For over three decades, José Villalobos has served as the Senior Vice President of government affairs/business development for TELACU, the largest Community Development Corporation (CDC). For over 50 years, TELACU has been rebuilding and enhancing underserved communities by providing valuable products and services—including the creation of new jobs, responsive financial institutions, business expansion, quality affordable housing, and educational opportunities for young people, families and veterans. As a result of these efforts, TELACU has developed $1 billion of real estate projects representing 4 million square feet of commercial space and over 3,600 housing units, which have created in excess of 16,000 jobs. TELACU has also successfully lent in excess of $2.5 billion in low-income communities throughout the state of California.
Villalobos is responsible for identifying, analyzing and accessing government programs/legislation at the federal, state and local levels that address the needs of underserved communities and can be utilized in the expansion of the company’s operating subsidiaries and acquisition/start-up of new business enterprises. Federal agencies include but are not limited to: Department of Treasury; HUD; HHS/Office of Community Services; Economic Development Administration and Minority Business Department Agency (MBDA); and SBA. He has successfully identified and accessed in excess of $450 million in public sector funds over the past fifteen years, including $365 million in New Markets Tax Credit (NMTC) Allocations from the US Department of Treasury/CDFI Fund. As part of managing TELACU’s NMTC Program, Villalobos also serves on the board of the New Markets Tax Credit Coalition. He also serves on the New Markets Tax Credit Advisory Boards of Chase Bank and Greenline Ventures.
In addition, Villalobos was instrumental in leading TELACU’s efforts in working with SBA to promulgate and issue the regulations allowing CDCs to participate in the 8(a) and HUBZone Programs.
Further, Villalobos is also responsible for the oversight and management of TELACU’s faith-based initiative, which seeks to partner with and strengthen the capacity of local faith-based and community organizations serving low-income communities.
Prior to joining TELACU, Villalobos worked with several private sector firms including Prudential-Bache Securities and Mattel, Inc. in the area of finance.
Mr. Villalobos is chair and president of Eastcoast Development Corporation, a Washington, D.C. based real estate firm. Villalobos has also served on the boards of UCLA Alumni Association and the National Association of Latino Community Asset Builders (NALCAB).
Mr. Villalobos received his Master of Business Administration degree from the Anderson School of Management, University of California, Los Angeles, and his Bachelors in Economics from the University of California, Los Angeles.