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Updated: 56 min 49 sec ago

Consultant Fee

2 hours 34 min ago
From : Communities>>Open Forum
I Echo the sentiment about paying a "success fee." I spoke to a consultant and he wanted 5 percent. After doing some research, I came to conclusion that I was getting taken for a ride. PLEASE, PLEASE be aware!

Tomorrow - Just in Time Webinars on the CDFI Fund Rapid Response Program

4 hours 37 min ago
From : Communities>>Open Forum
Dear Colleagues - Friedman Associates is a leading CDFI consulting services firm, supporting hundreds of mission-based lenders. We have scheduled two 'just in time' webinar webinars tomorrow to brief you on the RRP application. If you are applying for the CDFI FA, as well, there are implications for how the two tie together. Also, we will demonstrate a tool we developed for our clients to help you simplify and speed up the preparation of these applications - with 100% accuracy and error free! [More]

RE: FOX News/CNN Headline Making RRP Solicitation

6 hours 31 min ago
From : Communities>>Open Forum
I'm so glad you posted about this. I think most of us know this but for those who might be newer to the industry, unless something has changed or a new organization has emerged, I am not aware of any ethical fundraising professionals organizations that encourage compensation for fundraising on a percentage basis. I listed just two examples below that I pulled from https://conservationtools.org/guides/99-commission-based-compensation-for-fundraising#:~:text=According%20to%20The%20Association%20of,finder's%20fee%20is%20defined%20as%20%E2%80%9C [More]

Consultants for CDFI Application

Tue, 2021-03-02 13:30
From : Communities>>Open Forum
Hello. WCHR is considering applying for a CDFI grant and is looking for some consultant support for the applications. Who have you worked with in the past that you would recommend that we reach out to? Thank you for any input/guidance you can give. J e nnifer Schanck-Bolwell Executive Director Worcester Community Housing Resources, Inc. 11 Pleasant Street, Suite 300 Worcester, MA 01609 Phone 508.799.0322 x 114 Fax 508.799.7771 Lender NMLS ID: 13635 In an effort to protect staff and visitors during [More]

RE: Does your loan fund offer investment opportunities for individuals?

Tue, 2021-03-02 13:23
From : Communities>>Open Forum
Social Venture Circle and American Sustainable Business Council are hosting a webinar open to the public to showcase opportunities for individuals to invest in CDFI Loan Funds for Main Street Impact.  CDFI work and impact will be brought to life by Janie Barrera (LiftFund), John Hamilton (NH Community Loan Fund), Maggie Kirby Weiland (Craft3) and Ed Davis (Craft3) in a session moderated by Pam Porter (Stepping Stone Partners).  Please register to join and feel free to share with others. https://us02web.zoom.us/webinar/register/WN_RJwQx7aYRIWTv49EIgODHA [More]

Fast Track Your CDFI Fund Rapid Response and Financial Assistance Application!

Tue, 2021-03-02 11:27
From : Communities>>Open Forum
Dear Colleagues - both the FY '21 CDFI Fund Program NOFA and the Rapid Response NOFA have dropped. With the significant amount of confusion about the RRP (especially if you are also applying for a CDFI FA), we feel an obligation to disseminate 'just in time' guidance to all CDFIs. As a result, we designed a Fast Track tool to help you simplify and speed up the preparation of these applications - accurate and error free!  We're holding two "quickie" webinars this Thursday, March 4th, one for CDFIs [More]

RE: FOX News/CNN Headline Making RRP Solicitation

Tue, 2021-03-02 11:00
From : Communities>>Open Forum
Jamie:  It is fantastic that you pointed this out and so true; and significantly worse that these organizations are trying to take advantage of COVID relief dollars. We at FUND Consulting feel so strongly about this that we are completing RRP applications for our annual package clients at no charge. We want to do our part to make sure every relief dollar is getting directly to those who need it and we think this is a way we can support the industry. We are also planning a free RRP webinar for CDFIs [More]

FOX News/CNN Headline Making RRP Solicitation

Mon, 2021-03-01 18:56
From : Communities>>Open Forum
Warning: Do not pay % based success fees to any grant writer. We believe every CDFI in the country today received an email from a provider that is offering to write RRP applications for a $10,000 fee PLUS a "success fee of 5% of the grant award." On the max $5 million RRP grant that is a $250,000 fee to the grant consultant to submit the application.  Our firm, like many of the exceptional providers in the community development space, feels this is a gross misuse of taxpayer dollars intended as a [More]

RE: Loan Policy: what should it say about criminal offenses and loan pricing

Mon, 2021-03-01 17:07
From : Communities>>Open Forum
Elizabeth, thanks for sharing these! ------------------------------ Brian Ranck Senior Loan Officer Entrepreneur Works Philadelphia PA (215) 545-3100 ------------------------------

RE: Member Monday

Mon, 2021-03-01 14:36
From : Communities>>Open Forum
In this week's Member Monday , we would like to highlight the work of Clearinghouse CDFI. Clearinghouse CDFI was founded in 1996 to address unmet credit needs and provide financing for projects benefitting low-income and distressed communities in Southern California. CCDFI recently provided a $5.55 MM loan to the San Francisco Aquarium of the Bay, that's home to over 24,000 diverse aquatic animals and millions of visitors over 20 years. George Jacob, President & CEO of Bay Ecotarium writes "23 weeks [More]

