CDFI Connect Community Discussions
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RE: Collection Agencies
From : Communities>>Open Forum
Hi! We use: https://www.acsrecovery.com/ Superior accounts receivable solutions since 1969 Associated Credit Services, Inc. 115 Flanders Road Suite 140 Westborough, MA 01581 Phone: (508) 366 - 0888 Fax: 888-978-5738 Toll Free: (800) 531 - 6500 www.acsrecovery.com I have currently used them for approx. ten years (Community Loan Fund coll.) and prior to that for consumer lending (savings bank) for many years. Good results and great communication. They charge a % of amt. collected. Lora A. Baldracchi [More]
Hi! We use: https://www.acsrecovery.com/ Superior accounts receivable solutions since 1969 Associated Credit Services, Inc. 115 Flanders Road Suite 140 Westborough, MA 01581 Phone: (508) 366 - 0888 Fax: 888-978-5738 Toll Free: (800) 531 - 6500 www.acsrecovery.com I have currently used them for approx. ten years (Community Loan Fund coll.) and prior to that for consumer lending (savings bank) for many years. Good results and great communication. They charge a % of amt. collected. Lora A. Baldracchi [More]
Would like to connect with any CDFI which has HFFI Funds Available for a New Project
From : Communities>>Open Forum
We at DOF have been approached to bring Freight Farms: Freight Farms | Hydroponic Shipping Container Farms to various geographic areas where we are doing work. Double approach: Bring healthy foods to poor areas and provide potential employment for people with disabilities and/or those in recovery. We have done the major homework in understanding the product which requires about $180,000 a unit and have a few real-time opportunities to place a few units. If you have any interest, please reach out [More]
We at DOF have been approached to bring Freight Farms: Freight Farms | Hydroponic Shipping Container Farms to various geographic areas where we are doing work. Double approach: Bring healthy foods to poor areas and provide potential employment for people with disabilities and/or those in recovery. We have done the major homework in understanding the product which requires about $180,000 a unit and have a few real-time opportunities to place a few units. If you have any interest, please reach out [More]
Collection Agencies
From : Communities>>Open Forum
Curious to know: Do you outsource collections? Can you provide a referral of any collection agencies? Can you provide a referral of any collection law firms? Thoughts on subject..... ------------------------------ Anthony Thomas Associate Director Solita's House Inc. ------------------------------
Curious to know: Do you outsource collections? Can you provide a referral of any collection agencies? Can you provide a referral of any collection law firms? Thoughts on subject..... ------------------------------ Anthony Thomas Associate Director Solita's House Inc. ------------------------------
Vermont Early Childhood Advocacy Alliance is hiring an Outreach Manager
From : Communities>>Open Forum
The Vermont Early Childhood Advocacy Alliance (the Alliance) is a statewide, independent advocacy coalition of parents, community members, organizations, and early childhood service providers who are committed to improving public policies that impact young children between the ages of birth and eight in the areas of health, safety, food and economic security, and early care and education. The role of the Outreach Manager is to support the mission of the Alliance by managing the Alliance's communications, [More]
Files Attached Document
Vermont Early Childhood Advocacy Alliance is hiring an Outreach Manager
The Vermont Early Childhood Advocacy Alliance (the Alliance) is a statewide, independent advocacy coalition of parents, community members, organizations, and early childhood service providers who are committed to improving public policies that impact young children between the ages of birth and eight in the areas of health, safety, food and economic security, and early care and education. The role of the Outreach Manager is to support the mission of the Alliance by managing the Alliance's communications, [More]
Files Attached Document
Vermont Early Childhood Advocacy Alliance is hiring an Outreach Manager
We are coming to Arizona, Illinois and Indiana this Fall...
