Industry Job Bank

  • Make an impact and join the opportunity finance field.

The track record of today’s opportunity finance industry is impressive. All financing directly benefits low-income and low-wealth people to increase access to homeownership opportunities, affordable rental housing, thriving small businesses, and critical services such as childcare, healthcare, and education.

Do you want to develop innovative strategies? Combine your business acumen with an unwavering dedication to making a difference in people’s lives? Change the rules of financing? Make your impact and join the opportunity finance field.

To submit a job listing, please use our online form. If you need to edit or remove a posting, please contact info@ofn.orgSubmissions will be reviewed to ensure relevancy to the industry, and posted within 1 business day.

If you are looking for internships please visit our CDFI Industry Internship Bank.

Senior Associate, Programs Opportunity Finance Network
Washington, DC
Job Function: Other
Posted: December 6, 2018

Background:

OFN is a leading national network of CDFIs (community development financial institutions) with offices in Philadelphia and Washington D.C. In pursuit of a mission to align capital with social, economic, and political justice, OFN supports its member CDFIs with money, strength, and voice to drive transformational change in underserved communities nationwide.

Position Summary:

The Senior Associate, Knowledge Sharing is responsible for coordinating a collaborative design process for developing new programs, and the implementation of complex programs that build the capacity of CDFIs. This position involves coordinating cross-departmental teams within OFN, liaising with external stakeholders such as funders and members, and leading processes that may include these and other constituencies.

Responsibilities:

  • Coordinate the development and implementation of a comprehensive collaborative design process to develop new initiatives.

    • With EVP Knowledge Sharing and other senior OFN leaders, create an internal process for developing a collaborative design process for new initiatives.

    • Coordinate the implementation of the internal process.

    • Once the collaborative design process is established, develop a timeline and coordinate its implementation. The collaborative design process may include gathering and analyzing background data, developing draft program designs, gathering input from a range of stakeholders including CDFIs, funders, and investors through in-person and virtual meetings, and incorporating this input into the design.

  • Coordinate implementation of programs. For each program, tasks may include:

    • Coordinate all aspects of program delivery including: application and selection process; development and delivery of program services including training, peer learning, and financing; analysis of program results; communication of program results to internal and external audiences; external Advisory Committee activities; and identification of potential reforms to related public sector programs.

Requirements:

  • Bachelor’s degree or 5-7 years of direct professional work experience in lieu of degree.

  • 3-5 years of professional experience in project management, communications, or other related organization activities.

  • Experience supporting organization level operations.

  • Exposure to and/or experience in community development finance, finance, and/or banking is valuable.

  • Superior interpersonal skills and ability to work constructively with diverse constituents including internal and external stakeholders, and individuals in senior leadership positions to drive initiatives and results.

  • Superior written and verbal communication skills with the ability to appropriately adjust for different audiences.

  • Superior project planning and project management skills.

  • Ability to identify and complete technical and complex tasks and/or assignments.

  • Understanding of and commitment to community development finance.

  • Ability to work independently and in team environment.

  • Ability to manage multiple tasks and set priorities under minimal supervision in effective and efficient manner.

  • Proficient with MS Office Products.

  • Moderate to heavy travel required (30%-50% of time).

  • Job involves normal physical requirements for an office position.

Compensation:

Commensurate with experience.

How to Apply:

 

Member Services Specialist Opportunity Finance Network
Washington, DC
Job Function: Relationship Management
Posted: November 16, 2018

Background:

OFN is a leading national network of CDFIs (Community Development Financial Institutions) with offices in Philadelphia and Washington D.C. In pursuit of a mission to align capital with social, economic, and political justice, OFN supports its member CDFIs with money, strength, and voice to drive transformational change in underserved communities nationwide.

Position Summary:

The primary responsibilities and essential functions of the Member Services Specialist are to assist in member recruitment, retention, and engagement; develop and administer content for OFN’s peer learning activities; and assist in creating content and driving adoption on CDFI Connect. 

Responsibilities:

  • Membership
    • Conduct prospecting research to identify potential new members.
    • Create initial draft of audience-appropriate, clear and concise written communications to potential new members.
    • Assist in onboarding new members.
    • Oversee the membership renewal process by coordinating with the accounting department.  This includes sending email notices, printed invoices, and coordinating telemarketing efforts.
    • Ensure membership directories are accurate and maintain accurate database records.
  • Peer Learning
    • With guidance from the EVP, Membership, develop content, organize, and execute bi-monthly Staying Connected Calls for OFN membership.
    • With guidance from EVP, Membership, develop regional meeting agendas and oversee registration and logistics.
    • Coordinate one or more programmatic elements of the annual Small Business Finance Forum and OFN Conference such as tours, a track of Conference sessions, a portion of Small Business Finance Forum sessions, or networking sessions.
    • Assist in creating content and driving user adoption on CDFI Connect, OFN’s online community platform
  • Assist the Knowledge Sharing team on special projects as requested.

