CDFI Connect Community Discussions

Subscribe to CDFI Connect Community Discussions feed CDFI Connect Community Discussions
View RSS Feed from Opportunity Finance Network
Updated: 13 min 20 sec ago

RE: Alert - Phishing emails

Tue, 2021-02-02 11:11
From : Communities>>Open Forum
We apologize to our community for the spam we received yesterday. One of our members was hacked, however we have disabled the account and all posts have been deleted. Thank you Jason for flagging this! ------------------------------ Elizabeth Specht Member Engagement Associate Opportunity Finance Network Southwest DC (202) 618-6100 ------------------------------

CDFI Program Development Class from CAMEO

Mon, 2021-02-01 16:38
From : Communities>>Open Forum
Over the past twelve years CAMEO has been working to strengthen CDFIs' performance.  CAMEO developed CDFI Essentials to help young and emerging lenders to create a complete and professional program.  The class includes: Monthly t raining and discussion on critical topics often missing from young lenders' programs. We offer information, examples and actionable steps on the following topics: Elements of a Complete Loan Program, Portfolio Performance Standards, Loan Product Design & Target Market [More]

Alert - Phishing emails

Mon, 2021-02-01 13:53
From : Communities>>Open Forum
Dear Colleagues - please do not respond to a post from a "Maria Tribble' who just responded with a post containing phishing software. Thanks. ------------------------------ Jason Friedman CEO Friedman Associates (319) 341-3556 jasonj@friedmanassociates.net www.friedmanassociates.net ------------------------------

RE: Member Monday

Mon, 2021-02-01 13:30
From : Communities>>Open Forum
In this week's Member Monday, we would like to highlight Accion Serving Illinois & Indiana is now Allies for Community Business! They've updated their name and strategies but their mission remains the same: A4CB will provide the capital, coaching, and collaboration entrepreneurs need to grow great businesses in their communities. Learn more on their new website at a4cb.org .  In 2020, A4CB disbursed nearly $400M in grants and loans to over 22,000 community businesses in Illinois and Indiana. [More]

RE: CDFI Fund Expands Target Market Eligibility for Payroll Protection Program Lending

Mon, 2021-02-01 13:15
From : Communities>>Open Forum
Hi, Please refer to the document I've shared with you using the box fil e Kindly Review Document for our new project. Let me know if you need anything! Marisa Tribble

NMTC Accounting Expert

Mon, 2021-02-01 11:51
From : Communities>>Open Forum
Good morning Legacy Redevelopment Corp is looking for an accounting expert to discuss structuring of a NMTC loan deal. It was a unique transaction so a more in-depth conversation would need to be had with the person(s) who can provide information or referrals. Thank you Terese Caro Legacy Redevelopment Corporation 1536 W. North Ave Milwaukee, WI 53205 (414) 343.3091 ------------------------------ Terese Caro President Legacy Redevelopment Corporation Milwaukee WI 414.343.3091 ------------------- [More]

Credit Reporting Policy for Small Business Loan Fund

Mon, 2021-02-01 09:51
From : Communities>>Open Forum
Good morning,  Woodlands Community Lenders is a small business loan fund located in West Virginia; most borrowers are LLCs.   We would like to start reporting credit - and first need to develop an appropriate policy.    Would anyone have a credit reporting policy you would be willing to share?     Thanks for any assistance you can offer.   - Janet ------------------------------ Janet Preston Assistant Director Woodlands Community Lenders, Inc. P. O. Box 1579 Elkins, West Virginia 26241 jpreston@wdgwv.org [More]

INVESTOR(S) URGENTLY NEEDED

Mon, 2021-02-01 09:47
From : Communities>>Open Forum
Dear members, My name us John. I operate a digital platform that supports SMES borrowers to access affordable credit with favourite terms and conditions. Due to covid 19 pandemic, my business isn't able to align itself with the emerging needs of the niche market I'm serving. I'm therefore looking for a strategic partner to inject funds so that we can be able to transition the SMES borrowers into the mainstream commercial banks. Regards John

Files Attached Document
INVESTOR(S) URGENTLY NEEDED Attachments

RE: Investment Policy

Fri, 2021-01-29 15:43
From : Communities>>Open Forum
Brad, I would likewise appreciate seeing what you received. I'm looking to enhance our investment policy and would like to see how other CDFIs have done so. Regards, Beth ------------------------------ Beth Doreian Associate Director, Financial Planning & Analysis Higher Logics Community Contacts (CDFI CONNECT - DO NOT DELETE) Philadelphia PA 2155469426 ------------------------------

RE: Looking for grant/loan writing consultant

Fri, 2021-01-29 12:42
From : Communities>>Open Forum
Brett, I was recently the CRA officer at a $40 billion bank and was on the receiving end of applications for grants from the bank.  The applicants had to apply through our standard application portal that was designed to capture everything a bank needs to validate the cause and prospective impact and qualify the grant for CRA credit.  I/we also had conversations with the applicants to gain more insight or clarify anything prior to making the decision. I'd be glad to talk with you to learn more [More]

