CDFI Connect Community Discussions

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Updated: 26 min 22 sec ago

lets get CDFI customers banked!

Tue, 2021-04-13 09:26
From : Communities>>Open Forum
Dear OFN Forum, Especially those in Atlanta and Houston. Please consider supporting FDIC's efforts to help US households become banked. We've received good press coverage thus far but we need to reach consumers through organizations like yours: FDIC Press Release of campaign launch in Atlanta and Houston , WP coverage , NPR , American Banker . According to our 2019 survey How America Banks , about 7 million people are unbanked. As you know, this means these families might be paying fees to use [More]

CDFI Connect Survey

Mon, 2021-04-12 12:49
From : Communities>>Open Forum
In the coming year, we are very excited to be  refreshing  CDFI Connect to build a community that is valuable for the  entirety  of the CDFI Industry. Your feedback will allow us to tailor a community to fit the needs of our users, membership, funder & investors.   Please take a moment and fill out the following survey! ------------------------------ Elizabeth Specht Member Engagement Associate Opportunity Finance Network Southwest DC (202) 618-6100 ------------------------------

RE: Member Monday

Mon, 2021-04-12 11:02
From : Communities>>Open Forum
In this week's Member Monday , we would like to highlight Wind River Development Fund. Wind River Development Fund provides local entrepreneurs and businesses with access to capital, technical assistance, support, training and professional capacity in retaining, expanding and developing enterprises throughout Fremont & Hot Springs County of Wyoming, the 7th largest reservation. Wind River offers micro business loans of up to $5,000, small business loans up to $200,000, business workshops, free [More]

RE: Budgeting and Forecasting Software

Mon, 2021-04-12 09:15
From : Communities>>Open Forum
Hi Mark, Let me know what you find in this regard. We could utilize a similar software with the specs you've outlined.  I'd also love to show you the balance sheet/ALM model we we have recently built.  We are also in the process of a lending technology overhaul and would love to explore your experience with the suite of lending tech you guys are utilizing. Best, Kevin ------------------------------ Kevin Fryatt Director of Finance and Administration Washington Area Community Investment Fund Washington [More]

Budgeting and Forecasting Software

Fri, 2021-04-09 10:00
From : Communities>>Open Forum
I would appreciate the chance  to talk with anyone who has budgeting and forecasting software they like.  Our budgeting software is a clunky, convoluted, limited, inflexible excel-based spreadsheet that doesn't integrate with our loan system and will only upload to our GL with substantial manual intervention and correction.  I created an excel spreadsheet for budgeting and projections that provides much more in flexibility but is a buggy monster that no one but me is able to use, so not sustainable.  [More]

RE: Recoverable Grant Legal Doc Example

Fri, 2021-04-09 09:12
From : Communities>>Open Forum
We'd be interested in seeing Recoverable Grant templates also. If folks have one that you'd be willing to share, we'd be grateful if you would post it or share it directly. Betsy.biemann@ceimaine.org. Betsy Biemann Chief Executive Officer Email: Betsy.Biemann@ceimaine.org Tel: 207-504-5858 Mobile: 207-420-7338 www.ceimaine.org Coastal Enterprises, Inc. 30 Federal St Brunswick , Maine 04011

Excellent opportunity: CEO sought for CDFI loan fund in Louisville, KY

Thu, 2021-04-08 18:13
From : Communities>>Open Forum
Please share this with your colleagues. The Louisville Housing Opportunities & Micro Enterprise Community Development Loan Fund (LHOME) seeks A CEO that will provide vision, leadership, and oversight to accomplish the strategic goals of this highly respected organization. They will be a quick and curious learner with deep listening skills and a passion for building organizations, and cultivating relationships both externally and internally. Job Description attached. ----- This is my own commentary: [More]

Files Attached Document
Excellent opportunity: CEO sought for CDFI loan fund in Louisville, KY

OFN Annual Side by Side Report Now Available

Thu, 2021-04-08 17:18
From : Communities>>Open Forum
Hello All,  OFN recently released the   22 nd  edition of its  Side by Side  publication , an annual reference guide for CDFI industry practitioners, investors, and others interest ed in assessing the opportunity finance industry's activity and performance.   This year's edition uses data from OFN's FY 2019 Annual Member Survey and provides information on 268 OFN member CDFIs. Of the 268 CDFIs, 242 are included in the peer analysis, which is split by primary financing sector and asset size. OFN [More]

Recoverable Grant Legal Doc Example

Thu, 2021-04-08 14:37
From : Communities>>Open Forum
Looking for a sample recoverable grant agreement that we can use as a starting template.  Thanks! ------------------------------ Daniel Gura Senior Director of HMS Lending Habitat Mortgage Solutions, LLC Atlanta GA 404.979.3717 ------------------------------

