NCIF is governed and managed by its Trustees, who hold the authority and responsibility for all strategic, financial, and management decisions. These Trustees represent some of the most seasoned practitioner experience in the development finance field. In addition to sheer financing acumen, they bring decades of experience in designing and implementing financial programs that respond to the needs of low income urban and rural communities. NCIF’s current Trustees are:

• David McGrady, Chairman of the Board
• Carlton Jenkins
• Charles Van Loan
• Mary Tingerthal

David McGrady
Vice Chairman
City First Bank of D.C.

David McGrady built the commercial lending side of the Center for Self Help, the second largest development banking institution in the country. Subsequently, he assisted the Enterprise Foundation in planning its economic development activities beyond housing. He later established a national consulting practice in the design and implementation of development finance programs in urban and rural markets. As one of the leading NMTC experts in the country, McGrady was retained to lead NMTC work by the Ford and MacArthur Foundations, as well as by a broad range of CDFI and non-CDFI clients. In addition to his NMTC practitioner role as NCIF Chairman, he also serves as the principal for City First Capital, a first round NMTC allocatee. A popular speaker at NMTC trainings and seminars across the country, McGrady participated in the preparation of several successful first and second round NMTC applications and is assisting several allocatees to implement NMTC strategies.

Carlton Jenkins
Partner
Yucaipa Corporate Initiative Fund

Yucaipa Funds is a Los Angeles, California based, private equity/merchant banking firm that specializes in acquiring and operating companies in the retail, distribution, logistics and technology areas. Their transactions are valued in excess of $30 billion dollars, with an annual gross return of 53%. The Fund was established in July 2001 to provide investment capital to historically underserved communities on a national level, focusing on opportunities for minority and/or women-owned entrepreneurial firms.

Prior to his partnership in the Yucaipa Fund, Jenkins was the founder, principal organizer, president and CEO of Founder's National Bank of Los Angeles, California, the only African-American owned commercial bank in California, and west of the Mississippi River. Founder's was opened in 1990, successful enough by 1993 to win a "Bank of the Year" award from Black Enterprise Magazine, and considered one of the most progressive and innovative financial services firms in the U.S. During his ownership of Founders, Jenkins increased the asset size from $45,000,000 to $110,000,000, and grew the bank from one branch to five, employing 125 people.

Upon leaving the Bank in 1999, and immediately prior to assuming his position with Yucaipa, Jenkins was a principal and CEO of OneNetNow.com, LLC, an Internet company specifically designed to cultivate proactively the African American and Latino communities, which have been left behind in the digital revolution.

Jenkins is a nationally recognized expert on community economic development issues, and has been called upon to provide senate and house testimony, as well as print and television commentary, on these issues. Jenkins was a mayoral appointee to the Los Angeles Local Development Corporation board of directors, and was selected by the mayor to serve as a member of the Los Angeles Development Reform Committee. He was a member of the Ad Hoc Committee for the development of the Los Angeles Community Development Bank, a non-depository financial institution created by Congress to work under the aegis of the City of Los Angeles. The bank provided debt, equity and mezzanine financing to businesses located in a federally designated empowerment zone.

Mary Tingerthal
President for Capital Markets Company
Housing Partnership Network

Mary Tingerthal joined the Housing Partnership Network staff in September 2007, assuming a new senior leadership position coordinating the work of the five finance companies currently in operation or development by the Network. This includes the Housing Partnership Fund, which provides acquisition and predevelopment financing; Housing Partnership Ventures, which serves as the Network's investment vehicle; Housing Partnership Securities, a tax-exempt bond conduit for rental production; as well as a new single-family mortgage company and a conduit for charter school loans, both currently under development.

From 2000 through August 2007, Ms. Tingerthal worked for the Community Reinvestment Fund (CRF), which provides a national secondary market for community development loans, most recently as senior vice president for capital markets. Her responsibilities at CRF included oversight of the company's loan purchasing, securitization and investor relations activities. She was also instrumental in the development of the federal New Markets Tax Credits program. Prior to joining CRF, she was president and chief executive officer of National Equity Fund, a subsidiary of the Local Initiatives Support Corporation. She previously held senior management positions with GMAC Residential Funding (now RESCAP) and with the Minnesota Housing Finance Agency. Ms. Tingerthal holds a Master's Degree in Business from Stanford Graduate School of Business and Bachelor of Arts Degree from the University of Minnesota.

Charles Van Loan
Chairman
Independent Bank Corporation, Michigan

Independent Bank (Nasdaq: IBCP) is a $3.4 billion bank with 110 offices throughout lower Michigan where Chuck is the Chairman of the Board of Directors. He served as the President and CEO of the bank between 1993 and 2004 and as Executive Chairman during 2005. He was named "Banker of the Year" by Michigan Bankers Association in 2006 and has been very active in the association and many other civic groups. He served on the board of the Federal Home Loan Bank board of Indianapolis and is now on the board of Northern Initiatives, a ShoreBank affiliate in Marquette, Michigan. Chuck was born and raised in South Dakota and is a graduate of the University of South Dakota.