RE: Loan Policy: what should it say about criminal offenses and loan pricing

Mon, 2021-03-01 12:25
From : Communities>>Open Forum
Good afternoon Brian! I wanted to offer you our OFN loan policy documents! I hope this is helpful! ------------------------------ Elizabeth Specht Member Engagement Associate Opportunity Finance Network Southwest DC (202) 618-6100 ------------------------------

Files Attached Document
RE: Loan Policy: what should it say about criminal offenses and loan pricing

RE: financing homeownership programs with supportive services

Fri, 2021-02-26 09:51
From : Communities>>Open Forum
The folks at CHN have been doing LIHTC-to-homeownership in and around Cleveland for many years, and do a lot of the mortgages for the homes through their CDFI, CHN Housing Capital . They're all lovely I'm sure, but Mark Whipkey (may be on here as well!) has been there for ages and could be a great first person to contact. Elaine Magil Director, Advisory & Transactions TCAM, LLC | An MRI Company o. 412-450-6055 m. 617-894-0699 www.tcamre.com This electronic message transmission contains information [More]

CDFI Fund Rapid Response Program NOFA

Thu, 2021-02-25 09:30
From : Communities>>Open Forum
The CDFI Fund will be publishing the Notice of Funds Availability (NOFA) for the CDFI Fund Rapid Response Program tomorrow. An advance notice of the unpublished NOFA is available here . ​ This NOFA covers the $1.25 billion that was approved as part of the COVID-19 relief bill in December and is authorized to provide grants to CDFIs to support, prepare for, and respond to the economic impact of the COVID-19 pandemic. The last day to submit an application for this funding will be March 25th.  ------------------------------ [More]

Loan Policy: what should it say about criminal offenses and loan pricing

Wed, 2021-02-24 13:59
From : Communities>>Open Forum
Hello everyone! Entrepreneur Works is a microlender serving the greater Philadelphia area. We are updating our loan policies and have questions about the following two areas. We would love to hear how other microlenders handle these two areas in their loan policies.  1) Rates and Fees Our policy doesn't say anything about how our interest rates are determined and who sets the rates. Should the loan policy include a statement about rates and fees and how they are determined? Should rates be determined [More]

RE: Measuring GHG emissions

Wed, 2021-02-24 11:03
From : Communities>>Open Forum
Good afternoon Beth! A wonderful community CDFI Connect has to offer is our Lenders for a Resilient Future . The community discusses clean energy, climate resilience, sustainability in affordable housing and much more! Members will be able to find background documents, ask questions, and collaborate around events and shared goals! Looking forward to seeing the conversation of sustainability in cdfis grow! ------------------------------ Elizabeth Specht Member Engagement Associate Opportunity Finance [More]

Measuring GHG emissions

Tue, 2021-02-23 14:59
From : Communities>>Open Forum
At Cleantech Open, an accelerator for cleantech startups, we're creating new curriculum content to educate them on greenhouse gas emissions reduction potential. Happy to collaborate with experts here on this and to share more! Thank you! Beth -- Beth E. Zonis Northeast Regional Director, Cleantech Open Northeast / NECEC Apply to the 2021 Cleantech Open !  ------------------------------ Beth Zonis Director Cleantech Open Northeast Boston MA 8574000544 [More]

RE: CDFI Rapid Response Program Pre-Application Webinar Scheduled

Tue, 2021-02-23 11:46
From : Communities>>Open Forum
This is the webinar link. https://www.youtube.com/watch?v=2C7Ac9FFYwA ------------------------------ Louis Irvin CDFI Director Redbud Financial Alternatives, Inc. 606.436.0497 ------------------------------

RE: Tip Tuesday

Tue, 2021-02-23 10:33
From : Communities>>Open Forum
In this week's Tip Tuesday , we will show you have to adjust the frequency in which you receive emails. ------------------------------ Elizabeth Specht Member Engagement Associate Opportunity Finance Network Southwest DC (202) 618-6100 ------------------------------

Files Attached Document
RE: Tip Tuesday

financing homeownership programs with supportive services

Tue, 2021-02-23 09:32
From : Communities>>Open Forum
Good morning--I am interested if any CDFI's have experience in homeownership programs that include supportive services for the homeowners. We see and currently finance rental housing developers that offer case managers, social work, job coaching, banking and budgeting education, or health and mental health issues as part of their apartment rentals. We are also looking at manufactured homes as very affordable home ownership, often costing less than rent, and exploring if that supportive service model [More]

RE: Member Monday

Mon, 2021-02-22 12:17
From : Communities>>Open Forum
In this week's Member Monday , we would like to highlight the work of Community Housing Services Agency. CHSA was created by the City of Savannah, Georgia in 1989 and has benefitted more than 3,000 low-to moderate-income households. In 2012, CHSA expanded to assume administrative responsibilities for the City of Savannah's Affordable Housing Fund. This innovative program provides financing for minor home repairs, gap financing for infill construction of affordable homes, and down payment assistance [More]

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