CDFI Connect Community Discussions

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MicroLending Essentials, Feb 20-21 in Los Angeles

Fri, 2019-01-18 13:59
From : Communities>>Open Forum
Our members often ask us where they can send staff for microloan underwriting training. When we looked around, we didn't find any that had evolved with current underwriting practices. So we designed a training ourselves. Susan Brown, CAMEO's microlending specialist with over 25 years of experience, developed a training for microlending credit analysis, with input from some of the strongest lenders in the field today. The training consists of two days on microlending credit analysis including discussion [More]

RE: Approval Matrix

Tue, 2019-01-15 15:36
From : Communities>>Open Forum
Hi!  Thx for sharing, did we ever get the Appendix A?  Lora ------------------------------ Lora Baldracchi NMLS Loan Originator #719004Loan Fund Director Worcester Community Housing Resources, Inc. Worcester MA (508) 799-0322 x112 ------------------------------

Tip Tuesday: Privacy Settings

Tue, 2019-01-15 11:07
From : Communities>>Open Forum
Similar to other platforms, there are several security features that are a part of your profile. You have the ability to configure these settings and control the information you would like to share with other community members. Follow these steps to access these settings: Navigate to your profile  Click the My Account tab and select Privacy Settings A list of options will appear that can be changed by clicking the drop down and selecting your preferred option: My Contacts : The content can only [More]

Invest Detroit is Hiring!

Tue, 2019-01-15 10:11
From : Communities>>Open Forum
Invest Detroit is looking for a superstar Chief Credit Officer to join our team and mission to improve the lives of all Detroiters! Invest Detroit is experiencing unprecedented organizational growth and is seeking a Chief Credit Officer who will oversee the credit process that supports our mission-driven real estate, commercial lending and venture investment activities. The Chief Credit Officer will manage a team of credit professionals and be accountable for the credit underwriting process, approval [More]

Files Attached Document
Invest Detroit is Hiring!

RE: New paper on ESOPs and Opportunity Zones

Sat, 2019-01-12 13:58
From : Communities>>Open Forum
Hi, If I can help anyone with ESOP questions, please fee free to contact me. I've been CDFI/economic development way back to my years at Shorebank, and have a dozen years structuring and financing ESOPs for employee ownership. The ESOP world is a small, friendly community, so any of the people involved will also be glad to help. Best, Michael Golden -- SESESOP Strategies -- email mago@sesesop.com or LinkedIn www.linkedin.com/in/goldenmichaela are both good. ------------------------------ Michael [More]

RE: 1/9/19 Webinar and Funding Opportunity for Credit Unions: Using Secondary Capital to Drive Financial and Community Impact

Fri, 2019-01-11 12:23
From : Communities>>Open Forum
Thanks, Jamie! ------------------------------ Cathi Kim Director, Inclusiv/ Capital Inclusiv New York NY (212) 809-1850 ------------------------------

Impact Analyst Intern - seeking to fill in January

Fri, 2019-01-11 12:21
From : Communities>>Open Forum
Looking to bring on someone for the spring semester with particular emphasis in February and March of 2019.  I appreciate you sharing this with your networks. I also encourage candidates to share a little bit about their interest in the position so I can get to know their motivations a little.  Here is the link to apply and the internship description is attached. Career Opportunities | www.cityfirstbank.com ------------------------------ Cynthia Newell Director of Impact and Strategic Partnerships [More]

Files Attached Document
Impact Analyst Intern - seeking to fill in January

RE: 1/9/19 Webinar and Funding Opportunity for Credit Unions: Using Secondary Capital to Drive Financial and Community Impact

Fri, 2019-01-11 12:09
From : Communities>>Open Forum
Thanks, Cathi. It's a great resource for credit unions! We always have clients inquiring about it. I'll send them directly to you in the future. ------------------------------ Jamie (Chase) Strayer Founder CU Strategic Planning jamie@creditunionstrategicplanning.com (253) 200-0418 ------------------------------

RE: 1/9/19 Webinar and Funding Opportunity for Credit Unions: Using Secondary Capital to Drive Financial and Community Impact

Fri, 2019-01-11 11:55
From : Communities>>Open Forum
Hi there! Our current rates are based on equivalent term treasury yield plus 1.50% to 3.25%. As our secondary capital loans are impact investments, rates are based on several factors that include assessments of credit, financial trends, business plan and impact model.  ------------------------------ Cathi Kim Director, Community Development Investment Program National Federation of Community Development Credit Unions New York NY (212) 809-1850 ------------------------------

RE: Approval Matrix

Fri, 2019-01-11 10:25
From : Communities>>Open Forum
Tiffany, Thanks for sharing -- the matrix itself ("attachment A") doesn't seem to be there with it, though! Spike ------------------------------ Spike Hosch Executive Director BetterFi Coalmont TN 931-313-9942 ------------------------------

