JOAN CARTY AND JOHN ELLER APPOINTED TO BOARD
OF THE FEDERAL HOME LOAN BANK OF BOSTON
BOSTON,
November 15, 2007-— Joan Carty, of Bridgeport, Connecticut,
and John T. Eller, of Newbury, New Hampshire, were recently
appointed to the board of directors of the Federal Home Loan
Bank of Boston (the Bank). Their terms begin on January 1,
2008, and run through December 31, 2010. Ms. Carty and Mr.
Eller were appointed to the board by the Federal Housing Finance
Board, the Bank’s regulator, as public interest directors.
Ms.
Carty has served as president and CEO of Housing Development
Fund in Stamford, Connecticut, since 1994. She has also served
as executive director of Bridgeport Neighborhood Fund, of
Bridgeport, Connecticut; Neighborhood Preservation Program,
of Stamford, Connecticut; and Neighborhood Housing Services,
of Brooklyn, New York. Ms. Carty holds a J.D. degree from
Fordham University School of Law; an M.S. degree in Urban
Affairs from Hunter College/The City University; and a B.F.A
degree from College of New Rochelle.
Mr.
Eller serves as a director of the New Hampshire Housing Finance
Authority. Previously, he served as senior vice president/director,
housing and community investment at the Bank, where he managed
the Affordable Housing Program. Before joining the Bank, he
operated an independent consulting firm and served as executive
director of the Massachusetts Housing Finance Agency. Mr.
Eller is the former chair of the New Hampshire Conference
of the United Church of Christ Budget and Finance Committee
and Conference Council. He earned his B.A. degree from Hiram
College, and M. Divinity degree from the Andover Newton Theological
School.
The
mission of the Federal Home Loan Bank of Boston is to support
the residential-mortgage and community-development lending
activities of its members, which include over 450 financial
institutions across New England. To accomplish its mission,
the Bank utilizes private-sector capital to provide members
and other qualified customers with reliable access to low-cost
wholesale funds, liquidity, a competitive outlet for the sale
of loans, special lending programs, technical assistance,
and other products and services.
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