Neighborhood Assistance Corporation of America
Bruce Marks – NACA Founder and CEO: 617-250-6244; [email protected]
AJAY BANGA BEST SELECTION FOR WORLD BANK PRESIDENT
Ajay Banga has demonstrated an extraordinary track record as a corporate executive in addressing economic justice and climate issues
Ajay Banga is the best person in this pivotal moment to address the critical issues of poverty and climate change through the leadership of the World Bank. This is by far the most consequential and most impressive nomination by President Biden. No other nominee would have the commitment, skills and unequivocal support from both the corporate and grassroots activists.
“I have been working with Ajay for over twenty-five years”, states Bruce Marks the Founder and CEO of NACA, the country’s largest housing counseling and advocacy organization. “There is no one better suited for this position. Ajay stands out as someone with the highest ethical standards. Also, he is unique with his hands-on approach to issues that combines corporate interests with crucial community issues, affecting the most vulnerable in achieving outstanding results.”
NACA began working with Ajay Banga when he was a top executive at Citigroup. Ajay was one of the first financial executives to address predatory lending by modifying mortgages through interest rate and principal reductions to achieve an affordable mortgage payment. He took it much further. Through his leadership Citigroup committed $3 Billion to the Best Mortgage in America (i.e., no downpayment, no closing costs, at a below market interest rate without consideration of one’s credit score). We have continued to work with Ajay throughout the years and recently in working with MasterCard to provide a state-of-the-art budgeting tool to assist low to moderate income homebuyers in improving their financial management.
NACA will continue to advocate for the quick confirmation with our members nationwide and other partners. He has support from those fighting to address climate change, structural poverty, and economic justice. He also has the strong support from the private sector who respect his unique ability to achieve outstanding financial results through his effective management and vision.