Requirements:

  • Bachelor’s degree or 5-7 years of work experience in lieu of a degree
  • 1-3 years of professional experience in the CDFI industry, nonprofit sector, or in project management.
  • Professional experience drafting original audience specific communications for publication required.
  • Experience with Customer Relationship Management Software (CRM) and Higher Logic preferred.
  • Experience in community development finance industry is strongly preferred.
  • Experience using social media for professional purposes is beneficial.
  • Excellent written and verbal communication skills.
  • Strong interpersonal skills and ability to collaborate across all levels and departments of the organization.
  • Must be proficient with MS Office Suite products and social media platforms.
  • Excellent organizational and problem-solving skills with a keen eye for detail.
  • Ability to work independently or as a flexible team player is required.
  • Ability to manage multiple projects simultaneously with ease and efficiency under moderate supervision.
  • Understanding of and commitment to opportunity finance is a plus.
  • Ability to work constructively with a diverse audience.
  • Light to moderate travel required (5-10% of time).
  • No extraordinary physical requirements beyond ability to travel.

Compensation:

Commensurate with experience.

How to Apply:

To apply visit our online application portal at:
https://theapplicantmanager.com/jobs?pos=OF144

 

Events Coordinator Opportunity Finance Network
Washington, DC
Job Function: Marketing/PR
Posted: November 16, 2018

Background:

OFN is a leading national network of CDFIs (Community Development Financial Institutions) with offices in Philadelphia and Washington D.C. In pursuit of a mission to align capital with social, economic, and political justice, OFN supports its member CDFIs with money, strength, and voice to drive transformational change in underserved communities nationwide.

Position Summary:

The Events Coordinator will assist the EVP, Membership and the EVP, Knowledge Sharing in coordinating, planning, and executing OFN’s events. Specifically, this position coordinates and organizes event logistics to ensure successful Annual Conferences, Small Business Finance Forums, regional meetings, advocacy days, webinars, trainings, and other meetings and events as necessary.

Responsibilities:

  • Plan and coordinate events (both in-person and virtual) with the direction of the EVP, Membership and EVP, Knowledge Sharing.
  • Anticipate event needs, manage event planning calendar and scheduling, discern work priorities, monitor event timelines ensuring deadlines are met.
  • Lead the call for sessions process: update and send invitation, organize responses, recruit reviewers, prepare ranking sheets, organize reviewer responses.
  • Manage event registration: update web site content, track comp codes, handle all registration inquiries, provide registration information to Meeting Planner in a readily usable form and on a timely basis, conduct on-site registration and handle attendee issues.
  • Coordinate Conference breakout session presenters: communicate key dates, gather speaker needs, handle inquiries, communicate needs to Meeting Planner.
  • Coordinate internal and external requests for meeting space at conference hotel: create request forms, communicate with those making requests, and coordinate approved requests with Meeting Planner for space assignment.
  • Maintain inventory of event-related items (e.g., name badges, lanyards, binders), prepare meeting materials such as agendas and name badges, ensure training binders are properly assembled, and ensure materials are shipped to event location on time.
  • As needed, assist with site search and selection, and communicate AV and food/beverage needs to site.
  • Update and issue event evaluations and collect responses. Prepare summary reports for staff and Board.

Requirements:

  • Bachelor’s degree or 5-7 years of work experience in lieu of a degree.
  • 1-3 years of professional experience in the CDFI industry, nonprofit sector, or in project management.
  • Professional event planning experience of events up to 1,500 people.
  • Experience drafting original audience specific communications for management review and publication required.
  • Experience in community development finance industry is strongly preferred.
  • Excellent written and verbal communication skills.
  • Strong interpersonal skills and ability to collaborate across all levels and departments of the organization.
  • Must be proficient with MS Office Suite products and social media platforms.
  • Excellent organizational and problem-solving skills with a keen eye for detail.
  • Ability to work independently or as a flexible team player is required.
  • Ability to manage multiple projects simultaneously with ease and efficiency under moderate supervision.
  • Knowledge of CVENT is strongly preferred.
  • Understanding of and commitment to opportunity finance is a plus.
  • Ability to work constructively with a diverse audience.
  • Light to moderate travel required (5-10% of time).
  • No extraordinary physical requirements beyond ability to travel.

Compensation:

Commensurate with experience.

