Michael Swack

Economics and Director, Center for Impact Finance
Phone: (603) 862-3201
Office: Carsey School of Public Policy, Huddleston Hall Rm G05, Durham, NH 03824
Michael Swack

Michael Swack is a professor at the University of New Hampshire, where he has appointments at the Carsey School of Public Policy and at the Peter T. Paul College of Business and Economics. At Carsey, he is working on building scale in the nonprofit community development sector, innovations in community development finance, microfinance, and new models of social enterprise. He also directs Financial Innovations Roundtable (in collaboration with the Board of Governors of the Federal Reserve). He has over thirty years of experience in the fields of economic development, finance, and development banking.

Michael was the founder and former dean of the School of Community Economic Development (CED) at Southern New Hampshire University. He has been involved in the design, implementation, and management of a number community development lending and investment institutions both inside and outside the United States. He was the first chairman and served for seventeen years as a board member of the New Hampshire Community Development Finance Authority (CDFA), a state-chartered equity fund for community economic development ventures and projects. He is the founding president and a current board member of the New Hampshire Community Loan Fund. He was a founding board member of the National Association of Community Development Loan Funds (now the Opportunity Finance Network), a trade association of Community Development Finance Institutions. Internationally, he has been involved in development finance and microfinance work in Africa, Asia, and Latin America.

Michael has published in the areas of economic development and development finance. He received his doctorate degree from Columbia University, his master’s degree from Harvard University, and his bachelor’s degree from the University of Wisconsin-Madison.


  • Ph.D., Education, Columbia University
  • M.S., City/UrbanCommunityRegionlPlan, Harvard University
  • B.S., Political Science, University of Wisconsin

Courses Taught

  • DPP 901: Integrative Approaches
  • DPP 902: Economic Analysis
  • DPP 951: Nuts and Bolts of Microfinance
  • DPP 958: Financing Development
  • DPP 961: Community Development Finance
  • DPP 990: Independent Study
  • DPP/ECON 951/633: Nuts and Bolts of Microfinance
  • DPP/ECON 951/698: Nuts and Bolts of Microfinance
  • DPP/ECON 960/698: Social Enterprise
  • ECON 633: Microfinance
  • ECON 695: Independent Study
  • ECON 698: Top/Microfinance

Selected Publications

Tansey, C., Swack, M., & Tansey, M. (2010). Capital Markets, Cdfis, and Organizational Credit Risk.

Swack, M. (n.d.). The Heron Foundation expands philanthropy's reach.