Empowering the Next Generation of Black Leaders: An Interview with Tobias Brown, Marketing & Communications Intern

As students across the country return to school, we are reminded of the rich legacy and vital role that Historically Black Colleges and Universities (HBCUs) play in empowering future Black leaders.  

Last year, the African American Alliance of CDFI CEOs partnered with Local Initiatives Support Corporation (LISC) to support the next generation of leaders in the economic development space. Through this partnership, we provided valuable experience and mentorship to students from HBCUs by placing them with our member CDFIs. The Alliance itself has greatly benefited from this program; an example is through the work of Tobias Brown now serving as our Marketing & Communications intern since April 2024. 

Tobias Brown is a shining example of the talent and drive that HBCUs cultivate. His internship at The Alliance has not only supported our mission but also helped him grow personally and professionally.  

As part of our celebration of HBCUs, we sat down with Tobias for a Q&A to learn more about his experience and the impact his HBCU education had on his journey. 

Q: Can you share what you’re studying and tell us a bit about your HBCU? 

Tobias: I’m a senior at Morehouse College, majoring in Political Science with a Pre-Law focus and minoring in Business. Morehouse is a historically Black college that has played a significant role in shaping African American leaders for generations. Being at Morehouse is like being part of a rich legacy that pushes me to strive for excellence, both academically and personally. 

Q: What motivated you to choose an HBCU for your education? How has attending an HBCU shaped your personal and professional development? 

Tobias: I chose to attend an HBCU because I believe that every African American should have the opportunity to be molded in an environment that is specifically designed for them. Growing up in a rural, poverty-stricken area as a first-generation college student, I knew that an HBCU would provide the support and community I needed to excel. Morehouse has given me the chance to forge meaningful relationships and access opportunities that I might not have had elsewhere. 

Attending an HBCU has been transformative for me. It has not only provided a nurturing environment but also a platform to engage with like-minded individuals who are passionate about social justice and leadership. Morehouse has empowered me to pursue my goal of becoming a Federal Prosecutor, working to reform the legal system and fight against mass incarceration, particularly the biases against Black men. 

Q: Can you tell us about your experience interning for a CDFI and for The Alliance? How did you become involved in interning at a CDFI, and what drew you to this opportunity? 

Tobias: My experience interning for a Community Development Financial Institution (CDFI) and for The Alliance has been incredibly rewarding. I became involved in the CDFI internship through my desire to contribute to the economic empowerment of marginalized communities. The opportunity to work with a CDFI allowed me to combine my passion for social justice with practical financial tools to help underserved populations. The Alliance internship, on the other hand, aligned perfectly with my career aspirations by providing exposure to African American CEOs and professionals. 

Q: How has serving as an intern for a CDFI and for The Alliance influenced your academic and career goals? 

Tobias: These internships have solidified my commitment to using my legal education to advocate for systemic change. Working with a CDFI has shown me the importance of economic development in creating long-term, sustainable communities, which is a perspective I will carry into my legal career. My first time interning for a CDFI, Albany Community Together, INC. my understanding of the intersection between law, policy, and community advocacy. Interning with the Alliance has helped me connect with African Americans in the financial sector that can provide me with mentorship and guidance. 

Q: What specific skills or knowledge have you gained from your internship with a CDFI? 

Tobias: Through my internship with a CDFI, I gained valuable skills in financial analysis, community outreach, and understanding the regulatory environment for financial institutions. I also learned about the critical role that CDFIs play in providing access to capital in communities that are often overlooked by traditional financial institutions. 

Q: How do you see the mission and values of CDFIs aligning with those of HBCUs? 

Tobias: The mission of CDFIs to support economic development in underserved communities aligns closely with the values of HBCUs, which focus on educating and empowering African American students to be leaders in their communities. Both are committed to creating opportunities and reducing disparities, making them natural partners in fostering community growth and development. 

Q: How can internships like yours help foster a stronger connection between CDFIs and HBCU students and graduates? 

