Lancaster-based Community First Fund, a nonprofit lender serving low-income communities, has named a new board chairman.
David Schankweiler, the founder and past CEO of Journal Multimedia, the Business Journal’s former parent company, has been appointed to the post. He replaces Eric Menzer, president of York Professional Baseball, who will continue to serve as a member of the board.
Schankweiler has served since 2010 on the Community First Fund board.
The growing organization covers Central and Eastern Pennsylvania. Since 1992, the organization has made more than 1,600 loans and investments totaling more than $207 million.
Community First Fund is one of two local organizations operating through the New Markets Tax Credit program, a federal initiative designed to stimulate investment and economic growth in low-income urban neighborhoods and rural communities.