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CDFI Application templates?

  • 1.  CDFI Application templates?

    Posted 17 days ago

    Hello everyone! I am very very new to this space and developing tools and templates for an aspirational CDFI. In looking over the materials from the Fund and a quick search through the site, I haven't identified updated templates that are in alignment with the new requirements. Does anyone have any they can share? If not, would anyone like a copy of whatever I develop?

    Thanks!



    ------------------------------
    Marissa Germain
    Consultant
    Higher Logics Community Contacts (CDFI CONNECT - DO NOT DELETE)
    Orlando FL
    4078322937
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  • 2.  RE: CDFI Application templates?

    Posted 14 days ago

    Hi Marissa,

    I would like a copy of what you develop, financialfaithcorp@gmail.com

    Thanks,

    Terrance



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    Terrance Brisbane
    VP Community Development
    Terrance Brisbane
    Jacksonville FL
    904-237-5023
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  • 3.  RE: CDFI Application templates?

    Posted 13 days ago
    Hi Marissa.  I would appreciate it as well, elissa@AMCREF.com

    Thank you. 


    Elissa Schauman
    SVP of Business Development 

    AMCREF Community Capital LLC
    2525 Jena Street
    New Orleans, LA 70115
    W: 504-593-8360 M: 314-324-9382  
    elissa@amcref.com  amcref.com

    AMCREF Community Capital is an equal opportunity provider











  • 4.  RE: CDFI Application templates?

    Posted 12 days ago
    Hi Marissa, 

    I would love a copy if what you develop. Thanks!

    JaLisha Richmond 
    Director of Lending & Client Support, Thread Capital 
    C: ‪919.341.9269 ‬| O: 919.212.4942
    Office hours M-Thu 9-6, F 9-1 
    Office visits by appointment only
    If you would like to schedule a call with me, please do so https://calendly.com/jalisha.







  • 5.  RE: CDFI Application templates?

    Posted 11 days ago

    I'd also like to see what you develop if you're willing to share them.

    Best,

    Brooke



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    Brooke Cain
    CBA Fund Manager
    Credit Builders Alliance
    Washington DC
    202.644.9071
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  • 6.  RE: CDFI Application templates?

    Posted 11 days ago

    Marisa, Marcos Morales. Please include me in that request for copies of your templates.



    ------------------------------
    Marcos Morales
    Executive Director
    Marcos Morales
    Phoenix AZ
    602-455-1302
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  • 7.  RE: CDFI Application templates?

    Posted 13 days ago

    Hi - I'm using the "Revised CDFI Certification Application" pdf to build a "template" for us to capture our responses. I converted the document into a Word doc and I am deleting the questions that don't pertain to us. I will draft our responses in there, to eventually copy/paste into AMIS. This may be more basic than what you are looking for.  https://www.cdfifund.gov/sites/cdfi/files/2023-12/Final_508_CDFI_Certification_Application_Form_120523.pdf



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    STACY ESBROOK
    Managing Director, Policy and Impacts
    Magnet Lending Corporation
    517-334-0545
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  • 8.  RE: CDFI Application templates?

    Posted 12 days ago

    Hi Marissa,

    I would like a copy of what you develop, pmendoza@ppep.org

    Thank you, 

    Pattie Mendoza

    Microloan Program Director

    520-806-4646




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    Pattie Mendoza
    Microloan Program Director
    PPEP Microbusiness and Housing Development Corporation
    Tucson AZ
    520.806.4646
    ------------------------------



  • 9.  RE: CDFI Application templates?

    Posted 11 days ago

    Hi Marissa - I would like a copy.

    Thank you,
    juneperry72@yahoo.com 



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    June Perry
    N/A
    June Perry
    Baltimore MD
    4104582472
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  • 10.  RE: CDFI Application templates?

    Posted 10 days ago

    Good morning, Marissa; I would love a copy as well.  Thank you so much for doing this. 