Tobias: Internships like mine can serve as a bridge between CDFIs and HBCUs by providing students with hands-on experience in community development finance. These internships can also highlight the importance of economic empowerment in social justice, encouraging more HBCU students to consider careers in this field. Strengthening this connection can lead to more collaborative efforts to support underserved communities. 

Q: What advice would you give to prospective students considering attending an HBCU and interning for a CDFI? 

Tobias: I would advise prospective students to embrace the unique experience that an HBCU offers. It’s a place where you can grow both personally and professionally while being surrounded by a supportive community. If you’re passionate about social justice and economic empowerment, interning at a CDFI can provide you with the skills and knowledge needed to make a real impact. Don’t hesitate to seek out these opportunities—they can be life-changing. 

A spotlight on Germaine McIver-Cherry

It is our pleasure to introduce Germaine McIver-Cherry, Senior Program Director at the African American Alliance of CDFI CEOs. Germaine brings a wealth of experience and expertise to her role, having spent years managing a diverse portfolio of programs with a strong focus on capital access for organizations within the economic development ecosystem. Before joining the Alliance, Germaine served as the Innovation Portfolio Manager with the Association for Enterprise Opportunity (AEO), where she honed her skills in driving impactful initiatives.

Germaine is a proud alumna of North Carolina Central University, where she earned both her bachelor’s and master’s degrees in social work. Her dedication to social justice and community development is evident not only in her professional work but also in her personal values and commitments.

We talked to Germaine and here’s what she had to say:

  • How long have you been with the Alliance?  My journey with the Alliance family began November 15, 2022.  I had previously worked for over 5 years under the leadership with Mr. Long and several colleagues so it was like I was returning “home.”
  • What is your educational background? I am a servant and a helper so naturally I chose to pursue a degree, actually TWO degrees, in Social Work.  I obtained my Bachelor’s degree in 2013 and in 2016, I returned to the wonderful and BEST HBCU in the land, North Carolina Central University (#EaglePrideAMPLIFIED), and graduated the inaugural Master’s Advanced Standing MSW Program which is an intensive one-year option for students with an undergraduate degree in social work from an accredited institution.
  • What is your dance song?  If I am honest, I cannot dance.  A seated two step is the best that I can do at this age, lol, BUT my dance song currently is “They Not Like Us” and I have been practicing my “G-Walk” for about a month now.
  • Who is your celebrity inspiration? My celebrity inspiration is and has been for decades is the late Tupac Amaru Shakur.  What I admire most about Tupac was his authenticity and realness…gotta love it.  His lyrical content oftentimes addressed social injustice and inequities, violence, and the marginalization of African-Americans.  IMO, he is the GOAT in hip-hop.
  • What car would describe your personality? Although I am team #Lexus for life, I am would say the Jaguar best describes my personality as its brand and leaping emblem boasts grace, power, and agility.

We are lucky to have you, Germaine! Your energy and realness is contagious!

Championing Black Female Leadership: Stacy Rhone and BiGAUSTIN’s Journey

As part of our mission to empower Black CDFI CEO members, The Alliance’s Women-Led Initiative addresses the unique capacity building needs of our Black female CEO members who systemically face racial and gender resource inequities. Each newsletter we will highlight the successes of our Black female CEO members. Our next success story is from Stacy Rhone, President and CEO of BiGAUSTIN.

Founded in 1992, BiGAUSTIN is a non-profit organization dedicated to empowering the low-income and minority communities in Austin, Texas, through economic and community development. Initially a section within the City of Austin’s Department of Neighborhood Housing and Community Development, BiGAUSTIN’s impact grew significantly by 1995, leading it to become a separate agency better able to serve the Black community’s economic and community needs. 

Under Stacy’s leadership, BiGAUSTIN has achieved significant milestones including earning certifications as a Community Development Entity (CDE) and Community Development Financial Institution (CDFI), as well as distinctions as an SBA Lender and SBA Women’s Business Center. These accomplishments enable BiGAUSTIN to offer microlending, education, and training programs that support the growth of small businesses and encourage affordable housing initiatives. These programs allow BiGAUSTIN to help borrowers like Sue Spears change their lives and preserve their legacy.

