CDFI Connect Community Discussions

Subscribe to CDFI Connect Community Discussions feed CDFI Connect Community Discussions
View RSS Feed from Opportunity Finance Network
Updated: 29 min 42 sec ago

RE: Impact Investment Funds

Fri, 2019-08-16 12:13
From : Communities>>Open Forum
Hi Kim, I'd be happy to chat with you. CEI has a 10-year-old investment note product and we're nearing $10 million in capital under management from accredited investors. I also just completed a survey of other CDFIs about their notes products. Best, Liz Elizabeth Rogers Chief Communications Officer Email: Elizabeth.Rogers@ceimaine.org Tel: 207-504-5890 Mobile: 207-632-7693 www.ceimaine.org Coastal Enterprises, Inc. 30 Federal St Brunswick , Maine 04011

RE: Impact Investment Funds

Fri, 2019-08-16 11:03
From : Communities>>Open Forum
Hi Kim, We have a program like that set up and would be happy to discuss. Send me an email and we can schedule a time to talk. kfryatt@wacif.org Kevin Fryatt Director of Finance and Administration Washington Area Community Investment Fund (Wacif) Sent from my iPhone

Impact Investment Funds

Thu, 2019-08-15 13:34
From : Communities>>Open Forum
We are considering creating a vehicle that would allow individuals to make investments with us to help address our mission and are eager to speak with other CDFIs who may have already set up such a program.  We would be very grateful to hear from anyone who is willing to share their experiences. ------------------------------ Kim Jacobs President/CEO Community Capital New York Elmsford, NY 914 747 8020 ------------------------------

Measuring the Social Impact of Corporate Investments - Social Impact Measurement Model

Wed, 2019-08-14 09:56
From : Communities>>Open Forum
Corporate Social Impact Measurement Model Deloitte United States remove preview Corporate Social Impact Measurement Model Cities clamor for corporate investment, even as the social impact of such spending typically remains uncertain. Companies want to increasingly be able to communicate such benefits to shareholders and other stakeholders. View this on Deloitte United States > https://www2.deloitte.com/us/en/pages/consulting/solutions/corporate-social-impact-measurement-metrics.html [More]

RE: Social Impact Measurement System

Tue, 2019-08-13 10:05
From : Communities>>Open Forum
Hi Joyce, I appreciate your reply.  Sorry for my delayed response, I took some much needed time off and disconnected.  I'm glad to see others are also thinking about this as well.  Yes, this can be an expensive undertaking. However, I'm challenged with asking how might we support leaders and organizations understand outcomes and the desired impact they hope to have on small businesses and even the communities they are serving in a way that can be implemented internally with a lean approach?  I believe [More]

RE: Social Impact Measurement System

Tue, 2019-08-13 09:40
From : Communities>>Open Forum
Thanks for sharing this,  I'm going to check it out. ------------------------------ Tameka Montgomery CEO Core Strategy Partners, Inc. TAKOMA PARK MD 3037488040 ------------------------------

RE: Seeking Sample Photo/Video Release Form

Mon, 2019-08-12 10:30
From : Communities>>Open Forum
Thank you, Heather! This is really comprehensive and helpful.  Also, thank you to everyone who sent me versions via email offline. There are more similarities than differences - the only significant difference is the length. Some are as short as three sentences and others are a full page. One of the reasons I turned to the community is because an informal survey of entities (for and nonprofit) in my immediate area yielded little - several that I approached are not using any type of release or waiver [More]

RE: Loans outside of policy

Fri, 2019-08-09 15:33
From : Communities>>Open Forum
No problem. Good luck. Sent from my iPhone

RE: Seeking Sample Photo/Video Release Form

Fri, 2019-08-09 12:31
From : Communities>>Open Forum
Here is what we use. But, we never got any guidance, we actually copied one from another lender (to be perfectly honest). ------------------------------ Heather Gurewitz Executive Director Economic Development and Financing Corporation Ukiah CA (707) 234-5705 ------------------------------

Files Attached Document
RE: Seeking Sample Photo/Video Release Form

RE: CDFI Headhunter

Fri, 2019-08-09 11:20
From : Communities>>Open Forum
Good morning Jerry - I hope you are well. My name is Tracy McMillan and I am Managing Partner of HCGA Consulting Partners. I have been in the search industry for 25 years and have specialized in the past 8 in the Affordable Housing/State HFA and related Non-Profit sectors. We have placed and retained numerous professionals for the following clients over the years: Colorado Housing Finance Authority (CFO/GC) Idaho Housing Finance Association (CFO/Controller) CalHFA (CAO/Head of Multifamily/Director [More]

