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RE: CDFI Research Working Group Feedback: Assessing methods of CDFI impact measurement -

Fri, 2019-12-13 17:27
From : Communities>>Open Forum
Thank you so much for coordinating this, Jamie. I agree with all of the concerns that have been raised so far and would love to support the effort. ------------------------------ Tyler Jackson Low Income Investment Fund San Francisco CA (415) 489-6131 ------------------------------ ------------------------------------------- Original Message: Sent: 12-13-2019 09:48 From: Vicky Stein Subject: CDFI Research Working Group Feedback: Assessing methods of CDFI impact measurement - Catherine Thank you for [More]

RE: Request Info on FHLB Membership

Fri, 2019-12-13 12:24
From : Communities>>Open Forum
Thanks for the response to my question.  They have been helpful.  More info will still be appreciated. Jerry ------------------------------ Jerry Rioux San Luis Obispo County Housing Trust Fund San Luis Obispo, CA jerry@slochtf.org ------------------------------

RE: Request Info on FHLB Membership

Fri, 2019-12-13 10:36
From : Communities>>Open Forum
Hi Jerry I am Watchen Bruce, the new CEO of Baltimore Community Lending, Inc.  Could you send me the excel spreadsheet of the CDFIs that a currently member of FHLB?  I opened the spreadsheet but could locate any CDFIs.   My email address is watchen.bruce@bclending.org.  My number is 410-727-8590, Ext. 387. Thanks ------------------------------ Watchen Bruce President and CEO Baltimore Community Lending, Inc. Gwynn Oak MD 4434531312 ------------------------------

RE: CDFI Research Working Group Feedback: Assessing methods of CDFI impact measurement -

Fri, 2019-12-13 10:09
From : Communities>>Open Forum
I completely agree with the points you and Vickie make on this.   Another source of noise in this space is that, understandably, when we co-fund projects, we collect and count the same outputs, which makes it impossible (or at least incorrect) to aggregate those data.  And, a good outcome (or, in some cases, even output) can be sufficient if that output or outcome is indeed a legitimate forecaster of long-term impact on clients/beneficiaries and/or communities.  We just need to invest some time in [More]

RE: CDFI Research Working Group Feedback: Assessing methods of CDFI impact measurement -

Fri, 2019-12-13 09:48
From : Communities>>Open Forum
Catherine  Thank you for your thoughtful reply on Assessing Methods of Impact Investing.  I agree with you on all the points and suggestions you offered.  I wanted to respond to one in particular related to the issue of use-cases.  At the risk of repeating myself, one of the "hats" I wear at CRF is policy and advocacy.  Impact measurement, especially outcome based data, is so vital for CDFIs in their efforts to shape, change or develop new public policies to support our work and the communities and [More]

RE: Request Info on FHLB Membership

Fri, 2019-12-13 09:43
From : Communities>>Open Forum
Hi Jerry, I hope all is well in SLO. There are 61 CDFIs that are members of the FHLB system and you can find the list of CDFI members here on FHLB's website. If you open the September 2019 document, there will be a list of all FHLB members. You can sort by "mem_type" which will can group all CDFIs. I'm happy to share the excel attachment with you via email. There are studies and reports as well on CDFIs and the FHLB system, but I'd love to hear if there are specific topics that you're interesting [More]

RE: Express Loan Product

Fri, 2019-12-13 09:26
From : Communities>>Open Forum
Hi Robert CEI launched a fast-decision micro loan product in early 2018 called The Wicked Fast Loan (playing on a local Maine cultural phrase). We would be happy to get on a conf call and go over what we did to research this prior to launch and how we handle the requests that don't quite fit our application box. We have done over 40 of them in about 20 months and have a loan officer dedicated to this product. Send an email to myself or Daniel Wallace our director of lending, and we can set up a time [More]

RE: Request Info on FHLB Membership

Fri, 2019-12-13 09:20
From : Communities>>Open Forum
Hi Jerry CEI in Maine was a member of the FHLB Boston from 2012 until last year.... We used their funding for one deal, but continually found the collateral requirements for drawing any funds to be way too onerous.  We make business loans with an array of collateral types and values.  The FHLB products are perfectly suited to using single family homes in your portfolio as collateral to draw FHLB money.  We simply didn't have that kind of collateral to pledge. The discount they require also seemed [More]

Request Info on FHLB Membership

Thu, 2019-12-12 22:34
From : Communities>>Open Forum
Which CDFIs are members of FHLBs?  Is there a list?  Have there been any reports or studies on CDFI membership in FHLBs?  Any info would be appreciated.  Thanks! ------------------------------ Jerry Rioux San Luis Obispo County Housing Trust Fund San Luis Obispo, CA jerry@slochtf.org ------------------------------

RE: CDFI Research Working Group Feedback: Assessing methods of CDFI impact measurement -

Thu, 2019-12-12 22:21
From : Communities>>Open Forum
Hey everyone - I have been so impressed with all the interest in this (to be honest with you, I was not sure how much there would be!). We have some decisions to make in terms of scale/rigor/complexity, but so I can record volunteer interest it would be great if people could fill out this form .That form is just for people who have a interest in working on this project as a co-author or contributor. If you are a CDFI who would be responding to the survey, please continue to reply here or email me [More]

