An Interview With Katrina WashingtonDecember 22, 2014
I’ve appreciated the opportunity to lend my expertise and share my ideas and perspectives with other individuals active in the low- and moderate-income (LMI) community. It’s been rewarding to know that my input and the input of others on the CDAC has, in some way, assisted the Federal Reserve Bank of Kansas City in understanding the challenges of LMI and local communities.
I believe I bring a unique perspective of a professional who is deeply entrenched in the LMI and nonprofit community. I have a thorough understanding of the challenges of lack of awareness, education, credit worthiness and financial stability in connection with purchasing a home or attaining suitable housing. I’ve spent the last two decades as a full-time real estate agent/broker and I have been happy to lend my knowledge and expertise in this area to the group.
What has been the most significant thing you have learned through your experience of serving on the CDAC?
The most significant thing I’ve learned is that there are mechanisms in place like the CDAC to ensure there are policy recommendations that directly impact the LMI people and local communities.
My service on the CDAC has expanded my view of the LMI community beyond real estate and the financial aspects that lead to buying a home.