Former U.S. Congressman, the Reverend Dr. Floyd H. Flake is the senior pastor of the more than 20,000 member Greater Allen A.M.E. Cathedral of New York and President of Wilberforce University. The church and its subsidiary corporations operate with an annual budget of over $34 million. The church also owns expansive commercial and residential developments; a 750 student private school and various commercial and social service enterprises, which has placed it among the nation's most productive religious and urban development institutions. Allen Church has provided resources and guidance for innumerable faith-based and secular institutions. Its net assets are valued at over $100 million.
Flake served eleven years in the U.S. Congress, and was a member of the Banking and Finance, and The Small Business Committees. He established a reputation for bipartisan, innovative legislative initiatives to revitalize urban commercial and residential communities. Most notably, the Community Development Financial Institutions Act of 1993 contained provisions named the Bank Enterprise Act (BEA), authored by Representative Floyd Flake, which provided incentives for financial institutions to make market-oriented investments in destabilized urban and rural economies.
I had the pleasure of hanging out with Floyd for the afternoon. He was interviewed for one of my Television productions, Dollar™, for which he appeared as a professional authority. Maureen Aladin of Eye On It ® Studios, did an outstanding job producing the piece.