CDFI Connect Community Discussions

Subscribe to CDFI Connect Community Discussions feed CDFI Connect Community Discussions
View RSS Feed from Opportunity Finance Network
Updated: 53 min 25 sec ago

Austin, Texas in September

Fri, 2019-09-06 14:00
From : Communities>>Open Forum
Howdy CDFI Friends and Family, Wanted to alert you and your staff to a few events taking place in Austin, Texas later this month.  First, we are hosting a  1 ½ day workshop September 24-25 that can help accelerate financial inclusion in your community by participating in interactive activities to learn how to engage diverse populations and implement two impactful programs to grow business and membership for the organization: ITIN Lending and a Small Business Lending Referral Program. We are holding [More]

RE: Low/Moderate Income Data Recording Automation

Fri, 2019-09-06 13:39
From : Communities>>Open Forum
Hi Jamie, We are a software provider for local and state housing agencies, developers, investors, and CDFI's.  We automate and provide this data so you can easily confirm regulatory compliance.  Feel free to contact me for more information.  Debra L. Starbuck, dstarbuck@Prolinksolutions.com 720-833-3737 ------------------------------ Debra Starbuck Sr. Product Marketing Manager ProLink Solutions 530-878-8075 ------------------------------

RE: Quarterly Interest Accrual Reporting / Downhome

Thu, 2019-09-05 19:16
From : Communities>>Open Forum
Hi everyone! Now that autumn is just around the corner and summer vacations are drawing to an end, we're reaching out again in case we missed someone...   @Laurel Stark and I work together​ at Spruce Root, Inc.  and are hoping that some of our fellow small business CDFIs has a solution for quarterly reporting for irregular payment schedules using DownHome​ Loan Manager cloud software.  (We have some loans with repayment schedules exceeding the traditional reporting quarters, so the accrual amounts [More]

RE: establishing a community development fund

Thu, 2019-09-05 18:50
From : Communities>>Open Forum
Hi @Rick Schloemer , I seem to remember meeting some fellow OFN members at one of the national conferences in either DC or Chicago who had similar programs.  Unfortunately I cannot remember a specific name.   Hoping my reply puts this back at the top of everyone's inbox​ to get it circulating again....Best of luck to you and your efforts! p.s. - I will also let you know if I find any leads. ------------------------------ Caprice Pratt Small Business Lending Outreach / Underwriter Spruce Root, Inc., [More]

RE: 5 Step Project Approach - Lessons Learned in Technology Implementations

Thu, 2019-09-05 18:46
From : Communities>>Open Forum
Nice job @Lily Leavitt - Thanks for sharing!​ ------------------------------ Caprice Pratt Small Business Lending Outreach / Underwriter Spruce Root, Inc., Southeast Alaska ------------------------------

RE: Seeking Sample Photo/Video Release Form

Thu, 2019-09-05 13:36
From : Communities>>Open Forum
One more thing... I'd also suggest adding a field to collect the signer's preferred social accounts, so if you're posting stories or other promo, you can expand your network by tagging theirs. ------------------------------ Megan Crook Community Engagement & Outreach Manager AltCap Kansas City MO 816.216.1851 ------------------------------

RE: NCRC CRA white paper on community development financing and assessment areas

Thu, 2019-09-05 12:30
From : Communities>>Open Forum
@Josh Silver I just got to reviewing my prior CDFI Connect updates and saw your link.  Thanks for taking the time to share your findings with everyone!  I will be keeping it for reference.  (If it hasn't already, perhaps it should be added to the reference library here as well.  @Seth Julyan ?)​ ------------------------------ Caprice Pratt Small Business Lending Outreach / Underwriter Spruce Root, Inc., Southeast Alaska ------------------------------

RE: CDFIs Response to NYT Reporting on Opp Zones?

Thu, 2019-09-05 11:39
From : Communities>>Open Forum
OFN applauds and supports those CDFIs that are using (or attempting to use) the opportunity zone tax incentive to support impactful projects in their communities. At our upcoming annual conference in DC, we are offering a session to highlight these examples. (October 23 10:45 – 12: 15) At the same time, we recognize the serious limitations in the current law. Increasingly, our thoughts are turning to possible reforms to this tax incentive and whether there are changes OFN could promote in an "Ozones [More]

Low/Moderate Income Data Recording Automation

Thu, 2019-09-05 11:30
From : Communities>>Open Forum
Is anyone willing to share how you record low/moderate income status for your clients? Our compliance person is working on some items related to this and we are trying to see if we can automate the process. I know for example many people use the HUD income tables to determine this - but this is a lot of manual data lookup. I feel like there should be some sort of way to automate this - for example, using an API to look up the HUD income table values based on what clients enter as their income information [More]

RE: Seeking Sample Photo/Video Release Form

Wed, 2019-09-04 14:18
From : Communities>>Open Forum
Thank you to everyone who took the time to share with me the media release/waiver tools that your organizations currently use. As promised, I have attached a copy of what our organization decided to use for now. As the use of social media continues to evolve, I suspect our release form will too. Until then, we have incorporated the language in the attached form into our loan documents for ease of use and will use this stand-alone form for existing clients.  Best Regards to All,  Barbara Anne ------------------------------ [More]

Files Attached Document
RE: Seeking Sample Photo/Video Release Form

CDFIs Response to NYT Reporting on Opp Zones?

