2 0 1 7 P R O N E I G H B O R H O O D S R F P

2017

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Table of contents

1. Overview: PRO Neighborhoods .......................................................... 1 CDFI Collaboratives Description 1

2. Request for Proposals ........................................................................ 3 Defining Community Development Challenges 3 Funding Uses 3 Collaborative Structure 4 Eligibility 4 Expectations 5 2017 Key Dates 6 Submission 6

Appendices

A. Frequently Asked Questions ................................................................. 8

B. PRO Neighborhoods Eligible Markets ................................................. 15

C. Scoring Criteria* ................................................................................. 20

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1. Overview: PRO Neighborhoods

JPMorgan Chase recognizes that thriving neighborhoods are critical to the long-term economic success of individuals, communities and cities. At a time when economic growth is often directed toward reviving commercial corridors and downtowns, many neighborhoods, families and small business owners are being left behind. Recent research indicates that economic opportunity is deeply rooted in neighborhood conditions. Poor families located in thriving, resource-rich neighborhoods experience far greater education, health and employment opportunities. Every city faces its own set of challenges and needs a localized comprehensive strategy for inclusive economic growth that provides opportunities for residents of distressed neighborhoods. Yet, many cities are finding it difficult to bring together the cross-sector solutions that such neighborhoods need to thrive. Partnerships for Raising Opportunity in Neighborhoods (PRO Neighborhoods) is a five-year, $125 million effort to drive inclusive economic growth by helping communities access the tools they need to address neighborhood quality issues that inhibit economic mobility. As these challenges are major drivers of wealth and income inequality in chronically distressed neighborhoods, in communities of color, and among small business owners and low-income families, we will focus our efforts to reach those populations. PRO Neighborhoods consists of three components:

An annual national competition to support Community Development Financial Institution Collaboratives (CDFI Collaboratives), which is the focus of this RFP;

Seed grants to support new financing mechanisms that expand affordable housing connected to economic opportunity drivers; and

Forward-looking data tools that help cities plan their neighborhood investments equitably and efficiently.

CDFI Collaboratives Description A CDFI Collaborative is an innovative model for economic growth in which a set of CDFIs align their talent, technology and balance sheets to address a specific community development challenge, such as urban blight, lack of flexible debt capital for minority and women-owned businesses, or the need for critical services such as clinics and child care centers in distressed neighborhoods.

The PRO Neighborhoods CDFI Collaborative annual competition encourages CDFIs to work together in CDFI Collaboratives to create solutions to tackle the biggest barriers to opportunity in their communities and develop innovative financing options for projects in distressed neighborhoods that are unable to qualify for traditional loans. In 2014, JPMorgan Chase launched a $33 million pilot program to support innovative strategies developed by CDFIs that deliver much-needed economic resources and social services to the most vulnerable neighborhoods in our cities. According to an impact assessment by The Harvard University Joint Center on Housing Studies, our initial $33 million investment with 26 CDFIs leveraged an additional $351 million of capital into these communities, supported 1,263 loans totaling over $239 million, created or preserved 1,616 units of affordable housing and created or retained 4,432 jobs through 331 small business loans. The success of the 2014 pilot and two additional competitions in 2015 and 2016 serve as the foundation of the PRO Neighborhoods Initiative, a model for locally driven, tailored support of individual communities. Past winners from these competitions can be found here.

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The JPMorgan Chase Foundation is issuing a fourth Request for Proposals (RFP) from CDFIs that share our commitment to promoting inclusive growth through collaboration. Winners will be announced in September 2017.

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2. Request for Proposals

The JPMorgan Chase Foundation is soliciting proposals from CDFI Collaboratives organized around a shared community development objective to address a documented challenge within their service area(s). Successful applicants will be eligible for a three-year grant of up to $5 million. This program has four primary objectives:

To create access to more sophisticated streams of capital and improved delivery of service for local and regionally focused CDFIs with less than $75 million in net assets by pooling balance sheets, technology and talent;

To seed creative and collaborative problem-solving to address persistent community development challenges in JPMorgan Chase footprint cities and areas;

To deploy capital to low and moderate-income (LMI) neighborhoods and to serve LMI individuals and small businesses (with revenues under $1 million); and

To document and share best practices and new models to improve social conditions in distressed neighborhoods within the community development field.

The application must be submitted through CyberGrants. Below are details on the RFP.