How to Apply:

To apply visit our online application portal at: https://theapplicantmanager.com/jobs?pos=OF143

Senior Associate, Social Media Strategist and Blog Editor Opportunity Finance Network
Washington, DC
Job Function: Marketing/PR
Posted: November 15, 2018

Background:

OFN is a leading national network of CDFIs (community development financial institutions) with offices in Philadelphia and Washington D.C. In pursuit of a mission to align capital with social, economic, and political justice, OFN supports its member CDFIs with money, strength, and voice to drive transformational change in underserved communities nationwide.

Position Summary:

Creates and publishes online content to advance OFN and CDFI visibility and reputation. The successful candidate will have a keen interest in telling the story of the impact of community development financial institutions, noting news and milestones in the field, and tracking and reporting on legislative issues. Includes OFN blog, bi-weekly blog digest, social media, storytelling, web content, and other writing as needed. Proposes editorial calendar for the OFN blog and authors or secures content to help build digest subscribers and blog traffic. Implements OFN’s presence on social media platforms. Launches social media campaigns throughout the year to boost impressions and engagement. The Senior Associate will also develop OFN’s borrower story program, including story gathering, editing, curation/management of database, and publication to digital media. Provides results reporting and analysis on a quarterly basis. Other writing and communications as needed.

Responsibilities:

  • Produces blog/digest editorial calendar; authors content or secures content to publish on the OFN blog in collaboration with internal staff and external stakeholders; pursues annual target of subscribers to the bi-weekly blog digest.
  • Builds and maintains social media presence, including campaigns to increase engagement and impressions.
  • Maintains and enforces online content best practices that uphold OFN brand principles and writing styles.
  • Supports growth of OFN’s borrower story program, including recruiting and collection, editing, fact checking, and other coordination with CDFIs and partners.
  • Identifies trends and insights using marketing analytics software, contributes to goal setting, measures, and reports on performance of online platforms. Recommends adjustments to plans and content delivery based on results.
  • Writes, edits, and/or produces other online content as assigned.
  •  

Requirements:

  • Bachelor’s degree in Journalism, English, Communications, or 5-7 years of equivalent experience in lieu of a degree.
  • 5-7 years of experience producing online, multi-channel content in a professional setting to connect with stakeholders through compelling messages and stories.
  • Demonstrated knowledge of digital and social media trends.
  • Experience in social media analytics, including understanding the key measurements to track.
  • Knowledge of AP Stylebook or Chicago Manual of Style and demonstrated experience at writing within editorial and brand guidelines.
  • Exceptional copy writing and editorial skills, including the ability to clearly communicate technical concepts to nontechnical audiences.
  • Demonstrated experience with content management systems (such as Drupal); social media management software (such as Hootsuite); and email marketing software (such as Exact Target/Salesforce Marketing Cloud).
  • Understanding of HTML and CSS.
  • Sound judgment and the ability to juggle multiple tasks and priorities.
  • Ability to work in a rapidly changing, dynamic environment.
  • Motivated, self-starter, independent, and results oriented.
  • Attention to detail and commitment to excellence.
  • Minimal travel required (up to 5% of time).
  • Understanding of and significant commitment to community development required.
  • No extraordinary physical requirements beyond ability to travel.
  • Job involves normal physical requirements for an office position.

Compensation:

$60,000-$70,000 annually

How to Apply:

To apply visit our online application portal at:

https://theapplicantmanager.com/jobs?pos=OF142

Senior Associate, Public Policy Opportunity Finance Network
Washington, DC
Job Function: Other
Posted: November 15, 2018

Background:

OFN is a leading national network of CDFIs (community development financial institutions) with offices in Philadelphia and Washington D.C. In pursuit of a mission to align capital with social, economic, and political justice, OFN supports its member CDFIs with money, strength, and voice to drive transformational change in underserved communities nationwide.

Position Summary:

The Senior Associate, Public Policy is responsible for promoting OFN’s public policy priorities to key audiences. The Senior Associate, Public Policy is responsible for staying current on legislative and regulatory policies impacting the CDFI industry; effectively engages the OFN membership in advocacy activities; represents OFN with federal policy makers, national coalitions and other ally organizations. The position requires knowledge of the legislative and regulatory process, community and economic development, and strong writing and communication skills.

