The CDFI Fund will provide an additional 45-day application submission window for organizations that did not submit a Small and Emerging CDFI Assistance (SECA) component or Native American CDFI Assistance (NACA) Program Financial Assistance (FA) application by the original deadline. The additional application period will allow organizations to take advantage of a new waiver of the matching funds requirement for entities applying for FA awards through the NACA Program, the Healthy Food Financing Initiative (HFFI) and the SECA component. Organizations that have already submitted applications may update their request based on the waiver. The application deadline is March 5, 2015.
A handful of lending start-ups are making near-instant underwriting decisions using sophisticated software that can learn to make "better" loans based on thousands of pieces of borrowers’ information. The start-ups, including personal lender Earnest and payday lender ZestFinance, hope to transform the economics of underwriting, making more loans available at lower cost. By law, lenders cannot discriminate against loan applicants on the basis of race, religion, national origin, sex, marital status, age or the receipt of public assistance. But as startups rely increasingly on complex software algorithms that work autonomously and learn as they go, some worry that the machines could end up discriminating against certain groups without being explicitly programmed to do so.
Partners for the Common Good and CDBA seek an investments and impact manager. This position will cultivate new loan fund investors and funders and maintain accountability to all stakeholders. The incumbent will play a lead role in development and implementation of impact metrics, data collection and analysis.