Defining Community Development Challenges The PRO Neighborhoods Initiative allows applicants to use data and other evidence to define the local problem and encourages creative partnerships and solutions in response. Local problems should include validation from other local stakeholders, such as inclusion in local community development or economic revitalization plans. For example, key challenges we will consider include (but are not limited to):

Commercial and residential blight in chronically distressed neighborhoods;

An insufficient number of affordable housing units connected to economic opportunities;

A deficit of healthy food and other healthcare resources;

Disconnection of low-income individuals from key opportunity drivers such as employment, quality schools and transportation; and

High barriers to accessing capital for traditionally underserved and underrepresented small businesses.

Funding Uses At least 51 percent of the funding from the competition must be used to leverage another capital source, including, but not limited to:

Public funding;

Balance sheet capital dedicated to the grant activities;

Private debt; or

Other philanthropic investment.

Other eligible uses of the remaining funds include:

Technology or other systems development;

Operational expenses related to executing grant activities; and

Partnership activities.

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Preference will be given to applications that dedicate a greater portion of their grant amount to balance sheet activity and/or technology or systems development.

Collaborative Structure The CDFI Collaborative group structure must fit within the following guidelines:

A CDFI collaborative must consist of between two and five CDFIs, each of which must have net assets of less than $75 million (see exceptions listed below).

Each CDFI collaborative must identify a Lead Organization responsible for coordinating the group’s activities including fiscal administration, reporting, quality control and deliverable management. To qualify as a Lead Organization, the entity must be a 501(c) (3) public charity. In addition, the Lead Organization must meet ONE of the following criteria:

1. A participating CDFI with net assets below $75 million;

2. A nonparticipating CDFI with net assets above $75 million; or

3. A non-CDFI intermediary with a demonstrated track record addressing the challenge and supporting CDFIs.

NOTE: CDFI’s above the $75 million asset threshold or non-CDFI intermediaries may still serve as the Lead Organization. In such cases, that organization will still count toward the maximum membership of five CDFIs in the collaborative, but will not be able to use the funding to support its own balance sheet activity. Lead Organization may allocate a reasonable portion of the funding to support group coordination, reporting or technical assistance activities of the collaborative.

CDFI’s with net assets of $75 million or below may serve as either the Lead Organization or collaborative member, as well as apply funding to its balance sheet activity.

Any CDFIs that have received balance sheet dollars in 2015 or 2016 cannot receive balance sheet dollars in 2017.

Each CDFI collaborative is required to identify an evaluation partner to document achievements and the impact of the work. These evaluators are expected to create an external impact report and share data with the Joint Center of Housing Studies at Harvard that evaluates the overall impact of the partnership. Strong preference will be given to CDFI Collaboratives that have identified an evaluation partner at the time of submission. If an evaluator is not identified, one must be secured within 6 months of grant execution.

Eligibility To be eligible for funding, the CDFI collaborative must meet the following criteria:

Each of the participating members must be a CDFI certified by the Department of Treasury. The only exception will be in the case of a fiscal sponsor serving as a Lead Organization.

A track record of strong financial management, including a robust balance sheet and clean audit. In the case of a non-CDFI Lead Organization, that organization will also have to demonstrate expertise in the field, a track record of delivering technical assistance and strong financial management.

Strong organizational leadership and management. In addition, each collaborative member must demonstrate a commitment to diversity and inclusion within the organization, particularly at the senior staff and board levels.

Strong preference will be shown for Collaboratives with the majority of activities in one of the ten priority markets and/or in the PRO Neighborhoods eligible markets (Appendix B).

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Ability to achieve all deliverables within a three-year time frame.

Activities must be geographically focused on a single city, Metropolitan Statistical Area (MSA) or defined region not to exceed five cities (cities do not need to be contiguous).

Expectations Selection Process Requirements: If you make it to the final rounds, you must submit detailed financials by June 30. The Collaborative must also be available for interviews and potential site visits from June 28-July 14 and at least one member of the Collaborative must attend a live presentation in New York City on July 28 (travel will be provided by JPMorgan Chase).

Finally, at least one representative from the Collaborative must be available for announcement activities on September 25-26.

Participation in PRO Neighborhoods CDFI Collaborative Cohort: To encourage peer learning, networking and knowledge sharing, JPMorgan Chase will host several virtual and in person events throughout the year. If you are selected, you are expected to participate in at least two events each year. Travel should be included in the grant budget.

If selected, other requirements will include:

Collaborative MOU and work plan submission

Release Annual Evaluation Report: As noted above, the evaluator will release a public white paper/progress report with detailed, quantitative data on the project annually on their website and/or release during a media/visibility event.