Responsibilities:

  • Communicates OFN’s public policy positions to Members of Congress, Congressional staff and Administration officials.
  • Participates in strategy development and implementation of OFN’s public policy advocacy agenda.
  • Develops and maintains close working relationships with a wide range of stakeholders, including but not limited to Congressional staff, national coalitions and ally organizations
  • Monitors relevant legislation and regulations impacting the CDFI industry.
  • Prepares policy documents, including position papers, and fact sheets.
  • Represents OFN at events and meetings related to OFN’s public policy agenda
  • Other duties as assigned by the Chief External Affairs Officer

Requirements:

  • Bachelor’s degree or 7+ years of direct professional experience in lieu of a degree.
  • 5+ years of direct professional experience such as work in a national organization with an active policy agenda.  
  • Experience working with federal, state and/or local legislative and regulatory processes required.
  • Knowledge of community development and economic development policy issues highly beneficial.
  • Demonstrated ability to communicate persuasively verbally and in writing.
  • Ability to manage multiple tasks independently in an effective and efficient manner.
  • Ability to define and set priorities.
  • Ability to be self-motivated and take initiative for new projects and departmental needs.
  • Ability to interpret, analyze, and draft legislative, policy and regulatory proposals.
  • Moderate travel required (10 - 15% of time).
  • Job involves normal physical requirements for an office position; no extraordinary physical requirements beyond ability to travel.

Compensation:

$68,000-$81,000 annually

How to Apply:

To apply visit our online application portal at: https://theapplicantmanager.com/jobs?pos=OF141

Chief Lending and Investment Officer Opportunity Finance Network
Washington, DC
Job Function: Investment
Posted: August 13, 2018

Background:

Opportunity Finance Network (OFN) is a leading national network of CDFIs (community development financial institutions) with offices in Philadelphia and Washington D.C. In pursuit of a mission to align capital with social, economic, and political justice, OFN supports its member CDFIs with money, strength, and voice to drive transformational change in underserved communities nationwide.

Headquartered in Washington, DC, OFN is governed by a 13-member board of directors with an annual operating budget of approximately $10M and a staff of 30.  The Financial Services team manages $600M in lending capital. 

Position Summary:

The Position

Reporting to the President & CEO, the Chief Lending & Investment Officer (CLIO) has the overall responsibility for the strategy, development, implementation, and risk management of OFN’s financial services. Priorities for the CLIO include: driving growth in CDFI Bond Guarantee Program, CDFI Financing Program and Asset Management business; developing new market opportunities which support OFN’s strategic goals; and growing OFN’s capital under management with new capitalization vehicles and new investors alongside of the President and CEO. A member of OFN’s 8-person Leadership Team, the CLIO is responsible for the overall management of the Financial Services team which includes two direct reports and a total current staff of 8.

Responsibilities:

Core Responsibilities:

  • Lead growth opportunities in the CDFI Bond Guarantee Program, CDFI Financing Programs, and Asset Management business with third party investors.
  • Research and develop market opportunities for new financing strategies, products, services, and systems to support OFN’s strategic goals, and directly lead or participate in their design and implementation.
  • With the President & CEO, grow OFN’s capital under management with new capitalization vehicles and with new investors.
  • Oversee senior management in the CDFI Bond Guarantee and CDFI Financing Programs, including new originations, portfolio management, credit policies, and documentation.
  • Develop and maintain a thorough understanding of the market forces that influence and impact the opportunity finance industry and OFN’s business and strategic goals, reporting to President & CEO with analysis and recommendation as appropriate.
  • Serve as a member of OFN’s Leadership Team and participate in strategic and business planning for OFN.
  • Manage, develop, and grow (as appropriate) the Financial Services team to execute on departmental and organizational goals and strategies efficiently and effectively.

Requirements:

Qualifications:

  • Bachelor’s Degree or 12+ years of work experience in the financial services field in lieu of a degree; MBA or Master’s Degree preferred.
  • Direct lending experience required.
  • 12+ years leading and managing a lending or investment team required.
  • 7+ years in a supervisory or managerial capacity required.
  • Experience in corporate or structured finance preferred with experience in credit risk analysis and management; formal credit training required.
  • Strong lending and investment underwriting knowledge, with an understanding of the unique characteristics of the community development finance required.
  • Experience in community development as well as lending to financial institutions preferred.
  • Ability to manage a division independently under strategic direction as well as the ability to champion new opportunities for growth, develop staff and possess a keen understanding of financial markets and products, with exceptional financial, market, and qualitative analysis skills.
  • Excellent writing, verbal, and presentation skills.
  • Demonstrated leadership and motivational ability, superior interpersonal skills, ability to manage and work in teams, and interacting constructively with diverse constituents.
  • Highly energetic, entrepreneurial thinking, creative problem solver exhibiting sound judgment and deep commitment and passion for OFN’s mission.
  • Moderate to heavy travel required (35% of time).

Compensation:

See below.

How to Apply:

Application Process

To apply, e-mail resume, cover letter and salary requirements to: OFN@raffa.com (e-mail applications are required).  For other inquiries contact Eve McGowan at emcgowan@raffa.com

Opportunity Finance Network is an equal opportunity employer and ADA compliant. 

