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Clean Safe Water for Communities - High Impact Investing

Wed, 2020-08-12 09:38
From : Communities>>Open Forum
"Investing in Clean Safe Water for Communities" is the main theme of the August issue of the GreenMoney Journal. Articles include: • "Investors Use Climate Playbook to Scale Action on Water" by Kirsten James of Ceres; • "The Rise of Water Investing" by Justin Winter of Impax Asset Mgmt.; • "The Future of Water" by Mary Beth Postman of Waterkeeper Alliance; • "Water and Pandemics" by Alina Donets, Allianz Global Investors. Also find some interesting articles from MSCI, Parnassus and Domini. All on [More]

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Clean Safe Water for Communities - High Impact Investing

RE: Blending Funds

Wed, 2020-08-12 09:27
From : Communities>>Open Forum
Hi Noah: Check out our Participation Module to our Cloud Based system at  http://downhomesolutions.com/downhome-loan-manager/add-modules/#participation-module Sounds like it is just what you are looking for. Warm regards, Brad McBride DownHome Solutions ------------------------------ Brad McBride Director Higher Logics Community Contacts (CDFI CONNECT - DO NOT DELETE) Seattle WA 206.634.0884 ------------------------------

Blending Funds

Tue, 2020-08-11 15:19
From : Communities>>Open Forum
Hey folks,  I am wondering what type of servicing software that you use and if it has the capacity to blend funds into one loan.  For example, on a $15,000 home rehab loan at 3% we would be looking to put in $5,000 of money that we have to pay back at 2%, $5,000 at 1% and $5,000 that has no interest.  Or how do you navigate accounting regs to accomplish this?  Thanks! ------------------------------ Noah Hobbs Lending Director One Roof Housing Duluth,\ MN 218.249.0364 ---------------------------- [More]

RE: Tip Tuesday

Tue, 2020-08-11 11:57
From : Communities>>Open Forum
In this week's Tip Tuesday , we would like to extent the opportunity to be featured in our weekly Member Monday segment. If you are an OFN member/ally, please reach out to especht@ofn.org for more information on how to be featured! ------------------------------ Elizabeth Specht Member Engagement Associate Opportunity Finance Network Washington (202) 618-6100 ------------------------------

RE: NMTC QALICB requirement

Tue, 2020-08-11 10:54
From : Communities>>Open Forum
Hi Teri, Thanks for the reply. I have from others that from a tax perspective it had to be 5%.  They didn't specify it had to be cash but they did say 5%.  I will have to follow up with tax counsel.  Thank you. ------------------------------ Christopher Kanstrup Consultant Individual Los Angeles CA 9176830647 ------------------------------

RE: NMTC QALICB requirement

Mon, 2020-08-10 13:03
From : Communities>>Open Forum
Based on requirements from 45 d the answer would be no -  there are not IRS requirements within the structure.  However most deals rely, at least in part on a percentage of owner skin in the game as a requirement to close ------------------------------ Terri Preston Principal Baker Tilly Virchow Krause Madison WI 608 240-2546 ------------------------------

RE: NMTC QALICB requirement

Mon, 2020-08-10 11:43
From : Communities>>Open Forum
Sorry Sent from my iPhone > On Aug 10, 2020, at 11:38 AM, David Scheck wrote: > > Hi. From past experience I have always erred on the side of ‘why take unnecessary risk with the IRS?’ That said, efforts were made to ensure that legal counsel that was writing an opinion understood that equity need not be cash. > > Sent from my iPhone

RE: Member Monday

Mon, 2020-08-10 11:08
From : Communities>>Open Forum
In this week's Member Monday , we would like to highlight the work of LHOME. As of September 2019, LHOME has made over 55 loans totaling $549,508 to small business owners and homeowners in Louisville, KY. LHOME is committed to providing accessible, affordable loan products and financial coaching services to it's clients, most of whom are African American and African Refugees. 90% of their funds have been deployed to low-moderate income communities. Thank you to LHOME for their continued work [More]

NMTC QALICB requirement

Sun, 2020-08-09 15:45
From : Communities>>Open Forum
Hi All, Looking for a an answer on a NMTC requirement.  Can someone tell me if there is a minimum equity requirement by the QALICB into their project?  There may be a preferred from a lending perspective but does a project have to be made up of a certain equity percentage put in by the owner from a NMTC or IRS perspective?  E.g. does a project have to have say 20% equity contributed by other sources/owner with the remaining coming sources coming from NMTC and additional leverage?  Any help would [More]

RE: Seeking Interim Credit Analyst Support

Thu, 2020-08-06 10:32
From : Communities>>Open Forum
Josh,  I'd like to offer an endorsement for Amy Collins and the Olea Group. I'm the Development Director with the Center for Rural Affairs. We've worked with her to completely overhaul underwriting for our micro-business and small-business loans and currently are in the process of working on policies for home lending. I have found her work to be fast, reliable, and of great quality. I highly recommend the Olea Group.  Nick Bergin | Development Director  Center for Rural Affairs PO Box 136 | [More]