Tue, 2019-09-03 11:54
From : Communities>>Open Forum
Good morning Connect Community - initial observations/reporting on OZones is confirming the suspicions of many that these projects will do little to achieve the goal of fostering a more inclusive economy.  I know that several CDFIs are venturing into the breach; it would be great to hear about their perspective and learning so far.  Thanks. https://www.nytimes.com/2019/08/31/business/tax-opportunity-zones.html ------------------------------ Jason Friedman Principal Friedman Associates 319-341-3556 [More]

RE: Impact Investment Funds

Tue, 2019-09-03 11:07
From : Communities>>Open Forum
Thanks Jason - started down this road a couple of years ago, then backed off, now its back in discussion. We will see where it ends up. Kim Jacobs President/CEO Community Capital New York 44 Executive Boulevard, Suite 203 Elmsford, NY 10523 Phone: (914) 747 8020 extension 112 Fax: (914) 747 2049 kjacobs@communitycapitalny.org www.communitycapitalny.org

RE: Shared back office for start-ups?

Fri, 2019-08-30 13:32
From : Communities>>Open Forum
Hi  @Clifford Rosenthal - The Center for Family Life in Brooklyn provides shared back-office support for the immigrant co-ops they incubate​, which include house-cleaning, in-home care, pet care and tutoring, among others. Their recently-released Co-op Start-Up Guide includes a template for co-op members to easily share important information with their office support.  Another model is the  Development and Support Cooperative which is at the hub of the Arizmendi association of cooperatives in California's [More]

Loan Loss Reserve/Loan Risk Rating

Fri, 2019-08-30 10:08
From : Communities>>Open Forum
​I'm wondering if anyone would be willing to share how they risk rate their loans in their portfolio.  A significant amount of our work is home rehab loans that are in 2nd position.  Any help would be appreciated! Thank you ------------------------------ Noah Hobbs Lending Director One Roof Housing Duluth MN 218-249-0364 ------------------------------

RE: The Federal Reserve's National CDFI Directory is now available!

Fri, 2019-08-30 10:05
From : Communities>>Open Forum
@Sara Stoffers ​​- My pleasure! That's great to hear. My San Francisco Fed colleagues may be good resources to help with this development. I'd be happy to talk more at the OFN Conference -- I'll be at the Meet the Federal Reserve breakfast on Monday morning (Oct. 21) and will be around throughout the conference. Hope to connect with you there to discuss further! ------------------------------ Emily Wavering Corcoran Senior Research Analyst Federal Reserve Bank of Richmond Richmond VA ----------- [More]

RE: The Federal Reserve's National CDFI Directory is now available!

Thu, 2019-08-29 14:15
From : Communities>>Open Forum
@Emily Wavering , Thank you for sharing the directory.  We are working locally, in Utah, to grow CDFI investment and business lending opportunities.  If you (or any others reading this) are interested in assisting us with developing the Utah CDFI market, please contact me.  I'll also be at the OFN conference in October. Sincerely, ------------------------------ Sara Stoffers Manager, Business Information Center Ogden City saras@ogdencity.com ogdenbic.com​ ------------------------------ ------------------------------------------- [More]

RE: The Federal Reserve's National CDFI Directory is now available!

Wed, 2019-08-28 14:21
From : Communities>>Open Forum
Thanks @Emily Wavering - you'll be receiving an email soon.  Since I know of four additional CDFIs in Alaska which were not included in the directory, I am tagging some contacts here.... @Lori Canady @Cindy Mittlestadt @Jeff Tickle @Mary Miner Thought you all might want to respond to the survey (via email) as well!​​​ ------------------------------ Caprice Pratt Small Business Lending Outreach / Underwriter Spruce Root, Inc., Southeast Alaska ------------------------------

RE: The Federal Reserve's National CDFI Directory is now available!

Wed, 2019-08-28 13:30
From : Communities>>Open Forum
Thanks for your interest, @Caprice Pratt ! Although the survey is closed, we are still accepting contact information from CDFIs who would like to be included in the Directory! If you could email me the information below (emily.corcoran@rich.frb.org), I'll add Spruce Root to the Directory: ​​ Contact Name: Title/Position: Address: Address 2: City/Town: State/Territory: Zip Code: Email Address: Phone:   What type of organization is your CDFI? (Select all that apply. E.g. If your organization [More]

RE: The Federal Reserve's National CDFI Directory is now available!

Wed, 2019-08-28 13:18
From : Communities>>Open Forum
Thank you @Emily Wavering for sharing!  I appreciate the resource and was dismayed to see that Spruce Root, Inc. was not included!   I was going to respond to the 2019 survey to make sure we were included for next year's resource, but the survey closed June 20th.  Ugh!  At least it's on our radar now and I am adding it to my calendar.  (Sadly, @Surekha Carpenter created a post " REOPENED: 2019 FEDERAL RESERVE SURVEY OF CDFIS," but I did not see it until today.) @Seth Julyan can we add this directory [More]

RE: Equipment financing

Wed, 2019-08-28 12:30
From : Communities>>Open Forum
Hello @Greg Lambert , Spruce Root is a small business lender in Southeast Alaska.  While there are certainly many on this forum who are far more qualified to respond to your question than I, it is better to have some help than no help. :O) Do you have specific questions that you could post here or are you looking for a telephone conversation?  (If the latter, just send me a message and we can set up a date/time to talk.) I'm not sure how much help I can provide, but am always willing to "pay it forward" [More]

Pages