Associate, Loan Administrator Opportunity Finance Network
Washington, DC
Job Function: Financial Services
Posted: April 19, 2018

Background:

OFN is a leading national network of CDFIs (community development financial institutions) with offices in Philadelphia and Washington D.C. In pursuit of a mission to align capital with social, economic, and political justice, OFN supports its member CDFIs with money, strength, and voice to drive transformational change in underserved communities nationwide.

Position Summary:

This position is primarily responsible for assisting the Vice President, Loan Operations in the administration of OFN’s Bond Guarantee Loans. Such assistance will include collateral management, compliance management, database management, loan servicing monitoring and recordkeeping. Responsibilities also include assistance with OFN’s existing loan portfolio.

Responsibilities:

  • Support the preparation and submission of the Bond Guarantee Program application via collection, organization and remittal of financial documents.
  • Review and coordinate documents associated with borrowers requisition of Bond funds for completeness and compliance with the Bond Guarantee Program requirements.
  • Provide payment oversight of Bond Loans, management of Bond Loan collateral. Ensure proper administration of all Secondary Loan documents by the borrower including the creation and perfection of required security interests and liens on Secondary Loans.
  • Perform first level review of the performance, replacement and removal of Bond Loan Collateral and ensure non-performing collateral is replaced in a timely fashion.
  • Ensure borrowers maintain the required amount of collateral per Bond Loan legal documents.
  • Monitor escrow agent activities and the custody of Secondary and Tertiary Loan documents held by the escrow agent.
  • Review, coordinate and test for compliance with covenants of the borrower.
  • Track and submit monthly, quarterly and annual reports to the CDFI Fund to support compliance with the terms and conditions of the Bond documents via database management systems.
  • Process documentation as needed to declare Events of Default under the Bond Guarantee Program and initiate remedies when necessary.
  • Assist with administration of OFN’s existing loan portfolio including collection and coordination of loan documentation, on-boarding and modifications to existing loans, ensure closing conditions are met, and initiate the funding for each loan closing.
  • Prepare timely submissions of internal and external departmental reports.
  • Prepare and review invoices for loans and asset management.
  • Preserve, maintain and update borrower files and legal documents as needed.
  • Assist other financial services team members on projects or deliverables, as requested by the VP, Loan Operations.

Requirements:

Education and Experience:

  • Bachelor’s Degree or 5+ years direct work experience required.
  • 1-3 years of experience in lending markets that have similar characteristics to the loans of OFN, and/or title or mortgage industry experienced required.
  • Experience in loan operations with a financial and /or nonprofit institutions preferred.
  • Experience in multi-party lending structures, with borrowers, lenders, banks and servicers and backup servicers preferred.
  • Experience preparing loan documents utilizing a Loan Servicing Software or standard templates as well as CRM system experience desirable.
  • Experience or knowledge of the CDFI Industry a plus.
  • Experience in nonprofit or small office environment a plus.

Knowledge, Skills, Abilities, and Physical Requirements:

  • Knowledge of accounting or lending practices required.
  • Superior analytical and organizational skills required.
  • Superior written and verbal communication skills required with emphasis on clarity, conciseness and relevance.
  • Ability to understand and modify financial statements is preferred.
  • Ability to understand loan documentation is required.
  • Ability to review the work of other partners/subcontractors is required.
  • Superior interpersonal skills and ability to work well with diverse constituents is required.
  • Knowledge of and commitment to community development preferred.
  • Proficiency with MS Office and database software is required.
  • Ability to work independently or in team environment as required.
  • Ability to manage multiple tasks effectively and efficiently under moderate supervision.
  • Some travel required (<10% of time).
  • No extraordinary physical requirements beyond ability to travel. 
  • Job involves normal physical requirements for an office position.  

Compensation:

Commensurate with experience

How to Apply:

To Apply visit our online application portal at: https://theapplicantmanager.com/jobs?pos=OF139

Community Development Assistant for Lending Local Initiatives Support Corporation - New York (LISC NYC)
New York, NY
Job Function: Lending/Loan Operations
Posted: December 7, 2018

Background:

Position Opening
Local Initiatives Support Corporation

POSITION TITLE: Community Development Assistant for Lending
REPORTS TO: LISC NYC Director of Lending
JOB CLASSIFICATION: Non-Exempt / Full Time
LOCATION: New York City
¬¬¬¬¬¬¬¬¬¬¬¬______________________________________________________________________________

THE ORGANIZATION:

What We Do
With residents and partners, LISC forges resilient and inclusive communities of opportunity across America – great places to live, work, visit, do business and raise families.
Strategies We Pursue

Equip talent in underinvested communities with the skills and credentials to compete successfully for quality income and wealth opportunities.