From : Communities>>Open Forum
We look forward to joining forces in these three states this Fall... Please contact us to explore ways to partner and expand access to all. Best,Lonnie Smith President - On the Road Lending470-522-7358 (mobile) 214-217-6048 (fax)ontheroadlending.org On the Road Lending's loan fund, OTR Fund I, LLC, is a Community Development Financial Institution (CDFI) certified by the U.S. Department of the Treasury. CDFIs provide credit and financial services to underserved markets and populations [More]
Files Attached Document
We are coming to Arizona, Illinois and Indiana this Fall... Attachments
We look forward to joining forces in these three states this Fall... Please contact us to explore ways to partner and expand access to all. Best,Lonnie Smith President - On the Road Lending470-522-7358 (mobile) 214-217-6048 (fax)ontheroadlending.org On the Road Lending's loan fund, OTR Fund I, LLC, is a Community Development Financial Institution (CDFI) certified by the U.S. Department of the Treasury. CDFIs provide credit and financial services to underserved markets and populations [More]
Files Attached Document
We are coming to Arizona, Illinois and Indiana this Fall... Attachments
RE: Receipt of RRP Funds
From : Communities>>Open Forum
To All Participants, It finally started our Agreement was counter-signed 7/28/2021 at 11:05 pm of all times. I think everyone with signed agreements will have the same outcome either today or within a few days. We signed our agreement on 6/29 and the counter-signed 7/28 one month better late then never. Good luck everyone. Regards, Michael Veksler, COO The Finest FCU 215 Park Row Suite 2 NY, NY 10038 646-661-1383 - Direct 646-661-1093 - Fax mveksler@thefinestfcu.org ------------------------------ [More]
To All Participants, It finally started our Agreement was counter-signed 7/28/2021 at 11:05 pm of all times. I think everyone with signed agreements will have the same outcome either today or within a few days. We signed our agreement on 6/29 and the counter-signed 7/28 one month better late then never. Good luck everyone. Regards, Michael Veksler, COO The Finest FCU 215 Park Row Suite 2 NY, NY 10038 646-661-1383 - Direct 646-661-1093 - Fax mveksler@thefinestfcu.org ------------------------------ [More]
RE: Receipt of RRP Funds
From : Communities>>Open Forum
Jeanne, We received and signed our agreement on 6/29/2021 but as of 7/28/2021 the agreement is still not countersigned. Usually is takes 2-4 days to get a counter signature then another 2-4 days after the counter signature to get the CDFI funds. About 10 days ago I decided to email the CDFI to ask this question and was told that they are working diligently but because of the number of winners they are swamped. No target date for the counter-signature has been given but I am guessing they have to [More]
Jeanne, We received and signed our agreement on 6/29/2021 but as of 7/28/2021 the agreement is still not countersigned. Usually is takes 2-4 days to get a counter signature then another 2-4 days after the counter signature to get the CDFI funds. About 10 days ago I decided to email the CDFI to ask this question and was told that they are working diligently but because of the number of winners they are swamped. No target date for the counter-signature has been given but I am guessing they have to [More]
Compliance suggestions for Small-ish CDFI/CDC
From : Communities>>Open Forum
Hi! Am wondering who you are utilizing for your compliance needs. I believe that our current needs are pretty simple, but we do require Federal and State of MA compliance. We would primarily need info for retail lending (no first mtg. loan originations, only 2nd lien fixed rate products) and things like credit bureau reporting, rental, etc. We are not looking for is full-time staffer that is an attorney or even a paralegal. We would need perhaps a service that could digest current regulatory [More]
Hi! Am wondering who you are utilizing for your compliance needs. I believe that our current needs are pretty simple, but we do require Federal and State of MA compliance. We would primarily need info for retail lending (no first mtg. loan originations, only 2nd lien fixed rate products) and things like credit bureau reporting, rental, etc. We are not looking for is full-time staffer that is an attorney or even a paralegal. We would need perhaps a service that could digest current regulatory [More]
Free LLC formation - limited time offer
From : Communities>>Open Forum
