Community Development Fund Advisors

Headquartered in Miami, Florida, Community Development Fund (CDF) Advisors manages The Community Development Fund. Our unique approach to CRA addresses the economic, social impact and regulatory considerations that bankers must balance in today’s complex and challenging world. Our unparalleled and decades-long thought leadership in the CRA space brings an experienced yet innovative approach to high impact investments.

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Kenneth H. Thomas, Ph.D.

Founder/ CEO

Dr. Thomas is the nation’s leading expert and author on the Community Reinvestment Act (CRA).  He has a Ph.D. in Business and Applied Economics and an M.A. in Finance from The Wharton School as well as an M.B.A. from the University of Miami and a B.S.B.A. (High Honors) from the University of Florida.  Dr. Thomas taught Banking and Monetary Economics at The Wharton School of the University of Pennsylvania for 42 years.   He is also a 20+ year member of the board of directors and chairman of the nominating/corporate governance committee of a community bank.  Dr. Thomas was the Co-Founder and Chairman of the Board of Trustees of another successful CRA qualified investment impact bond fund that he launched in August 1999, but he is no longer associated with it or its advisor.  Dr. Thomas was a recipient of one of the first three Awards of Excellence from the National Community Reinvestment Coalition (NCRC) in 1994, the other two awarded to Representative Joe Kennedy and Comptroller of the Currency Eugene Ludwig.  As a consultant to both the private and federal sectors, his thought leadership is reflected in today’s existing CRA regulations.   

Kevin Hendrickson, CFA


Mr. Hendrickson is a portfolio manager and senior member of the structured products team at MetLife Investment Management, LLC. He is responsible for portfolio management of all core-based products with a focus on mortgages and asset-backed securities. Prior to joining MetLife he traded commercial Mortgage-Backed Securities (MBS) at Logan Circle Partners LP, which was acquired by MetLife, and also Delaware Investments. Prior to that he was a commercial MBS analyst for GMAC Commercial Mortgage. He has more than 20 years of investment experience. Mr. Hendrickson received a B.S. degree in finance from Pennsylvania State University and an M.B.A. from Temple University.

The Community Development Fund Service Provider Team:


UMB Bank, N.A.

Kansas City, MO


SEI Investments Global Funds Services

Oaks, PA


Community Development Fund Advisors, LLC

Miami, FL


MetLife Investment Management, LLC

Whippany, NJ


Foreside Funds Services, LLC

Portland, ME

Transfer Agent

UMB Funds Services, Inc.

Milwaukee, WI


Tait, Weller & Baker LLP

Philadelphia, PA

Legal Counsel

Morgan, Lewis & Bockius LLP

Philadelphia, PA

Fund Governance:

Chief Financial Officer and Treasurer

Andy Metzger
SEI Investments Global Funds Services
Oaks, PA

Chief Compliance Officer and Chief AML Officer

James Nash
Foreside Fund Services, LLC
Portland, ME

Board of Trustees

Ronald Lindhart
Rodger D. Shay, Jr.
Kenneth H. Thomas, Ph.D. (Chairman)