    Michael



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    Michael McKinney
    Executive Director/ CEO
    Piedmont Business Capital
    Greensboro NC
    3362569350
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  • 11.  RE: CDFI Application templates?

    Posted 5 days ago
      |   view attached

    Dear Colleagues - I'm not clear on the definition of 'templates.'  If you mean loan documents, policies and procedures,  compliance and internal controls, etc., then "templates" are useful in terms of understanding the appropriate formats, subject headings, getting a sense of (if done well) internal processes and work flow. However, the specific loan policy and procedures, underwriting criteria, approvals, loan risk rating, post-loan TA, etc. for a loan fund focused on financing energy efficiency and weatherization upgrades for older homes and clean energy projects, is going to be markedly different than for a loan fund focused on immigrant entrepreneurs or affordable housing.

    If the goal is to create and/or build a high performance, financially healthy CDFI, I suggest you put templates aside and start at the beginning by developing a Theory of Change - a comprehensive description and illustration of how and why a desired change is expected to happen in a particular context. What outcomes or changes, in a group of people, organizations, or places, do you expect to see as a result of executing your mission? The answers will inform every aspect of operations - from your philosophy about credit and risk tolerance, to the types of financial products and development services you will offer, the sources and types of capital required, your outreach plan, to the people you hire and recruit for your board, and so much more. If you have figured all this out, then great, 'template' will be very useful to help you fill in the blanks.

    If you are a pure 'start up' or an existing organization seeking to create a loan fund, the next step is to identify the  essential building blocks and tasks required. Attached is a simple spreadsheet of those tasks by category. Many of these 'tasks' require thoughtful, and often intense, conversations among the leadership, board, and other key stakeholders, which then directly inform the 'paper' that guides everything you do. For example, is the task to develop a loan policies and procedures manual? Here are sample questions from standard subjects found in a manual:

    • Specification of the lending authority of each loan officer and the loan committee including the maximum amount and types of loan that each person and committee can approve and what signatures are required. Considerations/Questions:
      • How many people does it take to approve a loan?
      • Do you want one individual to have loan authority?
      • What is approved by the Loan Committee?
    • What must go to the Board for approval?
    • Lines of responsibility for making assignments and reporting information within the lending division. Considerations/Questions
      • Does your CDFI have a shared database where lenders and staff can read up on prospective borrowers?  Existing borrowers?
      • Who is responsible for reviewing the loans on a regular basis for risk rating changes?
      • Do you have a watch list that is regularly presented to the Loan Committee?   
    • Operating procedures for soliciting, reviewing, evaluating, and making decisions on customer loan applications. 
      Considerations/Questions
      • Do you specify different underwriting criteria for different types of loans?
      • Will you be scoring your loans numerically to derive the risk rating?
      • Is the scoring grid included in the policies?

    A discussion of every functional area of loan fund operations should generate questions about how, who, when, and why? A sample manual, if truly developed as a 'playbook' for lending, will have this fully explained, but again, based on their specific lending philosophy, borrower profile, risk tolerance, current staffing, and internal controls, etc. 

    Caveat: In this case, begin that conversation when everyone involved must have a solid baseline understanding of what it takes to build and grow a mission-driven lending institution. 

    I hope this is helpful in furthering the dialogue!

    Note: the purpose of this post is 'knowledge transfer' - to provide observations and learning from direct experience with the intent of speeding the learning curve of mission-driven organizations. It is not intended as a solicitation for consulting services. 



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    Jason Friedman
    CEO
    Friedman Associates
    Iowa City IA
    319-321-5884
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  • 12.  RE: CDFI Application templates?

    Posted 7 days ago

    Wow! Thank you all for your responses. I am working on a template now, and hope to have something to share soon. As I am doing this as an independent consultant I will likely have to charge an amount. If you are still interested in seeing the template I build, please email me at germain.marissa@gmail.com. Thanks!



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    Marissa Germain
    Consultant
    Marissa Germain
    Orlando FL
    4078322937
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