CDFI Connect Community Discussions

Subscribe to CDFI Connect Community Discussions feed CDFI Connect Community Discussions
View RSS Feed from Opportunity Finance Network
Updated: 28 min 3 sec ago

RE: Data Collection Best Practices

Tue, 2019-05-28 14:29
From : Communities>>Open Forum
This is also something that we wrestle with, and I think its a common challenge for most organizations. Based on research we've done, here is the main challenge (as you know!): the real outcomes of community development work are neither easy to operationalize nor cost efficient to measure (in a meaningful way).  For example, in many cases, community economic development activity around small businesses does not create large numbers of jobs. And the jobs it does create are not necessarily "quality" [More]

RE: OFN Session the role of customer relationship management in improving compliance, outcome tracking, and developing sustainable small businesses.

Tue, 2019-05-28 12:30
From : Communities>>Open Forum
I'm happy to join. ------------------------------ Melissa Johnson Clearinghouse CDFI ------------------------------

RE: Risk Management Panel at OFN Conference?

Tue, 2019-05-28 09:58
From : Communities>>Open Forum
This sounds very constructive and well worth the effort. While non-credit union CDFI's are typically considered unregulated by state and federal law/agencies, our business model does invoke consideration of FINCEN requirements, KYC/BSA/AML/OFAC, CRA and Fair Lending, state consumer lending/banking laws, and likely others. Cal Calvin B. Vinal President & CEO Capital for Change (C4C): Hartford Office NMLS# 276717 121 Tremont Street, Hartford, CT 06105 O 860.586.2028 C 203.910.0130 [More]

RE: Manage a Housing Fund for a Local Employer

Mon, 2019-05-27 17:10
From : Communities>>Open Forum
Hi Lisa - This is a good opportunity for you. The interest earnings will be yours. There is no implication with SEC since it's a fund set by the local employer to benefit their employee. The employer can treat it as a contribution to your organization which would benefit them and you. You can use this fund to leverage other sources. If you would like to discuss more please reach me at 248-396-4858. Best! Ravi Yalamanchi ------------------------------ Ravi Yalamanchi Chief Executive Officer Metro [More]

RE: Data Collection Best Practices

Mon, 2019-05-27 12:39
From : Communities>>Open Forum
Victoria - this may get you started.I suggest you first separate out what your compliance requirements are from what you define as mission-driven success.  Funders are mostly looking for client outcomes - what will make your organization standout are to the degree you can capture long-term (3-5 year) impacts.  What changes in business activity are you looking for?   Aside from client outcomes, demonstrating the financial health of the organization is the other side of the coin.  With our myFund workbook, [More]

Files Attached Document
RE: Data Collection Best Practices

Funding

Sat, 2019-05-25 17:42
From : Communities>>Open Forum
Get paid to Bunite it's free and all ways will Be https://bunited.com/invite/BDTW-6480/06 https://affiliate.kcbank.io/?s=joynerdiscounts

RE: Risk Management Panel at OFN Conference?

Sat, 2019-05-25 10:54
From : Communities>>Open Forum
I agree. Management of risk throughout the loan development process from origination to servicing and management. Arlo D. Washington, Founder CEO PEOPLE TRUST COMMUNITY LOAN FUND 501-404-4857 Office 501-476-3910 fax 5300 W.65th Street Little Rock, AR. 72209 arlo@providingequalopportunities.org www.providingequalopportunities.org "P roviding E qual O pportunities P romoting L ending E xcellence"

Manage a Housing Fund for a Local Employer

Fri, 2019-05-24 10:53
From : Communities>>Open Forum
A local employer is interested in having HomesFund, a CDFI in Southwest Colorado, manage an affordable housing fund for their employees. They would provide the loan-fund capital but we would just manage it it would not be our loan-fund capital. We would get a fee for this service. I'm not sure who would get the interest (or shared-appreciation because that's how we typically structure our mortgage assistance loans). The fund would provide mortgage assistance loans exclusively to the employees of [More]

RE: Risk Management Panel at OFN Conference?

Fri, 2019-05-24 10:24
From : Communities>>Open Forum
I think this is a wonderful idea that all partners in the industry (lenders, cdfis and investors) could learn from. ------------------------------ Tiena Johnson-Hall SVP Community Development Finance Manager BBVA Compass Ontario CA (909) 285-3940 ------------------------------

RE: Risk Management Panel at OFN Conference?

