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RE: Loan Programs Property Owners

Thu, 2021-03-18 12:50
From : Communities>>Open Forum
@Anita Smith-Dixon ​ ------------------------------ Amy Schaftlein Executive Director United Housing, Inc. Memphis, TN 38118 901-728-6921 ------------------------------

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RE: Loan Programs Property Owners

RE: Loan Programs Property Owners

Thu, 2021-03-18 10:00
From : Communities>>Open Forum
Hi Anita, we are creating a Rental Preservation Loan program because over half of our single-family homes in Memphis, TN are rental and the only home repair programs available were for homeowners. The program is in the testing stage, we are offering up to $80,000 per unit for single-family and small multi-family complexes (like quads and six-plex, etc.) at a 5 year term, 10-year am and 3.5% rate at the moment. It was at 6% then 4.5% now with rates low we reduced again. We target local property owners [More]

RE: CDFI FA Use

Thu, 2021-03-18 09:46
From : Communities>>Open Forum
Noah - Eligible uses of an FA award include: Financial Products (i.e. loan capital) Loan Loss Reserve Development Services (explicitly training and technical assistance) Up to 15% for Direct Administrative Expense (which is not overhead, but expenses directly related to lending, such as underwriting, servicing, etc.) Considering these eligible uses, you can support staff time for the provision of homebuyer education and counseling. "Launching a new product for credit reporting" could potentially [More]

RE: CDFI FA Use

Thu, 2021-03-18 09:29
From : Communities>>Open Forum
Good Morning Noah, We have received a number of CDFI awards since the formation of the program, and while we have primarily used the awards for similar purposes, there are a number of allowed uses that are explicitly described in the NOFAs.  Some that we have considered in the past is using it to branch into new locations/populations, but with Vermont being as mono-ethnic as it is, we cannot really make that case.  Other states with larger minority populations could use funds to target services to [More]

RE: Credit Repair Services

Wed, 2021-03-17 11:22
From : Communities>>Open Forum
Working Credit NFP is national and does credit management and building at a distance. ------------------------------ Geri Aglipay Small Business Majority Washington DC (202) 828-8357 ------------------------------

Loan Programs Property Owners

Wed, 2021-03-17 09:37
From : Communities>>Open Forum
Does anyone offer a rental property improvement loan for small single family property owners? If yes, are you willing to share your program guidelines? Yours sincerely, Anita Smith-Dixon Executive Director Community Housing Services Agency, Inc. (CHSA) O: 912-651-2169 F:912-525-1764 1375 Chatham Parkway, 2 nd Floor Savannah, GA 31405 Mailing Address: P.O. Box 1027, Savannah, GA 31402 http://chsainc.org Vision: Communities in which safe and quality housing, neighborhoods and living [More]

CDFI FA Use

Wed, 2021-03-17 09:21
From : Communities>>Open Forum
Hey folks, We have applied for and received 4 CDFI FA awards and have used them exclusively for lending capital (both to launch new products and to increase production).  I'm wondering if you can use an FA award for homebuyer education and counseling work staff time as well as staff time for launching a new product for credit reporting (staff time not money for that program).   Thanks for any insight. ------------------------------ Noah Hobbs Lending Director One Roof Housing Duluth,\ MN 218.249.0364 [More]

RE: Credit Repair Services

Wed, 2021-03-17 07:16
From : Communities>>Open Forum
I can second that. Operation Hope is an outstanding organization based in Atl. They have what are called Hope Inside offices where they partner with a company including many banks to set up shop in their facility, often in the main lobby for visibility. They are quite active in NC. It's a great program that is of course, free. I know them well and can connect you to John Hope Bryant himself or one of is senior staff. Glad to do it. Best Regards, David P. Fehrenbacher, CRMA Director, Financial [More]

RE: Credit Repair Services

Tue, 2021-03-16 12:30
From : Communities>>Open Forum
Hello Hyder, We work with Operation Hope and they have offices in California.  Hope this helps!  https://operationhope.org/our-locations/ ------------------------------ Chris Lovegreen Loan Associate Thread Capital Raleigh NC 919-229-9718 ------------------------------

RE: Stephen Colbert supports CDFIs!

Tue, 2021-03-16 11:30
From : Communities>>Open Forum
Thanks for the shoutout Jason! ------------------------------ Eric Weaver Founder and Senior Advisor Opportunity Fund San Jose CA (408) 297-0204 Founder and Senior Advisor ------------------------------

New York District FHLB - Your experience?

