CDFI Connect Community Discussions

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Updated: 21 min 48 sec ago

RE: Member Monday

Mon, 2021-08-09 12:34
From : Communities>>Open Forum
In this week's Member Monday, we will take a look at Rainier Valley Community Development Fund. Located in Seattle, Washington, RVCDF is a self-sustaining, community-controlled financial institution that preserves and strengthens cultural diversity, long-term livability, and economic opportunity for Rainier Valley residents, businesses, and institutions. RVCDF has invested over $30 million into affordable housing projects, $11 million to community facilities and $11 million to small businesses. [More]

RE: Sign on to support the proposed Community Revitalization Fund by 8/6

Mon, 2021-08-09 11:57
From : Communities>>Open Forum
DEADLINE EXTENDED! Sign on by Friday, August 13 to support the Community Revitalization Fund! https://liif.salsalabs.org/crfsignon/index.html ------------------------------ Olivia Barrow Policy Manager Low Income Investment Fund Washington DC ------------------------------

How is COVID-19 impacting your community? The Federal Reserve wants to hear from you!

Mon, 2021-08-09 11:01
From : Communities>>Open Forum
In 2020, the Federal Reserve System conducted four rounds of surveys to better understand the range of challenges facing under-resourced and low-income communities as an effect of the COVID-19 pandemic. The findings are available in Perspectives from Main Street: The Impact of COVID-19 on Low- to Moderate-Income Communities and the Entities Serving Them, which helps us understand how this crisis is impacting organizations, like yours, supporting community needs.   In 2021, the Federal Reserve [More]

RE: Software for processing CDFI loan documents

Mon, 2021-08-09 09:34
From : Communities>>Open Forum
Hey Shane, We've been at the loan origination game for over 10 years now.  Proven solution, started in CDFI land and expanded out to other market segments.  We have a strong specialty in SBA lending and just came off a pretty massive run through PPP with several of our CDFI clients.  We have solutions for both large and small CDFIs.  We're a great team building a great product.   Check out more specifics at https://lendwithspark.com and contact JD Crouch (jd.crouch@lendwithspark.com) to set up [More]

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RE: Software for processing CDFI loan documents

RE: Software for processing CDFI loan documents

Fri, 2021-08-06 13:09
From : Communities>>Open Forum
Thanks @Ben France for these leads!  We have been Finastra customers for a while.  They provide solid documentation, but we are looking for a more well-rounded package....Hawthorn is intriguing. ​ ------------------------------ Caprice Pratt Small Business Lending Outreach / Underwriter Spruce Root, Inc., Southeast Alaska ------------------------------

RE: Software for processing CDFI loan documents

Fri, 2021-08-06 09:48
From : Communities>>Open Forum
Hi Shane, If you're looking for more than loan document generation, like loan servicing and reporting, take a look at Downhome Loan Manger from www.downhomesolutions.com.  They offer a cloud platform. ------------------------------ Ibin Napolis Advocate/Consultant Higher Logics Community Contacts (CDFI CONNECT - DO NOT DELETE) Corvallis OR 503 208-6720‬ ------------------------------

Register for Connect+ Forum: CDFI Growth- September 9th

Thu, 2021-08-05 15:16
From : Communities>>Open Forum
New investors and traditional CDFI funders alike have recognized CDFIs as "financial first responders" and poured unprecedented levels of capital into the industry. The spotlight on CDFIs has never been brighter. While there will never be a true one-size-fits-all model for CDFIs, there are successful models of growth that can be shared, replicated, and built upon to allow organizations to go farther, faster.  This event, to be held September 9 from 1:00-5:30 pm ET, is designed primarily for CDFI [More]

RE: Start-up CDFI financial model?

Thu, 2021-08-05 13:16
From : Communities>>Open Forum
Hi Paul -  I think we all can agree that during a period of uncertainty and opportunity, CDFIs need to accurately predict what financial performance and impact looks like in five years. How much debt and equity capital will you need to raise, and when? At what points will you invest in the human resources, capital and technology needed to achieve your deployment goals?  In partnership with Bumpercrops Consulting, our Financial Growth Model provides CDFIs with the 'missing link' in business planning [More]

Peer Sharing and Learning: Please Fill Out Our CDFI Investment Notes Survey

Thu, 2021-08-05 13:04
From : Communities>>Open Forum
In 2019, Coastal Enterprises, Inc. (CEI) conducted a survey to better understand how CDFIs and other entities administer, market and manage investment note products. The survey results informed our own work and supported an industry conversation about community investment products at that year's OFN conference. We're reaching out to you again to expand our data set and knowledge even further. Survey results will be shared with respondents and the industry overall. Please fill out our survey: Community [More]

