FHLBank San Francisco Names Three to Affordable Housing Advisory Council and Reappoints Four Current Members

SAN FRANCISCO – February 4, 2016 – The Board of Directors of the Federal Home Loan Bank of San Francisco is pleased to announce the following appointments to its Affordable Housing Advisory Council (AHAC): David Adame, Diana Yazzie Devine, and Elizabeth Moore. The Bank also reappointed four current members: Jasmine Borrego, Donald S. Falk, Dean Matsubayashi, and Douglas Shoemaker. The 15-member AHAC provides the Bank with expert guidance on affordable housing and economic development issues and helps shape its community grant and credit programs.

New Members:

David Adame – President and Chief Executive Officer, Chicanos Por La Causa, Inc., Phoenix, Arizona

David Adame is president and chief executive officer of Chicanos Por La Causa, Inc. (CPLC), the largest community development corporation (CDC) in Arizona and the third largest Hispanic CDC in the country. Since joining CPLC as chief economic development officer in 2008, he has raised over $250 million in resources from government agencies, corporations, and foundations and completed 12 real estate development projects valued at $60 million across Arizona. Prior to his tenure at CPLC, Mr. Adame served as vice president of Arizona operations for McCormack Baron Salazar, Inc, and as senior deputy director for Fannie Mae in its Arizona Partnership Office. Mr. Adame is a past chairman of the Arizona Housing Commission and holds a B.S. in Business from Arizona State University (ASU) and an MBA from the ASU School of Global Management.



(l-r) David Adame, Chicanos Por La Causa; Diana Yazzie Devine, Native American Connections

Diana Yazzie Devine – President and CEO, Native American Connections, Phoenix, Arizona

Diana Yazzie Devine has been working with Native American urban and tribal entities since 1972 and has served as CEO of Native American Connections (NAC) since 1979. NAC is a Native American-operated nonprofit corporation that provides comprehensive behavioral health, affordable housing, and community development services to all populations with a targeted mission to serve Native Americans living both in the Phoenix urban area and in tribal communities. NAC offers innovative, research-based behavioral health counseling and substance abuse treatment that is integrated with Native American cultural and traditional healing practices. Ms. Devine is a founding board member of Native Home Capital and People of Color Network and currently serves on the advisory boards of St. Joseph’s Hospital and Medical Center, Maricopa Integrated Health System Audit and Compliance, City of Mesa Housing, and Arizona State University Lodestar Center for Philanthropy & Nonprofit Innovation. She previously served on the AHAC from 1996 to 2006. Ms. Devine has an MBA from Arizona State University and holds international and state licenses for substance abuse counseling.

Elizabeth Moore – Managing Member, Elizabeth Moore and Associates, Reno, Nevada

Elizabeth Moore brings 29 years of affordable housing experience to her company, Elizabeth Moore and Associates. Ms. Moore started her housing career as an executive director of a nonprofit housing development corporation overseeing 34 employees involved in self-help homeownership, multifamily housing development, housing rehabilitation, and community facilities programs. Ms. Moore brings 20 years’ experience as a commercial banker specializing in community development financing, most recently at Morgan Stanley Bank where she was responsible for originating, closing, and managing $110 million in loan volume and portfolio management. She holds a B.A. and a Master’s degree, both in Public Administration, from California State University, Chico.

Reappointed Members:

Jasmine Borrego – President, TELACU Residential Management and TELACU Property Management, Los Angeles, California

Jasmine Borrego has served as president of TELACU’s Residential and Property Management divisions since 1999. She oversees a portfolio of TELACU’s affordable housing units located throughout Los Angeles, San Bernardino, Riverside, and San Diego counties, and directs all property management employees serving the housing and social service needs of a highly diverse lower-income resident population. Before joining TELACU, Ms. Borrego held management positions at the Retirement Housing Foundation, ALM Management, Inc., and HDSI Management.  Ms. Borrego serves on the boards of White Memorial Medical Center, the Association of Housing Management Agents, Aging Services of California, and Leading Age.

Donald Falk – Executive Director, Tenderloin Neighborhood Development Corporation, San Francisco, California

Donald Falk is executive director of Tenderloin Neighborhood Development Corporation (TNDC), a nonprofit housing organization that has been providing affordable housing and life-enhancing supportive services to low-income individuals and families in San Francisco’s Tenderloin and adjacent neighborhoods for over 25 years. He began his tenure as executive director in October 2005. Previously, he served as TNDC’s director of housing development for 11 years, playing a principal role in guiding the organization through a period of significant growth as its portfolio of properties increased from 9 to 23 buildings. Mr. Falk served for seven years on the board of directors of the Nonprofit Housing Association of Northern California and is currently a member of the Enterprise Network Advisory Board and the San Francisco Planning + Urban Research Association Housing Policy Task Force. He holds an M.A. in Public Policy from the University of California, Berkeley, and earned a B.A. with honors in Economics and Urban Studies from Oberlin College.

Dean Matsubayashi – AHAC Vice Chair and Executive Director, Community Economic Development, Little Tokyo Service Center Community Development Corporation, Los Angeles, California

Dean Matsubayashi is the executive director of community economic development for the Little Tokyo Service Center Community Development Corporation (LTSC CDC), a 33-year-old neighborhood-based social service and community development organization. He oversees a staff of 26 individuals working in the organization’s real estate development, community organizing and planning, asset and property management, community technology, and small business assistance programs. LTSC CDC has developed over 650 units of affordable housing and over 120,000 square feet of commercial and community facility space. Mr. Matsubayashi currently serves on the board of directors for the Coalition for Responsible Community Development and the National Coalition for Asian Pacific American Community Development. He also serves on the Southern California Community Advisory Board for JPMorgan Chase.

Douglas Shoemaker – President of Mercy Housing California, San Francisco, California

Douglas Shoemaker is President of Mercy Housing California (MHC), the largest division of Mercy Housing, Inc. Under his leadership, MHC has developed 128 rental properties across 36 California counties to serve low- and very low-income families, seniors, and individuals, and developed more than 10,000 affordable rental and homeownership units. Currently over 3,000 affordable homes are in development in Los Angeles, the San Francisco Bay Area, and the Sacramento Valley. Mr. Shoemaker serves on the board of directors of the California Housing Consortium, the San Francisco Planning + Urban Research Association (SPUR), and the Northern California Leadership Council for Enterprise Community Partners.

Federal Home Loan Bank of San Francisco

The Federal Home Loan Bank of San Francisco delivers low-cost funding and other services that help member financial institutions make home mortgages to people of all income levels and provide credit that supports neighborhoods and communities. The Bank also funds community programs that help members create affordable housing and promote community economic development. The Bank’s members are headquartered in Arizona, California, and Nevada and include commercial banks, credit unions, industrial loan companies, savings institutions, insurance companies, and community development financial institutions.