Disabilities Funds - FA Award webinar on April 8th

Tue, 2021-04-06 12:15
From : Communities>>Open Forum
Dear Friends, Whether you are a previous recipient of DF-FA or eager to learn more about this supplemental FA program, please bring your questions to this upcoming webinar.   Topic: Learn about the Disabilities Funds – FA Award Date: April 8, 2021 at 1pm ET Description:  CDFIs are invited to join the National Disability Finance Coalition for an update on the CDFI Fund's programs for People With Disabilities (PWD).  Hear from those who have successfully received funds and the variety of programs [More]

RE: Tip Tuesday

Tue, 2021-04-06 11:17
From : Communities>>Open Forum
In this week's Tip Tuesday , we show you how to post an event step-by-step! ------------------------------ Elizabeth Specht Member Engagement Associate Opportunity Finance Network Southwest DC (202) 618-6100 ------------------------------

Files Attached Document
RE: Tip Tuesday

RE: CDFI Professional Development in 17 minutes

Mon, 2021-04-05 12:23
From : Communities>>Open Forum
I just had the chance to sit still and watch this video. It's a must-see training tool for everybody!!!  Super Kudos to the entire team who put this together. The narrator was able to articulate bundles of important facts in a way that's captivating and concise.   Thank you for sharing, jk ------------------------------ Jamie Keith Financial Business Coach Jamie Keith Louisville KY (502) 882-8091 ------------------------------

RE: Member Monday

Mon, 2021-04-05 11:00
From : Communities>>Open Forum
In this week's Member Monday, we would like to highlight the work of Inclusive Action for the City. Inclusive Action for the City was founded in 2008 in Los Angeles, to bring people together to create strong, local economies that uplift low-income urban communities through public advocacy and transformative economic development initiatives. IAC is the leader in a citywide campaign to create a permit and micro-finance system for street vendors , who have historically been neglected by the financial [More]

Capital for New Credit Unions in Communities of Color

Mon, 2021-04-05 10:18
From : Communities>>Open Forum
Over the last several decades, there have been few to no new credit unions chartered each year. Even the regulatory, the NCUA, is concerned--especially because the need still exists in communities of color. I am proposing that a portion of MDI/CDFI appropriations be designated for start-up capital to assist these communities launch their own financial institutions. https://www.americanbanker.com/creditunions/opinion/chartering-a-new-credit-union-shouldnt-be-this-hard -- Clifford N. Rosenthal, Author [More]

Panelists Needed for Conference: Financial Equity for Makers

Sat, 2021-04-03 01:21
From : Communities>>Open Forum
Sequoyah Fund is sponsoring the make/SHIFT Conference, a National Association of Community College Entrepreneurship conference focused on building maker ecosystems. We are hosting a discussion on May 5 called "Fiancial Equity for Makers." If you work specifically in the maker ecosystem to finance women and minority-owned ventures, I'd love to have you participate in this 45-minute virtual session. Each CDFI will host their own breakout room where they will share a maker-financed success story. This [More]

CMF 2021 - Dates?

Fri, 2021-04-02 12:04
From : Communities>>Open Forum
Hello everyone,  Does anyone have any insight into when the Capital Magnet Fund NOFA will be released this year? The information on CDFIfund.gov for CMF is just showing the dates from 2020. It has an "Announcement Date" of February 22, 2021, but I looked through my emails and I never saw an announcement or a NOFA notification about CMF. I also cannot locate it on the CDFI website. Our organization is interested in applying for CMF again this year, and we're very understaffed right now so we're trying [More]

RE: CDFI Professional Development in 17 minutes

Thu, 2021-04-01 13:23
From : Communities>>Open Forum
thank you Jason! ------------------------------ Belinda Turner-DuBois CEED Lending Program Manager Program Manager Livonia MI CEED Lending-Great Lakes WBC ------------------------------

RE: CDFI Professional Development in 17 minutes

Wed, 2021-03-31 12:38
From : Communities>>Open Forum
Great share. Thanks! ------------------------------ Micha Josephy Executive Director Cooperative Fund of New England Watertown Massachusetts 617.910.8065 mjosephy@coopfund.coop ------------------------------

RE: CDFI Professional Development in 17 minutes

Wed, 2021-03-31 11:22
From : Communities>>Open Forum
@Jason Friedman , love it! Who do we give credit when posting? ​ ------------------------------ Justin Straight COO LoanWell Durham NC ------------------------------

RE: CDFI Professional Development in 17 minutes

Wed, 2021-03-31 09:45
From : Communities>>Open Forum
Excellent resource, Jason. Thank you for sharing! ------------------------------ Steve Varnum Director of Communications and Marketing New Hampshire Community Loan Fund, Inc. Concord NH (603) 224-6669 svarnum@communityloanfund.org ------------------------------

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