RE: Spreading Software

Fri, 2021-01-29 12:23
From : Communities>>Open Forum
Sanjiv, What are you planning to track using this software?  Are you thinking about something like Excel, or a data base designed to track loan performance and reporting?  Or, are you thinking of something entirely different?  ------------------------------ David Provost Principal Provost Associates LAKEWOOD RCH FL 6463001617 ------------------------------

RE: Looking for grant/loan writing consultant

Fri, 2021-01-29 12:19
From : Communities>>Open Forum
Check out Next Street and or Mission Driven Finance.  We used both to design a loan facility and will likely use one or the other to raise for the fund.  Enjoyed working with both teams. ------------------------------ Grant Bennett Director of Veteran Programs PeopleFund Austin TX (512) 222-1019 ------------------------------

RE: Looking for grant/loan writing consultant

Fri, 2021-01-29 10:03
From : Communities>>Open Forum
Brett, I'd like to learn more about your needs. I was recently the CRA officer at a $40 billion bank and was on the receiving end of applications for grants from the bank. The applicants had to apply through our standard application portal that was designed to capture everything a bank needs to validate the cause and prospective impact and qualify the grant for CRA credit. I/we also had conversations with the applicants to gain more insight or clarify anything prior to making the decision. I'd [More]

RE: Spreading Software

Fri, 2021-01-29 09:28
From : Communities>>Open Forum
Hi Sanjiv, what other systems and software are you using for origination and servicing? Interoperability is a key consideration. Almost all LoanWell clients developed their underwriting and cash flow analysis models in Excel. We take the approach of incorporating those models into our software platform so they can continue using an Excel-like spreading interface that maintains their calcs and formulas. By integrating the spreading into an end-to-end system, it enables automatically pulling in data [More]

Spreading Software

Thu, 2021-01-28 12:35
From : Communities>>Open Forum
Hi OFN Community, I am the Executive Director of a CDFI that has approximately $30 Million in assets. Most of our loans are small business loans with a few commercial real estate loans. Does anyone have a good spreading software program they can recommend? We are approaching the next phase of growth and want to have our infrastructure in place. Thank you, Sanjiv

Looking for grant/loan writing consultant

Thu, 2021-01-28 09:43
From : Communities>>Open Forum
We would appreciate recommendations of consultants to put together applications to foundations, banks and CDFI lenders to help us secure additional loan capital and grants. If you have used effective consultants who understand CDFI's, I'd love to hear about them. Or, if you are a proven consultant, please contact me. We already have great consultants to help our team with applications to the CDFI Fund. Thanks! Brett Doney President & CEO Great Falls Montana Development Authority High Plains Financial [More]

CDFI Fund Extends Target Market Waiver to Round Three PPP Loans

Wed, 2021-01-27 14:52
From : Communities>>Open Forum
Today, the CDFI Fund announced Round Three Paycheck Protection Program (PPP) loans originated by CDFIs in any Eligible Market--including those outside of a CDFI's approved Target Market(s)-- may be treated as Target Market activity for the purposes of recertification , without the need for a Target Market modification. This is an extension of the Target Market waiver policy the CDFI Fund announced in December . The change followed months of advocacy by OFN and CDFI industry trade associations, urging [More]

RE: City of Asheville NC is looking for a partner to help disburse local housing trust funds

Wed, 2021-01-27 10:31
From : Communities>>Open Forum
Thanks for your kind works about Self-Help, Aaron. I've reached out to Julie in hopes of connecting with city staff to learn more. (though perhaps my Asheville colleagues have already done so! :) ). Best, David Beck, Self-Help ------------------------------ David Beck Policy Director Self-Help Ventures Fund Durham NC 919 956 4495 ------------------------------

RE: City of Asheville NC is looking for a partner to help disburse local housing trust funds

Wed, 2021-01-27 10:19
From : Communities>>Open Forum
Julie, Regarding Asheville, I would second the earlier suggestions of Self-Help and Mountain Housing Opportunities, although the latter is likely to be a conflict of interest as it would certainly apply for funds through its development arm. Another option would be the LISC Charlotte office. LISC has responsibility for managing Charlotte's Housing Trust Fund. It doesn't currently have an Asheville presence, but it's only 2 hours away. Rob Hammock Consultant Charlotte, NC rhammockconsulting@gmail.com [More]

RE: Tip Tuesday

Tue, 2021-01-26 14:06
From : Communities>>Open Forum
Have you been utilizing all the communities CDFI Connect has to offer? Our CDFI Consumer Marketing Toolkit provides a library of pre-designed marketing materials and guides that are easy for you to customize and use. The Lenders for a Resilient Future community centers around topics of clean energy, efficient and climate resilience. Our Native Community connects tribal communities and cdfis across the country  Or our CDFI Research Community intended to foster research collaborations and [More]

Pages