Phyllis R. Caldwell

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Phyllis R. Caldwell, "former president of Community Development Banking at Bank of America, is a longtime resident of Washington, D.C. An executive with 20 years of sales and management experience, Caldwell has worked in Community Development Banking at Bank of America for the past decade and has been an innovator in affordable housing. Since 2004, she has served as president, leading a team of 200 people who provided loans and investments for real estate developments benefiting low and moderate-income individuals and communities. Caldwell originally joined Bank of America in 1997 as a community development lending executive in Washington, D.C., for the East and Mid-West regions. She later was appointed equity executive for Community Development Banking, in which she managed equity and tax credit investments in community development, historic preservation and affordable housing throughout the Bank of America franchise. In that role, she approved more than $75 million in community loan fund investments targeting hard-to-reach markets. She also oversaw $100 million in investments to venture funds targeting businesses owned by ethnic minorities or women, and companies located in low and moderate-income neighborhoods. Caldwell leads one of the nation’s fastest growing women’s foundations in terms of grantmaking and generating revenue. She is a member of Washington 100, a group of more than 100 women and men who each give The Women’s Foundation $10,000 over two years, resulting in more than $1 million to invest in women and girls." [1]

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  1. Phyllis R. Caldwell, Washington Area Women's Foundation, accessed July 22, 2009.