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: Recommendations for Contracted HR Support?

Fri, 2020-10-30 16:23
From : Communities>>Open Forum
I'm on the board of a nonprofit that has been working with Nonprofit HR and getting a lot of value from their approach and expertise. ------------------------------ Kate Barr President Propel Nonprofits Minneapolis MN 612.278.7182 ------------------------------

RE: ITIN status and Lending

Fri, 2020-10-30 13:07
From : Communities>>Open Forum
Hi Robert.  I just attended a training with Nathanial Owen of MEDA (San Francisco) on this.  I can share some of what I learned with you.  Cheers. ------------------------------ Susan Brown CAMEO Microlending Specialist Business and Community Development Susan Brown Consulting 530-925-2530 ------------------------------

RE: Looking for Property managers

Fri, 2020-10-30 11:47
From : Communities>>Open Forum
Good Morning! At Housing Trust, we are hosting a series a educational webinars for our homeowners who are interested in building an ADU in their backyard. Part of the process of building an ADU is also to manage the ADU as a landlord - experience which a lot of homeowners might not have. We are looking for a property manager who would be willing to participate in our webinar as a panelist and talk about the process of managing a rental property as a homeowner/landlord. Any recommendations/suggestions [More]

RE: ITIN status and Lending

Fri, 2020-10-30 10:41
From : Communities>>Open Forum
We have done some ITIN deals at our organization. We are careful to fund these loans exclusively from our earned revenue to ensure we don't run afoul of SBA regulations or other funders. We have aspirations of creating a fund specifically for ITIN entrepreneurs. ------------------------------ RB Fast Director of Operations Colorado Enterprise Fund Denver CO 7204734051 ------------------------------

RE: CDFI Operations Manual

Fri, 2020-10-30 09:51
From : Communities>>Open Forum
Hi Gena, Could you share your Organizational Security Program?   Thanks, Betty ------------------------------ Betty Kerr Grant Manager / Collections Officer Wisconsin Native Loan Fund, Inc. Lac du Flambeau WI 7152091868 ------------------------------

Recommendations for Contracted HR Support?

Thu, 2020-10-29 15:55
From : Communities>>Open Forum
Hi all, We have been fortunate to keep growing through COVID and we are looking for options for contracted human resources support.  We are especially looking for help hiring, onboarding, and building career development tracks at the moment and are wondering if others have had success with this in our field. We have considered seeking support before but have wondered if being such a niche industry makes it difficult to find someone who can efficiently meet the need.  Thanks! Best, Peter ------------------------------ [More]

ITIN status and Lending

Thu, 2020-10-29 15:26
From : Communities>>Open Forum
Good Morning all: I have been asked several times about if it is possible to lend to businesses where the owner has an ITIN but no SSN, and frankly I have no clue. I have been at our organization a little over a year and not had any applicants with an ITIN apply.  Are there any CDFI's out there who have experience with this? Or could give me some direction as to how to address? Thanks! ------------------------------ Robert Gernert Lending Manager Economic Development and Financing Corporation Ukiah [More]

RE: CDFI Operations Manual

Thu, 2020-10-29 09:37
From : Communities>>Open Forum
Thank you Jason. Tommy Cooper, MBA (he/him/his) Lending Resources Officer Habitat for Humanity International 285 Peachtree Center Ave., NE; Suite 2700, Atlanta, GA 30303 office: (404) 733-3108 tcooper@habitat.org habitat.org Connect with us on social media: Facebook Twitter Google+ LinkedIn YouTube Instagram Pinterest

RE: Section 1071 data

Wed, 2020-10-28 10:26
From : Communities>>Open Forum
Josh, thanks for sharing your initial analysis of CFPB's Panel Outline about changes to how small business loan application data is reported. It's very informative. If others have conducted their own analysis of CFPB's Panel Outline, I'd invite you to share here. ------------------------------ Michael Eggleston Community Development Advisor Federal Reserve Bank of St. Louis michael.c.eggleston@stls.frb.org ------------------------------

RE: CDFI Operations Manual

Tue, 2020-10-27 14:13
From : Communities>>Open Forum
Hi Tommy - I would check in with the Habitat for Humanity Foundation. I believe they have selected a consultant to develop the materials you are requesting.  Let me know if you need contact information.  Thanks. ------------------------------ Jason Friedman CEO Friedman Associates (319) 341-3556 jasonj@friedmanassociates.net www.friedmanassociates.net ------------------------------

RE: Section 1071 data

Tue, 2020-10-27 11:14
From : Communities>>Open Forum
Thanks for sharing. We have had some members on the SBREFA panel and will be submitting our own comment letter. Happy to consider suggestions. ------------------------------ Brian Blake Director, Public Policy Community Development Bankers Association Washington DC 6462837929 ------------------------------