Report to The Joint Center for Housing Studies from Harvard: The Joint Center for Housing Studies from Harvard will produce a series of studies and reports that will assess the progress and results of the PRO Neighborhoods Program from its inauguration in 2014 through 2018. Harvard is working with each Collaborative’s evaluator to collect aggregate metrics common across all the PRO grantees.

Submit JPMorgan Chase CyberGrants Impact Report: In addition to the third party evaluation requirement, all PRO Neighborhood grants are requested to submit an “Impact Report” through JPMC’s online grants system, CyberGrants, annually. They will receive a reminder email from our system 30 days prior to the due date of the report.

Share a story of how the local community was directly impacted by the Grant: When grantees submit their Impact Report in CyberGrants, they will attach an “impact story” that highlights the problem or challenge the Grant addressed, describes how the population served was assisted by the Grant and helps explain the success of the Program.

Host three media/visibility events (one of which will be a peer learning event): All PRO winners are required to host three media/visibility events within the three-year grant period. One event should be a peer learning event with other stakeholders in their communities. Grantees can align their visibility event with the release of their white paper.

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2017 Key Dates*

April 3 PRO Neighborhoods RFP is released

April 6 OFN hosted an informational call with JPMorgan Chase & Co. to answer questions on the program and RFP.

View the recording of the webinar: http://ofn.org/webinars

May 10 Proposals due in CyberGrants

May-July Applications will go through 4 rounds of review, non-winners will be notified at each stage

June 27 Financials requested of finalists

June 30 Financials due

June 28—July 14 Finalists participate in interviews and/or site visits with JPMorgan Chase staff

July 28 Live presentation to a JPMorgan Chase Selection Committee in New York City

Early August Initial award notification

September 25-26 Winners announced

*These dates are subject to change

Submission All proposals must be submitted via CyberGrants. All proposals are due by May 10, midnight Pacific Time. Any proposals received via email will not be reviewed as part of the application process. Questions can be directed to CDFI.Requestforproposal@jpmchase.com.

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3. Appendix

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A. Frequently Asked Questions

The following is a selection of responses to questions we have received since launching PRO Neighborhoods in 2013. More information on the initiative can be found on our website.

PART ONE: About the Initiative 1. What is PRO

Neighborhoods? Partnerships for Raising Opportunity in Neighborhoods (PRO Neighborhoods) is a five-year, $125 million initiative to address key drivers of inequality and tackle the challenges facing underserved neighborhoods in the United States. PRO Neighborhoods includes a series of competitions to encourage Community Development Financial Institutions (CDFIs) to form strategic Collaboratives that advance inclusive economic growth. Launched in April 2017, JPMorgan Chase & Co. is soliciting proposals from CDFI Collaboratives organized around a shared community development initiative for the fourth round of the PRO Neighborhoods competition. Successful applicants will be eligible for a grant of up to $5 million.

2. What is the benefit of forming a CDFI Collaborative?

Through our first three rounds of CDFI Collaboratives, we have seen how a collaborative approach can help locally and regionally focused CDFIs pool balance sheets, technology and talent; access capital and ultimately yield greater impact.

3. What are the objectives of the CDFI Collaboratives?

This program has four primary objectives:

• To create access to more sophisticated streams of capital and improved delivery of service for local and regionally focused CDFIs with less than $75 million in net assets;

• To seed creative and collaborative problem-solving to address persistent community development challenges in JPMorgan Chase footprint cities and areas;

• To deploy capital to low and moderate-income (LMI) neighborhoods and to serve LMI individuals and small businesses (with revenues under $1 million); and

• To document and share best practices and new models to improve social conditions in distressed neighborhoods within the community development field.

4. This is the fourth year of the competition, are any results available?

Yes! According to an impact assessment by the Harvard Joint Center for Housing Studies (JCHS) our initial $33 million investment to 7 CDFIs: • Leveraged $351 million of capital, • Supported 1,263 loans totaling over $239 million, • Created or preserved 1,616 units of affordable housing, and • Created or retained 4,432 jobs through 331 small business

loans. PART TWO: Request for Proposal (RFP) Eligibility & Structure 5. What are the eligibility

requirements for applicants?

To be eligible for funding, the CDFI Collaborative must meet the following criteria: • Each of the participating members must be CDFI certified by

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the Department of Treasury. The only exception will be in the case of an intermediary fiscal sponsor serving as a Lead Organization (See Q6 for more details on Lead Organizations).

• A track record of strong financial management, including a robust balance sheet and clean audit. In the case of a non-CDFI Lead Organization (i.e. an intermediary), that organization will also have to demonstrate expertise in the field, a track record of delivering technical assistance and strong financial management.