RE: Seeking Interim Credit Analyst Support

Wed, 2020-08-05 10:15
From : Communities>>Open Forum
Hi Josh, The Olea Group provides flexi ble contract-based underwriting for CDFIs. Although we work with a range of lenders across the US who offer a variety of loan products, our core competency is in facilitating credit decisions for small business loans up to $250,000. We underwrite over $50MM in loan applications per year with an average historical turnaround rate of two business days per file. Please feel free to reach out to me if I can be of help to your CDFI. Warm regards, Amy Collins Founder [More]

RE: Tip Tuesday

Wed, 2020-08-05 09:55
From : Communities>>Open Forum
Thank you! I needed that tip. :) Yanki Tshering, Executive Director Business Center for New Americans 120 Broadway, Suite 230 NY, NY 10271 212 898-4112 phone 646 723-1399 fax www.nybcna.org www.nybcna.org business loans, homeownership, & savings

Establishing Customer Profiles for Marketing

Tue, 2020-08-04 15:33
From : Communities>>Open Forum
Has anyone had any experience with establishing data driven customer profiles with an aim to improve their marketing efforts? If so, I'd love to pick your brain. ------------------------------ Sabrina Tran Digital Marketing Manager Clearinghouse Community Development Financial Institution ------------------------------

RE: Tip Tuesday

Tue, 2020-08-04 13:32
From : Communities>>Open Forum
In this week's  Tip Tuesday , we show you how to view and add upcoming events! ------------------------------ Elizabeth Specht Member Engagement Associate Opportunity Finance Network Washington (202) 618-6100 ------------------------------

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RE: Tip Tuesday

School building for sale in Cincinnati, OH

Tue, 2020-08-04 11:46
From : Communities>>Open Forum
We have a wonderful school building for sale in Cincinnati, OH. It is fully renovated and ready to move in, please see below for more information ------------------------------ Bek Amankulov Business Manager New Plan Learning 1300 Basswood Rd, Suite 200H Schaumburg, IL 60173 bek@newplanlearning.org (847) 376-8404 ext (206) ------------------------------

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School building for sale in Cincinnati, OH

Seeking Interim Credit Analyst Support

Tue, 2020-08-04 10:29
From : Communities>>Open Forum
Hello CDFI Community, The New Hampshire Community Loan Fund is seeking to bolster its credit analyst capacity for our business, housing, child care and nonprofit facilities lending programs and, to that end, is looking to connect with anyone with experience either delivering or procuring high-quality credit analyst supports on an interim and, given the current environment, virtual basis.   Please message me directly (jsattely@communityloanfund.org) or reply to this thread. Cheers, Josh ------------------------------ [More]

RE: Member Monday

Mon, 2020-08-03 08:41
From : Communities>>Open Forum
In this week's Member Monday , we would like to highlight Wisconsin Women's Business Imitative Corporation and their Fast Track Loan Program. Lines of credit will be offered between $5,000-$10,000, 12-month terms with a 9.25% interest rate. No collateral will be needed to qualify. As for loans, WWBIC is offering $5,000-$15,000 loans with a term of 60 months and interest rates that vary between 4.50%-5%. WWBIC has helped 5,288 entrepreneurs create or retain 12,156 jobs and have coached 219 individuals [More]

RE: Best Advice/First Steps on a New CDFI

Fri, 2020-07-31 16:51
From : Communities>>Open Forum
Hi Rod.  CAMEO, an association of small and microbusiness development and financing organizations, has a suite of CDFI-building programs for technology, training, program design and capital.  Please contact me for more information (sbrown@CAMEOnetwork.org) and go to our website: https://cameonetwork.org/.  While we are California based, we serve organizations throughout the US. Cheers, Susan Brown VP of Capacity Building and Training ------------------------------ Susan Brown CAMEO Microlending Specialist [More]

Staying Connected-CDFI Accounting Issues for the Crisis

Fri, 2020-07-31 15:00
From : Communities>>Open Forum
We are happy to share the OFN Staying Connected Webinar-CDFI Accounting Issues for the Crisis ------------------------------ Elizabeth Specht Member Engagement Associate Opportunity Finance Network Washington (202) 618-6100 ------------------------------

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Staying Connected-CDFI Accounting Issues for the Crisis

Affordable Training on Lending Regulations

Thu, 2020-07-30 16:28
From : Communities>>Open Forum
As we bring on new staff to support the lending team, I'm looking for training courses/materials/webinars/online education i.e. Reg B (ECOA) and others.   Has anyone found what they consider to be both good materials for their CDFI? ------------------------------ Bob Porter Managing Director Pacific Community Ventures Oakland, CA 415-442-4319 ------------------------------

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