The Impact Lenders Podcast (ILP) is a biweekly podcast that focuses on the work of Community Development Financial Institutions, foundations, government lenders, and others using lending for good. Through interviews with the remarkable personalities in the field, we keep listeners informed on the hot topics and emerging trends in the industry. Guests include executive directors, lenders, marketers, accountants, fundraisers and others active in the industry. By learning from their experiences ...
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EPISODE 27 – THE SOAR FUND: SPURRING SMALL BUSINESS GROWTH IN THE SOUTH
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CDFIs are coming together at an unprecedented pace to work collaboratively and solve problems at scale. One example is the Southern Opportunity and Resilience (SOAR) Fund.Av Impact Lenders Podcast
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EPISODE 26 – LEVERAGING THE POWER OF CDFIS AND GOVERNMENT RESOURCES TO CATALYZE SMALL BUSINESS GROWTH
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High Impact President Peter Schaeffing has a candid conversation with Leah Fremouw, SVP & Director of Community Innovation at Virginia Community Capital (VCC) and Andrea Longton, C.F.A., Founder and Author-Administrator of The Social Justice Investor™Av Impact Lenders Podcast
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EPISODE 25 – CDFIS BRIDGE FINANCIAL GAPS FOR VETERAN ENTREPRENEURS
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Veterans have unique challenges and opportunities when it comes to entrepreneurship and securing business loans. On the one hand, the military provides leadership and strategic training, but deployment and frequent relocations can interfere.Av Impact Lenders Podcast
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EPISODE 24 – BUILDING A HIGH GROWTH CDFI
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Impact lenders tackle huge problems–the affordable housing crisis, structural racism, predatory lending, and many more. Yet impact lenders are typically locked out of the kinds of growth capital that allow for-profit ventures to quickly scale. Capital Good Fund, a nonprofit loan fund that provides ethical payday loans, energy efficiency loans, and …
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Episode 23 – Recovery Lending at Scale with Connect2Capital
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The full impact of the COVID-19 pandemic is not yet known, but one thing is certain: PPP loans and other short-term emergency loan programs will not be enough to save many small businesses. Community Reinvestment Fund is mobilizing its one-stop-shop business lending platform, Connect2Capital, in order to ensure the survival and long-term success of…
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Episode 22 – Foundations’ Role in Resilience and Recovery
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As the economic damage of COVID-19 becomes clear, foundations are looking for new ways to support their communities. For many foundations, mission-focused lending to nonprofits is not in their standard playbook, let alone funding small businesses directly. In today’s episode, Deb Markley of LOCUS Impact Investing encourages foundations to find new …
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EPISODE 21 – STARTING AN EMERGENCY LOAN PROGRAM
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As we begin to deal with the economic fallout of the COVID-19 pandemic, many impact lenders are leaping into action to offer forbearance to existing borrowers and low-interest loans to new borrowers. This is new territory for a lot of lenders, so on today’s episode we talk with two experts from New Jersey Community Capital, […]…
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Episode 20 – Tapping Corporate Treasury to Capitalize CDFIs
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CDFIs have long relied on a few mainstays for capitalization–banks, foundations, and the CDFI Fund. Recently, though, we have started to see increased investment interest from non-bank corporations. Today’s episode profiles one of the CDFIs that has been doing this the longest and with the most success, as demonstrated by a high-profile $50 million…
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Episode 19 – Coming to a City Near You: CDFI Friendly America
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CDFIs strive to deploy capital where it is most needed. Nevertheless, a lot of smaller and midsize cities are left without a CDFI to serve them, even as larger CDFIs seek to continue to grow their markets. After observing this gap, Mark Pinsky, former CEO of the Opportunity Finance Network, decided to develop a solution. […]…
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Episode 18 – Bringing Energy Efficiency to Community Development
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Many impact lenders struggle with energy efficiency financing–sure, we all support the idea, but without technical expertise in the area it can be hard to get credit committees comfortable with utility cost savings that justify added upfront costs. Inclusive Prosperity Capital, a spin-off of the Connecticut Green Bank, aims to solve this problem. B…
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EPISODE 17 – OPPORTUNITY ZONES: GETTING CDFIs IN THE GAME
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Opportunity zones have been a hot topic in the impact finance industry since their announcement, but do CDFIs and other impact lenders have a role to play? Michael Swack and Charles Tansey think so. They join us on this episode to discuss their recent white paper, “The Potential Role for CDFIs in Opportunity Zones,” which […]…
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Episode 16 – An Entrepreneur’s Take on CDFIs
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Sometimes it seems like everyone in the CDFI industry knows each other, and that many of us have been committed to the industry for our whole careers. Our guest on this episode is not one of those familiar faces. Jim McSherry is a career entrepreneur and, for two years, took over lending operations at the […]…
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Episode 15 – Lending to Small Developers for Small Buildings
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Small buildings make up more of America’s housing stock than the large multifamily developments we often think about in the finance world. That means that to serve all the needs of a community, addressing the small building stock is essential. In this episode, two of the leading CDFIs in this space offer the lessons they’ve […]…
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Episode 14 – CNote’s Answer to the Retail Investor Opportunity
