About Us

The Reinvestment Task Force was created by the City and the County of San Diego to monitor local banking practices and recommend lending strategies that benefit low- and moderate-income residents. Local banks are monitored for the percentage of deposits each reinvests back into the community through small-business loans, affordable housing development, and mortgage loans to residents in lower-income neighborhoods.
 
The Task Force also monitors local economic data to track trends in consumer debt, housing costs and home mortgages. It can intervene in bank mergers and negotiate with lenders in the region to develop reinvestment plans that benefit underserved communities. It provides a forum for discussion of community investment-related issues at its monthly meetings, and serves as a convener for collective action projects that focus and increase investment in communities around the county.
 
The Task Force is an outgrowth of the federal Community Reinvestment Act, which was enacted in 1977 to reduce discriminatory credit practices, also known as redlining, in low-income neighborhoods. The Task Force is funded by the County and the San Diego Housing Commission.
 
It is jointly chaired by a member of the San Diego City Council and the County Board of Supervisors. The two co-chairs appoint 13 Task Force members representing five lending institutions, five community organizations, and the North, East and South parts of San Diego County.

 

Task Force Members

Co-Chair
Barbara Bry
San Diego City Council
 
Antonio Barbosa
Wells Fargo
 
Chi Elder
Citibank
 
Rockette Ewell
US Bank
 
Ricardo Flores
Local Initiatives Support Corporation (LISC)
 
Rossina Gallegos
Union Bank
 
Kyra Greene
Center on Policy Initiatives (CPI)
Co-Chair
Ron Roberts

County Board of Supervisors
 
Laura Nunn
San Diego Housing Federation
 
Elizabeth Schott
ACCION San Diego
 
Andrea Sorce
International Rescue Committee
 
Cher Stingo
JP Morgan Chase & Co.
 
Krista Torquato
Bank of America
 
Adolfo Ventura
MAAC Project

 

Task Force Staff

Daisy Gordon Crompton
RTF Manager
San Diego Housing Commission