The bill, H. 5039, is a House Resolution recognizing and honoring Nathaniel A. Barber for his exceptional leadership and service as the former chief executive officer of the South Carolina Community Loan Fund (SCCLF). The resolution highlights Mr. Barber's significant contributions to community development in South Carolina, including his role in expanding access to responsible capital and economic opportunities for individuals and small businesses. It notes his extensive experience in the banking industry and his pioneering investment in SCCLF under the Community Reinvestment Act, which helped stimulate broader engagement in community development finance.
Additionally, the resolution acknowledges Mr. Barber's instrumental efforts in securing substantial funding for SCCLF, including a $50 million New Markets Tax Credit allocation in 2023 and a record $75 million allocation in January 2026. These achievements are recognized as milestones that enhance SCCLF's capacity to foster transformative community and economic development across the state. The resolution concludes by commending Mr. Barber for his exemplary service and wishing him continued success in his future endeavors.