CDFI Connect Community Discussions

Subscribe to CDFI Connect Community Discussions feed CDFI Connect Community Discussions
View RSS Feed from Opportunity Finance Network
Updated: 50 min 52 sec ago

RE: NMTC-QALICB

Thu, 2020-06-25 19:49
From : Communities>>Open Forum
Or the percentage for minority controlled? ------------------------------ Christopher Kanstrup Consultant Individual Los Angeles CA 9176830647 ------------------------------

NMTC-QALICB

Thu, 2020-06-25 19:45
From : Communities>>Open Forum
Hi, Can someone tell me what is the minimum percentage of ownership by a minority individual for a QALICB to qualify as a minority owned business? Thank you, Chris ------------------------------ Christopher Kanstrup Consultant Individual Los Angeles CA 9176830647 ------------------------------

RE: SAVE THE DATE! CWN Philadelphia Chapter- July 10th Online Event

Thu, 2020-06-25 18:37
From : Communities>>Open Forum
Hi Mary,  I have added you to our list of potential participants and should be able to give you a definitive answer no later than Monday.  Best Regards,  Barbara Anne ------------------------------ Barbara Anne Gardenhire-Mills, M.S.E.L. Director of Compliance & Engagement Cooperative Business Assistance Corporation (CBAC) Camden, New Jersey 856-479-9583 BarbaraAnne@CBACLenders.com (She, Her, Hers) ------------------------------

Now or Never: Why CDFI Certification is Your Strategic Imperative

Thu, 2020-06-25 16:29
From : Communities>>Open Forum
Dear Colleagues - feel free to pass this along to organizations interested in obtaining CDFI Certification. Thanks! ------------------------------ Jason Friedman CEO Friedman Associates (319) 341-3556 jasonj@friedmanassociates.net www.friedmanassociates.net ------------------------------

SAVE THE DATE! CWN Philadelphia Chapter- July 10th Online Event

Thu, 2020-06-25 15:23
From : Communities>>Open Forum
Cross-posting this CWN Philadelphia Chapter event to Open Forum. Posted originally in CDFI Women's Network.  We all know that we are supposed to "put the oxygen mask on yourself before you attempt to assist others," but are we doing it? It was already challenging to not to let the mission overwhelm us in "normal" situations. How do we make sure that we are not giving more than we have to give of ourselves in the "new normal?" https://www.cdficonnect.org/events/event-description?CalendarEventKey=92da6c71-f223-4a42-8033-fdf99aed153b&CommunityKey=3d1df44e-d348-4cc7-ad80-e6bcb0a5715d&Home=%2fevents%2fcalendar [More]

CDFI newbie question still doing due diligence

Thu, 2020-06-25 14:21
From : Communities>>Open Forum
CDFI newbie question doing my due diligence- If I were to launch a CDFI, in my local area, but the cooperating and willing financial institution is in another state, is that allowed? Again, I'm new to this and going by what I've been told. Please let me know and or correct me if need be. Thank you. ...Dave ------------------------------ David Gatz Owner Progressive Marketing Solutions LLC New Port Richey Fl 727-264-1323 ------------------------------

CDFI Underwriting

Thu, 2020-06-25 13:57
From : Communities>>Open Forum
Hey Everyone, So currently the non-profit I work for, Rural Community Assistance Partnership is waiting to be an approved CDFI. I am going to be an underwriter for this fund once it is hopefully obtained. I am just wondering if there are any trainings offered by the CDFI once this is funded to be a certified underwriter. I was trying to see if I can be certified prior to the fund's approval or is it the certification something to be obtained once the fund is approved. Or is the underwriting a bit [More]

CARES Act for HUD CDBG

Thu, 2020-06-25 12:45
From : Communities>>Open Forum
Dear Colleagues - there has been some confusion about whether CDBG State and Entitlement Community funding can be used for micro and small business loans or grants. In reality, the nothing has changed except the level of funding. These funds can be used to support both loans or grants. However, it's in the best interests of CDFIs to administer loan programs for reasons you all know.  A simple breakdown of eligible activities can be accessed here .  Thanks. ------------------------------ Jason Friedman [More]

RE: CARES Act funding to States/Counties/Cities - small business support

Wed, 2020-06-24 23:24
From : Communities>>Open Forum
Thank you Jason for your feedback.  Will check out any replies in the Small Biz Discussion group. Bye for now, ------------------------------ Ruben Alonso III President AltCap Kansas City, MO (816) 216-1851 ext. 1 ------------------------------

RE: SAVE THE DATE! CWN Philadelphia Chapter- July 10th Online Event

Wed, 2020-06-24 17:03
From : Communities>>Open Forum
Hi Marva,  Great to hear from you! I hope all is well with you! As for me? Let's just say it's a journey (I'm what many are now calling a "Covid Longhauler" at 14 weeks and counting). Hoping you can join us for the event and I'm available to assist you with your classes anytime you need me, in whatever capacity that means.  All My Best,  Barbara Anne :-) ------------------------------ Barbara Anne Gardenhire-Mills, M.S.E.L. Director of Compliance & Engagement Cooperative Business Assistance Corporation [More]