RE: CDFI Research Working Group Feedback: Assessing methods of CDFI impact measurement -

Thu, 2019-12-12 15:22
From : Communities>>Open Forum
Thanks to Jamie for coordinating this work and to Catherine and Angie for offering input and assistance.  We need as many CDFIs as possible to participate in this effort. ------------------------------ Lance Loethen Vice President, Research Opportunity Finance Network Washington DC (215) 320-4343 ------------------------------

RE: CDFI Research Working Group Feedback: Assessing methods of CDFI impact measurement -

Thu, 2019-12-12 14:22
From : Communities>>Open Forum
Hi Jamie, Thank you for your time and moving this conversation forward. I concur with Catherine's sentiments and similar questions. I, too, work for a CDFI and am the lead for their IMM system. We also have taken the step of implementing a system that anticipates/scores project impact pre-investment via the impact due diligence tool. I would be happy to complete a survey about this topic on behalf of our organization. If I can be of help as well, please let me know. Take care, Angie Waddell [More]

RE: CDFI Research Working Group Feedback: Assessing methods of CDFI impact measurement -

Thu, 2019-12-12 13:27
From : Communities>>Open Forum
Hi, Jamie. Thanks for sustaining momentum on these conversations and for asking important questions about useful measurement in the CDFI space.  I'd love to be a part of this work and am particularly invested b/c I am both someone who leads impact and measurement at a CDFI and who worked as a researcher.  (I was senior staff at a firm called Abt Associates for 11 years.)   YES, we would answer a survey about this topic here at BlueHub.  Yes, (if it'd be helpful and if I can work it into my life), [More]

RE: Express Loan Product

Thu, 2019-12-12 11:00
From : Communities>>Open Forum
Rob, Try to separate and automate the process as much as possible.  Develop scoring criteria and strict guidelines for express program.  If an application does not meet guidelines, they just do not qualify for express and can/should be looked at for a different program. ------------------------------ Grant Bennett Project Manager, CDFI Veteran Collaborative PeopleFund Austin TX (512) 222-1019 ------------------------------

RE: Express Loan Product

Thu, 2019-12-12 09:28
From : Communities>>Open Forum
Hi Rob, At Capital Good Fund we do "express" underwriting, but we have a functionally different method. Since we do 100% consumer loans all our underwriting is done on a consumer credit basis. To the extent you are willing to look at the small loans on a consumer credit basis it could easily change your diligence process. Throwing out this idea to get the ball rolling. Kevin Kevin Egolf Vice President of Investor Relations Office: 866-584-3651, ext. 168 Cell: 401-280-6331 Fax: 866-254-0219 22 A Street, [More]

CDFI Research Working Group Feedback: Assessing methods of CDFI impact measurement -

Wed, 2019-12-11 11:38
From : Communities>>Open Forum
Thanks to all of you who joined our CDFI Research Working Group call last fall - and also big thanks to those of you who were able to come to the research networking session at the OFN conference. The amount of interest in research seems to be very high, so we plan to move forward with this. Look for more details on the next call soon! Until then, we wanted to assess interest in a project to examine  how  CDFIs are engaged in impact measurement. This was something that came up a lot during the call. [More]

RE: MicroLending Underwriting Training

Wed, 2019-12-11 11:37
From : Communities>>Open Forum
Hi Heidi - any chance one can participate virtually from the east coast? Thanks, Dorothy Adams Board Chair Capital for Change Wallingford, CT ------------------------------ Dorothy Adams Board Chair Capital for Change Hartford CT (860) 586-2028 ------------------------------

Express Loan Product

Wed, 2019-12-11 11:34
From : Communities>>Open Forum
I wanted to reach out and ask if any organization has any experience, tips or pointers on setting up an "express business loan" option for their CDFI? For us it would be a helpful piece to add in if possible to expedite some of the lesser dollar amount ($15,000 and under) in order to provide clients with an answer in a few days rather than a month. All said we want it to be responsibly done and a valuable add to what we currently are offering, any guidance would be great! ------------------------------ [More]

The 2020 Outlook for Impact Capital & SRI Investing

Wed, 2019-12-11 09:20
From : Communities>>Open Forum
The new Dec issue of GreenMoney on the "2020 Outlook for Impact Capital & SRI Investing" is now online. Find insights from leading voices in impact investing and sustainable business including Leslie Samuelrich of Green Century Funds, Jon Hale of Morningstar, Benjamin Bailey of Everence Financial, Lydia Miller of Dana Investment Advisors and others, all at- https://GreenMoney.com ------------------------------ Cliff Feigenbaum Founder & Managing Editor GreenMoney Journal ------------------------ [More]

Files Attached Document
The 2020 Outlook for Impact Capital & SRI Investing

MicroLending Underwriting Training

Tue, 2019-12-10 18:10
From : Communities>>Open Forum
Our members often ask us where they can send staff for microloan underwriting training. When we looked around, we didn't find any that had evolved with current underwriting practices. So we designed a training ourselves. This will be the fifth time we're offering the two-day training.The last time we held the class it sold-out.   If you have business coaching partners and want better referrals from them, this class is for them. Feel free to contact me with questions. MicroLending Essentials Jan 22-23 [More]

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