Now Hiring Director of Business Lending - Vermont Community Loan Fund

Thu, 2019-01-10 15:30
From : Communities>>Open Forum
The Vermont Community Loan Fund , a nonprofit CDFI revolving loan fund, is recruiting an experienced lending professional to help us meet our goal of providing economic opportunities to low- and moderate-income Vermonters. This full-time supervisory position is a key member of senior management and is involved in both strategic and tactical decision-making. The Director of Business Lending will work directly with individuals and organizations seeking VCLF funding. VCLF finances a wide variety of [More]

RE: Approval Matrix

Thu, 2019-01-10 10:25
From : Communities>>Open Forum
NeighborWorks Rochester Lending Policy Manual I am doing something similar and through some research stumbled across the Lending Policy Manual for NeighborWorks Rochester (link above) and found it very useful! I have also uploaded the file if you would like to just download it or review it from here. Best of luck! ------------------------------ Tiffany Bernethy Commercial Loan Officer Metro Community Development, Inc. 810-767-4622 x 450 tbernethy@metroflint.org ------------------------------

Files Attached Document
RE: Approval Matrix

Training: CRA for Bankers

Wed, 2019-01-09 16:11
From : Communities>>Open Forum
National Community Reinvestment Coalition's CRA for Bankers Training February 7, 2019 NCRC 740 15 th St., NW Third Floor, Washington, DC 20005 9:00 AM - 5:00 PM In this course, participants will learn how regulators evaluate and score CRA activities and investments as well as how to work well with communities and municipalities to safely meet CRA obligations using local planning coalitions and tools. If you need hotel accommodations we suggest the Sofitel Washington DC . Register now Trainers: [More]

RE: Signature authority examples?

Wed, 2019-01-09 16:04
From : Communities>>Open Forum
We could use the same!  Please.. Cyndi ------------------------------ Cyndi Barber, CPA Director of Finance & Administration Network for Oregon Affordable Housing cyndib@noah-housing.org 503 501 5542 office 503 730 7486 cell ------------------------------

Approval Matrix

Wed, 2019-01-09 16:03
From : Communities>>Open Forum
Good Afternoon, We are creating an 'approval matrix' to cover two things the lending side of the house and operations. We are at a loss on format (and some content/level of detail).  Does anyone have a tool they can share? Best, Cyndi ------------------------------ Cyndi Barber, CPA Director of Finance & Administration Network for Oregon Affordable Housing cyndib@noah-housing.org 503 501 5542 office 503 730 7486 cell ------------------------------

OMB Uniform Guidance - Procurement Standard & Waiver

Wed, 2019-01-09 16:00
From : Communities>>Open Forum
Good Afternoon! We are looking for other CDFI's who have written/implemented the 'Procurement Standard' as required by the OMB Uniform Guidance.  If you have one you could share please let me know. In addition, it is a requirement to secure 'bids' for contracts over $150,000.  In our case we developers/builders seek us out to request a loan.  And they go through our rigorous lending process.  We only disburse CDFI funds for loan principals zero is spent on any other kind of cost in our organization. [More]

Tip Tuesday: 2018 Year in Review

Tue, 2019-01-08 11:31
From : Communities>>Open Forum
2018 was a year of tremendous growth for CDFI Connect! As we start a new year, let's take a moment to reflect on milestones reached by our community this year.  2018 Highlighted Statistics: Grew from 276 active community members in November 2017 (launch) to 2,124 active community members (as of December 2018) Over 500 threads (conversations) and over 1,300 total discussion posts (contributions) 578 files posted with over 4,000 downloads  41 different events posted within the Open Forum   [More]

RE: 1/9/19 Webinar and Funding Opportunity for Credit Unions: Using Secondary Capital to Drive Financial and Community Impact

Mon, 2019-01-07 11:45
From : Communities>>Open Forum
What is the current interest rate you charge credit unions for secondary capital? ------------------------------ Jamie (Chase) Strayer Founder CU Strategic Planning jamie@creditunionstrategicplanning.com (253) 200-0418 ------------------------------

Join our January Webinar: Credit Scoring for Immigrants with Nova Credit

Mon, 2019-01-07 09:31
From : Communities>>Open Forum
Thursday, January 17, 2018 2 pm Eastern / 1 pm Central / 12 pm Mountain / 11 am Pacific (one hour in length) Meeting Registration As the credit industry continues to respond and become more inclusive of individuals of all backgrounds and their needs, CBA is excited to partner with Nova Credit. In 2018, we expanded our credit report access services to include the Nova Credit Passport , an international report option. In this webinar, Nova Credit will share about how the Nova Credit Passport [More]

Signature authority examples?

Fri, 2019-01-04 16:29
From : Communities>>Open Forum
We are revising our signature authority levels as an organization, and I would love if anyone could share examples you've used within your CDFI. Thanks network! Robyn Bipes-Timm President, TCHFH Lending, Inc. Vice President, Loan Fund & Mortgage Lending, Twin Cities Habitat NMLS #1486469 F tel/fax 612-305-7132 Everyone deserves a safe, stable, affordable place to live. Get involved today!

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