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Updated: 43 min 42 sec ago

CDFI Certification (Advisory Board and Proxies for Low Income)

Wed, 2020-07-29 15:00
From : Communities>>Open Forum
Hello- I'm working with a non-profit lender who is applying for CDFI certification.  We need help with two questions: 1) They are setting up an Advisory Board and would appreciate any advice on how to structure the board (e.g. how many members, term limits, etc.). If anyone could share their advisory board's charter or formation docs- that would be great. 2) They are lending to social service agencies (e.g. community centers, mental health orgs, foster youth services, etc.).  We have found guidance [More]

RE: Fed CDFI Survey is LIVE

Wed, 2020-07-29 11:04
From : Communities>>Open Forum
UPDATE: The Fed's CDFI Survey deadline has been extended to August 14 . You can submit a response here . If you'd like to preview the survey questions, the PDF questionnaire is attached, and is also available here . We know that CDFIs are dealing with many, many competing priorities right now, and that responding to a survey may fall lower on the priority list. This information really is critical to inform future policy actions -- if you have the capacity to respond, please do! ------------------------------ [More]

Files Attached Document
RE: Fed CDFI Survey is LIVE

RE: Best Advice/First Steps on a New CDFI

Wed, 2020-07-29 09:36
From : Communities>>Open Forum
Rod, I invite you to visit cdfifriendlyamerica.com to find out about a new way to attract CDFI financing. Mark ------------------------------ Mark Pinsky President Five/Four Advisors Philadelphia PA (215) 736-9525 ------------------------------

Best Advice/First Steps on a New CDFI

Tue, 2020-07-28 18:12
From : Communities>>Open Forum
We live in a metro area that has no CDFI in the urban core. There is a tremendous amount of opportunity to finance. What's are the best first steps to get one started? Rod Whitson Managing Partner The Strategy Shop 10 North Lee Suite 106 Oklahoma City, OK 73102 405-535-2818

RE: Tip Tuesday

Tue, 2020-07-28 10:24
From : Communities>>Open Forum
In this week's Tip Tuesday , we will show you how to keep in touch with OFN through our social media! ------------------------------ Elizabeth Specht Member Engagement Associate Opportunity Finance Network Washington (202) 618-6100 ------------------------------

Files Attached Document
RE: Tip Tuesday

2019 NMTC Application/2020 NMTC Allocatees

Mon, 2020-07-27 13:16
From : Communities>>Open Forum
Hi to all 2019 NMTC Application/2020 NMTC Allocatees, In addition to manually reaching out to each winner to see if they were looking for projects for their pipeline, I thought I would post something here too as it may be more efficient.  If you are an 2020 NMTC awardee, looking for projects, have a geographic interest in Georgia, have an interest in a project that is a non-metropolitan, DDA, QCT qualifying census tract, have an interest in agriculture which structured correctly will qualify, and [More]

RE: Help OFN Member, Native 360 Loan Fund, Win $125,000!

Mon, 2020-07-27 11:49
From : Communities>>Open Forum
Placed my second vite for you! Good luck from Cali! Cynthia Amador-Diaz Director Training & Development California Community Economic Development Association 244 S San Pedro Street Suite 412 c. 323.497.9475 p. 213.625.0105 f. 213.625.1227 cynthia@cceda.com www.cceda.com

RE: Help OFN Member, Native 360 Loan Fund, Win $125,000!

Fri, 2020-07-24 17:11
From : Communities>>Open Forum
Done! Congrats Native 360 Loan Fund and best of luck in round 2! ------------------------------ Teri Smith Community Loan Fund Director CASA of Oregon Sherwood, OR (503) 687-3316 ------------------------------

RE: Nonprofit Main Street Lending Program

Fri, 2020-07-24 12:52
From : Communities>>Open Forum
Michael: Please clarify eligibility for nonprofit CDFI Loan Funds.  Per the program FAQs, the Nonprofit Organization must not be an Ineligible Business. Ineligible Businesses include Businesses listed in 13 CFR 120.110(b)-(j), (m)-(s), as modified and clarified by SBA regulations for purposes of the PPP on or before April 24, 2020.   § 120.110 What businesses are ineligible for SBA business loans?  The following types of businesses are ineligible: (a) Non-profit businesses (for-profit subsidiaries [More]

RE: Help OFN Member, Native 360 Loan Fund, Win $125,000!

