Cinnaire, a nonprofit Community Development Financial Institution (CDFI) that has provided more than $3.9 billion in community development funds in the past 25 years, has named Susan Frank executive vice president, Business Development. In this new position, Frank will be responsible for directing the company’s growth strategy throughout Cinnaire’s nine-state footprint, including community development initiatives, equity and debt. Frank has been involved in the affordable housing and community development industry for more than 25 years.

Frank joined Cinnaire in 2014 as senior vice president managing business development in the MidAtlantic region. Prior to that, she was with Fannie Mae, most recently as director of Customer Account Management in the organization’s Multifamily Mortgage Business. Previous positions with Fannie Mae included managing the company’s CDFI product and the Delaware Community Investment Center. She served as the executive director of the Delaware State Housing Authority (DSHA) from 1993-2000. During that time, she was a member of the Governor’s Cabinet and the Governor’s Family Services Cabinet Council. Prior to serving as executive director at DSHA, Frank was the Chief Legislative Advisor to then-Rep. Tom Carper (D-DE) on all matters before the U.S. Housing of Representative’s Banking Committee and Housing Subcommittee.

Frank earned her B.A. from the University of Delaware. She is the Board Chair for the Fort DuPont Redevelopment and Preservation Corporation and serves on the board of the Wilmington Neighborhood Conservancy Land Bank, the Todmorden Foundation, TD Bank’s Leadership Council, as well as the First State Community Loan Fund’s Market Street Corridor Revitalization Fund Review Committee and State Bank Commissioner’s Financial Literacy Grant Review Committee.