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Michael T. Pugh

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Michael is the President and Chief Executive Officer at Carver Federal Savings Bank. He is a banking executive of more than 29 years and qualified as a financial expert with significant public company Board of Directors experience in internal controls and leadership influence for audit and compliance, nominating and governance, credit, and institutional strategy committees. He has leadership experience with teams of 1200 associates in retail, business banking, commercial and residential lending, and call center operations. Michael is a proven leader results in bank technology integrations, strategic and capital planning, and regulatory risk management.

  • Tax Break Programs: Boosting Jobs and Infrastructure in Polk County
    Michael highlights LISC's success in leveraging public-private partnerships. In 2024, LISC invested $3.2 billion, creating affordable housing and commercial spaces. Michael notes, "Tax break initiatives could attract better-paying jobs and infrastructure investment in Polk County, Florida."
  • Affordable Senior Housing: Insights from LISC's Michael Pugh
    Michael highlights income-based senior living, where "rent is capped at 30% of income," supported by HUD Section 202 and LISC partnerships. He addresses eligibility, regional cost variations, and the role of Medicare. Tools like HUD’s Apartment Search aid in finding housing. LISC's Project 10X, with partners like JPMorgan, aims to expand senior housing options.
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  • Climate change is an existential threat to all of us and it is incumbent upon business owners to do their part to make their operations more environmentally friendly. However, not all small business entrepreneurs have the wherewithal, or the access to capital, necessary to make these essential updates to their business—and that is especially true of women and minority small business owners, who historically have had less opportunity to generate wealth and access financial capital. Therefore, we are pleased to partner with The Greater Harlem Chamber of Commerce and provide these women-owned businesses a platform to show their creativity and an avenue for accessing the funds necessary to make their businesses more sustainable and viable for the years ahead.

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