CDFI Connect Community Discussions

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Updated: 24 min 32 sec ago

Pandemic CDFI Partnership Loan Fund - RISE Miami Dade Loan Fund

Fri, 2021-09-17 16:12
From : Communities>>Open Forum
During the Pandemic, a group of CDFIs, Government and local non-profits gathered to find a solution for overlooked and struggling small businesses in Miami-Dade County. Over a period of six months, the Miami-Dade Fund (RISE) grew from an idea to a diverse coalition working to establish an effective team to deliver technical assistance, advice, and much-needed capital to Miami-Dade County's hard-to reach small businesses. RISE emerged in a time of great need, but the coalition's lenders, funders [More]

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Pandemic CDFI Partnership Loan Fund - RISE Miami Dade Loan Fund

RE: INVITATION Learn about myfinalytics: tools for small business

Fri, 2021-09-17 09:43
From : Communities>>Open Forum
Thanks, Amber.  Looking forward to talk to you next week. - James ------------------------------ James Yagley Founder and CEO Fafnir Detroit MI ------------------------------

Spruce Root is hiring a Lending Outreach Specialist to serve small businesses in Southeast Alaska

Thu, 2021-09-16 15:07
From : Communities>>Open Forum
Hello to the CDFI community! We are excited to share the following job opportunity at Spruce Root, a non-profit, Native CDFI in Southeast Alaska: Are you looking to join a dynamic team working to build strong, localized economies and resilient communities in Southeast Alaska? Do you have experience in finance and/or lending, and a passion for community and economic development? Spruce Root is hiring a Lending Outreach Specialist to lead our loan program and assist Southeast Alaska's entrepreneurs [More]

RE: INVITATION Learn about myfinalytics: tools for small business

Thu, 2021-09-16 09:51
From : Communities>>Open Forum
Thank you for sharing this. We need more tools in TA. I signed up for the webinar. ------------------------------ Amber Cordoba Director of Business Education and Consulting Services PRESTAMOS CDFI Amber.cordoba@cplc.org ------------------------------

Sample RFP for technology services

Thu, 2021-09-16 09:28
From : Communities>>Open Forum
We are a small rural CDFI with diverse lending in auto, business, consumer, and single family housing. We are seeking technology services to help with customer relations management, data tracking, and some loan processing. Does anyone have a sample RFP for Technology Services that can be shared? I've been keeping notes on previous conversation threads about platforms and vendors for these services but will take any new comments or recommendation you want to share. Laura West-Kralcik, Vice President [More]

RE: University Affiliated CDFIs

Thu, 2021-09-16 09:15
From : Communities>>Open Forum
Thanks Mary for this information, and everyone for this thread topic. Mary, what does strong university participation look like for the CDFI? Robin Pointer Senior Development Manager The Enterprise Center Philadelphia, PA ------------------------------ Robin Pointer Development Manager The Enterprise Center Capital Corporation Philadelphia PA 215-895-4099 ------------------------------

What did 75 affordable housing CDFIs do today?

Wed, 2021-09-15 16:35
From : Communities>>Open Forum
Dear Colleagues - they participated in our webinar "Are you attracted to the CDFI Fund Capital Magnet Fund Program?"  Here is the link to the recording. Good luck! ------------------------------ Jason Friedman President and CEO Friedman Associates 319.341.3556 jasonj@friedmanassociates.net New website! www.friedmanassociates.net ------------------------------

RE: University Affiliated CDFIs

Wed, 2021-09-15 11:12
From : Communities>>Open Forum
Hi Mark - there are two CDFI credit unions that are affiliated with universities: the University of Louisiana Federal Credit Union and the University of Michigan Credit Union. I believe that the University of Michigan Credit Union was CDFI certified in the last few years. ------------------------------ Jennifer Weitzel Managing Consultant FUND Consulting, LLC Chicago IL ------------------------------

Alignment with investors on racial equity

Wed, 2021-09-15 10:56
From : Communities>>Open Forum
IFF is beginning to look at how we can explore alignment around equity and inclusion with our investors.  If you are a CDFI striving to be anti-racist, how do you engage in conversations with investors about your organizational journey?  Do you invite investors to share their learnings and experiences?  Do you use a set of principles or any tools to guide these conversations?  If you are an investor, how do you engage in discussions like these with your investees?  ------------------------------ [More]

INVITATION Learn about myfinalytics: tools for small business

Wed, 2021-09-15 10:31
From : Communities>>Open Forum
Members of the CDFI Connect Community are invited to learn about myfinalytics, our online platform providing best-in-class financial management tools for small business owners. Myfinalytics is a valuable resource to enhance your small business technical assistance. Use myfinalytics to help your clients understand their financial situation and make the right decisions. This webinar will introduce myfinalytics, how it works, and how you can incorporate it into your Technical Assistance program. [More]