To ensure that BiGAUSTIN remains competitive, Stacy joined the Alliance in 2021. The wealth of resources available, networking, and capacity-building opportunities for her and her team have been invaluable. Stacy’s experience at the Alliance’s 2023 Annual Meeting and Conference, inspired her to launch BiGAUSTIN’s Legacy program, designed to help African Americans maintain, renovate, and build property. The program works to prevent predatory development, reduce property taxes for aging residents, and provide property tax loans that can become reconstruction loans. Through this and other efforts, BiGAUSTIN continues to make a profound impact on the community. 

The Alliance is excited to see what Stacy and BiGAUSTIN do next.

To learn more about the Women-Led Initiative click here

A Spotlight on Nia Jones: Environment & Climate Director

Meet Nia Jones, the African American Alliance of CDFI CEOs’ dynamic Environment and Climate Director, affectionately known as the “Energy Queen.” Nia has been with the Alliance for just 90 days, but her enthusiasm and expertise make it feel like she’s been a part of the team for much longer. With a rich educational background and a passion for sustainable development, Nia is dedicated to advancing renewable energy and climate initiatives within marginalized communities.

Q&A with Nia Jones:

  • How long have you been with the Alliance? Only 90 days but feels like half a year! 
  • What is your educational background? My education journey started at McKinley Technology STEM High School where I studied biotechnology. After that, I attended Clark Atlanta University where I participated in the dual degree engineering program (DDEP) and studied interdisciplinary science with a minor in mathematics. After 3 years at CAU, I transferred to Northeastern University where I graduated with a BS industrial engineering with a minor in law & public policy. I obtained my MA from the University of California, Berkeley in the energy & resources group where I focused on engineering education, community engagement, and renewable energy technologies in low-income marginalized areas.
  • What is your favorite thing to discuss when talking about energy and climate? My favorite things to discuss are all things renewable energy and sustainable development! Sustainable development is development that meets the needs of the current generation without compromising the needs of the future generations. For renewable energy offshore wind, enhanced geothermal, and agrivoltaics are essential for building our sustainable future. 
  • What is your “calming down” song? My calming down song is “Don’t You Worry Bout a Thing” by Stevie Wonder.
  • Where is your favorite place to vacation? My favorite vacation spot is Dubai! There is a lot to see and do so it makes traveling there exciting! 

Nia was also recently featured on the Wood Mackenzie Energy Gang podcast.In her interview, Nia discussed the critical importance of partnerships and cooperation among businesses, governments, and non-governmental organizations to advance the energy transition. She highlighted our organization’s ongoing efforts to deliver renewable energy to those who might not otherwise have access to it and the Justice Climate Fund.

Nia Jones’ journey and insights are a testament to her dedication to environmental sustainability and community empowerment. Her work with The Alliance is paving the way for innovative energy solutions and sustainable development. We’re excited to see the positive impact she will continue to make in the field. Thank you, Nia, for sharing your story and passion with us!

A Spotlight on Laudz Jean-Jacques: Sr. Program Director

This week, we’re spotlighting Laudz Jean-Jacques, Sr. Program Director. Laudz has been with The Alliance for two years. In her role, she supports the Women-Led Initiative and African American Equity Impact Scorecard programs. Laudz brings over 8 years of experience from government and non-profit organizations working with Economic Development programs.

