Chicanos Por La Causa
David Adame, President and CEO of Chicanos Por La Causa, Inc., (CPLC) leads the largest community development corporation (CDC) in Arizona and the third largest Hispanic CDC in the country.
A third generation Arizonian, David attended ASU on a music scholarship where he studied Finance. Upon graduating in 1985, David began his first tour at CPLC where he eventually became the Director of Economic Development. After two years, David accepted a position at JP Morgan Chase where he served as a Corporate Banking Associate and was then promoted to Assistant Vice President in the Retail Business Loan Center.
Following seven years at JP Morgan Chase, David left to become the Program Officer at the Local Initiatives Support Corporation (LISC) where he designed programs that assisted CDCs to develop single-family housing to support neighborhood revitalization efforts.
David left LISC in 1997 to become the Senior Deputy Director for Fannie Mae in their Arizona Partnership Office. In this role, David worked with the Director of Fannie Mae to form a comprehensive housing investment strategy to provide $15 billion in affordable mortgage financing. During this time at Fannie Mae, David earned his MBA from ASU.
After six years with Fannie Mae, David left to become Vice President of Arizona Operations for McCormack Baron Salazar, Inc. In this capacity, David oversaw the Matthew Henson HOPE VI project, which transformed the City of Phoenix’s public housing buildings into mixed-income, mixed-finance, and mixed-use community.
David returned to CPLC in 2008 serving as Chief Economic Development Officer. Since returning to CPLC, David has raised more than $250 million in resources from government agencies, corporations, and foundations all during one of the most severe recessions in US history. In addition, David has completed 12 real-estate development projects across Arizona valued at more than $60 million and has significantly expanded the number of CPLC owned and operated for-profit business ventures which contribute towards CPLC’s unique goal of becoming self-sufficient. David is greatly admired as a man of faith, his commitment to family, and his dedication as a strongly principled business and community leader.