• Strong organizational leadership and management. In addition, each Collaborative member must demonstrate a commitment to diversity and inclusion within the organization, particularly at the senior staff and board levels.

• Strong preference will be shown for Collaboratives with the majority of activities in one of the ten priority markets or in the PRO Neighborhoods eligible markets. [A list of eligible markets can be found in the Appendix of the PRO Neighborhoods RFP]

• Ability to achieve all deliverables within a three-year time frame.

• Activities must be geographically focused on a single city, Metropolitan Statistical Area (MSA) or defined region not to exceed five cities (cities do not need to be contiguous).

• Please note: An organization can apply more than once with different projects but will not receive more than one grant.

6. What are the guidelines of the Collaborative structure?

The CDFI Collaborative group structure must fit within the following guidelines: • Consist of between two and five CDFIs with net assets of or

below $75 million (each). • Identify a Lead Organization responsible for coordinating

the group’s activities including fiscal administration, reporting, quality control and deliverables management. The Lead Organization must be a 501(c) (3) public charity, and must meet ONE of the following criteria: A. A participating CDFI with net assets below $75 million; B. A nonparticipating CDFI with net assets greater than

$75 million. In this case, the Lead Organization may provide coordination, administration, and technical expertise, but may not assign grant funds to its balance sheet; or

C. A non-CDFI intermediary fiscal sponsor with a demonstrated track record of supporting CDFIs. In this case, the Lead Organization may provide coordination, administration, and technical expertise, but may not assign grant funds to its balance sheet.

• Identify a third-party evaluation partner to track and evaluate outcomes. Strong preference will be given to Collaboratives that have identified an evaluation partner at

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the time of submission. If an evaluator is not identified, one must be secured within six months of grant execution.

7. Why must CDFIs have net assets of $75 million or below to be eligible?

JPMorgan Chase recognizes that small and mid-sized CDFIs often end up competing for scarce resources. And too often, these development projects that have the potential to yield economic and social benefits do not qualify for traditional financing. PRO Neighborhoods aims to break down this barrier by providing small and mid-sized CDFIs with capital to align resources, expand lending activities and bring neighborhood development projects to scale.

8. Are CDFIs that received PRO awards in any of the first three CDFI Collaborative competitions eligible to apply PRO funding to their own balance sheet?

• Any CDFIs that have received balance sheet dollars in 2015 or 2016 may apply in 2017 as a Lead Organization or Collaborative member, but are not eligible to receive balance sheet dollars in 2017.

• All 2013/2014 winners can participate again as well as apply grant dollars to their balance sheets given that their grants have closed out and they meet all other criteria.

9. Can past winners apply to extend the same project that has been supported through the competition in the past?

No. Given our goals to identify new models of collaboration and programs to advance inclusive growth in distressed communities, we are not going to support an extension of projects previously supported through the PRO Neighborhoods competition.

10. What is the maximum grant amount?

Successful applicants will be eligible for a three-year grant of up to $5 million. All grants will be allocated over a three-year period.

11. Are there requirements to how the grant should be used?

Yes. The majority (at least 51 percent) of funds are required to leverage additional capital to finance community development projects. The remainder can be used for operational expenses, program evaluation, technology upgrades and other capacity-building needs. Preference will be given to applications that dedicate a greater portion of their grant amount to balance sheet activity and/or technology or systems development.

12. Do CDFIs need to be located within the same geographic area?

CDFIs do not have to be located in the same geographical location. However, activities must be geographically focused in a single city, Metropolitan Statistical Area (MSA) or defined region that does not exceed five cities (cities do not have to be contiguous). Proposals targeting multiple cities must clearly articulate the common community development challenge found in these cities and how the activities of the Collaborative are applicable to each location.

13. Does having an existing, non-PRO Neighborhoods grant from JPMorgan Chase disqualify an applicant?

No.

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14. My organization still has questions about the application process. What resources are available to us?

OFN hosted an informational call with JPMorgan Chase & Co. to answer questions on the program and RFP.