We talked to Laudz, and here’s what she shared with us about herself:

  • What is your educational background? MBA,Marketing Strategy, Florida International University, BA, Interperonal/ Organizational Communication, University of Central Florida.
  • What do you enjoy about working in the CDFI industry? My entire career has focused on improving economic opportunities in underserved communities. I enjoy working in the CDFI industry because it aligns with my core values and allows me to make a meaningful social impact. Contributing to economic justice and equity is incredibly rewarding, especially because the projects funded by CDFIs are catalytic in creating generational wealth. These initiatives not only transform communities but also empower individuals and families, making the work profoundly fulfilling.
  • What are your go to binge-watching show(s)? I don’t enjoy binge watching TV, but below is a lis of what I’m currently watching : House of Dragons, Presumed Innocent, The Bear, Queenie.
  • What is your favorite childhood memory? My favorite childhood memories are spending summers with family in Haiti. I always reminisce about the vibrant Haitian markets, filled with colorful art, lively music, and the best street food. I loved picking and eating the most delicious mangoes, coconuts, and avocados from our trees, feeding and chasing the chickens and goats in the backyard, enjoying fresh hot chocolate and Haitian sourdough bread for supper, and traveling to the countryside and beaches with my aunts and cousins. Carefree island living—it was a wonderful time.

We love having Laudz on the team. Her energy is contagious, and we can’t wait to see all the great things she continues to do!

A Spotlight on Eleanor Reid: VP of Development at The Alliance

This week we’re excited to spotlight our very own, Eleanor Reid!

Eleanor Reid is VP of Development at the African American Alliance of CDFI CEOs! With over 20 years of C-level consulting experience and a successful track record of raising over $30 million for CDFIs, Eleanor is a powerhouse in fundraising and relationship building.

Here are some fun facts about her:

  1. How long have you been with the Alliance? 3 years next month.
  2. What is your educational background? B.S. Metallurgical Engineering and Materials Science, MBA and Doctoral Candidate in Ministry.
  3. What is your favorite memory working with the Alliance? I love that I get to tell the story of the Alliance, including its members and our work, while expressing with passion the need for continued support of our mission that in the end benefits all people in this nation, no matter their race.
  4. If you followed your childhood dream, what would your current career be? I would continue to write books to help people recognize and fulfill their life purposes. Helping others in any way I can is what I love to do.
  5. Can you share a fun fact about yourself? Fun? Hmmm. What is that? But seriously, I love escape rooms and solving mysteries.

We’re very lucky to have Eleanor on the team!

African American Alliance of CDFI CEOs Unveils Housing Initiative Roadmap in Honor of National Homeownership Month 

Roadmap Aims to Address Housing Justice for BIPOC Communities  

ORLANDO, FL – In recognition of National Homeownership Month, the African American Alliance of CDFI CEOs (The Alliance) unveils its pioneering Housing Initiative Roadmap, aimed at empowering BIPOC (Black, Indigenous, and People of Color) communities in their pursuit of housing justice. Developed with support from the Melville Charitable Trust (The Trust) and in collaboration with Cappelli Consulting, this comprehensive roadmap marks a significant milestone in our commitment to eradicate policies that perpetuate racial housing instability. 

The Housing Initiative Roadmap embodies The Alliance’s unwavering dedication to dismantling systemic barriers and fostering equitable, and inclusive housing opportunities. By providing Alliance members with comprehensive access to essential resources, tools, and strategies, we are catalyzing transformative change and advancing social equity in the housing sector. 

“Housing justice is fundamental to achieving true equity and inclusion,” said Lenwood V. Long, Sr., CEO of The Alliance. “Our Housing Initiative Roadmap is a testament to our collective determination to address the disparities facing BIPOC communities and ensure that every individual has access to safe, affordable, and dignified housing.” 

“The state of housing for Black America has been challenging. To help communities of color build generational wealth and repair the harms of structural racism, we must focus on housing stability. As community development financial institutions (CDFIs) we can play an important role in leveling the playing field,” said Donna Gambrell, Alliance Board Chair and President & CEO of Appalachian Community Capital

The Alliance Housing Initiative aims to overcome housing justice obstacles and change the narrative on housing in BIPOC communities. The goals of the Housing Initiative Roadmap include empowering members to advocate for anti-racist housing policy reform at the federal, state, and local levels, encouraging members to adopt best practices that increase housing opportunity and improve housing stability in Black and brown communities, and strengthening the capacity of members to develop, deliver, and evaluate effective anti-racist housing programs. 

