[Congressional Record Volume 142, Number 136 (Friday, September 27, 1996)]
[Extensions of Remarks]
[Page E1760]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                        TRIBUTE TO RUTH SALZMAN

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                          HON. EDOLPHUS TOWNS

                              of new york

                    in the house of representatives

                      Thursday, September 26, 1996

  Mr. TOWNS. Mr. Speaker, it is my pleasure to highlight the sterling 
efforts of Ruth Salzman, executive vice president for the Chase 
Community Development Corp. [CCDC]. Ruth was named to direct commercial 
lending for CCDC in 1992. She is tasked with the challenge of providing 
loans to minority and women-owned small businesses located in low- and 
moderate-income communities, in addition to addressing the needs of 
community-based nonprofit organizations.
  Businesses in the tristate area of New York, New Jersey, and 
Connecticut have been recipients of loans from Chase, under the 
auspices of Ruth Salzman. In an era when it is fashionable to eliminate 
access to capital for groups desperately in need of access to capital, 
most notably minorities and women who own small businesses, it is 
comforting to know that Ruth Salzman is working overtime to support 
these groups.
  Ruth's expertise and training are traceable to her work with Chemical 
Bank, where she managed a specialized lending portfolio known as the 
Community Policy Lending Unit, which provided capital loans to 
nonprofit organizations that developed transitional and permanent 
housing for people with special needs.
  Ms. Salzman is a graduate of the Wharton Graduate Division and 
received her B.A. from Brooklyn College. She is married to Ira Salzman 
and is the mother of two children. Ruth's efforts have opened doors for 
many minority and female small business owners who have known nothing 
but despair in their efforts to secure commercial loans. Her efforts 
deserve recognition and commendation, and it is my honor to introduce 
her to my fellow colleagues.

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