View the recording of the webinar: http://ofn.org/webinars

PART THREE: Expectations and Reporting Requirements 15. What are expectations

of program winners? Expectations of participants are high. They are as follows: Selection Process Requirements: If your proposal is selected for the final round of review, applicants must submit detailed financials by June 30. The Collaborative must also be available for interviews and potential site visits from June 28-July 14, and at least one member of the Collaborative must attend a live presentation in New York City on July 28 (travel will be provided by JPMorgan Chase). At least one representative from the Collaborative must be available for announcement activities on September 25-26. Participation in PRO Neighborhoods CDFI Collaborative Cohort: To encourage peer learning, networking and knowledge sharing, JPMorgan Chase will host several virtual and in-person events throughout the year. If you are selected, you are expected to participate in at least two events each year. Travel should be included in the grant budget. Other requirements will include: • Collaborative MOU and work plan submission • Release Annual Evaluation Report: The evaluator will release

a public white paper/progress report with detailed, quantitative data on the project annually online and/or release during a media/visibility event.

• Report to the JCHS: The JCHS will produce a series of studies and reports that will assess the PRO Neighborhoods Program from its inauguration in 2013/2014 through 2018. The JCHS will work with each Collaborative’s evaluator to collect aggregate metrics common across all the PRO grantees.

• Submit JPMorgan Chase CyberGrants Impact Report: In addition to the third-party evaluation requirement, all PRO Neighborhoods grantees are required to submit an Impact Report through JPMorgan Chase’s online grants system, CyberGrants, annually. The primary contact will receive a reminder email from our system 30 days prior to the due date of the report.

• Share a story of how the local community was directly impacted by the grant: When grantees submit their Impact Report in CyberGrants, they will attach an “impact story” that highlights the problem or challenge the grant addressed, describes how the population served was assisted by the grant and helps explain the success of the

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program. • Host three media/visibility events (one of which will be a

peer learning event): All PRO winners are required to host three media/visibility events within the three-year grant period. One event should be a peer learning event with other stakeholders in their communities. Grantees can align their visibility event with the release of their white paper.

16. Who should applicants select as evaluation partners?

Each CDFI Collaborative must identify a third-party evaluation partner within six months of the grant execution. Evaluation partners can be local universities, consultant firms or individuals able to effectively track program outcomes. Ideally, they should be familiar with the community and/or the challenges the Collaborative seeks to address. Evaluation partners will be responsible for submitting publicly available annual reports and the final impact report, as well as sharing outcomes with the JCHS research team.

17. How will the JCHS be engaged?

The success of the evaluation component of this initiative relies heavily on engagement with the JCHS. Specifically, the JCHS will introduce and discuss the metrics and reporting process with evaluators, and may engage with them throughout the year to collect and clarify data. The JCHS will select several of the Collaboratives to be the subjects of PRO Neighborhoods Case Studies. For those Collaboratives that are selected, the JCHS will interview a representative of each CDFI, request pictures of projects the collaborative has supported and may request additional information.

PART THREE: RFP Timeline 18. How do I submit an

application? All proposals must be submitted via CyberGrants. The invitation code is: Briggs00. All proposals are due by May 10, midnight Pacific Time. Any proposals received via email will not be reviewed as part of the application process. Questions can be directed to CDFI.Requestforproposal@jpmchase.com.

19. What happens to the application once it is submitted?

The JPMorgan Chase Foundation will leverage experts from across the firm to carefully review proposals. Proposals will be reviewed over four rounds. Non-winners will be notified at each stage.

20. What is the timeline of the proposal review and selection process?

• April 3: PRO Neighborhoods competition RFP is released • April 6: Information call with Opportunity Finance Network

(OFN) & JPMorgan Chase • May 10: Deadline to submit application • May – July: Applications go through four rounds of review

o June 27: Financials requested from finalists o June 30: Financials due to JPMorgan Chase o June 28 – July 14: interviews and site visits o July 28: Live presentation to JPMorgan Chase

Selection Committee in New York City (travel will be covered for one member of each Collaborative)

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• Early August: Initial award notification • September: Grant agreements finalized • September 25-26: Winners announced *These dates are subject to change

21. Are there examples of strong applicants?

You can review examples of strong applications on the JCHS website.

APPENDIX – Metrics & Definitions Gross revenues Money generated by operations prior to deductions for expenses Total assets under management

Total market value of assets a financial institution or investment company manages on behalf of investors

Average delinquency rate over the last three years

The delinquency rate is the number of loans that have delinquent payments divided by the total number of loans an institution holds. To submit this figure in the application, provide the average rate over the last three years.

Describe qualitative and quantitative approaches on how the CDFI Collaborative will collect and evaluate outcomes.

Examples of qualitative approaches: Attending local community board meetings and stakeholder roundtables, meeting with local small business leaders and Congressional representatives, citing the development of new city plans and their relevance to the Collaborative’s work, etc. Examples of quantitative approaches: utilizing outcomes tracking software Provide comments on how the evaluation partner will work with the Collaborative to meet reporting requirements. Also provide details on the prompt and accurate flow of information from CDFIs to the evaluation partner to JPMorgan Chase and the JCHS.

