Colleen Dailey, the Vice Chair of LEDC's Board of Directors, has been appointed Interim Executive Director of LEDC.
Colleen brings 14 years of experience in the field of community economic development to her new role as LEDC embarks upon a national search for a new executive director.
Click below to read a message from LEDC's Board Chair Jim Taylor on this change in leadership and LEDC’s path forward.
A Message from LEDC Board Chair Jim Taylor
Dear Friends of LEDC:
I'm writing to inform you that effective immediately, Manny Hidalgo is no longer the Executive Director of LEDC.
We want to take this opportunity to recognize and thank Manny for more than 7 years of inspiring leadership. During Manny's tenure, LEDC's staff has grown by 60 percent, its operating budget has increased from $1 million to $3 million, and its lending activity has increased from $150,000 in loan disbursements in 2005 to more than $1 million in 2012. LEDC also expanded its services to Montgomery County, Maryland under Manny's direction and gained recognition as a regional leader in community economic development. We thank Manny for his contributions to LEDC's mission and we wish him the very best in his future endeavors.
Colleen Dailey, the current Vice Chair of LEDC's Board of Directors, has been appointed Interim Executive Director while we conduct a national search for a permanent Executive Director. With fourteen years of experience in the field of community economic development in Washington, DC -- including five years as the Executive Director of Capital Area Asset Builders (CAAB), a long-time partner to LEDC -- Colleen is well-qualified to lead the organization during this transition period.
I want to assure our supporters that LEDC remains in a strong position. The Board of Directors has full confidence that staff, with support from both Colleen and the Board, will experience no interruption in carrying out day-to-day operations and will continue delivering the innovative, high-quality programs and services that LEDC's clients and partners have come to expect.
While leadership transitions are never easy, we are optimistic about LEDC's future, our opportunities to strengthen our exceptionally talented and committed team, and our ability to raise additional resources to ensure that LEDC's impact in the Washington Metropolitan Area will continue to grow. We trust that we will have your continued support and look forward to working together to promote stable housing, thriving businesses, and strong communities in our region.
Board Chair, LEDC