RE: SAVE THE DATE! CWN Philadelphia Chapter- July 10th Online Event

Wed, 2020-06-24 17:00
From : Communities>>Open Forum
Hi Mary,  I'm not certain about recording the session but typically these types of sessions are not recorded due to the nature of the personal information that some share. I will definitely let you know if we decide at our next planning meeting to record some portion of the meeting. Otherwise, we are thinking about offering this on a broader scale in the coming months. Thank you for expressing your interest and feel free to reach out to me offline if you would like to discuss further.  Best Regards,  [More]

Early impact of COVID-19 on small business finances: New research from JPMorgan Chase Institute

Wed, 2020-06-24 16:36
From : Communities>>Open Forum
Small Business Financial Outcomes during the Onset of COVID-19 The newly released insight explores the impact of COVID-19 on small business finances – cash balances, revenues, and expenses – during the initial phase of the pandemic through April 2020 and highlights the metro areas, industries, and demographic groups most impacted. Here is the link to the research:  https://institute.jpmorganchase.com/institute/research/small-business/small-business-financial-outcomes-during-the-onset-of-covid-19 [More]

RE: CARES Act funding to States/Counties/Cities - small business support

Wed, 2020-06-24 09:27
From : Communities>>Open Forum
Hi Ruben - based on our read of the legislation and work with municipalities across the country, these funds can be used to set up loan programs. Essentially, the guide here is HUD CDBG regs for micro and small business loans. In cases where the local government is granting funds to a CDFI, we strongly recommend that they make loans with very favorable terms and not grants.  Many of our clients are working over time getting grants and guaranteed loans out the door, which is wonderful, but doesn't [More]

CARES Act funding to States/Counties/Cities - small business support

Tue, 2020-06-23 16:22
From : Communities>>Open Forum
Based on the following guidance for State, Territorial, Local, and Tribal Governments : https://home.treasury.gov/system/files/136/Coronavirus-Relief-Fund-Guidance-for-State-Territorial-Local-and-Tribal-Governments.pdf 5. Expenses associated with the provision of economic support in connection with the COVID-19 public health emergency, such as: • Expenditures related to the provision of grants to small businesses to reimburse the costs of business interruption caused by required closures. Can anyone [More]

RE: Tip Tuesday

Tue, 2020-06-23 10:56
From : Communities>>Open Forum
In this week's Tip Tuesday , we will show you how to keep the discussion going by adding and replying to post in communities! ------------------------------ Elizabeth Specht Member Engagement Associate Opportunity Finance Network Washington (202) 618-6100 ------------------------------

Files Attached Document
RE: Tip Tuesday

RE: SAVE THE DATE! CWN Philadelphia Chapter- July 10th Online Event

Tue, 2020-06-23 09:11
From : Communities>>Open Forum
Barbara, are you limited on participants? Might you be recording? Thanks ------------------------------ Mary Fran Riley Sr. V.P. External Affairs ACCION Chicago, Inc. Chicago IL 312-924-2150 ------------------------------

RE: 2020 Small Business Finance Forum Is Live!

Mon, 2020-06-22 15:14
From : Communities>>Open Forum
Good afternoon Lynne, Wells Fargo Diverse Community Capital Knowledge Network Gathering  will be a  3-hour virtual event to take place on  Tuesday, June 30 from 1:00-2:30 PM ET  and  Wednesday, July 1 from 1:00-2:30 PM ET . Mark your calendars  and expect a formal registration email tomorrow, Tuesday, June 23! ------------------------------ Elizabeth Specht Member Engagement Associate Opportunity Finance Network Washington (202) 618-6100 ------------------------------ ------------------------------------------- [More]

RE: Member Monday

Mon, 2020-06-22 11:38
From : Communities>>Open Forum
In this week's Member Monday , we would like to highlight New Jersey Community Capital and their Garden State Relief Fund program with Valley Bank. The Garden State Relief Fund is a low-interest investment by Valley Bank to ensure NJCC can rapidly deploy flexible financial resources and provide immediate relief and stability for vulnerable businesses and organizations across New Jersey. The Fund focuses on small businesses and nonprofits that lack access to conventional capital and have been disproportionally [More]

RE: SAVE THE DATE! CWN Philadelphia Chapter- July 10th Online Event

Mon, 2020-06-22 10:33
From : Communities>>Open Forum
Hello  Barbara!  This sounds like How great is that. I am so pleased that you are healthy and working. I worked from home starting in March as is my husband. We have been very careful about our health and wear a face mask when we are out. Williams  Thank you again for speaking to my class at Rutgers Camden. Best wishes - Marva  ------------------------------ Marva Williams Independent Consultant Marva Williams Wallingford PA 3122863055 ------------------------------

RE: Referrals for Consultants on Capital Planning?

Mon, 2020-06-22 04:51
From : Communities>>Open Forum
This is great Johnnie! Thanks so much! Chris Chris Linder, CEO 262 Harlow Street, Bangor, ME 04401 P: 207.974.2465 | F: 207.973.3699 MaineStreamFinance.org We have resources for those in need of assistance, tools, and updates for housing, personal finances, and small businesses in Maine: https://www.mainestreamfinance.org/covid-19-updates/ Please note: MaineStream Finance and Penquis are moving to virtually working as much as possible. We will be able to continue processing loan and [More]

Pages