Tom Manning

Tom Manning is the Principal of Harbor Road Advisory, a consulting practice focused on strategies and investment to create and sustain healthy communities. Mr. Manning has over 30 years’ experience in the public and non-profit sectors, creating financial strategies to support policy objectives.

Mr. Manning has been conducting his consulting practice since 2014. His clients include a national portfolio of loan funds -- Community Development Financial Institutions (CDFIs) -- plus community-based organizations, public agencies, and foundations. He advises CDFIs on investment strategies and practices to support health, housing, and economic development activities in low-income communities. He has helped the federal Department of Health & Human Services (HHS) strengthen and expand a loan guarantee program for community health centers, and, for the CDFI Fund of the US Treasury Department, he has supported several dozen CDFIs through the CDFI Capacity Building Initiative on topics including health sector investment, loan fund capitalization, and market development. He has helped a housing development organization to create a lending subsidiary supporting low- and moderate-income homeowners.

Since 2016, he has been a Senior Scholar at the New York University Stern School Center for Sustainable Business, where he specializes in research related to finance supporting environmentally sustainable business practices. He is also (since 2010) a mayoral appointee to the Board of the NYC Residential Mortgage Insurance Corporation (REMIC) and, since 2014, a member of the Enterprise Community Loan Fund national loan committee. He was previously an appointed member of the Planning Board in his local community.

Mr. Manning was previously the Managing Director of Capital Investment at the Primary Care Development Corporation (PCDC), which he joined as a founding staff member in 1994. PCDC was initiated as a partnership with the City of New York with a mission of expanding quality healthcare in underserved communities. Mr. Manning established PCDC as a CDFI, and he designed and directed its investment programs and products. This included pipeline development, loan and tax credit underwriting, and securing capital, for which he negotiated PCDC’s commitments with profit-motivated, public, and charitable investors. PCDC’s capital sources included bank loans, tax-exempt bonds, tax credit equity, grants, equity equivalents and program-related investments, as well as retained earnings. From 1986 to 1994, he held housing development and finance positions for the City and State of New York.

He has a BA in East Asian Studies and an MBA in Finance and Non-Profit Management from Columbia University.