Fri, 2020-07-24 12:40
From : Communities>>Open Forum
​Just voted! Thanks Seth for sharing! ------------------------------ Rachel Smith Policy and Advocacy Specialist Rural Community Assistance Corporation West Sacramento CA (916) 447-9832; 1018 ------------------------------

RE: Facilities Financing and Small Business Support for Child Care Providers

Fri, 2020-07-24 10:58
From : Communities>>Open Forum
Children's Investment Fund (CIF) has been providing training, technical assistance, and financing to the early education and out-of-school time fields in Massachusetts since 1990. We've invested $73M in 572 capital projects over the years and were instrumental in the creation of a state capital bond program for the early education sector that has funded 38 large-scale projects since 2013. CIF organized an emergency technical assistance response to the COVID-19 crisis, focused particularly on the [More]

RE: Nonprofit Main Street Lending Program

Fri, 2020-07-24 09:15
From : Communities>>Open Forum
Excluding CDFIs that are 501c4 is also a limitation. ------------------------------ Ruben Alonso III President AltCap Kansas City, MO (816) 216-1851 ext. 1 ------------------------------

RE: Nonprofit Main Street Lending Program

Thu, 2020-07-23 16:53
From : Communities>>Open Forum
The interest rate for MSLP is decent for a direct borrower but too high for intermediary capital. ------------------------------ Kate Barr President & CEO Propel Nonprofits Minneapolis MN (612) 278-7182 ------------------------------

RE: Facilities Financing and Small Business Support for Child Care Providers

Thu, 2020-07-23 15:45
From : Communities>>Open Forum
Thus far, BOC Capital has focused on deploying PPP loans to licensed home-based daycares in NYC along with hands-on TA that extends to health and safety and access to additional resources. This is a sector and a group of microentrepreneurs that we have a longtime commitment to. Our affiliate, BOC Network has an existing client base of childcare businesses through its Child Care Business Development Project operating for fifteen+ years. BOC build's business management capacity for start-up and existing [More]

Help OFN Member, Native 360 Loan Fund, Win $125,000!

Thu, 2020-07-23 11:52
From : Communities>>Open Forum
Hi all,  Native 360 Loan Fund is a Native CDFI located in Grand Island, Nebraska.  Native 360 Loan fund recently was one of five Nebrasksa non-profits to  recieve a 175,000 grant from the Google.org Impact Challenge Nebraska.  Native 360 won  for providing "Native American Entrepreneurs with on-going technical assistance, not a "one and done approach" but a customized on-going technical assistance plan, combined with industry specific consultants and coachesand now have an opportunity".   Native [More]

RE: Facilities Financing and Small Business Support for Child Care Providers

Thu, 2020-07-23 10:31
From : Communities>>Open Forum
CEI is working in the child care center, both as a lender and advisor. We received OCS funding for our Child Care Labs (started pre-covid) - an intensive cohort-based initiative to help new child care providers start up and existing providers grow. Cynthia Murphy runs the program at CEI - cynthia.murphy@ceimaine.org. ------------------------------ [Laura] [Buxbaum] [SVP, Public Policy and Resource Development] [CEI] [Brunswick] [ME] [(207)509-5873] ------------------------------

Congrats to Tate Hill - New CEO at Access Plus Capital

Wed, 2020-07-22 23:28
From : Communities>>Open Forum
Dear Colleagues - I am on the mailing list for hundreds of CDFIs, including Access Plus Capital in Fresno.  I was psyched to read that Tate Hill, the previous Director of Administration, has name as the new CEO. I highly recommend you read this press announcement about the appointment. Tate embodies the next generation of CDFI leadership that puts economic justice and financial inclusiveness front and center.  Raise your coffee cup! Cheers to Tate Hill! ------------------------------ Jason Friedman [More]

Facilities Financing and Small Business Support for Child Care Providers

Wed, 2020-07-22 15:35
From : Communities>>Open Forum
Are any organizations working to support the child care sector? If so, what challenges or opportunities are being presented by the COVID-19 pandemic? Facilities-related health and safety challenges and underdeveloped business models are obstacles that have long-confronted child care and other early care and education providers. Most providers are consistently faced with making very difficult decisions about how to best allocate their limited resources to address facilities issues because they operate [More]

Happy Birthday, Dodd-Frank!

Wed, 2020-07-22 12:00
From : Communities>>Open Forum
It's now 10 years since Dodd-Frank was signed into law. Among other things, it created the Consumer Financial Protection Bureau, which I joined in 2012. Along with Sen. Warren and former Director Cordray, I'm proud to have served in the agency, which accomplished much. And, hopefully, will once again regain its important role ensuring fair financial markets and protecting consumers. https://archer-rosenthal.com/the-cfpb-is-here-to-stay-despite-attacks/ -- Clifford N. Rosenthal, Author Democratizing [More]

RE: Need CDFI lender in Puerto Rico and Texas

Wed, 2020-07-22 11:19
From : Communities>>Open Forum
Hi David! We are a CDFI established in Puerto Rico for the last 38 years.  We provide loans to small businesses from $500 up to $5 million through the SBA Microloan, SBA Community Advantage, SBA 504 and Rural IRP Lending Programs.  If your need financing for construction equipment, we are able to assist.  You can contact me at (787)756-5080 ext. 223.   Giovanna Piovanetti, Esq. Executive President Corporación para el Financiamiento Empresarial del Comercio y de las Comunidades (COFECC) A Certified [More]

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