Top Sources of Leverage The largest sources of debt an institution has taken on to finance operations

REQUIRED METRICS TO BE TRACKED & EVALUATED (created in collaboration with the JCHS) The following is a complete list of required metrics PRO Neighborhoods grant recipients must track and report on for the duration of the grant term. Grant recipients may also submit project specific metrics unique to the initiative. Metric Definition $ loan capital deployed from JPMorgan Chase grant

Origination amount of loan, and amount of JPMorgan Chase capital used to directly fund this loan.

$ loan capital recycled Dollar amount of repaid PRO loan principal and interest that has been lent out as a part of other loans.

$ amount of project capital leveraged (public)

The amount of debt obtained from public sources to finance activities. Public sources are defined as financial resources provided by the federal government.

$ amount of project capital leveraged (private)

The amount of debt obtained from private sources to finance activities. Private sources are defined as financial resources provided by

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sources other than the federal government.

% LMI or vulnerable populations served

"Loans to [low/moderate] income individuals or households, groups whose highest income member is [low/moderate]-income, businesses >50% owned by [low/moderate]-income persons, non-profits board >50% [low/moderate]-income persons or lead executive of the non-profit is a [low/moderate]-income person." (CDFI Fund) "Low income is defined as an annual income, adjusted for family size: for metropolitan areas, 80 percent of the area median family income; and for non-metropolitan areas, the greater of: (i) 80 percent of the area median family income; or (ii) 80 percent of the statewide non- metropolitan area median family income." (CDFI Fund) "Moderate income is defined as between 80% and 120% of area median income." (Aeris)

% of women served "Primary investee/borrower is female, for-profit business is >50% woman-owned, or non-profit board is >50% women." (CDFI Fund)

% of people of color served

"Primary investee/borrower is an ethnic and/or racial minority, business is >50% minority-owned, or non-profit board is >50% minorities." (CDFI Fund)

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B. PRO Neighborhoods Eligible Markets

Below is the full list of markets in which proposals will be accepted in but we encourage proposals particularly in the following areas:

California: Los Angeles / San Jose

Florida: Orlando

Louisiana: New Orleans

Nevada: Las Vegas

Ohio: Cleveland / Columbus

Texas: Houston

Washington, D.C.

West Virginia: Charleston

STATE REGION

Arizona Flagstaff, AZ MSA Arizona Phoenix-Mesa-Scottsdale, AZ MSA Arizona Prescott, AZ MSA Arizona Sierra Vista-Douglas, AZ MSA Arizona Tucson, AZ MSA Arizona Yuma, AZ MSA California Anaheim-Santa Ana-Irvine, CA MD California Bakersfield, CA MSA California Chico, CA MSA California El Centro, CA MSA California Fresno, CA MSA California Hanford-Corcoran, CA MSA California Los Angeles-Long Beach-Glendale, CA MD California Madera, CA MSA California Merced, CA MSA California Modesto, CA MSA California Napa, CA MSA California Non-Metro - California Total California Oakland-Hayward-Berkeley, CA MD California Oxnard-Thousand Oaks-Ventura, CA MSA California Redding, CA MSA California Riverside-San Bernardino-Ontario, CA MSA California Sacramento-Roseville-Arden-Arcade, CA MSA California Salinas, CA MSA California San Diego-Carlsbad, CA MSA California San Francisco-Redwood City-South San Francisco, CA MD California San Jose-Sunnyvale-Santa Clara, CA MSA

