WASHINGTON — The U.S. Treasury's Community Development Financial Institutions fund is looking for yet another leader before the end of the Bush Administration. Kimberly Reed, current CDFI Director, has announced her intention to resign and enter the private sector.

“It truly has been an honor to serve the President and Secretary Paulson as Director of the CDFI Fund, as well as Senior Advisor to the Secretary,” she was quoted as saying in an announcement of her departure.

“After three and one-half years at Treasury and the successful completion the 2007 round of the CDFI Fund programs, it is now time for me to transition to the private sector. I want to thank Secretary Paulson for his confidence in me, and thank my Treasury colleagues, especially the CDFI Fund staff for their dedication to the CDFI Fund's vision–an America in which all people have access to affordable credit, capital and financial service.”

Director Reed's last day at the CDFI Fund will be Nov. 12, 2007. She held the position for less than a year.