profit corporation providing financing and assistance to resident-owned manufactured housing park cooperatives present. Community Development Advisory Council, Federal Reserve Bank of Boston 2008 present- Research Advisory Board, Federal Reserve Bank of Boston 1983 present. NH Community Loan Fund, Concord, NH Founding Member and First President present. Community Investment Steering Committee of the Social Investment Forum, Washington, D.C present. Altrushare Securities. (a non-profit owned, for-profit securities company) Board member 2002-present. Wall Street Without Walls, New York, NY New Hampshire Community Development Finance Authority and Chairman ( ) Business Council, Federal Reserve Bank of Boston The Center for Community Economic Development, Manchester, NH President The Institute for Community Economics, Springfield, MA Past President & Federal Home Loan Bank, Boston, MA Advisory Council Other Instructor for Financing Community Development courses at Tufts University Community Development and Management Institute, Wrote original business plan for Stonyfield Farm Yogurt.(1983)

8 Served on the Community Health Centers Capital Finance Work Group convened by the New Hampshire Charitable Fund, Testified in front of the U.S. Senate Banking Committee (1994) and the Financial Services Committee of the U.S. House of Representatives (2002) on matters related to community development and financing community development. Helped draft the legislation that created the Community Development Financial Institutions Fund within the Department of Treasury (1994) Served on numerous boards and committees within Southern New Hampshire University including the Board of Trustees, the Presidential Search Committee, the Vice-President for Academic Affairs Search Committee (twice), the University Strategic Planning Committee and the University Budget Advisory Committee. Incubated the Working Capital Program (which started in the School of Community Economic Development) a peer-lending microfinance program that operated in 27 states providing capital to low-income groups. After Working Capital spun-off from the School, served on the founding board of Working Capital ( ) Working Capital subsequently merged with Accion International. Designed, implemented and provided administrative oversight of a distance learning training program for the North Carolina Community Development Initiative. Designed, implemented and provided administrative oversight of a Black Church Training Initiative for the New Orleans Foundation in Louisiana ( ) Worked extensively as a consultant and trainer with (partial list :) Department of Development, State of Ohio City of Philadelphia, PA North Carolina Community Development Initiative Puerto Rican Youth Entrepreneurship Project Youth Enterprise Development Project, Boston, MA Department of Labor, Government of Belize Citibank/ Puerto Rico Greater New Orleans Foundation Local Initiative Support Corporation