RE: Loans outside of policy

Fri, 2019-08-09 10:50
From : Communities>>Open Forum
Hi Mae, I would put into policy that exceptions for loans up to a certain amount (perhaps your median loan amount) can be approved by the Executive Director, and exceptions to policy for larger loans need to go to your Loan Committee.  Regards,  Lisa Bloomquist Palmer Executive Director HomesFund 124 E. 9 th Street Durango, Colorado 81301 P 970-259-1418 F 970-259-1298 C 720-775-8252 lisa@homesfund.org ------------------------------ Lisa Bloomquist Executive Director HomesFund Durango CO [More]

RE: Loans outside of policy

Fri, 2019-08-09 10:07
From : Communities>>Open Forum
Thanks everyone! These are some good considerations for us! We had discussed separating out policy/guidelines/procedure and this might be the impetus to do so. We're also working on updating our Salesforce build so we will look at doing something similar to your approach, Mark! Thanks again! ------------------------------ Mae Humiston CDFI Manager Redbud Financial Alternatives, Inc. Hazard KY (606) 436-0497 ------------------------------

RE: CDFI Headhunter

Thu, 2019-08-08 17:38
From : Communities>>Open Forum
David Erickson-Pearson 8801 Creekside Way, #1321 Highlands Ranch, CO 80129 303-703-6165 720-244-3943 – cell epdavid@earthlink.net Erickson-Pearson Search ………….finding mission-driven leaders ------------------------------ Paul Turney President & CEO Brazos Valley Community Development Corporation, Inc. Bryan TX 979-775-4244 ------------------------------

Seeking Sample Photo/Video Release Form

Thu, 2019-08-08 12:23
From : Communities>>Open Forum
Hello Everyone,  I am on a quest for versions of photo/video release forms used by other CDFIs. We have a draft document that covers photos, videos, written testimonials, and social media posts, but it is based on versions of documents I used in previous roles and it might be too comprehensive for our needs. If you have one that you use and are willing to share, feel free to email me at BarbaraAnne@CBACLenders.com. If you don't have one and would like to see what we have drafted, let me know and [More]

RE: Loans outside of policy

Thu, 2019-08-08 03:08
From : Communities>>Open Forum
Hi Mae,  How is your lending team structured? Do you have separate folks in lending and underwriting roles? If not, separating those two functions might be a good place to start. By doing so, you create one party whose job it is to sell, manage relationships with borrowers, and push policy exceptions (where warranted), and another party who determines how each loan stacks up against policy and whether exceptions are justified and mitigated. Doing so separates conflicting interests, ensures your committee [More]

RE: Loans outside of policy

Wed, 2019-08-07 12:57
From : Communities>>Open Forum
We built a module in our version of Sales Force to handle the sort of routine exceptions, usually a mission issue, such as the borrower is over our income limits or the co- borrower is not a citizen so they want to take title sole and separate. These we do online with two of us needing to agree rather than the whole committee. We just had IT build some drop down categories so we can see reports and look for patterns and inconsistencies. Very much a work in progress, but less loans go to full committee [More]

RE: Loans outside of policy

Wed, 2019-08-07 12:35
From : Communities>>Open Forum
After we ran into the same issue, we carefully split our Loan Policy, creating a Lending Guideline Manual as well. We moved the more routine aspects of our Loan Policy into the Guideline Manual. The more significant items that remain in Loan Policy still need to be reported to an outside entity whereas Loan Guideline exceptions can be approved internally by senior staff. ​ ------------------------------ GregoryBradley Craft3 Seattle, WA ------------------------------

Loans outside of policy

Tue, 2019-08-06 14:42
From : Communities>>Open Forum
Hello! Would anyone be willing to share their policies and/or procedures that guide how to consider loans outside of policy/guidelines? As our lending volume grows, we're trying to define the lines that let us consider loans outside policy without having to consider every. single. loan. outside policy. We have a Loan Committee that has, until this point, reviewed all loans outside of policy and I'm starting to feel sorry for them :) We are looking for guidance that is both nimble and flexible enough [More]

RE: Board Member Job Descriptions

Tue, 2019-08-06 14:13
From : Communities>>Open Forum
We recently worked with our board to create a job description and am happy to share that. Marilyn Huebel,  Director of Administration, Accion serving Illinois and Indiana. ------------------------------ Marilyn Huebel Director, Administration ACCION Chicago Chicago IL (312) 275-3000 ------------------------------

Files Attached Document
RE: Board Member Job Descriptions

CRA and homownership and regulatory reform

Tue, 2019-08-06 13:41
From : Communities>>Open Forum
Dear Colleagues: Check out the new blog: Don't diminish the importance of homeownership in CRA reform With respect for all you do. Josh Silver Senior Advisor NCRC Josh Silver Senior Advisor National Community Reinvestment Coalition 202.464.2733 202.628.9800 (fax) jsilver@ncrc.org Pronouns: He/Him/His 740 15th Street NW, Suite 400, Washington DC 20005

Pages