Fri, 2019-05-24 09:57
From : Communities>>Open Forum
HI Sara, This would definitely be of interest to me as I've spent many years on the topic of risk management within the financial inclusion space as a founder, former Director, and current Steering Committee member of the Risk Management Initiative in Microfinance (RIM) and board member of the Professional Risk Managers' International Association (PRMIA) . As unregulated entities which many of us are, and in an industry which is quiet fragmented, the core challenge that we all face is the lack of [More]

Data Collection Best Practices

Fri, 2019-05-24 09:43
From : Communities>>Open Forum
Hello, My organization recently implemented Salesforce as our CRM system and developed an online loan application process, but we are struggling to prioritize the data we collect. We have a lengthy application which, in addition to loan and borrower information, includes a list of questions about outcomes. In addition, we are implementing an annual borrower survey to collect longer term outcome data on all of our active loans. Most of the outcome data we currently collect is what we are required [More]

RE: Risk Management Panel at OFN Conference?

Thu, 2019-05-23 21:16
From : Communities>>Open Forum
Great idea.  The management of risk throughout the loan development process from origination too servicing and management would be helpful to many CDFIs. Roberto Barragan President NCCLF, San Francisco ------------------------------ Roberto Barragan Principal Aquaria Funding Solutions Northridge CA (818) 416-2555 ------------------------------

RE: Risk Management Panel at OFN Conference?

Thu, 2019-05-23 18:43
From : Communities>>Open Forum
I am very interested in the internal audits, but maybe the only one... ------------------------------ Brian Sample Asset Management Vice President Mercy Loan Fund CO 303-830-3339 ------------------------------

RE: Risk Management Panel at OFN Conference?

Thu, 2019-05-23 12:17
From : Communities>>Open Forum
Very interested in this panel concept... Steve Fireman ECDI President and General Counsel Please know I often dictate emails for safety reasons and do not always catch errors, please excuse my mistakes!

RE: Gauging Interest for Research Collaborative

Thu, 2019-05-23 11:39
From : Communities>>Open Forum
Michael - I'm glad to hear that and I think having the Carsey Institute involved would be really great for this initiative. I work some with faculty from the UNC School of Government's Development Finance Initiative here in North Carolina. Finding more ways for CDFIs and academic institutions to collaborate would be something I'm hoping to explore. ------------------------------ Jamie McCall Vice President, Policy and Research Carolina Small Business Development Fund Raleigh NC (919) 803-1437 -- [More]

RE: Gauging Interest for Research Collaborative

Thu, 2019-05-23 11:31
From : Communities>>Open Forum
Thanks for sharing this! ------------------------------ Katy Stigers Research Director Fahe Berea KY 4239632921 ------------------------------

Impact Investing and Charter Schools

Thu, 2019-05-23 10:31
From : Communities>>Open Forum
Good morning all I'm a long time community member, but this is my first time posting a request or discussion topic... I am working on an analysis of 'impact investments' in support of charter schools, understanding current strategies and investments (mainly through CDFIs and Charter focused funds), as well as exploring opportunities forward... I would be grateful if community members might share any examples, resources or insights regarding this topic Many thanks in advance ANDREA ANDREA E McGRATH [More]

RE: Gauging Interest for Research Collaborative

Thu, 2019-05-23 10:19
From : Communities>>Open Forum
We also do research and would be interested in talking to others. Michael Swack, Director Center for Impact Finance Carsey School of Public Policy, University of New Hampshire 603 862-3201 michael.swack@unh.edu ------------------------------ Michael Swack The Carsey Institute Durham NH (603) 862-3201 ------------------------------

OFN Session the role of customer relationship management in improving compliance, outcome tracking, and developing sustainable small businesses.

Thu, 2019-05-23 10:07
From : Communities>>Open Forum
Dear Colleagues - we're getting interest in facilitating a panel on this subject.  Let's talk! Feel free to e-mail me off-line. Thanks. ------------------------------ Jason Friedman Principal Friedman Associates 319-341-3556 jasonj@friedmanassociates.net www.friedmanassociates.net ------------------------------

RE: Risk Management Panel at OFN Conference?

Thu, 2019-05-23 09:39
From : Communities>>Open Forum
Great idea, Sara, and yes, that would be of interest.  I would add interest rate risk management since we may be in a rising interest rate environment, although, that still remains TBD. ------------------------------ Chuck Wall Chief Financial Officer Renaissance Community Loan Fund, Inc. Gulfport MS ------------------------------

Pages