Resources
Meeting Presentations
Facilitating Capital through Collaboration
Presentation at South Carolina Community Capital Alliance Open Meeting March 17, 2014
2014 SC Community Capital Conference Greenville, SC
Our Inaugural Annual Conference featuring national and local speakers November 18, 2014
2015 SC Community Capital Conference – Columbia, SC
Statewide Annual Conference October 27, 2015
CDFIS
- Opportunity Finance Network Response to COVID-19 & CDFI Locator
- Grow with Google Small Business Fund
- The CDFI Fund of the U.S. Department of the Treasury
- Connect2Capital powered by the Community Reinvestment Fund, USA
Here are some resources from the sector on how nonprofits and funders are tackling COVID-19 from the Non Profit Finance Fund:
- COVID-19 Resources for Nonprofits and Funders (Bridgespan)
- COVID-19 Funding Summary (Candid)
- COVID-19 Resource Hub (Council on Foundations)
- Responding to the Coronavirus Outbreak: Resources to Help Nonprofits (The Chronicle of Philanthropy)
- COVID-19 Emergency Financial Resources (Grantspace)
- COVID-19 and the Workplace (US Department of Labor)
General Small Businesses
Bank Activity Resources
Many banks are eligible SBA lenders for the program mentioned including Economic Injury Disaster Loan (EIDL) and the $10k Advance for small businesses and private, non-profit organizations, Express Bridge
Loan Pilot for small businesses, SBA CARES ACT Paycheck Protection Program (P3) Forbes has a running List Of Banks Offering Relief To Customers Affected By Coronavirus (COVID-19)
ABA published America’s Banks Are Here to Help: The Industry Responds to the Coronavirus
National Housing Association
National Community Reinvestment Coalition COVID-19 Resources
Philanthropic Response (This group does not specify West Virginia resources but does provide national resources and some in neighboring states that may cross into the region).
Southeastern Council of Foundations COVID_19 Philanthropic Response
Other Recources
Lending Glossary
TYPES OF LENDING AND DEFINITION OF TERMS
AFFORDABLE HOUSING
Affordable housing activities: (a) promote the supply of housing through the provision of acquisition, pre-development financing, construction, rehabilitation, permanent and other similar financing, and related development services, and/or (b) increase homeownership opportunities through the provision of first mortgage financing, subordinated mortgages (for home purchase and rehabilitation) and related development services.
CDFI INTERMEDIARY
An entity that qualifies as a CDFI and whose primary business activity is the provision of financial products to CDFIs and/or emerging CDFIs.
COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI)
An entity that has been certified by the US Department of Treasury as meeting the criteria set forth to provide a range of products and services dedicated to community development.
CONSUMER FINANCIAL SERVICES
All personal loans to individuals for health, education, emergency, debt consolidation, and consumer purposes..
INDIVIDUAL DEVELOPMENT ACCOUNT (IDAS)
IDAs are matched savings accounts, similar to 401(k)s, that can be used by low-income households to purchase homes, seek post-secondary education, capitalize small businesses, fund retirement accounts, or engage in other types of economic development activities.
NATIVE AMERICAN CDFI
A CDFI that primarily serves Native American communities.
ANGEL INVESTOR
An individual that provides capital for economic, housing, or community development projects.
COMMUNITY DEVELOPMENT ENTITY
A certified organization that provides investment capital for low-income communities or low-income persons.
COMMUNITY FACILITIES
A facility in which health care, childcare, educational, cultural or social services are provided.
DEVELOPMENT SERVICES
A CDFI’s activities that promote community development and are integral to the CDFI’s provision of financial products. Such services shall prepare or assist current or potential borrowers, or investees, to utilize the financial products of the organization. Such services include: financial or credit counseling to individuals for the purpose of facilitating home ownership, promoting self-employment, or enhancing consumer financial management skills; or technical assistance to borrowers, or investees, for the purpose of enhancing business planning, marketing, management, and financial management skills.
HEALTHY FOOD
Projects that involve providing healthy food choices to underserved communities or food deserts.
LOAN FUND
An organization whose predominant business activity is the provision of loans.
SMALL BUSINESS
Capitalized funds to provide for the purposes of expanding small business development.