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RE: Dashboards

3 hours 5 min ago
From : Communities>>Open Forum
Teri, This is the Dashboard I created for our staff and board to accompany our monthly financials, created in Excel. I pull data out of our loan and investment software (TEA) and some data points off our Balance Sheet and P&L, and then dumped into Excel with pivot tables and charts it is pretty easy to update and manage. This reports on all our policies and performance targets, as well as other points of interest. Feel free to contact me if you have any questions about it, Jenny ------------------------------ [More]

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RE: Dashboards

New National Strategy for Financial Literacy from the Financial Literacy and Education Commission

3 hours 18 min ago
From : Communities>>Open Forum
The U.S. Department of the Treasury released the National Strategy 2020 on behalf of the Financial Literacy and Education Commission (FLEC). The National Strategy details the federal government's financial literacy priorities and underscores its plan to collaborate with state, local, and tribal governments and the private sector to strengthen financial capability for all Americans. Building Americans' financial skills is essential to enabling a dynamic economy and to encouraging individuals to [More]

RE: Dashboards

Thu, 2020-09-17 15:34
From : Communities>>Open Forum
Hi Teri -  I could not agree more with Jason's comments. High Impact has developed an interactive dashboards tool allows CDFIs to seamlessly integrate data from multiple sources to  generate custom reports.  Automated analytics and graphics provide concise, actionable insights. You can view a sample dashboard package for CDFIs at High Impact's website: http://www.highimpactanalysis.com/portfolio-analytics.html ------------------------------ Gregory Mikulka Director // Consulting (510) 502-3699 [More]

RE: Dashboards

Thu, 2020-09-17 09:16
From : Communities>>Open Forum
Hey Teri, Let me know if you need help on gathering better data. In addition to exporting realtime data, we can connect with both Salesforce and Google Sheets. It's pretty simple to create, measure and quickly improve any process if you're wanting to zero in on some specific KPIs. Best, David ------------------------------ David Taliaferro Co-Founder / CEO l Lenderfit 502.640.2365 l www.lenderfit.io ------------------------------

Registration now open for OFN's 2020 Virtual Conference!

Wed, 2020-09-16 16:36
From : Communities>>Open Forum
Fall is here and with it comes the CDFI industry's most anticipated event-OFN's Annual Conference. This year, to keep everyone safe, the Conference is virtual, offering a wonderful opportunity for more attendees and broader audience participation. Don't miss it-register today! With the theme of Finance Justice, this inspiring, four-day event will engage public and private sector thought leaders with CDFIs and our supporters in critical dialogue about today's most pressing issues. Learn how the post-election [More]

RE: Member Monday

Wed, 2020-09-16 14:16
From : Communities>>Open Forum
Thank you OFN for helping to spread the word about our work. We are proud to provide COVID-19 relief grants to small businesses in Oakland, California! This program represents only one of our many partnerships in the San Francisco Bay Area, and we look forward to sharing more good news about forthcoming deployments with other partners in our region. Working Solutions is honored to be an OFN member and in the company of this amazing network of CDFIs supporting businesses and communities across the [More]

RE: Dashboards

Wed, 2020-09-16 11:57
From : Communities>>Open Forum
Hi Teri - for what it's worth, I don't know how a performance-driven CDFI could operate effectively without one. The board and LRC don't need 20 pages of charts and tables, devoid of context. However, a dashboard is fairly meaningless if the organization does not have board-approved KPIs and metrics, and other key data points relevant to a CDFI (tracking CDFI AAT ratios, for example). Through the use of data visualizations, dashboards simplify complex data sets to provide staff, the loan committee [More]

RE: Use of vendors for PPP Forgiveness

Tue, 2020-09-15 15:46
From : Communities>>Open Forum
Hilda Hello,  I hope you are doing well.  The California Community Economic Development Association (CCEDA)  has engaged a number of consultants to provide technical assistance to small businesses and nonprofit organizations to secure PPP loan forgiveness.  They held a CCEDA sponsored webinar on the subject and are now available to provide direct assistance.  Such assistance is available on an hourly or on a contract basis, and I would be happy to introduce you to them. ------------------------------ [More]

Dashboards

Tue, 2020-09-15 15:03
From : Communities>>Open Forum
Are any of you using dashboards for presentation of your loan fund performance/data to your respective boards of directors and others? We're looking at different ways to present our data in a snapshot with enhanced visibility for interested parties.  While considering this, I'm also wondering if any of you who do commercial real estate loans use dashboards for borrower performance? ------------------------------ Teri Smith Community Loan Fund Director CASA of Oregon Sherwood, OR (503) 687-3316 - [More]

RE: Use of vendors for PPP Forgiveness

Tue, 2020-09-15 13:20
From : Communities>>Open Forum
Hilda, we have made the decision to use CRF out of Minnesota. our contact is: Michelle Page Vice President Loan Servicing ▪ Community Reinvestment Fund, USA 801 Nicollet Mall, Suite 1700W ▪ Minneapolis, MN 55402 612.248.8043 ▪  Mpage@crfusa.com ▪ www.crfusa.com       ------------------------------ Michael Carper Chief Credit Officer Community First Fund Lancaster PA (717) 869-5447 ------------------------------

