Impact Capital announces new Executive Director to lead organization and community development programs


SEATTLE, WA – December 14, 2011 – (RealEstateRama) — Impact Capital, a non?profit community development financial institution (CDFI) operating in Washington State, has named Judith Olsen as its new Executive Director. Olsen, currently Vice President and Community Development Officer at Wells Fargo in Oregon, will succeed Heyward Watson, who is retiring at the end of 2011. Olsen will start in her new position on January 9, 2012.

Olsen brings twenty?eight years of banking experience to Impact Capital, the last thirteen of which have been focused in the community development field. Prior to positions with Wells Fargo in Seattle and Portland, Olsen was with Pacific Northwest Bank. Olsen has served on numerous non?profit Boards, including the Washington Community Reinvestment Association, the Washington State Farmworker Housing Trust, Self Help Housing, Inc., Port Jobs Inc., and Impact Capital. Currently, she serves on the boards of CASA of Oregon, Washington County Community Loan Fund, and the Oregon Microenterprise Network.

In her new position as Impact Capital’s Executive Director, Olsen will be responsible for implementing the organization’s strategic plan, managing a staff of 13, and overseeing day?to?day operations. She will direct Impact Capital’s pre?development lending programs and its programs to promote comprehensive community development in targeted neighborhoods throughout Washington State.

Randy Robinson, Impact Capital Board Chair, stated: “The Board of Directors of Impact Capital enthusiastically welcomes Judith Olsen to this important leadership position. We are confident that her expertise in the field of community development, her extensive knowledge of the non?profit sector, and her passion for Impact Capital’s mission makes her uniquely and exceptionally qualified to lead Impact Capital”.

Impact Capital is dedicated to helping build vibrant neighborhoods in underserved communities throughout Washington. As the Pacific Northwest affiliate of the Local Initiatives Support Corporation (LISC), Impact Capital is committed to helping residents of Washington State create vibrant neighborhoods where they can live, work and raise a family. To date, Impact Capital has invested over $115 million, leveraging $2.6 billion in development.

T. Ellen Reich, Impact Capital
206?658?2604 or

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