Michael Banner

President and CEO
Los Angeles LDC, Inc.
Los Angeles, California

Term: July 1999-June 2006

Michael Banner is the President and CEO of the Los Angeles LDC, Inc. a nonprofit community development financial institution that is dedicated to providing capital to catalytic commercial real estate development projects in the emerging or underserved low-income communities throughout Southern California. He has been active in the field of community development finance and bringing capital into low-income communities since 1988.

Under his leadership, the LDC has arranged $50 million of financing for community development transactions by creating unique public-private financing partnerships and programs. Banner is a recognized leader in the efforts to utilize securitization techniques to establish a viable national secondary market for community development mortgage-backed assets. From 1995-1997, he served as the primary financial advisor to the Mayor’s Office of Economic Development during the Riordan administration while providing capital and financial advisory services to developers and businesses that were the focus of the retention and expansion efforts of LA’s Business Team.

Banner has served on numerous boards and commissions including the board of commissioners of the Housing Authority of the City of Los Angeles, Business Tax Advisory Committee, New Markets Tax Credit Coalition, Community Development Technologies Center-Merrill Lynch Advisory committee, Los Angeles Trade Technical College & Fannie Mae Foundation Mortgage Finance Program, Minority Program in Real Estate at the Lusk Center at the University of Southern California, California Reinvestment Committee and Community Reinvestment Fund.

Banner is a graduate of the inaugural class of the Minority Program in Real Estate at the USC Marshall School of Business and holds a degree in Business Administration from Loyola Marymount University.