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David Clower

Executive Vice President for Strategic Investments

 

David G. Clower, RDF’s Executive Vice President for Strategic Investments, previously served as RDF’s Chief Investment Officer and its Chief Credit Officer.  He joined in 2010 with over 20 years of commercial and investment banking experience across commercial real estate, venture-debt, private equity, alternative and socially responsible, impact investment platforms.

In his current role, David is responsible for concepting new strategic initiatives; and designing, vetting, and commercializing innovative and scalable community development financial products and services including the establishment of a mission-driven, third-party asset management platform.

Mr. Clower currently serves as the Vice Chair of the National Trust Community Investment Corporation (“NTCIC”); Chair of its Audit, Finance & Risk Committee; and Member of its Investment Committee.  He also serves as Chairman of the Community Development Advisory Board for Quontic Bank, New York-based, CDFI depository, as Chairman of the Phoenix Conservatory of Music’s Board of Directors and is a member of the Petros Community Impact Fund Board of Directors.

Mr. Clower previously served as an Executive Committee Member of the New Markets Tax Credit Coalition’s Board of Directors, the Bank of America Merrill Lynch Community Advisory Board, and the Association of Latino Professionals for America – Phoenix Chapter Corporate Advisory Board.

He is a multi-national with dual citizenship in the United States and México.  He studied Applied Economics at the University of San Francisco; Commercial Real Estate Finance at the Massachusetts Institute of Technology; and Strategic Business Leadership at the University of Chicago Booth School of Business.

Accomplishments:

  • Served as Executive Committee Member of the New Markets Tax Credit Coalition’s Board of Directors
  • Served on the Bank of America Merrill Lynch Community Advisory Board
  • Served on the Association of Latino Professionals for America – Phoenix Chapter Corporate Advisory Board
Phone 602-417-1400
Raza Development Fund (RDF) is the largest national, Latino-focused nonprofit Community Development Financial Institution (CDFI). Driven by a mission to close wealth and opportunity gaps in Latino and other under-resourced communities across the United States, RDF provides responsible and attainable financial solutions to community-based organizations focused on health, education, affordable housing, climate resilience, homeownership, and entrepreneurship. RDF was founded in 1999 as a support organization to UnidosUS, the nation’s largest Hispanic civil rights and advocacy nonprofit, formerly known as the National Council of La Raza. As a testament to its exceptional financial strength and impact, RDF stands out as one of the few CDFIs with a prestigious AA- S&P rating. Since its inception, RDF has invested more than $1.3 billion across 38 states, leveraging over $6 billion in additional capital.
In accordance with federal law and U.S. Department of the Treasury policy, this institution is prohibited from discriminating based on race, color, national origin, sex, age, or disability. Submit a complaint of discrimination, by mail to U.S. Department of the Treasury, Office of Civil Rights and Equal Employment Opportunity , 1500 Pennsylvania Ave. N.W., Washington, D.C. 20220, (202) 622-1160 (phone), (202) 622-0367 (fax), or email crcomplaints@treasury.gov (email).

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