Sam Spencer is CEO and Managing Director of CEI-Boulos Capital Management, a real estate investment fund management company focused on delivering both competitive financial returns and social impact. The company serves banks, family offices, and other institutional investors, and has a national scope. Areas of the company’s specialization include Opportunity Zones and the Community Reinvestment Act (CRA). CEI-Boulos is a joint venture between CEI, a community development finance institution, and The Boulos Company, an integrated commercial real estate firm. Spencer was previously Senior Vice President for Investments at CEI Capital Management, one of the nation’s leading allocators of federal New Markets Tax Credits. Spencer has also been an entrepreneur in the energy field and a real estate developer. He served on the Clinton White House staff for four years, including as Special Assistant to Vice President Al Gore. For eight years he served as Democratic National Committeeman for Maine. He is a board member of Maine Coast Heritage Trust, a leading state-wide land trust, where he serves as the Chair of the Public Policy Committee. He received a BA degree cum laude in government from Harvard College and MBA degree from Harvard Business School. CEI-Boulos manages the NBT CEI-Boulos Impact Fund, a real estate equity investment fund with NBT Bank as the sole investor. The fund is designed to support individuals and communities with low- and moderate income through investments in high-impact, community supported, commercial real estate projects located within the bank’s Community Reinvestment Act (CRA) assessment areas in Central and Upstate New York. The bank and its parent company, NBT Bancorp, are headquartered in Norwich, NY. The fund targets redevelopment and new construction of commercial properties such as multi-family, mixed-use assets, industrial, office, retail and hospitality. Targeted impacts include: • Projects that help create good jobs • Affordable and workforce housing • Main Street revitalization/historic preservation developments • Developments that serve non-profit organizations • Sustainable focused real estate developments that incorporate green construction standards and/or alternative energy CEI-Boulos’s first fund, the Woodforest CEI-Boulos Opportunity Fund, was recognized by Forbes and the Sorenson Impact Center as one of “The Forbes OZ 20: Top Opportunity Zone Catalysts” and one of the ten most innovative and impact focused Opportunity Zone funds in the country. The fund invests across the 17-state CRA footprint of its sole investor, Woodforest National Bank, a privately owned bank with over 750 branch locations. In a joint venture partnership with Allivate Impact Capital, a new subsidiary of Woodforest National Bank, CEI-Boulos recently launched the AIC CEI-Boulos Opportunity Fund, continuing to build on the success of its initial partnership with the bank. The multi-investor Opportunity Zone fund is focused on financially attractive, CRA-eligible projects nationally.