Tue, 2021-03-16 11:19
From : Communities>>Open Forum
I've been asked to do a presentation on CDFIs for the Federal Home Loan Bank of New York, encouraging membership. Anyone have experience to share? Thanks! ------------------------------ Clifford Rosenthal Principal Archer+Rosenthal Brooklyn, NY 917-903-1927 ------------------------------

RE: Tip Tuesday

Tue, 2021-03-16 10:16
From : Communities>>Open Forum
Tip Tuesday  of the week! On your profile's main page, you are able to change your address and phone number. However, if you wish to change your organization or email, please contact  especht@ofn.org  to change on our backend! ------------------------------ Elizabeth Specht Member Engagement Associate Opportunity Finance Network Southwest DC (202) 618-6100 ------------------------------

Business Credit Reporting

Tue, 2021-03-16 09:54
From : Communities>>Open Forum
Hello! I posted here several months ago about creating policy for adding business credit reporting as well as consumer reporting. We are still looking to connect with other lenders that may have policies about how they determine who gets reporting to which bureaus: consumer only, consumer and business, or business only. Does it change by the relationship you have with clients, loan size, payment history, or other factors? We currently report all of our clients to both consumer and business bureaus [More]

RE: Stephen Colbert supports CDFIs!

Tue, 2021-03-16 09:41
From : Communities>>Open Forum
That's awesome! Wonder how he selected Accion? Great for them and their clients! ------------------------------ Inja Coates Customer Relationship Manager The Enterprise Center Capital Corporation Philadelphia PA 215-895-4000 ------------------------------

RE: Credit Repair Services

Tue, 2021-03-16 09:20
From : Communities>>Open Forum
Good morning. Greenpath is a nation-wide non-profit that does really meaningful work around credit repair and financial counseling. Hope this is helpful. Warm regards, B. Barbara Eckblad (she, her) barbara@theeckbladgroup.com 262.707.6313

Stephen Colbert supports CDFIs!

Mon, 2021-03-15 18:14
From : Communities>>Open Forum
Ain't this grand! 100% of Late Show's proceeds go to The Accion Opportunity Fund Small Business Relief Fund, which supports small businesses impacted by the Covid-19 crisis. Just placed my order for the Friedman Associates team!  Click here . ------------------------------ Jason Friedman CEO Friedman Associates (319) 341-3556 jasonj@friedmanassociates.net www.friedmanassociates.net ------------------------------

Credit Repair Services

Mon, 2021-03-15 17:15
From : Communities>>Open Forum
Hi all, does anyone know of any reputable California wide or nation wide credit repair services that we can recommend clients to? ------------------------------ Hyder Shuja Credit Analyst Pacific Community Ventures Oakland CA 5622983524 ------------------------------

RE: Member Monday

Mon, 2021-03-15 11:04
From : Communities>>Open Forum
In this week's Member Monday , we would like to highlight the work of Community Investment Collaborative. Since their creation in 2012, CIC has helped 438 entrepreneurs develop over 382 businesses. CIC helped Angelic's Kitchen and Catering to expand her soul food restaurant in Charlottesville, VA. Owner Angelic explains she "is incredibly grateful to CIC for their continuing to support us, through their loan, mentoring and connections, we have made Angelic's Kitchen into a full-time family business" [More]

RE: Online payments system for Donations

Fri, 2021-03-12 09:52
From : Communities>>Open Forum
Hi Kyo. After using Network for Good's donation portal for many years, but being frustrated by its lack of flexibility, we switched to Click & Pledge a couple years ago. It  performs well for our purposes, with one exception--it's very difficult to connect with Google Analytics to harvest traffic data. Please let me know if you're interested in connecting with our Philanthropy Director, who investigated our options. Hope this helps. Steve ------------------------------ Steve Varnum Director of Communications [More]

RE: Online payments system for Donations

Thu, 2021-03-11 18:40
From : Communities>>Open Forum
Thanks so much Karen! Yes, we are a 501c and I'll look into those websites. There are SO many options out there, I'll try to find some webinars to look into it more as well. Especially during the pandemic, I feel there has been an explosion of new options. ------------------------------ Kyo Tang Treasury FA Housing Trust Silicon Valley 75 E. Santa Clara St, Ste 1350 ca 408-703-3837 ext.233 ------------------------------

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