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Does heightened interest in impact investing present a real opportunity to diversify capital sources, or is it a mirage? Yuliya Tarasava, one of the founders of CNote, believes CDFIs and other community lenders can seize the moment and expand their capital bases. She joins us in this episode to offer her company’s approach to helping […]…
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The grassroots movement that resulted in the creation of CDFIs as we know them today has a deep history. In today’s episode we explore that history with one of the luminaries of the industry, Cliff Rosenthal. Cliff was there when it all started, and he shares his insights and anecdotes as he takes us through […]…
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Episode 12 – Changes in the Small Business Lending Landscape
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Mark Barbash joins the impact lenders podcast to talk about the changing landscape of the small business lending sector, and how impact lenders can best respond to it. The declining number of community banks and the proliferation of online lenders has shifted the small business lending environment dramatically. Impact lenders need to understand the…
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The Community Reinvestment Act (CRA) motivates a substantial portion of bank investments into CDFIs, and as budgets for community development programs shrink, its importance continues to grow. The Office of the Comptroller of the Currency recently released an advance notice of proposed rulemaking seeking comment on reforms to CRA, highlighting the …
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Episode 10 – The Next Generation of Impact Investors
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The political climate has made diversifying capital sources a priority for many CDFIs. At the same time, younger investors are increasingly focused on impact. How can your loan fund capitalize on that trend? In this episode, Johan Matthews discusses the insights he and his colleagues have gleaned from interviews with dozens of millenial investors a…
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Episode 09 – Journeying toward Racial Equity
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Impact lenders serving low-income communities are often working to mitigate the consequences of structural racism–but race is rarely brought to the forefront of discussions in the industry. Living Cities decided that it wanted to change that, and has embarked on a years long journey to get things right internally as they simultaneously seek to expl…
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Episode 08 – Innovations in Impact Measurement
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Measuring and tracking impact is one of the persistent challenges of impact lending. We all want to know what our work is really accomplishing, both to improve our programs and to effectively report out to investors and donors. Community Housing Capital is innovating how they measure impact by adopting the U.N.’s Sustainable Development Goals as [……
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Peter Schaeffing, President of High Impact Financial Analysis, discusses topics in underwriting in this week’s podcast. The episode offers lessons to newer underwriters and reminders that will help more experienced underwriters stay sharp. Specific topics include leasehold mortgages (starting at the 1:25 mark), financial analysis of consolidated or…
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Episode 06 – Discussions on Charter School Lending
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The Impact Lenders Podcast goes live at the National Charter Schools Conference in Austin, Texas in this episode. We speak with some of the leaders of the charter school financing sector to get their take on the trends and risks shaping the industry today. Tune into this episode to learn from the people who work […]…
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Episode 05: Inclusion in Impact Lending
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Ami Pascual Spear joins the Impact Lenders Podcast to discuss inclusion in the impact lending industry. As a past founder, employee, and current board member of various impact lending institutions, Ami has broad experience in the field that she draws on as she discusses the importance of inclusion and how the industry could improve. Ami’s […]…
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The CDFI Women’s Network was launched in 2016 to foster opportunities for a diverse and inclusive group of women in community development finance to connect, share, and learn from each other to advance their professional development. It has grown into an industry-wide initiative that brings together women from CDFIs, foundations, banks, government …
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Episode 03: Land Banks and the Vacant Property Problem
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Vacant properties encourage crime, create safety hazards, and erode pride in communities. In this episode, we talk with the President of the New York Land Bank Association to discuss what the land bank solution to vacant properties is and what financing challenges exist for land banks and their property buyers. Anyone interested in creative solutio…
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Episode 02: Growing an Impact Lending Program
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Small staff sizes, limited resources, and varied borrower needs can make growing an impact lending program a real challenge. The Leviticus 25:23 Alternative Fund has grown by 46% in three years and has over $30 million of capital under management today. Its Executive Director, Greg Maher, joins us for episode two to describe how the […]…
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Episode 01: Foundations as Impact Lenders
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In our first episode, we explore how foundations can expand their mission by becoming impact lenders. March Gallagher, President & CEO of Community Foundations of the Hudson Valley, tells us how she implemented a lending program in partnership with local CDFIs to amplify her institution’s impact. Today’s Guest: March Gallagher is responsible for th…
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Episode 00: About the Impact Lenders Podcast
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New to the Impact Lenders Podcast? Get up to speed on what it’s all about with our introductory episode.Av Impact Lenders Podcast
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