Business

Rainier Valley Community Development Fund to Host Annual Meeting

RAINIER VALLEY – The Rainier Valley Community Development Fund (RVCDF) – the organization that offers below-market-rate loans to the local business community – is gearing up for its annual meeting and 10th anniversary celebration.

Since 2006, the RVCDF has loaned more than $10.8 million to 19 small businesses and real estate developers in Rainer Valley, and it still has more than $17.2 million available to invest.

In January, the organization hired Wayne Lau as its new Executive Director. Lau was formerly Senior Vice President at Washingon First International Bank, and is a Seattle Goodwill Board Member and Past Board Chair.

Before Lau was hired, former Seattle City Councilmember Richard McIver served as Interim Executive Director for more than a year, after former Executive Director Martina Guilfoil resigned in the wake of a scandal over a shocking, profanity-laced letter was sent to a local business owner.

The event is planned for Tues., April 24, from 5:30 to 7:30 p.m. at the Filipino Community Center (5740 MLK Jr. Way S.). Please call RVCDF Business Manager Michelle McGuire (206.722.5280  x104)  if you plan to attend.

Wayne Lau is the Rainier Valley Community Development Fund’s new Executive Director.