CDFI Connect Community Discussions

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Updated: 33 min 39 sec ago

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]

RE: Raising private capital - training for CDFIs

Thu, 2021-09-09 17:53
From : Communities>>Open Forum
Hello, I want to attend all of these, however I cannot make the one on the 14th.  Will there be recorded versions available?   Thank you.  Best, Dave G. ------------------------------ David Gatz Founder Progressive Marketing Solutions LLC New Port Richey FL 727-264-1323 ------------------------------

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

Wed, 2021-09-08 18:41
From : Communities>>Open Forum
We launched LenderFit last Thursday.  It took us two weeks to go from contract to being live.  The Lenderfit team was great and met with us often as we configured the workflow for our lending program.  From the demo their team does, you'll see that it's a very easy platform for staff to customize/change as needed.   In 6 days, over a holiday weekend where staff had off 4 days, we've had 29 applicants begin uploading items with one applicant uploading everything in less than 24 hours. Prior to LenderFit [More]

RE: Receipt of RRP Funds

Wed, 2021-09-08 15:43
From : Communities>>Open Forum
We got our funds a couple of days after we'd gotten notice that the Assistance Agreement had been countersigned by the Fund. We had signed the agreement weeks before that. ------------------------------ Kate Barr President & CEO Propel Nonprofits Minneapolis MN 612.278.7182 ------------------------------

RE: Receipt of RRP Funds

Wed, 2021-09-08 15:39
From : Communities>>Open Forum
We did receive our funds. Jeanne Schroer, CRE President/Chief Executive Officer Catalytic Development Funding Corp. of Northern Kentucky 50 E. RiverCenter Blvd., Ste. 260 Covington, KY 41011 859-757-0518 phone 859-760-9398 mobile

RE: Receipt of RRP Funds

Wed, 2021-09-08 10:26
From : Communities>>Open Forum
We still have not received funds, and we signed the Assistance Agreement 7/29. Have others received their funds? ------------------------------ [Laura] [Buxbaum] [SVP, Public Policy and Resource Development] [CEI] [Brunswick] [ME] [(207)509-5873] ------------------------------

Forecasting software for lending

Wed, 2021-09-08 09:18
From : Communities>>Open Forum
Good morning all, Can anyone suggest a software program to use to that can forecast lending with projected profit margins? Also, if you outsource, who you might be using? It would be most helpful. Thank you. ------------------------------ Roberta McCullough Senior Vice President of Operations, ICAP Institute Capital Durham NC 919.956.2320 ------------------------------

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