Wacif Announces Leadership Transition

WACIF Announces Leadership Transition

Executive Director Timothy Flanagan to step down in 2016.

Washington, D.C. (June 25, 2015) — WACIF’s Board of Directors announces that Mr. Timothy Flanagan has decided to step down as Executive Director in early 2016. The Board is extremely proud of Mr. Flanagan’s achievements during his nearly 10-year tenure at WACIF. The organization will begin actively searching for a new Executive Director in September.

“We are proud of Tim’s work,” said Ian Joseph, Chairman of WACIF’s Board, “Under Tim’s leadership our loan portfolio has grown twofold, and our loan fund revenue has tripled.  While we are sad that Tim will be leaving us, we look forward to building upon the legacy he is leaving behind.  The Board, Staff and I are committed to continuing WACIF’s mission to encourage entrepreneurship, small business ownership, affordable housing, and job creation in underserved communities”

Mr. Flanagan plans to spend more time with family. “I truly enjoyed my time at WACIF.  I am overwhelmingly proud of the board and staff and all we’ve accomplished together over the past several years. Most notably, hundreds of jobs have been created through millions of dollars lent. Entrepreneurship and community development are in my blood and will surely drive the next phase of my professional life. I am ready for new challenges that continue the growth I’ve had at Wacif. My commitment to Wacif and its mission will remain steadfast, as I look to become Wacif’s newest donor and investor!”

About WACIF:

Founded in 1987, WACIF is a regional leader in micro-lending. WACIF is a nonprofit community development loan fund whose mission is to empower underserved communities and individuals in the Washington, DC metropolitan area by providing access to capital and technical assistance to small businesses, childcare centers, affordable housing developers, and community organizations

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