CDFI Connect Community Discussions

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Updated: 24 min 36 sec ago

Kat Taylor joins keynote speaker list for 2019 Just Economy Conference

Tue, 2019-02-05 11:09
From : Communities>>Open Forum
Check out the keynote speakers at NCRC's annual conference! Josh, Kat Taylor , co-founder and CEO of Beneficial State Bank, will be one of the featured speakers at the 2019 Just Economy Conference . Beneficial is a Community Development Financial Institution (CDFI) and certified B Corporation with a mission to bring beneficial banking to low-income communities in an economically and environmentally sustainable manner. Other featured speakers include Pulitzer Prize-winning journalist Jose [More]

Tip Tuesday: Save As Draft

Tue, 2019-02-05 10:59
From : Communities>>Open Forum
Did you know that you are able to save drafts of your community contributions? This feature gives all members the ability to draft content before publishing and sharing to the community. To Save as Draft: Navigate to CDFI Connect and either navigate to thread to start a reply by clicking Reply Inline or click Start a Discussion to begin your own thread Add drafted content  Select the Save as Draft button to save your content To Access Your Saved Drafts: Navigate to your profile Click the [More]

Are CDFIs required to have Know Your Customer and Anti-Money Laundering policies?

Tue, 2019-02-05 10:05
From : Communities>>Open Forum
Are CDFIs required to have Know Your Customer and Anti-Money Laundering policies in place? I come from a banking background where they were required and want to make sure the same rules do not apply to CDFIs. Any feedback would be most appreciated. ------------------------------ Shane Simmons People, Inc. Financial Services Abingdon VA (276) 623-9000 ------------------------------

RE: CDFI Fund FA Awards: Revenue Recognition

Tue, 2019-02-05 09:43
From : Communities>>Open Forum
Hey Kevin -  good morning from your consulting team at Friedman Associates. As my colleague Jonathan Harrison would advise, the date of the grant award notification is when you recognize the revenue and create the grant receivable. When you sign the award letter is not relevant to your auditor, unfortunately, I assume because we could potentially manipulate the date. You still release the funds from TRNA to Unrestricted on either a timed release or on an expense allocation basis.  And so it goes.... [More]

RE: Advantages to being a woman in the CDFI industry

Tue, 2019-02-05 09:10
From : Communities>>Open Forum
Thanks Ali. Yes we will continue posting additional findings here on a monthly basis! Sent from my iPhone

Tip Tuesday: Save As Draft

Tue, 2019-02-05 08:34
From : Communities>>Open Forum
Did you know that you are able to save drafts of your community contributions? This feature gives all members the ability to draft content before publishing and sharing to the community. To Save as Draft: - Navigate to CDFI Connect and either navigate to thread to start a reply by clicking Reply Inline or click Start a Discussion to begin your own thread - Add drafted content - Select the Save as Draft button to save your content To Access Your Saved Drafts: - Navigate to your profile - Click the [More]

CDFI Fund FA Awards: Revenue Recognition

Mon, 2019-02-04 13:46
From : Communities>>Open Forum
Hi everyone, For the CFOs (and others!) on the discussion board, I'm curious to get your perspectives on revenue recognition of CDFI Fund FA Awards. With the timing of notifications from the CDFI Fund (mid-September 2018) and subsequent signing of agreements, I'm curious how other FA Award winners have treated these grants from a revenue recognition perspective, rational for this determination, and when revenue was recognized (2018 vs. 2019): Revenue Recognition Treatment 1) Restricted Contribution [More]

RE: Tip Tuesday: Make a Connection

Mon, 2019-02-04 12:54
From : Communities>>Open Forum
Just a quick note to fellow "Ally" level contributors: this function is not available unless you / your organization have full OFN memberships.  (My workaround is to email members and ask that THEY add me as a "contact.")  Happy connecting! ------------------------------ Caprice Pratt Commercial Loan Officer / Underwriter Spruce Root, Inc., Southeast Alaska ------------------------------ ------------------------------------------- Original Message: Sent: 01-22-2019 09:38 From: Seth Julyan Subject: [More]

RE: Advantages to being a woman in the CDFI industry

Mon, 2019-02-04 09:50
From : Communities>>Open Forum
​Thank you for sharing Ruth! These findings are intriguing, inspiring, and resonate strongly. Will you be sharing additional findings on this forum in the future? ------------------------------ Ali Robinson Multifamily Loan Portfolio Manager Housing Development Fund arobinson@hdfconnects.org ------------------------------

RE: Signature authority examples?

Mon, 2019-02-04 09:31
From : Communities>>Open Forum
Hi Julie,  We at Invest Detroit are also working on outlining signature authorities across the organization and would love to see your table if you are sharing it. Thanks so much! Amber Gladney Vice President, Adminstration Invest Detroit amber.gladney@investdetroit.com ------------------------------ Amber Gladney Project Coordinator Invest Detroit Detroit MI ------------------------------

RE: Signature authority examples?

