Bank of America 1998 Annual Report Download - page 11

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9
Fay Darmawi came to the Community Development Banking Group in 1994 after experience with
a nonprofit housing development corporation in Hayward, California. She now works with nonprofit
developers in the San Francisco area to customize financing for affordable housing projects.
“Affordable housing deals are so complex and unique that it takes all our expertise to come up
with financial solutions. That’s why it’s so important that the people on our team come from such
diverse backgrounds. We understand the needs of development firms, nonprofit organizations and
other lenders, because we’ve been there. The fact that we have all these people from different
backgrounds helps us think out of the box. We have so many different points of view and we’re
constantly questioning each other and pushing each other to think of new ways to do things.
“It’s so natural for us to be open to ideas from the developer community because we are part
of the community. When we leave our offices at night, a lot of us go to nonprofit board meetings,
city commissions, do volunteer work. We see how everything links together. Now that the bank
is much larger, we touch even more areas, and therefore we can influence economies as well as
public policy to improve the environment in which we’re lending, and to increase our investment
in communities.”
Fay Darmawi of Community Development
Banking and Maurice Miller of Asian
Neighborhood Design in San Francisco.