CDFI Connect Community Discussions

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Updated: 38 min 56 sec ago

RE: TLR Reports Non-Compliant but Submitted

Fri, 2021-01-15 18:36
From : Communities>>Open Forum
Hi Robert, If you haven't already done so, your first step would be to respond via a service request citing what you just reported. Good luck! ------------------------------ Dennis Oshiro Executive Director HHOC Mortgage Honolulu HI ------------------------------

Honoring MLK Day

Fri, 2021-01-15 18:19
From : Communities>>Open Forum
Dr. King's legacy and our collective understanding of his work, impact, and who we are as a country have shifted over time. How do we understand and honor Dr. King's legacy, especially in light of where we are today? "The holiday must be substantive as well as symbolic. It must be more than a day of celebration . . . Let this holiday be a day of reflection, a day of teaching nonviolent philosophy and strategy, a day of getting involved in nonviolent action for social and economic progress." Coretta [More]

Join our study on racial and gender equity in lending and promote CDFIs

Fri, 2021-01-15 17:56
From : Communities>>Open Forum
Fellow CDFI friends, For the last year+, our team has been working on a research and data initiative in partnership with CNote to promote the work CDFIs are doing to advance racial and gender equity. We want to build a strong evidence base and use data to fight back agains t unfair perceptions of risk in lending to women and people of color. So far we've produced some meaningful results (written up here and here ), but more work remains.  Now we're looking for new partners (and more data) [More]

Files Attached Document
Join our study on racial and gender equity in lending and promote CDFIs

RE: TLR Reports Non-Compliant but Submitted

Thu, 2021-01-14 10:50
From : Communities>>Open Forum
We had this happen in the fall and worked with AMIS to get it resolved, which took about a week. It certainly is an alarming email to get. ------------------------------ Kate Barr President Propel Nonprofits Minneapolis MN 612.278.7182 ------------------------------

RE: TLR Reports Non-Compliant but Submitted

Wed, 2021-01-13 19:22
From : Communities>>Open Forum
we got the same notice today too we submitted an emergency amis request Paul ------------------------------ Paul Marcus Director Impact Loan Fund Philadelphia, PA 267-209-0450 pmarcus@impactservices.org ------------------------------

TLR Reports Non-Compliant but Submitted

Wed, 2021-01-13 18:33
From : Communities>>Open Forum
I am having an issue with our TLR reports: They were submitted/certified on 12/15 and 12/16, but we were sent letters of non-compliance from the Department of Treasury. I'm not understanding how I can have submitted the TLR Reports and can see them on AMIS as submitted, but under our reporting it says they are overdue. Any clarification on how I might be missing a step or how I can remedy this issue? Thanks ------------------------------ Robert Gernert Lending Relation Manager Economic Development [More]

New PPP Calculator

Wed, 2021-01-13 15:28
From : Communities>>Open Forum
This message was sent securely using Zix (r) Hello Everyone: Is anyone aware of a PPP loan calculator for this 2 nd round that could be shared on fellow CDFI websites to assist their members? Thank you, Cindy Shogry-Raimer Vice President, Director Community Development 413-236-4169 75 Kellogg St, Pittsfield, MA 01201 NOTICE: The information in this email message is legally privileged and confidential and is intended only for the use of the addressee(s) named above. If you are not the [More]

LAST CALL: CDFI Capital Needs Survey for Impact Investor Report

Wed, 2021-01-13 15:08
From : Communities>>Open Forum
Dear CDFI Colleagues, Thank you to all who have already responded to the CDFI capital needs survey.  It is closing Friday and we'd love to get a handful more responses.  CNote is using this data in conjunction with current industry momentum to keep impact investors updated on the evolving capital needs of CDFIs. It is crucial in helping them truly understand what CDFI's consider to be favorable capital structures. https://www.mycnote.com/ capital-needs-survey/ It only takes 5 minutes and [More]

PPP loan and forgiveness expertise

Wed, 2021-01-13 11:45
From : Communities>>Open Forum
Good morning. Looking for some help here. We need a PPP expert available on January 22 from 11 - 12:30 to participate on a Small Business Forum for our microenterprise clients to provide updates on Round 2 and changes to Round 1 and answer any questions. Please reach out to me at 347-924-4223. Thanks! Dionne Jacques Deputy Director PathStone Enterprise Center 400 East Avenue Rochester, NY 14607 (347) 924-4223 - mobile djacques@pathstone.org Connect with me on LinkedIn

