KEY STAFF

Meet the people responsible for our success

CIDC staff has extreme knowledge of Community Development Regulations, as well as those that pertain to federal funding sources. Federal Register updates are monitored and applicable changes and/or new legislation is presented to clients. Staff is familiar with regulations for HUD, FHA, Fannie Mae, and SBA loan programs and conducts ongoing research to discover new methods for employing federal, semi-private, and private.

William Loewenstein

CIDC’s President and CEO, Mr. Loewenstein has over three decades experience in the economic and housing development fields. He is knowledgeable in a full range of federal, state and local housing and economic development programs. Loewenstein specializes in the empowerment of public/private partnerships, working with non-profits and establishing self-sustaining local delivery systems.

 

Loewenstein spearheads CIDC development efforts. CIDC has developed several hundred housing units and more than $30 million in public benefit facilities owned by CIDC affiliates. He also directs CIDC, state and local contract delivery systems.

 

Section 108 Loan Program

 

He has underwritten hundreds of millions of dollars of Section 108 applications for public clients in New York, New Jersey, Pennsylvania, Michigan, California and Florida. During his tenure with the National Development Council, Loewenstein was one of a select group chosen to assist HUD with the design and implementation of the Section 108 Loan Program. As a consultant to the New Jersey Economic Development Authority (NJEDA), Lowenstein worked with the agency to establish the first statewide 108 loan fund for under-served communities.

 

Technical Assistance – HUD

 

Loewenstein has provided Technical Assistance to the U. S. Department of Housing and Urban Development, working with area and state offices in Buffalo, New York; Newark, New Jersey, San Francisco and Los Angeles, California under grants for the CDBG, HOME and CHDO programs.

 

New Market Tax Credit

 

He has structured and conducted training sessions on the New Market Tax Credit Program for several clients and assisted NJEDA in obtaining a New Market Tax Credit allocation.

 

Project Fulfillment

 

Loewenstein has underwritten hundreds of millions of dollars for office, shopping center, and industrial projects; established MICRO loan programs and drafted hundreds of millions of dollars of successful Section 108 loan applications.

 

He worked with the NJEDA to create a statewide pool of 86 members of the Federal Home Loan Bank Board who were willing to extend both construction and permanent loans to projects that qualified under the CIP program.

 

Office

 

Phone: (941)756-5700

Email

Hilda Kennedy

Ms. Kennedy is the President and Founder of AmPac Tri State CDC; a nonprofit economic development corporation certified by the United States Small Business Administration to provide SBA guaranteed 504 loans for new and growing small businesses. AmPac is the SBA’s first faith-based certified lender in the country. AmPac Tri State CDC is a member of the National Association of Development Companies (NADCO), a Board Member of the Risk Management Association – Inland Empire Chapter, Past President, National Association of Women Business Owners – CA – Public Policy Director; National Association of Women Business Owners – Inland Empire, and has strong relationships with a number of banks, investors and non-traditional lenders.

 

Local Government

 

Ms. Kennedy spent twelve years working in local government and community lending. As the Director of Economic and Business Development for the City of Inglewood, Ms. Kennedy established and implemented a $45 million loan fund with funds from the U. S. Department of Housing and Urban Development and matching funds from Federal Home Loan Bank of San Francisco member banks. During her tenure in Inglewood, she also served as Chief of Staff to the Mayor of Inglewood and the City Administrator; and as the City’s Public Information Officer where she was involved in coordinating City-wide events.

Educational Background

 

Ms. Kennedy graduated from the University of California at Berkeley with a degree in Psychology and completed a post-graduate fellowship with the Coro Foundation in New York City, New York. Kennedy and her Coro Foundation completed a study for D. C. staffers on how the U. S. can provide quality, affordable health care to all Americans.

Recognition

 

Ms. Kennedy was named Woman of the Year by Senator Gloria Negrete McLeod, was elected as Women in Business Champion by the U.S. Small Business Administration, served on the U.S. Small Business Administration Council on Underserved Communities; received the NAWBO ANITA; and has been recognized by countless other organizations.

Contact

 

Phone: (909)915-1706

Fax: (909)752-3140

Email

Frances M. Brandt

Ms. Brandt is CIDC's Administrative Officer. Her responsibilities include monitoring administrative operations, liaison to the Board of Directors, human resource management, day to day oversight of ongoing projects, and management of accounts receivable and accounts payable. Ms. Brandt is a graduate of Hartwick College in Oneonta, New York. She has strong administrative experience including putting together loan applications, and analyzing and developing financial worksheets.

Board of Directors

A member of the Board since 2002, Ms. Brandt first became interested in the challenges of the modern urban community in high school when she was employed as a Lifeguard and Water Safety Instructor serving inner city children. She continued to be aware of and concerned about the social, economic, and cultural issues of the low and moderate-income constituencies of society. Ms. Brandt brings to the Board a solid background in business Management and non-profit knowledge.

Community / Civic Activities

2016 - 2018: Treasurer, Lakewood Ranch Gymnastics Parents Club, 501(C)3

2006 - 2009: Member, Greater Reading Chamber of Commerce

2005 - 2009: Member, JCC Board of Directors, Reading PA., as well as Treasurer of the Executive Board, and Member, JCC Early Education Committee

Contact

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