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California San Luis Obispo-Paso Robles-Arroyo Grande, CA MSA California San Rafael, CA MD California Santa Cruz-Watsonville, CA MSA California Santa Maria-Santa Barbara, CA MSA California Santa Rosa, CA MSA California Stockton-Lodi, CA MSA California Vallejo-Fairfield, CA MSA California Visalia-Porterville, CA MSA California Yuba City, CA MSA Colorado Boulder, CO MSA Colorado Colorado Springs, CO MSA Colorado Denver-Aurora-Lakewood, CO MSA Colorado Fort Collins, CO MSA Colorado Greeley, CO MSA Connecticut Bridgeport-Stamford-Norwalk, CT MSA Connecticut New Haven-Milford, CT MSA Florida Cape Coral-Fort Myers, FL MSA Florida Deltona-Daytona Beach-Ormond Beach, FL MSA Florida Fort Lauderdale-Pompano Beach-Deerfield Beach, FL MD Florida Jacksonville, FL MSA Florida Lakeland-Winter Haven, FL MSA Florida Miami-Miami Beach-Kendall, FL MD Florida Naples-Immokalee-Marco Island, FL MSA Florida North Port-Sarasota-Bradenton, FL MSA Florida Orlando-Kissimmee-Sanford, FL MSA Florida Palm Bay-Melbourne-Titusville, FL MSA Florida Port St. Lucie, FL MSA Florida Punta Gorda, FL MSA Florida Sebastian-Vero Beach, FL MSA Florida Tampa-St. Petersburg-Clearwater, FL MSA Florida The Villages, FL MSA Florida West Palm Beach-Boca Raton-Delray Beach, FL MD Georgia Atlanta-Sandy Springs-Roswell, GA MSA Georgia Gainesville, GA MSA Idaho Boise City, ID MSA Idaho Coeur d’Alene, ID MSA Idaho Idaho Falls, ID MSA Idaho Non-Metro - Idaho Total Idaho Pocatello, ID MSA Illinois Bloomington, IL MSA Illinois Champaign-Urbana, IL MSA Illinois Chicago-Naperville-Arlington Heights, IL MD

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Illinois Davenport-Moline-Rock Island, IA-IL MSA Illinois Elgin, IL MD Illinois Lake County-Kenosha County, IL-WI MD Illinois Peoria, IL MSA Illinois Rockford, IL MSA Illinois Springfield, IL MSA Indiana Bloomington, IN MSA Indiana Elkhart-Goshen, IN MSA Indiana Fort Wayne, IN MSA Indiana Gary, IN MD Indiana Indianapolis-Carmel-Anderson, IN MSA Indiana Lafayette-West Lafayette, IN MSA Indiana Louisville/Jefferson County, KY-IN MSA Indiana Michigan City-La Porte, IN MSA Indiana Muncie, IN MSA Indiana Non-Metro - Indiana Total Indiana South Bend-Mishawaka, IN-MI MSA Kansas Kansas City, MO-KS MSA Kentucky Bowling Green, KY MSA Kentucky Cincinnati, OH-KY-IN MSA Kentucky Elizabethtown-Fort Knox, KY MSA Kentucky Lexington-Fayette, KY MSA Kentucky Louisville/Jefferson County, KY-IN MSA Kentucky Non-Metro - Kentucky Total Kentucky Owensboro, KY MSA Louisiana Alexandria, LA MSA Louisiana Baton Rouge, LA MSA Louisiana Hammond, LA MSA Louisiana Houma-Thibodaux, LA MSA Louisiana Lafayette, LA MSA Louisiana Lake Charles, LA MSA Louisiana Monroe, LA MSA Louisiana New Orleans-Metairie, LA MSA Louisiana Non-Metro - Louisiana Total Louisiana Shreveport-Bossier City, LA MSA Massachusetts Boston, MA MD Michigan Ann Arbor, MI MSA Michigan Battle Creek, MI MSA Michigan Detroit-Dearborn-Livonia, MI MD Michigan Flint, MI MSA Michigan Grand Rapids-Wyoming, MI MSA Michigan Kalamazoo-Portage, MI MSA

20

17

P

RO

N

EI

GH

BO

RH

OO

DS

R

FP

18

Michigan Lansing-East Lansing, MI MSA Michigan Muskegon, MI MSA Michigan Niles-Benton Harbor, MI MSA Michigan Non-Metro - Michigan Total Michigan Saginaw, MI MSA Michigan Warren-Troy-Farmington Hills, MI MD Minnesota Minneapolis-St.Paul Missouri Springfield, MO MSA Missouri St. Louis, MO Nevada Las Vegas-Henderson-Paradise, NV MSA Nevada Reno, NV MSA New Hampshire Rockingham County-Strafford County, NH MD New Jersey Allentown-Bethlehem-Easton, PA-NJ MSA New Jersey New York-Jersey City-White Plains, NY-NJ MD New Jersey Newark, NJ-PA MD New Jersey Trenton, NJ MSA New York Albany-Schenectady-Troy, NY MSA New York Binghamton, NY MSA New York Buffalo-Cheektowaga-Niagara Falls, NY MSA New York Dutchess County-Putnam County, NY MD New York Kingston, NY MSA New York Nassau County-Suffolk County, NY MD New York New York-Jersey City-White Plains, NY-NJ MD New York Non-Metro - New York Total New York Rochester, NY MSA New York Syracuse, NY MSA North Carolina Charlotte Ohio Akron, OH MSA Ohio Canton-Massillon, OH MSA Ohio Cincinnati, OH-KY-IN MSA Ohio Cleveland-Elyria, OH MSA Ohio Columbus, OH MSA Ohio Dayton, OH MSA Ohio Lima, OH MSA Ohio Mansfield, OH MSA Ohio Non-Metro - Ohio Total Ohio Springfield, OH MSA Ohio Weirton-Steubenville, WV-OH MSA Ohio Wheeling, WV-OH MSA Ohio Youngstown-Warren-Boardman, OH-PA MSA Oklahoma Oklahoma City, OK MSA Oklahoma Tulsa, OK MSA

