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(a) The Working Group shall consist of nine members as follows:
(1) Seats 1-3 shall be held by technical experts in financial institutions, each of whom shall have expertise in at least one of the following: Community Development Financial Institutions; credit unions, as defined in Section 165 of the California Financial Code; small banks or intermediate small banks, as defined in Section 25.12(u) of Title 12 of the Code of Federal Regulations; bank or lending entity formation or business planning; or financial institution regulatory compliance.
(2) Seats 4-7 shall be held by community representatives, each of whom shall have a commitment to economic, gender, and racial justice; a commitment to serving low-income communities, communities of color, immigrant communities, and organized labor; and experience in at least one of the following: affordable housing financing or policy; Local Enterprise lending; consumer or student lending; or environmental justice, with experience in areas such as zero-emission renewable energy sources, energy efficient building design, or sustainable food systems.
(3) Seat 8 shall be held by the Controller or the Controller’s designee.
(4) Seat 9 shall be held by the Treasurer or the Treasurer’s designee.
(b) The President of the Board of Supervisors shall nominate and the Board of Supervisors shall appoint Seats 1-7.
(Added by Ord. 87-21, File No. 210078, App. 7/2/2021, Eff. 8/2/2021)