JUSTLAW offers free LLC formation for a limited time

Thu, 2021-08-05 12:00
From : Communities>>Open Forum
JUSTLAW, a New York City-based legal tech startup, told us it was on a mission to democratize law. It's delivering on that promise. The company is offering aspiring entrepreneurs a chance to form a new limited liability company (LLC) free of charge. The customer will be responsible for the payment of state filing fees and any registered agent fees, but JUSTLAW will charge nothing to complete the paperwork and make the filing. No strings attached, and no commitments required. To take advantage of [More]

RE: Accounting Referral

Thu, 2021-08-05 11:02
From : Communities>>Open Forum
These folks below are the best and work with many of our CDFI clients that manage loans / loan funds. Joshua K. Nevarez - Partner Armanino LLP 12657 Alcosta Blvd., Suite 500 San Ramon, CA 94583 Armanino LLP - Accounting, Business Consulting and Technology Solution Experts Josh@amllp.com ------------------------------ A.J. Poulin Applied Business Software www.themortgageoffice.com www.theloanoffice.com aj@absnetwork.com 800.833.3343 x 118 Long Beach, CA ---------------------------- [More]

RE: Software for processing CDFI loan documents

Thu, 2021-08-05 09:30
From : Communities>>Open Forum
I work at Smiley Technologies, which is core provider for community banks. We have four CDFI's on our platform. Finastra Laser Pro, WKFS Compliance One and Hawthorne River are all good loan systems. Hawthorne River is a relatively new system but they are doing some great things. ------------------------------ Ben France Business Development Manager Smiley Technologies Inc. Little Rock AR 5014132874 ------------------------------

RE: Accounting Referral

Thu, 2021-08-05 09:23
From : Communities>>Open Forum
Hi Malcolm,  We offer tax, audit and consulting/compliance services and work with many CDFIs.  Please let us know how we can help.  Best, Jennifer ------------------------------ Jennifer Kirkley CohnReznick New York NY (212) 297-0400 ------------------------------

Race, housing and justice

Wed, 2021-08-04 15:59
From : Communities>>Open Forum
Dear Colleagues: Here is a piece that came out today: Undoing Structural Racism: The Need For Systemic Change In Housing Policy. It reviews a compendium of essays, Racial Justice in Housing Finance: A Series on New Directions, published by the Poverty and Race Research Action Council (PRRAC). We talk about CRA reform, GSE reform, social housing and more. Best, Josh Silver Senior Advisor Josh SilverSenior Advisor, PolicyNational Community Reinvestment Coalition 202.464.2733jsilver@ncrc.orgPronouns: [More]

RE: Software for processing CDFI loan documents

Wed, 2021-08-04 14:56
From : Communities>>Open Forum
The Exceptional Assistant - TEA program will generate loan docs from installed templates, creating selection lists for different Borrower types or Products. It's core is the management of lending program and all the related lending activities of CDFI's and others. If you want to look, LMK. Pleased to offer a demo. ------------------------------ Paul Hodgert Sales and Consulting CommonGoals Software Prescott ON 1-800-354-5152 Ext. 224 phodgert@commongoals.com ------------------------------

Does the CDFI Fund really need a Small Dollar Loan Program?

Wed, 2021-08-04 12:30
From : Communities>>Open Forum
Dear Colleagues - last Friday, the CDFI Fund announced the application data from the first round of its new Small Dollar Loan Program. My first reaction was, 'Friday?" Was this an item for the "Friday news dump," when the federal government releases bad news and unflattering documents that afternoon to media outlets? It is unusual for the CDFI Fund to post an announcement on a funding round on a Friday afternoon. Read more... ------------------------------ Jason Friedman President and CEO Friedman [More]

Job Openings - Please Share | LoanWell is Growing

Wed, 2021-08-04 10:29
From : Communities>>Open Forum
LoanWell is growing and we are looking for mission aligned and talented individuals to join our team. Here is a Link to the five open positions - PLEASE SHARE!  Customer Support Specialist Senior Customer Success Manager Implementation Project Manager Product Operations Associate Full-Stack Software Engineer  The Company At LoanWell, we are on a mission to enable equitable access to affordable capital for all. We support the community lenders who invest mission-driven capital into the [More]

RE: Software for processing CDFI loan documents

Wed, 2021-08-04 10:27
From : Communities>>Open Forum
thanks a ton, I will check it out ------------------------------ Shane Simmons Director Community Economic Development People, Inc. Financial Services Abingdon VA 276.619.2243 ------------------------------

RE: Accounting Referral

Wed, 2021-08-04 10:22
From : Communities>>Open Forum
Thanks for the info.  I reached out to them to discuss. ------------------------------ Malcolm Sykes Managing Member Private Leverage ------------------------------

RE: Accounting Referral

Wed, 2021-08-04 09:37
From : Communities>>Open Forum
Hello.  I'm with Enterprise Community Loan Fund, a large CDFI.  We use CohnReznick for our audits.  I would recommend them - they are knowledgeable, professional, and responsive.  Thanks. ------------------------------ Karen Mitchell Senior Director, Creative Capital Enterprise Community Columbia, Maryland 410-772-2590 ------------------------------

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