Sun, 2019-02-03 13:51
From : Communities>>Open Forum
Happy to share Housing Trust's signature authority table with you. ------------------------------ Julie Mahowald Chief Financial Officer Housing Trust of Silicon Valley San Jose CA (408) 436-3450 ------------------------------

RE: Car liens

Wed, 2019-01-30 12:35
From : Communities>>Open Forum
We just started doing this in CA. It took as a bit to find out how to do it but once we did, its very easy. Sadly in CA it does require that a staff person physically go to the DMV. As far as it worked for us, it was just an extra procedure to perfect collateral, but shouldn't be a big deal as long as the borrower brings in their title. We had them bring it to us the day we disbursed the loan. ------------------------------ Heather Gurewitz Executive Director Economic Development and Financing Corporation [More]

2019 Just Economy Conference full schedule online

Tue, 2019-01-29 13:19
From : Communities>>Open Forum
Hope to see you at the NCRC annual conference soon. Comprehensive discussion of affordable housing and community development. Josh, The moment we have all been waiting for has finally arrived - the 2019 Just Economy Conference full schedule has been posted online ! If you have been waiting to hear what exciting and informative topics we will be covering this year, then please head over to the conference webpage for a full list of session titles and descriptions. The #JustEconomy Conference is [More]

Webinar: The Return of a CDFI's Best Friend

Tue, 2019-01-29 11:50
From : Communities>>Open Forum
Dear Colleagues - long-time CDFI Fund Program applicants still pine for the days when we could use that multi-tabbed workbook to submit our applications. The current version is very limited in functionality and won't give you the 'big picture.'  So, we went ahead and made one for our clients, and now would like to make it available to all CDFIs. It's worth a peek. Join is for Tools to Prepare a Competitive CDFI Application!   Thursday, January 31st 2:00 pm EST Register here : Hosted by: Jason Friedman, [More]

Tip Tuesday: Search CDFI Connect

Tue, 2019-01-29 10:47
From : Communities>>Open Forum
A powerful tool that is often under utilized in CDFI Connect is the ability to search. Here are a few tips on how to leverage the search functionality: Tip 1: Enter keywords instead of phrases The more detailed and specific you can be the better EX: Use "Tip Tuesday" instead of "How to search CDFI Connect" Tip 2: Leverage the search filters Highlighted options include: Categories: User Content = Discussion Board Events= Event Postings Refine By: Forum = Discussion Board Type (Open Forum, [More]

RE: Car liens

Tue, 2019-01-29 09:16
From : Communities>>Open Forum
Hi Jessica - this is something we have been doing for a number of years.  I am sure our staff would be willing to walk you through the process we use and as we are a NYS lender as well, the lessons should translate pretty well.  Feel free to give me a call  914 747 8020  ext 112 ------------------------------ Kim Jacobs President/CEO Community Capital New York Elmsford, NY 914 747 8020 ------------------------------

RE: Recommendations for Salesforce consultants

Tue, 2019-01-29 06:09
From : Communities>>Open Forum
I just learned about a related training, hosted by Mission Based Massachusetts.  I know it's not local to you, but perhaps it'd be helpful.   Here's info about it (cut and pasted from a newsletter, so please excuse the formatting glitches):   *** Please join us! View in browser   Tech Networks of Boston (TNB) exists to provide integrated and managed technology services to nonprofits and other mission-based organizations, and it's also our privilege to offer you professional development opportunities [More]

RE: Car liens

Mon, 2019-01-28 12:26
From : Communities>>Open Forum
This may be something we're interested in doing also for collateralizing our small loans ------------------------------ Anthony Thomas Associate Director Solita's House Inc. ------------------------------

Charter school building for sale in Cincinnati, OH

Mon, 2019-01-28 11:55
From : Communities>>Open Forum
Hello everyone, We have a nice 2 story charter school building for sale in Cincinnati, OH. The building is 60K SF and the sale price is 3.2 MM. The reason for the sale is current tenant HSA Cincinnati is willing to move to a smaller building. Please contact me if you are interested. Bek Amankulov Business Manager New Plan Learning, Inc 1300 Basswood Road, Suite 200 H Schaumburg, IL 60173 Phone:847-376-8404 ext(206) www.newplanlearning.org

RE: Share how your CDFI is responding to the shutdown

Mon, 2019-01-28 11:52
From : Communities>>Open Forum
Seth -- is it ok to run this list in Shelterforce's Shelter Shorts column ------------------------------ Miriam Axel-Lute Editor Shelterforce Montclair NJ 518-431-8392 ------------------------------

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