Annie Donovan announced that she will step down as the director of the Community Development Financial Institutions (CDFI) Fund at the U.S. Department of the Treasury. The CDFI Fund administers several important community development programs including the New Markets Tax Credit and the Capital Magnet Fund. Donovan will be replaced by Jodie Harris in January. Harris is currently the director of small business, community development and housing policy in the Office of Financial Institutions at the U.S. Department of the Treasury.
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