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  • Posted in: Open Forum

    This is also a violation of the Association of Fundraising Professionals (AFP) code of ethics that prohibits finder's fees or percentage compensation. I encourage CDFIs to seek grant writers and other fund development professionals that are members of ... read more

  • Posted in: Open Forum

    Thank you for sharing, Sanjiv. This is prohibited. We must all protect the integrity of the CDFI Fund and our CDFI's from predators that seek to siphon money from the communities that need the resources. ------------------------------ Jamie (Chase) Strayer ... read more

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    Consultant Fee

    Posted in: Open Forum

    I Echo the sentiment about paying a "success fee." I spoke to a consultant and he wanted 5 percent. After doing some research, I came to conclusion that I was getting taken for a ride. PLEASE, PLEASE be aware! read more

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    City First Enterprises (CFE) is a financial institution working at the intersection of financial innovation and impact investment, in the quest for a more equitable economy. We are risk entrepreneurs investing in underserved communities, centering our focus on the people and places historically overlooked by mainstream finance.
  • City First Enterprises (CFE) is a financial institution working at the intersection of financial innovation and impact investment, in the quest for a more equitable economy. We are risk entrepreneurs investing in underserved communities, centering our focus on the people and places historically overlooked by mainstream finance.
  • Global Partnerships (GP) is an impact-first investor dedicated to expanding opportunity for people living in poverty. Impact-first investing means investing in a way that seeks the greatest possible social impact, while seeking to preserve capital with a modest financial return for investors. GP believes that impact-first investing has an essential role to play in advancing sustainable solutions to poverty for millions of people worldwide.

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CDFI Connect Blog

  • The application period for the CDFI Rapid Response Program (CDFI RRP) is now open! The CDFI RRP will distribute $1.25 billion of grants from the funding that was signed into law in December 2020. The Notice of Funding Availability (NOFA) will be published in the Federal Register on Friday, February 26, 2021. An advance copy of the NOFA can be found here .
  • On February 22, the Biden Administration announced changes to the Paycheck Protection Program (PPP) designed to deepen the program’s ability to reach very small businesses and businesses located in low- and moderate-income communities.
  • Federal bank regulators continue efforts to update the Community Reinvestment Act (CRA) regulations. On February 16, OFN submitted comments to the Federal Reserve on their Advanced Notice of Proposed Rulemaking (ANPR) .
  • On February 22, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced  more than $175 million in grants to 27 CDFIs and 21 affordable housing developers through the fiscal year FY 2020 round of the Capital Magnet Fund (CMF) program.
  • Photo: Lincoln Park Community Services, Chicago, IL (IFF borrower) OFN is excited to announce the first two Finance Justice Fund  recipients. Congratulations to Indianapolis Neighborhood Housing Partnership (INHP) and IFF, two CDFIs going deep to combat racial injustice and persistent poverty through investments in their communities. 

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