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Office of the Press Secretary

For Immediate Release October 4, 1995

President Clinton, yesterday, announced his intention to appoint Frank Ballesteros of Arizona, John Litzenberg of Michigan, Clara Miller of New York, and George Surgeon of Arkansas as members of the Community Development Advisory Board.

Mr. Ballesteros presently serves as the Executive Director of Project Portable Practical Educational Preparation (P.P.E.P.)/MICRO Industry Credit Rural Organization of Tucson, Arizona, a non-profit corporation involved in providing credit, management, and technical assistance training programs for low-income micro-enterprises in rural Arizona. He has twenty-two years of experience in the areas of financial management, organizational development, public/community relations, and marketing. Mr. Ballesteros was named by the President as a delegate to the 1995 White House Conference on Small Business. He received his B.S. in Journalism and Public Relations with an emphasis in Marketing from Northern Arizona University in 1972.

Mr. Litzenberg is currently a Program Officer with the Charles Stewart Mott Foundation and is responsible for program development and grantmaking activities for the Foundation's Neighborhoods and Economic Development Program. He is also the underwriter for all program-related investments issued by the foundation. Mr. Litzenberg is credited with developing a grant portfolio that has opened enterprise opportunities to low-income and disadvantaged Americans, and generating capital in poor communities. He received his B.S. in Social Studies from Bowling Green University in 1970, and his M.A. in Urban Studies from the University of Akron in 1973.

Ms. Miller is founder and Executive Director of the Nonprofit Facilities Fund (NFF), a New York-based community development loan fund which finances community facilities such as day care centers, schools, social service agencies, theaters, and places of worship. Ms. Miller and NFF provide management assistance to over 500 nonprofit entities annually. Ms. Miller has gained a national reputation as a leader and innovator in community development and nonprofit finance, and technical assistance. She chairs the board of the National Association of Community Development Loan Funds. Ms. Miller received her Masters degree from Cornell University College of Architecture in 1977 and she completed the Institute for Nonprofit Management at Columbia University Graduate School of Business in 1984. She received a B.A. from the University of New Hampshire in 1972.

Mr. Surgeon is currently the President and Chief Executive Officer of Southern Development Bankcorporation, a bank holding company whose focus is non-traditional development investments in rural Arkansas. Mr. Surgeon directs the bottom line and development performance of all Bankcorporation's companies. Southern Development?s goal is to initiate economic development in rural and other less-developed communities in Arkansas for the benefit of low and moderate income residents. Mr. Surgeon received a B.A. in Sociology from Wesleyan University in 1972 and an M.A. in Sociology from the University of Chicago in 1976.

In their capacity as members of the Community Development Advisory Board they will advise the Administrator of the Community Development Financial Institutions Fund on the policies of the Fund.