Hi all, At JUSTLAW for a very limited time we are offering free llc formation. The entrepreneur is required for the payment of all fees to the state, but we do the paperwork and filing for them. No strings attached. For more information, and a helpful primer on forming LLCs, which you can share with your network, please see this link. From your friends at JUSTLAW ------------------------------ Jason Gabbard CEO Jason Gabbard 888-587-8187 ------------------------------
Hi all, At JUSTLAW for a very limited time we are offering free llc formation. The entrepreneur is required for the payment of all fees to the state, but we do the paperwork and filing for them. No strings attached. For more information, and a helpful primer on forming LLCs, which you can share with your network, please see this link. From your friends at JUSTLAW ------------------------------ Jason Gabbard CEO Jason Gabbard 888-587-8187 ------------------------------
RE: Escrow Analysis
From : Communities>>Open Forum
However I did send to our team, just in case we decide to create our own letter to a client.... ------------------------------ Anthony Thomas Associate Director Solita's House Inc. ------------------------------
However I did send to our team, just in case we decide to create our own letter to a client.... ------------------------------ Anthony Thomas Associate Director Solita's House Inc. ------------------------------
RE: Escrow Analysis
From : Communities>>Open Forum
This is not what we're looking for....this seems more like an article to explain to a client about why thier payment may increase. Thanks for your reply! ------------------------------ Anthony Thomas Associate Director Solita's House Inc. ------------------------------
This is not what we're looking for....this seems more like an article to explain to a client about why thier payment may increase. Thanks for your reply! ------------------------------ Anthony Thomas Associate Director Solita's House Inc. ------------------------------
RE: Escrow Analysis
From : Communities>>Open Forum
Hi Anthony, does this help: https://www.rocketmortgage.com/learn/why-is-my-mortgage-payment-changing#:~:text=Adding%20an%20escrow%20account%20will,escrow%20expenditures%20for%20the%20year. ------------------------------ Jason Gabbard CEO Jason Gabbard 888-587-8187 ------------------------------
Hi Anthony, does this help: https://www.rocketmortgage.com/learn/why-is-my-mortgage-payment-changing#:~:text=Adding%20an%20escrow%20account%20will,escrow%20expenditures%20for%20the%20year. ------------------------------ Jason Gabbard CEO Jason Gabbard 888-587-8187 ------------------------------
Escrow Analysis
From : Communities>>Open Forum
Is there a letter anyone can share that explains to your client that their escrow will increase, thus their mortgage payment will increase? Also is their someone we could hire to calculate this or train us on how to evaluate? ------------------------------ Anthony Thomas Associate Director Solita's House Inc. ------------------------------
Is there a letter anyone can share that explains to your client that their escrow will increase, thus their mortgage payment will increase? Also is their someone we could hire to calculate this or train us on how to evaluate? ------------------------------ Anthony Thomas Associate Director Solita's House Inc. ------------------------------
RE: Member Monday
From : Communities>>Open Forum
This week, we will look at the amazing work of Mercy Community Capital. Mercy Community Capital started in the 1980s when Sister Mary O'Roark served as a legal aid for families facing eviction in Omaha, Nebraska. Today, MCC is focused exclusively on funding affordable housing and essential community infrastructure projects that support affordable housing. MCC has loaned over $427 million to house over 82,187 residents and create/restore 33,151 units. 100% of their units are serviced to Low-Income [More]
This week, we will look at the amazing work of Mercy Community Capital. Mercy Community Capital started in the 1980s when Sister Mary O'Roark served as a legal aid for families facing eviction in Omaha, Nebraska. Today, MCC is focused exclusively on funding affordable housing and essential community infrastructure projects that support affordable housing. MCC has loaned over $427 million to house over 82,187 residents and create/restore 33,151 units. 100% of their units are serviced to Low-Income [More]
RE: Receipt of RRP Funds
From : Communities>>Open Forum
All good. Processing over 850 awards for one program is unprecedented for the Fund. We have clients that just received their agreements. In the meantime, check out our new website to learn how CDFIs are using a small portion of their award to make investments in their long term future. Thanks! Jason J. Friedman, CEO Friedman Associates 319-321-5884 New website: www.friedmanassociates.net