20

17

P

RO

N

EI

GH

BO

RH

OO

DS

R

FP

19

Oregon Albany, OR MSA Oregon Bend-Redmond, OR MSA Oregon Corvallis, OR MSA Oregon Eugene, OR MSA Oregon Grants Pass, OR MSA Oregon Medford, OR MSA Oregon Non-Metro - Oregon Total Oregon Portland-Vancouver-Hillsboro, OR-WA MSA Oregon Salem, OR MSA South Carolina Greenville Tennessee Chattanooga Tennessee Memphis Texas Abilene, TX MSA Texas Amarillo, TX MSA Texas Austin-Round Rock, TX MSA Texas Beaumont-Port Arthur, TX MSA Texas Brownsville-Harlingen, TX MSA Texas College Station-Bryan, TX MSA Texas Dallas-Plano-Irving, TX MD Texas El Paso, TX MSA Texas Fort Worth-Arlington, TX MD Texas Houston-The Woodlands-Sugar Land, TX MSA Texas Killeen-Temple, TX MSA Texas Laredo, TX MSA Texas Longview, TX MSA Texas McAllen-Edinburg-Mission, TX MSA Texas Midland, TX MSA Texas Non-Metro - Texas Total Texas Odessa, TX MSA Texas San Antonio-New Braunfels, TX MSA Texas Sherman-Denison, TX MSA Texas Tyler, TX MSA Texas Waco, TX MSA Texas Wichita Falls, TX MSA Utah Logan, UT-ID MSA Utah Non-Metro - Utah Total Utah Ogden-Clearfield, UT MSA Utah Provo-Orem, UT MSA Utah Salt Lake City, UT MSA Utah St. George, UT MSA Washington Bellingham, WA MSA

20

17

P

RO

N

EI

GH

BO

RH

OO

DS

R

FP

20

C. Scoring Criteria*

Geography: We want a balanced geographic portfolio. Key considerations:

Is the proposal addressing one of the top 10 priority markets or are one of the PRO Neighborhoods Eligible Markets (Appendix B)?

o California: Los Angeles / San Jose o Florida: Orlando o Louisiana: New Orleans o Nevada: Las Vegas o Ohio: Cleveland / Columbus o Texas: Houston o Washington, D.C. o West Virginia: Charleston

The extent to which the Collaborative reaches a new area, builds capacity in a place not served well by CDFIs currently or delivers a product and service new to the area. Unique pairing of cities or regions that encourage peer network development and sharing of best practices and deep engagement in a distressed area

Equity: PRO Neighborhoods seeks to 1) build the capacity and balance sheets of small CDFIs rooted in distressed communities, diverse/women-led CDFIs, and those located in traditionally underserved areas; and 2) reach traditionally underserved communities and individuals such as chronically poor neighborhoods, particularly minorities, entrepreneurs of color, and women.

Innovation: PRO Neighborhoods is disrupting CDFI operation and funding models. We want to continue to identify new ways of doing business, supporting technology that improves and expands impact, and forges unlikely partnerships. Key considerations: The disruptive potential of the model – is it radically new or disrupting a negative trend, product or

practice? The extent to which the collaborative provides products or uses technology in distinctive or unique

ways Demonstration of creativity in the partnerships created by the collaborative New or creative uses of public funds or other resources to stretch the dollar further

Structure; Sustainability & Scalability: The partnerships we support should have a viable business model and a path to financial sustainability. We also look for models that can serve as pilots that can potentially be replicated elsewhere. Key considerations: Clear articulation of problem and solution Applicability of the solution to other markets Clear articulation of each CDFI role and responsibility The viability of the business concept/model Whether the partners are leveraging each other for growth and efficiency Opportunity to attract additional capital

Reporting & Evaluation Capacity: Articulation of success metrics and clear plan for tracking and evaluating progress. *The scoring criteria represents high-level categories of assessment.