RE: University Affiliated CDFIs

Wed, 2021-09-15 09:44
From : Communities>>Open Forum
Northern Initiatives in Michigan began in 1996 when a Northern Michigan University sponsored program became independent with a board composed 50/50 with appointees of the university and ShoreBank Corporation. It has grown steadily since then with strong university participation. -- Mary Houghtonc/o National Community Investment Fund135 S. LaSalle Street, Suite 3025Chicago, IL 60603312-543-6110 (cell)mary.houghton@mj73.netmary.houghton4 (skype)

RE: Recommending loan amortization software

Tue, 2021-09-14 14:32
From : Communities>>Open Forum
Hi Kenneth,  Fern software's management solution lets you manage your loans end to end. It has a very sophisticated and flexible loan amortization page where you can calculate amortization with seasonal payment, balloon payment, forbearance, generate custom schedule, loan rescheduler with automatic amortization schedule recalculation. We can organize a demo call to show you the features if you like. Please let me know. ------------------------------ Regards, Shajed Al Haque Head of Business Transformation [More]

University Affiliated CDFIs

Tue, 2021-09-14 14:14
From : Communities>>Open Forum
Hi all, Does anyone know of a CDFI that is directly affiliated with a university or college?  Not just win-win MOUs but actual management participation.  Mark ------------------------------ Mark Scarano Executive Director Community Business Partnership Springfield VA 7037681440x108 ------------------------------

RE: Recommending loan amortization software

Tue, 2021-09-14 12:29
From : Communities>>Open Forum
Hi Kenneth! IvyTek has a robust amortization calculator built directly into our loan management software and can satisfy the requirements you outlined.  Let me know if you would like to have a more in-depth conversation about Pacific Community Ventures' specific needs. Warm Regards, Sandy Griggs, Director of Client Services sandy@ivytek.com 904-504-6968 (c) IvyTek, Inc. How Do You Measure Your Software ROI? ------------------------------ Sandra Griggs Director of Client Solutions IvyTek [More]

Recommending loan amortization software

Mon, 2021-09-13 17:48
From : Communities>>Open Forum
Hi everyone,  Looking for software recommendations for an amortization calculator. I read through some older posts on the forum from 2018 and folks were recommending Trakker, Nortridge, Down Home, and TValue. Is this still the case - does your organization use and recommend a different software? Do you use an all-in-one loan software or a separate tool for am schedules? Some of our requirements include a software that allows custom forbeance options, automatic updates after re-amortization, and [More]

RE: Member Monday

Mon, 2021-09-13 12:41
From : Communities>>Open Forum
In this week Member Monday, we would like to highlight the work of our newest member Dorchester Bay EDC. For 42 years, Dorchester Bay Economic Development Corporation has worked to fulfill its mission to build a strong, thriving, and diverse community in Boston's Dorchester neighborhoods through civic engagement, leadership development, creating economic development opportunities in Dorchester for businesses and individuals. Dorchester began this work in 1979, and to-date have built and preserved [More]

Webinar: Are You Attracted to the CDFI Fund Capital Magnet Fund Program?

Fri, 2021-09-10 19:09
From : Communities>>Open Forum
​Dear Colleagues: Are You Attracted to the CDFI Fund Capital Magnet Fund Program? Join us for a webinar on Sep 15, 2021 at 2:00 PM CDT.   Register Here. The NOFA for the Capital Magnet Fund program is out! CMF offers competitively awarded grants to finance affordable housing activities, as well as related economic development activities and community service facilities. Awardees are able to utilize funds to create financing tools such as loan loss reserves, revolving loan funds, risk-sharing [More]

EVP, Cooperative Solutions, ROC USA

Fri, 2021-09-10 11:31
From : Communities>>Open Forum
ROC USA is bringing new talent to its founding Executive Leadership Team.  The EVP will lead Cooperative Solutions, a new Service Unit responsible for our B2B (ROC USA Network of 12 TA affiliates) and B2C (direct TA to co-op communities) services.  ROC USA Network presently serves 281 Resident Owned Communities and nearly 19,000 Member-owners in 18 (and by year-end, 20) states!       Concord, NH or Washington, DC, with some combination of remote and in-person possible. See the job posting at:  Careers [More]

RE: Lenderfit 's Features Assessment -- Share Your Thoughts Please

Fri, 2021-09-10 09:14
From : Communities>>Open Forum
We have been using Lenderfit for since the beginning of 2021 and it has been an outstanding experience.  The support that we have received from the Lenderfit team has been timely and top notch, and our customers have told us that the platform is easy to use.  It has cut down on time spent per client for our staff members. In terms of features, the 2 top are the notifications that documents have been uploaded and the automatic reminders to clients. ------------------------------ Victor Salama Executive [More]

RE: Lenderfit 's Features Assessment -- Share Your Thoughts Please

Thu, 2021-09-09 22:59
From : Communities>>Open Forum
We are absolutely loving Lenderfit! The texts and emails take a huge workload off of my team who previously spent a good portion of their day doing follow up work. I like that everything is noted as well so it's easy for anyone to refer back to the communication dates and details and it is in our future plans to sync with our downhome and salesforce platforms. Something we are also loving is that we can customize our checklists in the funding process and it's not all focused on financing- we have [More]

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