All good. Processing over 850 awards for one program is unprecedented for the Fund. We have clients that just received their agreements. In the meantime, check out our new website to learn how CDFIs are using a small portion of their award to make investments in their long term future. Thanks! Jason J. Friedman, CEO Friedman Associates 319-321-5884 New website: www.friedmanassociates.net
RE: Receipt of RRP Funds
From : Communities>>Open Forum
Jason, We did receive the Assistance Agreement and submitted it back signed almost immediately. We have not yet received the funds and my question was whether we should have received them by now. Thank you, Jeanne Jeanne Schroer, CRE President/Chief Executive Officer Catalytic Development Funding Corp. of Northern Kentucky 50 E. RiverCenter Blvd., Ste. 260 Covington, KY 41011 859-757-0518 phone 859-760-9398 mobile
Jason, We did receive the Assistance Agreement and submitted it back signed almost immediately. We have not yet received the funds and my question was whether we should have received them by now. Thank you, Jeanne Jeanne Schroer, CRE President/Chief Executive Officer Catalytic Development Funding Corp. of Northern Kentucky 50 E. RiverCenter Blvd., Ste. 260 Covington, KY 41011 859-757-0518 phone 859-760-9398 mobile
RE: Receipt of RRP Funds
From : Communities>>Open Forum
Hi Jeanne - the question is whether you have received your assistance agreement? Thanks. ------------------------------ Jason Friedman President and CEO Friedman Associates 319.341.3556 jasonj@friedmanassociates.net New website! www.friedmanassociates.net ------------------------------
Hi Jeanne - the question is whether you have received your assistance agreement? Thanks. ------------------------------ Jason Friedman President and CEO Friedman Associates 319.341.3556 jasonj@friedmanassociates.net New website! www.friedmanassociates.net ------------------------------
RE: Receipt of RRP Funds
From : Communities>>Open Forum
We haven't received ours yet but we just signed the agreement last week so I'm assuming it will be at least a few weeks before the funds come through. ------------------------------ Eden Schulz Director of Administration The Working World, Inc. New York NY 917.922.3985 ------------------------------
We haven't received ours yet but we just signed the agreement last week so I'm assuming it will be at least a few weeks before the funds come through. ------------------------------ Eden Schulz Director of Administration The Working World, Inc. New York NY 917.922.3985 ------------------------------
PCG is Hiring a Lending and Compliance Associate
From : Communities>>Open Forum
Partners for the Common Good is in search of a Lending and Compliance Associate. For more information about the organization, and to apply, please visit our website at www.pcgloanfund.org/careers-and-internships. ------------------------------ Larita Mimms Chief Accounting and Administrative Officer Partners for the Common Good Washington DC (202) 689-8935 ext. 26 ------------------------------
Partners for the Common Good is in search of a Lending and Compliance Associate. For more information about the organization, and to apply, please visit our website at www.pcgloanfund.org/careers-and-internships. ------------------------------ Larita Mimms Chief Accounting and Administrative Officer Partners for the Common Good Washington DC (202) 689-8935 ext. 26 ------------------------------
Let's Make a Deal? CDFIs and Local Government
From : Communities>>Open Forum
Dear Colleagues: As COVID-recovery dollars have flowed out to local governments, dozens (hundreds?) have turned to CDFIs to help get the money out where it is needed the most. That's great! What's not so great is that is many municipalities don't really understand how CDFIs operate, with the result that the 'deal' offered is not in their best interests of the lender. Familiar story? Read on in "New Equity Capital" - our new blog. Happy Friday! ------------------------------ Jason Friedman President [More]
Dear Colleagues: As COVID-recovery dollars have flowed out to local governments, dozens (hundreds?) have turned to CDFIs to help get the money out where it is needed the most. That's great! What's not so great is that is many municipalities don't really understand how CDFIs operate, with the result that the 'deal' offered is not in their best interests of the lender. Familiar story? Read on in "New Equity Capital" - our new blog. Happy Friday! ------------------------------ Jason Friedman President [More]