Panel + Q&A (*Maximum 4 Panelists)
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Community Development Financial Institutions and the Capital Markets: Tapping Impact Investors

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A new paradigm is emerging – one in which mainstream investors want to invest in the social, environmental and economic well-being of American communities. Join the Low Income Investment Fund (LIIF), Local Initiatives Support Corporation (LISC), Morgan Stanley and S&P to discuss new research that lays the foundation for the Community Development Financial Institution industry to catalyze on this paradigm. The panel will provide an overview and analysis of the CDFI industry and its foray into the capital markets through over $2 billion in rated and unrated debt instruments, examining how CDFIs can expand their role as trusted intermediaries for capital investment in people and places where disparities in health and wellbeing, employment, wealth and financial security, and overall quality of life have stemmed from a lack of capital access and systemic racism.

A new research study by LISC will be published at the end of June 2020 that will be the basis for the panel discussion.

Confirmed Panelists

Alan Bonilla is a Director, Lead Analyst in the U.S. Public Finance Housing Enterprises Group at S&P. Alán is responsible for providing credit ratings to various housing bond issuers, including state housing finance agencies, public housing authorities and community development financial institutions. Before joining S&P Global Ratings, Alán spent over 10 years combined at Moody’s Investors Service and Fitch Ratings in various ratings groups. Alán was previously a Relationship Manager at DWM Asset Management, an emerging markets investment manager dedicated to making impact investments.

Grace Chionuma is an Executive Director in the Public Finance Group at Morgan Stanley. With almost 15 years of banking experience in public finance, corporate finance, and sales & trading, Grace was the lead banker for Local Initiatives Support Corporation (LISC) in April 2017, the inaugural CDFI public market debt offering, as well as Morgan Stanley’s most recent CDFI transactions for ECLF and LIIF, also debt IPOs. Additionally she works with variety of not-for profit and education clients including coverage responsibilities for charter schools nationally and colleges, universities, and independent schools. Prior to her work in Public Finance, Grace worked in Morgan Stanley’s Investment Banking Group and in Senior Relationship Management with large institutional investors. Grace earned her B.A. at Dartmouth College, majoring in Government. She earned her M.B.A. from Yale University School of Management.

Christina Travers, Vice President, Finance & Capital Strategies at the Low Income Investment Fund. Ms. Travers joined LIIF in July of 2018. In her new role, Christina is responsible for raising capital to support LIIF’s loan portfolio and serves as liaison with, and resource to, LIIF’s banking and other lending relationships. Additionally, she manages LIIF’s budget process, financial forecasting, investment portfolio management, cash management and treasury services. Prior to joining LIIF, she spent ten years at Local Initiatives Support Corporation (LISC) as its Senior Vice President for Finance & Capital Strategies. In this role, she oversaw LISC’s financial planning and analysis, maintained relationships with LISC lenders, and supervised the loan servicing of LISC’s loan portfolio. Prior to joining LISC, Ms. Travers worked as a Policy Analyst at New York City’s Department of Health and Mental Hygiene. She is also a Returned Peace Corps Volunteer, completing her service in Zambia, Africa. Ms. Travers earned her B.S. in Biology from Duke University and her M.S. in Urban Policy and Management, with a concentration in Community Development Finance, from The New School in New York City.

Anna Smukowski serves as LISC’s Director, Investor Relations & Capital Strategies working to introduce, position and proactively market LISC’s core impact lending to nontraditional investors. In this capacity, she supports capital strategies aimed at growing LISC’s loan capital, including modeling of financial and social returns of LISC’s products. Ms. Smukowski has also served as Program Manager for LISC’s Pay for Success program and started her career at LISC as Credit Officer. She began her career as a Strategy and Operations Consultant at Deloitte. Ms. Smukowski received her B.S. from NYU Stern and her M.B.A. from Columbia Business School.

 

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