Invest in businesses, housing and other community infrastructure to catalyze economic, health, safety and educational mobility for individuals and communities.

Strengthen existing alliances while building new collaborations to increase our impact on the progress of people and places.

Develop leadership and the capacity of partners to advance our work together.

Drive local, regional, and national policy and system changes that foster broadly shared prosperity and well-being.

Over the last 39 years, LISC and its affiliates have invested approximately $20 billion in businesses, affordable housing, health, educational mobility, community and recreational facilities, public safety, employment and other projects that help to revitalize and stabilize underinvested communities. Headquartered in New York City, LISC’s reach spans the country from East coast to West coast in 32 markets with offices extending from Buffalo to San Francisco. Visit us at www.lisc.org.

Position Summary:

The New York City office of the Local Initiatives Support Corporation (LISC NYC) seeks a professional to fill the position of Community Development Assistant for Lending. This position reports to the LISC NYC Director of Lending and works closely with a team of Community Development Officers. The local New York City program, LISC NYC, works with nonprofit, community-based organizations to develop affordable housing, commercial enterprises and community facilities. Since its founding in 1979, LISC NYC has invested over $2.7 billion, leveraging an additional $6 billion in low-income communities. This has resulted in nearly 40,000 affordable homes built and preserved as well as 1.8 million square feet of retail and community space created. We also invest in health, economic development, financial well-being and environmental sustainability so that the communities our partners serve are good places to live, work, do business and raise children. For more information visit http://www.lisc.org/nyc/.

Responsibilities:

• Assist LISC NYC lending staff in underwriting all types of real estate transactions requiring LISC pre-development, acquisition construction, or permanent loans, tax-exempt bond financing, Low Income Housing Tax Credit (LIHTC) and New Markets Tax Credit (NMTC) financing. Conduct financial modeling and presentations to affordable housing development sponsors.
• Assist LISC NYC staff in presenting loan recommendations to LISC’s credit committee. Perform credit analysis, including analyzing borrower operating performance, project financial performance, borrower management capacity, and project feasibility of affordable housing, economic development and mixed-use real estate projects.
• Coordinate with client organizations and internal stakeholders at LISC National regarding all aspects of loan origination and asset management, including assembling and synthesizing due diligence information, preparing credit memos for approval, generating closing checklists and project managing loan closings, and working with LISC asset management to monitor loans post-closing.
• Support LISC local program staff to develop and maintain relationships with client community partners and local government, among others.
• Assist LISC NYC staff in providing technical assistance to LISC NYC’s partners, including nonprofit community development corporations and private entrepreneurs, seeking to develop affordable housing, community facilities, and other types of community development real estate. Assistance includes the preparation of applications and documentation necessary for debt and equity financing, government subsidies, and rental contract maintenance.
• Work in cross functional teams under deadlines with private and nonprofit real estate developers, attorneys, governmental agencies, lenders, equity investors and other entities to structure and close affordable housing transactions.
• Support the launch and implementation of LISC NYC’s New York Land Opportunity Program (NYLOP) 2.0, which provides technical support to owners of HUD 202 senior housing seeking to preserve and possibly develop new affordable senior housing.
• Provide logistical and programmatic support to LISC NYC special events such as meetings, convenings, conferences, training workshops and tours.
• Perform other special projects and related duties as assigned.

Requirements:

Qualifications
• Associates or Bachelor’s degree from an accredited college or university in real estate, finance, urban planning, public policy or related field preferred.
• One or two years of professional work experience in lending, finance, community development or related field preferred.
• Comfort with financial analysis and excellent writing skills, with demonstrated ability to synthesize complex quantitative and qualitative information from multiple sources.
• Demonstrated ability to manage multiple, complex transactions at various stages and coordinate with multiple internal and external parties to meet approval and closing deadlines.
• Commitment to the community development sector and the critical role of nonprofit organizations in driving social change, preserving affordable housing and fostering inclusive economic development.
• Conscientious and very detail oriented.
• Ability to simultaneously work on multiple tasks and set priorities for a challenging work load.
• Excellent technical skills, including competency in full Microsoft Office suite, particularly modeling in Excel.

Compensation:

LISC offers a competitive salary and excellent benefits.

