CDFI Connect Community Discussions

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Updated: 7 min 28 sec ago

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 An advance notice of the unpublished NOFA is available here .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]

RE: Final COVID-19 Relief Package

Mon, 2021-02-22 11:38
From : Communities>>Open Forum
Brenda - I might check with our client, Bankable in Indiana - Adam Hoeksema is the CEO. Someone from their team should be in the group. They did an outstanding job getting out PPP loans. Say hey to Kevin for me, would ya? Thanks. Jason Friedman Chief Executive Officer, Friedman Associates A 1 Knollwood Lane, Iowa City, IA 52245 O 319-321-5884 E jasonj@friedmanassociates.net W www.friedmanassociates.net Book a meeting "You will never be criticized by someone who is doing more than you.You will [More]

RE: HR Tracking Systems

Mon, 2021-02-22 09:15
From : Communities>>Open Forum
Hi Tamra,  We use a professional employment organization, based here in Birmingham, Al, called Streamline CXO.  They provide a full suite of services, including Payroll, Benefit Enrollment, and Onboarding for new hires. It has been user friendly and low maintenance from our end. We have really enjoyed working with this type of system.  ------------------------------ Samuel Kellett Managing Director Sabre Finance d/b/a VentureSouth Birmingham AL 2052648462 ------------------------------

RE: Final COVID-19 Relief Package

Mon, 2021-02-22 08:38
From : Communities>>Open Forum
Community Ventures did not originate PPP loans the last round but we are considering doing so this time. Would anyone who did originate them mind sharing their experience? We've heard a lot of lenders had real challenges dealing with the processes and we want to learn from anyone else's experience that would be willing to share. Sent from Mail for Windows 10

RE: HR Tracking Systems

Fri, 2021-02-19 17:30
From : Communities>>Open Forum
We are just wrapping up our first full year using Fidelity WORKS HRIS. We're fully using some functions and will be implementing more of the platform features in the next year. It's been a big step up from a cobbled together payroll and various manual systems. It's more efficient and gives employees a lot more access to their information and options. Happy to connect you with our CFO if you want to learn more. ------------------------------ Kate Barr President Propel Nonprofits Minneapolis MN 612.278.7182 [More]

HR Tracking Systems

Fri, 2021-02-19 15:29
From : Communities>>Open Forum
We're interested in exploring online HR tracking systems to help manage hiring, employment agreements, PTO, etc.  I would love to hear what people are using and their experiences.  Feel free to respond to this thread or to me directly, tthetford@justinepetersen.org. Thank you kindly! Tamra Thetford Chief Program Officer Justine PETERSEN 314-215-8024 (cell) tthetford@justinepetersen.org ------------------------------ Tamra Thetford Chief Program Officer justine PETERSEN St. Louis MO (314) [More]

RE: Reporting Small Business payment history to credit bureaus

Thu, 2021-02-18 09:44
From : Communities>>Open Forum
Hello Lesli, Credit Builders Alliance is happy to work with nonprofit lenders around the country to help you report your borrowers to the bureaus to build their personal credit history. We work with David on this same thread and many other CDFIs within the network! I'd love to see if we can chat with you and your team about how that process to set up and maintain reporting looks for you and what kind of reporting will help you support your borrowers short and long term.  You can reach me by email [More]

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

Thu, 2021-02-18 09:08
From : Communities>>Open Forum
Thank you, Pam. Yanki Tshering , Executive Director Accompany Capital (formerly BCNA) 120 Broadway, Suite 230 New York, NY 10271 212-898-4112 phone / 646-365-3194 fax www.accompanycapital.org

RE: Credit Reporting Policy for Small Business Loan Fund

Wed, 2021-02-17 13:36
From : Communities>>Open Forum
Hi Janet, My organization Credit Builders Alliance works with nonprofit lenders to report their loans to the consumer and business bureaus and provides hands-on customer service and technical assistance to CBA Reporter members. https://creditbuildersalliance.org/ I'll also connect with you via email. Best, Brooke Cain Bureau Services Specialist Credit Builders Alliance brooke@creditbuildersalliance.org 202-644-9071 ------------------------------ Brooke Cain Bureau Services Specialist Credit Builders [More]

RE: Reporting Small Business payment history to credit bureaus

Wed, 2021-02-17 10:23
From : Communities>>Open Forum
Hello Leslie,  We do report payment history on the owners' personal credit report.  David ------------------------------ David Castillo Portfolio Manager Prestamos, CDFI, LLC Phoenix AZ (602) 257-6750 ------------------------------

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

Wed, 2021-02-17 09:24
From : Communities>>Open Forum
As promised, I am pleased to share this briefing on Loan Funds that accept investments from individuals.  You will see 60 Loan Funds listed!  Isn't that amazing?  It has been a pleasure to work on this labor of love for the CDFI field with my fellow members at Social Venture Circle.  We are eager to highlight the great work of CDFIs and showcase opportunities for individuals to put their money to work for impact.  Full disclosure: this represents a snapshot in time, and recognize there will be modifications [More]

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

Reporting Small Business payment history to credit bureaus

Wed, 2021-02-17 09:10
From : Communities>>Open Forum
Hello everyone, Do any of your organizations report small business loan payment histories on the owners' personal credit reports? Since one of our mission goals is to help borrowers become bankable and to build credit, our loan committee is discussing this as one way to help facilitate that. Thank you, Lesli Pintor Growth Partners Arizona ------------------------------ Lesli Pintor Executive Director Growth Partners Arizona Tucson AZ 520.382.9218 ------------------------------

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