“We cannot end homelessness without major investments in housing. This roadmap outlines key strategies to strengthen Black-led CDFIs and to accelerate the critical investments in advocacy and capacity needed to build a more equitable housing system,” said Alyia Gaskins, Senior Program Officer at the Melville Charitable Trust.  

“We cannot close the racial wealth gap and address the inequities without major interventions in the housing development system. To this end, we must strongly advocate for a housing system that centers the needs of BIPOC communities,” said Marshall Crawford, Alliance Board Member and President and CEO of The Housing Fund. “This roadmap is just the beginning of The Alliance and our partners efforts to create a more just housing system.”  

“Black-led CDFI’s are some of the most essential institutions driving resources and solutions to struggling communities most affected by disinvestment and economic exploitation across the country in both urban and rural America. Our organizations, however, are affected by many of the same policies that drive lack of resources and the wealth gap in the communities we serve.  This Roadmap establishes a strategic plan for the Alliance to advocate for and secure the policies and resources members need to help build thriving communities of color nationwide,” said Anthony Simpkins, Alliance member and President and Chief Executive Officer of Neighborhood Housing Services of Chicago, Inc. 

As we embark on this journey, The Alliance invites stakeholders, policymakers, and community members to join us in our collective pursuit of housing justice for all. Over the coming months, The Alliance will collaborate with leaders and advocates in the housing industry to deliver impactful housing programs to our members. Together, we can create a future where every individual, regardless of race or background, has access to safe, affordable, and stable housing. 

To learn more about the Alliance Housing Initiative Roadmap and get involved in our efforts, visit please visit  http://www.aaacdfi.org

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African American Alliance of CDFI CEOs  

The African American Alliance of CDFI CEOs, known as “The Alliance,” is a membership organization consisting of 79 CEOs from Black-led Community Development Financial Institutions (CDFIs). These institutions include loan funds, credit unions, venture capital firms, and non-profit developers. Since its establishment in 2018, The Alliance’s extensive network has provided services across all 50 states and the District of Columbia. To learn more about The Alliance and its programs, please visit http://www.aaacdfi.org.    

Media Contact:  

Alisha Brown / African American Alliance of CDFI CEOs  

[email protected] / 901-849-0820  

Statement on the 11th Circuit Court’s Ruling Against the Fearless Fund

The recent decision by the 11th Circuit Courts to reverse the lower court’s ruling and block the Fearless Fund from issuing grants to Black women entrepreneurs is not just a legal setback – it is an outrage and a direct assault on economic justice and the fight against persistent racial and gender inequities in America.

Black entrepreneurs, especially Black women entrepreneurs, are the backbone of innovation and resilience in our economy. Yet, they continue to face barriers that limit their potential. In 2022, women-founded companies received a pitiful 1.9 percent of venture capital (VC) funds, and an abysmal 0.1 percent went to founders of color, according to McKinsey & Company. Programs like the Fearless Fund’s grant contest represent hope and opportunity for these entrepreneurs who have historically been denied access to the capital and resources needed to thrive in today’s business environment.   

The group behind this attack on the Fearless Fund, has revealed its true motives: a desire to maintain inequality and crush the dreams of those daring to reach beyond imposed barriers. This court decision highlights a growing hostility towards Diversity, Equity, and Inclusion (DEI) initiatives.

We stand firmly with the Fearless Fund. We support Fearless Fund’s legal battle and will continue to champion the rights of Black entrepreneurs. DEI is not a trend, but a fundamental necessity for a just and equitable society. As Dr. Martin Luther King Jr. said, ‘Our lives begin to end the day we become silent about things that matter.’  We cannot be silent, as too much is at stake in the fight for equality and economic justice.

We hope that when this case is finally resolved, our justice system will rule on the side of equity, reaffirming the principles of fairness and inclusion. This fight is far from over, and we remain steadfast in our commitment to justice.

Be Steadfast!

Lenwood V. Long, Sr, Chief Executive Officer – African American Alliance of CDFI CEOs