LISC IS AN EQUAL OPPORTUNITY EMPLOYER
COMMITTED TO DIVERSITY AND INCLUSION

How to Apply:

Please send cover letter and resume via e-mail to:

Sam Marks
Executive Director
LISC NYC
501 Seventh Avenue, 7th Floor
New York, NY 10018
liscnycresumes@lisc.org

Community Development Officer for Economic Development Local Initiatives Support Corporation - New York (LISC NYC)
New York, NY
Job Function: Business Development
Posted: December 7, 2018

Background:

THE ORGANIZATION:

What We Do

With residents and partners, LISC forges resilient and inclusive communities of opportunity across America – great places to live, work, visit, do business and raise families.

Strategies We Pursue

Equip talent in underinvested communities with the skills and credentials to compete successfully for quality income and wealth opportunities.

Invest in businesses, housing and other community infrastructure to catalyze economic, health, safety and educational mobility for individuals and communities.

Strengthen existing alliances while building new collaborations to increase our impact on the progress of people and places.

Develop leadership and the capacity of partners to advance our work together.

Drive local, regional, and national policy and system changes that foster broadly shared prosperity and well-being.

Over the last 39 years, LISC and its affiliates have invested approximately $20 billion in businesses, affordable housing, health, educational mobility, community and recreational facilities, public safety, employment and other projects that help to revitalize and stabilize underinvested communities. Headquartered in New York City, LISC’s reach spans the country from East coast to West coast in 32 markets with offices extending from Buffalo to San Francisco. Visit us at www.lisc.org.

Position Summary:

Position Description
The New York City office of the Local Initiatives Support Corporation (LISC NYC) seeks a professional to fill the position of Community Development Officer for Economic Development. This position reports to the LISC NYC Director of Lending and works closely with the Director of Policy. The local New York City program, LISC NYC, works with nonprofit, community-based organizations to develop affordable housing, commercial enterprises and community facilities. Since its founding in 1979, LISC NYC has invested over $2.7 billion, leveraging an additional $6 billion in low-income communities. This has resulted in nearly 40,000 affordable homes built and preserved as well as 1.8 million square feet of retail and community space created. We also invest in health, economic development, financial well-being and environmental sustainability so that the communities our partners serve are good places to live, work, do business and raise children. For more information visit http://www.lisc.org/nyc/.

Responsibilities:

Responsibilities
The Community Development Officer for Economic Development will be responsible for building a pipeline of real estate projects that foster inclusive economic development. The Community Development Officer will provide technical assistance and financing to LISC NYC’s nonprofit partners and other mission-aligned partners to develop projects that will ensure their neighborhoods have critical jobs, services and community assets to complement housing. Examples include multi-tenant industrial buildings, “maker spaces,” commercial spaces, community centers and arts and culture venues. While primarily responsible for economic development, the Community Development Officer will work in collaboration with other LISC NYC staff who focus on affordable housing, and may collaborate on mixed-use projects as well as participate in cross-training / cross-learning opportunities. In addition to sourcing, underwriting, and closing lending transactions, the Community Development Officer will also support the Director of Policy and other senior staff in shaping LISC NYC’s inclusive economic development strategy, sharing lessons learned across the field, measuring outcomes, and carrying out a policy and advocacy agenda that seeks to ensure that public and private investments generate middle skills jobs that provide economic mobility for low- and moderate-income people.

Specifically, the Community Development Officer for Economic Development will be focused on the following:

Business Development, Lending & Technical Assistance

• Develop and manage relationships with local economic development partners including community-based organizations, mission-driven developers, impact investors, financial institutions and local/state, agencies in order to grow LISC NYC’s pipeline of real estate projects that foster inclusive economic development.

• Provide loans and technical assistance to LISC NYC partners undertaking economic development related real estate projects. This includes assistance with assessing project feasibility, underwriting, developing financing strategies, lending, advising on the selection and coordination of third party consultants, and accessing financing via public subsidies and conventional sources.

• Conduct financial modeling for all types of real estate transactions and identify potential sources of financing including pre-development loans, construction and permanent loans, tax-exempt bonds, IDA bonds and New Market Tax Credits.

• Connect partner organizations with expertise and resources from LISC National programs such as small business lending, creative placemaking, and economic development; LISC affiliates such as the New Markets Support Corporation; and external consultants.

• Work under deadlines with cross-functional teams of private and nonprofit real estate developers, attorneys, governmental agencies, lenders, equity investors and title companies to structure and close economic development transactions.

Thought Leadership & Policy Systems Change

• Support the Director of Policy and senior staff to refine LISC NYC’s strategic approach to economic development, identify opportunities and partners, and match financing tools to economic development project needs.

• Assist in tracking the impact of LISC NYC’s inclusive economic development projects.

• Work closely with public sector agencies to identify and make available new resources for economic development real estate projects and partner with the LISC NYC Director of Policy to develop policy & advocacy solutions for economic development real estate.