RE: Tip Tuesday

Tue, 2020-10-27 10:25
From : Communities>>Open Forum
In this week's Tip Tuesday , we provide you with the helpful tip that our reset password emails are often sent to your spam inbox! If you are having trouble locating this email, please feel free to reach out to Elizabeth Specht at especht@ofn.org for additional help! ------------------------------ Elizabeth Specht Member Engagement Associate Opportunity Finance Network Washington (202) 618-6100 ------------------------------

Section 1071 data

Mon, 2020-10-26 12:21
From : Communities>>Open Forum
Dear Colleagues: There was a question about Section 1071 small business loan data. Here is our initial take. NCRC Initial Analysis Of The CFPB SBREFA Panel Outline: A Step In The Right Direction But Improvements Sought Comments are due in mid-December. Contact me if you have any questions. Best, Josh Silver Senior Advisor NCRC Josh Silver Senior Advisor, Policy National Community Reinvestment Coalition 202.464.2733 202.628.9800 (fax) jsilver@ncrc.org Pronouns: He/Him/His 740 15th Street NW, Suite [More]

CFPB - Dodd-Frank Regs for Small Business Lending

Fri, 2020-10-23 09:26
From : Communities>>Open Forum
Are any CDFIs (or partners) tracking the Consumer Financial Protection Bureau's Dodd-Frank regulations on small business lending (section 1071)? We know the CFPB is doing work prior to releasing an Advance Notice of Proposed Rulemaking and we have heard that this may result in new additional reporting requirements for CDFIs that previously were not required. Any thoughts on this would be appreciated. Thanks, Jackson ------------------------------ Jackson Brossy ED Native CDFI Network, Inc. Washington [More]

RE: Small Business Needs--qualitative research

Fri, 2020-10-23 08:59
From : Communities>>Open Forum
Hello @Tameka Montgomery and the Key Insights were very interesting. Have you questioned small businesses about their efforts in preparing for the the future? I feel like a lot of the responses are focused more around reacting to what is happening today​ and while several of those actions will help them in the future, I wonder how many are thinking ahead. I work with small businesses as a fractional CFO and constantly push my clients to forecast different scenarios and think through their options [More]

RE: PPP and EIDL Advance Reduction of Forgiveness Amount

Thu, 2020-10-22 12:42
From : Communities>>Open Forum
Hi Everyone,  The SBA's guidance is admittedly confusing, even for someone who worked for them for almost six years and still has friends there. That said, I think people might be interpreting the June 20th document differently than SBA intended. Clearly, some people feel as the SBA didn't communicate the EIDL advance would be recouped and/or the PPP forgiveness amount would be reduced by the advance amount at the beginning of the programs if a borrower got both. But in every lender training in which [More]

Files Attached Document
RE: PPP and EIDL Advance Reduction of Forgiveness Amount

CWN 2nd Virtual Event - "Extreme Self-Care: Understanding Needs, Values and Boundaries "

Wed, 2020-10-21 16:53
From : Communities>>Open Forum
Greetings   Please see details below about the upcoming CDFI Women's Network virtual event on October 30th. This event is open to women working in the Community Development Finance field. If you have colleagues who might be interested in attending, please feel free to forward this notice to them.  CWN 2ND VIRTUAL EVENT - "EXTREME SELF-CARE, UNDERSTANDING NEEDS, VALUES AND BOUNDARIES  When:    Oct 30, 2020 from 3:00 PM to 4:30 PM (ET) Associated with    CDFI Women's Network [More]

Salesforce for CDFIs Webinar + Live Demo

Wed, 2020-10-21 10:51
From : Communities>>Open Forum
Hi Everyone, Hope you are doing well.  Just wanted to call your attention to the following webinar: Salesforce for CDFIs Webinar + Live Demo Wednesday, November 4  2-3pm ET/11-12pm PT Register Now Michelle Corson, CEO + Founder of  On the Road Lending , will discuss how her team leverages  Salesforce to meet their complex lending needs  and enable growth for the organization. The webinar will include a demo of On the Road Lending's Salesforce instance, built and maintained by Craftsman Technology [More]

RE: Business vs. Individual Credit Reporting

Wed, 2020-10-21 10:43
From : Communities>>Open Forum
Hello everyone - in order to facilitate this conversation a bit more in depth, I'd like to invite everyone to a Business Lender Roundtable that we're putting together on Friday, November 13th.  Gather together with CBA Members to take a deeper dive and share best practices in regard to credit reporting for small business loans. During this 90-minute session, CBA will facilitate discussion around how to establish equitable and effective policies and procedures for reporting your borrowers' small business [More]

RE: Small Business Needs--qualitative research

Wed, 2020-10-21 09:57
From : Communities>>Open Forum
Hello, Here is the report from our mini insight study about the experiences of small businesses during the pandemic. I'm happy to answer any questions you might have. Tmeka

Files Attached Document
Small Business Needs--qualitative research Attachments

Pages