What would true CRA reform would look like in terms of holding banks accountable

Mon, 2020-09-14 17:02
From : Communities>>Open Forum
Dear Colleagues: We had to spend so much time playing defense against an awful OCC proposal and final rule, we thought we wanted to remind you what true CRA reform as applied to banks would look like. Please see our new blog: https://ncrc.org/principles-for-cra-reform-strengthen-exams-for-banks/ This is the fourth in a series of blogs that look at how to reform CRA and also apply it broadly throughout the financial industry. See the previous ones: https://www.ncrc.org/cra-for-the-securities-industry-a-tool-for-combating-wealth-inequality-and-for-increasing-accountability/ [More]

RE: Member Monday

Mon, 2020-09-14 15:19
From : Communities>>Open Forum
In this week's Member Monday , we would like to highlight the work of Working Solutions . Last week, the City of Oaland and Working Solutions announced $1.375 million in emergency relief grants disbursed to 275 low-income small business owners who are struggling due to the pandemic. Characteristics of grantees include: Earning 80% of Area Median Income or less 75% of the business owners are extremely low-income, making less than 30% of Area Median Income (AMI) 85% of the businesses are owned [More]

Use of vendors for PPP Forgiveness

Mon, 2020-09-14 10:54
From : Communities>>Open Forum
Dear OFN Members, For those who participated in PPP Lending, could you please advise if you are using an outside vendor to facilitate loan forgiveness and of so, who? We are looking for resources. Thank you Great regards, Hilda J. Kennedy AmPac Business Capital the dba of AmPac Tri-State CDC, Inc. 22365 Barton Rd, Suite 304 Grand Terrace, CA 92313 909-915-1706 310-901-4831 - direct Www.ampac.com Making access to business capital as easy as ABC Word for the year - GREAT Seeing clearly in 2020 Proverbs [More]

RE: Becoming a Certified CDFI

Fri, 2020-09-11 09:20
From : Communities>>Open Forum
Hi Anthony - we successfully help 12-18 nonprofit and for profit firms obtain certification annually. Feel free to reach out off line for an intial assessment. Thanks. Jason Friedman Chief Executive Officer , Friedman Associates, LLC 319-341-3556 | 319-321-5884 | jasonj@friedmanassociates.net www.friedmanassociates.net The information transmitted in this email is intended solely for the individual or entity to which it is addressed and may contain confidential and/or privileged material.Any review, [More]

NCRC Study: More chronic disease, shorter lifespans and greater risk factors for COVID-19 in neighborhoods that were redlined 80 years ago.

Thu, 2020-09-10 13:02
From : Communities>>Open Forum
Excellent report by my colleagues in the Research Department at NCRC. Powerful accompanying blogs include one about the racist history in Memphis harming communities of color...as we all know this is a national phenomenon played out in countless cities and rural areas across the country Just released View this email in your browser Study: More chronic disease, shorter lifespans and greater risk factors for COVID-19 in neighborhoods that were redlined 80 years ago. Before the pandemic devastated [More]

Becoming a Certified CDFI

Thu, 2020-09-10 11:58
From : Communities>>Open Forum
We have been looking at the same equation, our Agency (GSCV) is looking to grow a CDFI. Under consideration how best to capitalize while minimizing risk. We have partners and relationships at the single family level. How best should we approach a Multi-family developer? Should first secure buy into an existing development and learn. Or should we create a Venture Capital fund. Any guidance or thought is welcomed! All the best! ATM Anthony T Mitchell Founder - Managing Member Georgia Sustainable [More]

RE: Small Developer Construction Lending (Product)

Thu, 2020-09-10 11:37
From : Communities>>Open Forum
We have been looking at the same equation, our Agency (GSCV) is looking to grow a CDFI. Under consideration how best to capitalize while minimizing risk. We have partners and relationships at the single family level. How best should we approach a Multi-family developer? Should first secure buy into an existing development and learn. Or create a Venture Capital fund. Thoughts? Anthony T Mitchell Founder - Managing Member Georgia Sustainable Community Ventures Tel. 404-285-0286 atm@gscommunityventures.com [More]

Small Developer Construction Lending (Product)

Tue, 2020-09-08 21:36
From : Communities>>Open Forum
Historically HFHI has lent to its affiliates by leveraging the future cash flows of their mortgage receivables. As more and more of our affiliates are looking to leverage third party funding, their mortgage portfolios are declining; however, they continue to maintain assets in the form of the properties that they're building. Given the way certain products work in terms of reimbursement or payment we often get affiliates who'd like to pledge their properties as collateral. Many of these deals are [More]

RE: Tip Tuesday

Tue, 2020-09-08 16:29
From : Communities>>Open Forum
In this week's Tip Tuesday,  we provide you with the form and email if you wish to post or delete from the job board! ------------------------------ Elizabeth Specht Member Engagement Associate Opportunity Finance Network Washington (202) 618-6100 ------------------------------

RE: Lending to DACA Borrowers

Thu, 2020-09-03 16:05
From : Communities>>Open Forum
thanks for your response - this would be a little bit larger loan for real estate acquisition - Anna ------------------------------ Anna Tefft SVP and Director of Lending Natural Capital Investment Fund, Inc. Shepherdstown WV (304) 876-2815 ------------------------------

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