• Contribute to LISC NYC’s thought leadership on inclusive economic development as a means of generating middle skills jobs that provide economic mobility for low-and moderate-income people, including helping to plan and carry out a convening for industry partners to share best practices.

• Collaborate with other champions of inclusive economic development, including key funders, represent LISC NYC as an expert on economic development lending, and share best practices at conferences, trainings and events.

• Prepare reports and findings for investors, funders and other stakeholders as needed.

• Work with LISC NYC staff to develop and implement programs that apply LISC’s technical assistance and financing capabilities to solve critical challenges identified through LISC NYC’s strategic planning process.

Requirements:

Qualifications
• Bachelor’s degree from an accredited college or university required. Master’s degree in real estate, finance, urban planning, public administration or related field highly preferred.
• At least 5 years of experience in lending, finance, community development or related field, with demonstrated experience in real estate development, particularly underwriting, deal structuring and financial analysis.
• Familiarity with the New York City area market, along with familiarity with city, state and federal government financing programs available to support economic development projects.
• Knowledge of financing products such as predevelopment, acquisition, construction, bridge and permanent loans; lines of credit; and tax credit equity.
• Demonstrated ability to manage multiple, complex transactions at various stages and coordinate with multiple internal and external parties to meet approval and closing deadlines.
• Commitment to the community development sector and the critical role of nonprofit organizations in driving inclusive economic development and preserving the unique cultural heritage of neighborhoods.
• Ability to work collaboratively with co-workers and representatives from the nonprofit, corporate, philanthropic and public sectors, and demonstrated flexibility and poise in dealing with a diverse range of individuals and organizations.
• Entrepreneurial spirit and ability to work independently on multiple tasks and projects, set priorities fora challenging workload, and be a positive, solution-oriented professional.
• Excellent writing, financial analysis and verbal communication skills required.

Compensation:

Candidates with commensurate experience may be considered for the title Senior Community Development Officer for Economic Development.

LISC offers a competitive salary and excellent benefits.

How to Apply:

Please send cover letter and resume via e-mail to:

Sam Marks
Executive Director
LISC NYC
501 Seventh Avenue, 7th Floor
New York, NY 10018
liscnycresumes@lisc.org

LISC IS AN EQUAL OPPORTUNITY EMPLOYER
COMMITTED TO DIVERSITY AND INCLUSION

Acquisitions Associate The Community Development Trust (CDT)
New York, NY
Job Function: Finance
Posted: December 5, 2018

Background:

Established in 1999, The Community Development Trust (“CDT”) is a national Community Development Finance Institution (“CDFI”) and the first and largest private real estate investment trust created for the development and preservation of affordable housing. Over our 19-year history, CDT’s focus has been on providing debt and equity capital to support affordable rental housing communities. CDT has invested over $1.6 billion in multifamily communities in 44 states and regions.

Position Summary:

The Acquisitions Associate will assist in managing the evaluation, acquisition, and, in some cases, rehabilitation of existing affordable housing properties throughout the United States. CDT forms joint ventures with experienced affordable housing operators to acquire and preserve existing income- and rent-restricted (LIHTC, Section 8, etc.) properties.

The primary responsibility for the Acquisitions Associate will be to quickly analyze and underwrite potential investment opportunities and provide CDT’s Community Investments staff with feedback on the potential risks and benefits of each opportunity. For approved investments, the Acquisitions Associate will coordinate with various departments at CDT to ensure a successful closing.

Responsibilities:

DUTIES AND RESPONSIBILITIES:

1. Collaborate with CDT’s senior staff and joint venture operating partners to conduct an initial feasibility analysis for potential acquisitions. Quickly and independently identify whether the property, partner, and business plan for the acquisition are consistent with CDT’s investment criteria.
2. Identify and obtain critical due diligence information for underwriting purposes.
3. Review and analyze financial statements, rent rolls, loan documents, regulatory agreements, and other due diligence information to underwrite the potential investment.
4. Adjust and customize CDT’s Microsoft Excel-based equity investment model according to the unique terms of and business plan for each transaction.
5. Identify the most significant risks and opportunities for each transaction and effectively communicate these to senior staff.
6. Coordinate third party reports and site inspections.
7. Compose Investment Proposals for submission to the Program & Investment Committee.
8. Manage the closing process and any required lender underwriting of CDT.
9. In some cases, monitor construction progress and process construction requisitions with CDT’s joint venture partners.

Requirements:

Bachelor’s Degree plus 1 – 3 years relevant experience.

Compensation:

Salary commensurate with experience plus bonus potential.

How to Apply:

Please send cover letter and resume to: jobpostings@cdt.biz

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