Call for Community and Economic Development Practitioners
May 13, 2016
Call for Community and Economic Development Practitioners
The CDFI Fund is issuing a call for well-qualified personnel to serve as Application Reviewers and Alternates for the FY 2016 round of the Community Development Financial Institutions Program (CDFI Program) and the Native American CDFI Assistance Program (NACA Program).
For more information about this opportunity and to apply, please use the link below. The CDFI Fund has contracted with F2 Solutions to process Reviewer applications on a rolling basis. Applicants will have until Monday, May 16, 2016 at 5:00pm ET to apply.
How to Apply
If you are interested in applying as a Reviewer please visit https://www.reviewerrecruitment.netto register or update your existing profile. If you already have a profile on record, at the prompt, enter the email address and password that was used when you originally registered.
Please be sure to enter the following Session Registration Code: 215259, when prompted at the beginning of your session. You will not be given access to view the forms that require completion until you have entered the aforementioned code.
In addition to creating/updating your profile, please be sure to review and agree to the terms in the following documents under “Program Specific Requirements:”
1) 2016 CDFI/NACA/HFFI-FA Programs Experience Form,
2) 2016 CDFI/NACA/HFFI-FA Programs COI Form,
3) 2016 CDFI/NACA/HFFI-FA Programs NDA Form, and the
4) 2016 CDFI/NACA/HFFI-FA Programs Scope of Work
Please Note: In order for you to be considered, you must have a completed profile, which includes an uploaded resume, as well as ALL of the aforementioned forms completed within the reviewer recruitment system.
General Candidate Qualifications and Responsibilities
The CDFI Fund require Reviewers to have considerable expertise in community and economic development finance sectors such as affordable housing, small business, microfinance, and commercial real estate financing; financing of community-based organizations; and development service activities; or have prior experience serving as a successful CDFI Program or NACA Program application reviewer. The strongest candidates will have:
1) Prior experience serving as a CDFI Program, NACA Program or HFFI- FA application reviewer in the past three funding rounds; or,
2) Five or more years (a minimum of two years is required) of analyzing the financial statements of non-profits, affordable housing developers, venture capital funds, community banks, and/or community development or low-income designated credit unions; or
3) Five or more years (a minimum of two years is required) in one or more of the following areas:
· Experience underwriting community/economic development projects; or
· Lending and equity investment activities for small business, microenterprise, affordable housing development, community facilities, charter schools, etc.
Period of Service
The application review period will begin on June 6, 2016 and will end on July 1, 2016. Reviewers must be available for the entire four week period. Reviewers will complete approximately 9 reviews during the review period withthree application reviews due each week. On average, an application review takes four to six hours to complete. In addition, reviewers will complete approximately five hours of remote training prior to the start of the review period. Reviewers will also be required to participate in a two-hour Training Webinar on June 6, 2016.
F2 Solutions will provide a $275honorarium for each completed and approved application review. Reviewers will also be compensated upon successful completion of their training requirements for the application review process. Reviewers shall be considered independent contractors and are not eligible for employee benefits from F2 Solutions.
CDFI Program Overview
Through the CDFI Program, the CDFI Fund invests in and builds the capacity of CDFIs to serve low-income people and communities lacking adequate access to affordable financial products and services. The CDFI Fund invests in certified CDFIs by awarding Financial Assistance awards to applicants who have demonstrated the financial and managerial capacity to provide financial products and services to a low-income target market and to leverage additional resources effectively. Through Technical Assistance grants, the CDFI Fund enables certified CDFIs and emerging entities working toward certification to build their capacity as lending institutions.
NACA Program Overview
In 2004, the CDFI Fund introduced the NACA Program, which was specifically designed to encourage the creation and strengthening of CDFIs that primarily serve Native American, Alaska Native, and Native Hawaiian communities (Native Communities). Organizations funded serve a wide range of Native Communities, and reflect a diversity of institutions in various stages of development – from organizations in the early planning stages of creating a CDFI, to tribal entities working to certify an existing lending program, to established CDFIs in need of further assistance. The CDFI Fund awards both Financial Assistance and Technical Assistance awards under the NACA Program.
HFFI Program Overview
In FY 2016, the Healthy Food Financing Initiative-Financial Assistance awards will serve as an additional funding opportunity under the CDFI Program and NACA Program for eligible CDFIs that express an interest in expanding their financing activities that increase access to healthy food.
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