RE: PPP Loan Forgiveness Process

Tue, 2021-01-12 14:07
From : Communities>>Open Forum
Hi, BBVA created a webinar about PPP loans and it's split into 4 parts. This article mentions what info is included in each part of the webinar: https://www.bbva.com/en/ppp-forgiveness-series-part-4-final-advice/ I hope this helps Karin, Esther

CDFI eligibility for PPP

Tue, 2021-01-12 10:55
From : Communities>>Open Forum
Were CDFI's that engage in lending activities for the creation of low-income housing ever deemed eligible for PPP financing? I can't seem to locate a definitive answer. Sent from Mail for Windows 10

PayNet - Business Credit Scores

Mon, 2021-01-11 12:18
From : Communities>>Open Forum
Good Afternoon! Our organization is looking into using PayNet for its Business Credit Score/Report services.  I'm looking for any kind of feedback from those who have or are currently using PayNet. Thanks! ------------------------------ Rachel Thomas Northern Initiatives Marquette, Michigan rthomas@northerninitiatives.org ------------------------------

RE: Member Monday

Mon, 2021-01-11 10:54
From : Communities>>Open Forum
In this week's Member Monday , we would like to highlight the work of Virginia Community Capital. Virginia Community Capital  has created The Capital Region Small Business Development Center to help start or grow your business with expert advise and free resources. Since 2016, Virginia Community Capital has invested $334.1 M to 20,485 clients with 1,057 new businesses started.  VCC also offers extensive webinar series including: First steps to starting a business, Cybersecurity Essentials, Government [More]

NeighborWorks Umpqua CFO Retained Search

Sat, 2021-01-09 20:13
From : Communities>>Open Forum
Our Client - NeighborWorks Umpqua in Roseburg, OR has recently established a CDFI to its already formidable rural affordable housing and community development organization. Please feel free to let us know of anyone in your sphere of influence or network who has high-level CDFI, bank/lending and/or affordable housing/community development financial leadership experience. We appreciate any guidance or advice you can provide. Best regards, Tracy McMillan Managing Partner HCGA Consulting Partners Fairfield, [More]

Files Attached Document
NeighborWorks Umpqua CFO Retained Search

RE: CDFI Funding in COVID Relief

Fri, 2021-01-08 17:21
From : Communities>>Open Forum
Jamal, Thank you for your response. The OFN blogpost is helpful.  I'll be on the lookout for more information to come. ------------------------------ Belinda Turner-DuBois CEED Lending Program Manager Loan Officer CEED Lending-Great Lakes WBC Livonia MI Great Lakes Women's Business Council ------------------------------

RE: Salary range - Loan Program Director for small CDFI

Fri, 2021-01-08 11:54
From : Communities>>Open Forum
Hi Lesli, In my experience recruiting for CDFIs over the past 25 years, such positions for this size of organization in a midrange cost of living location usually have a salary somewhere between $75k and $100k at this stage of organizational development.  I would be glad to talk if you have other questions. ------------------------------ David Erickson-Pearson Principal Erickson-Pearson Search Highlands Ranch CO 303.703.6165 epdavid@earthlink.net ------------------------------

African American Owned Education Technology Company is looking for assistance or partnership.

Fri, 2021-01-08 11:52
From : Communities>>Open Forum
African American Owned Education Technology Company is looking for assistance or partnership. D. Harold Greene is the owner of WorkshopsGo!, a 20 year old African American owned national and international Education Technology Training non-profit organization founded and incorporated in March, 2003. We offer over 300 - ONLINE streaming, computer, DVD and smart phone 'community focused' Master Trainer Certification workshop video's and PDF's to certify educators to teach workforce readiness skills, [More]

RE: CDFI Funding in COVID Relief

Fri, 2021-01-08 10:36
From : Communities>>Open Forum
Dear Colleagues: You've heard that $3 billion will be available for CDFIs. Of that, $1.25 billion is earmarked for rapid deployment to help communities respond to the economic hardships created by the pandemic. The CDFI Fund has named it the CDFI Rapid Response Program (RRP) and has until February 25, 2021 to publish the funding notice for this new program.  Here's the deal: Certified CDFIs with no outstanding compliance issues will get an award under this grant; the problem is we don't know [More]

RE: CDFI Funding in COVID Relief

Fri, 2021-01-08 10:22
From : Communities>>Open Forum
Hi All, Jamal here from OFN's Public Policy Team. Although this doesn't answer your question regarding how funds will be allocated, please see our blogpost that highlights all of the CDFI-related funding in the recent Omnibus and Stimulus package. We do not have specific guidance from the Fund yet but here is what I know. The $1.75 billion is available "until expended" as opposed to the $1.25 billion which must be committed by September 2021. The legislative language, which can be found on page 907 [More]

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