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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.org. Submissions will be reviewed to ensure relevancy to the industry, and posted within 2 business days.

Loan Operations Associate California FarmLink
Aptos, CA
Job Function: Lending/Loan Operations
Posted: December 13, 2018

Background:

Established in 1999, California FarmLink has developed a statewide program of economic development support for beginning and limited-resource farmers. With staff located in three regions of the state, FarmLink's mission is to link independent farmers and ranchers with the land and financing they need for a sustainable future. As a non-profit, Community Development Financial Institution (CDFI), FarmLink provides farmers with business technical assistance, educational seminars, and a variety of resources that support sustainable farm business development through financing, linking to land, and secure land tenure. With FarmLink support, farmers are improving and expanding their operations, and creating businesses and jobs in their communities. Throughout its history, FarmLink has helped more than 1600 farmers start and grow farm businesses with our technical assistance and support services.

Position Summary:

Join California FarmLink’s lending team to support California farmers and vibrant local food systems. This new position will play a key role in the expansion of FarmLink’s agricultural lending as a Community Development Financial Institution (CDFI), nationally unique in its focus on supporting the land and capital needs of next generation farmers. The Loan Operations Associate will support the loan documentation and servicing function within FarmLink’s lending department, and is supervised by the Loan Operations Manager.

Responsibilities:

Loan Services

 Prepare commercial loan documents
 Perform legal diligence, including:
o Conduct UCC and other lien searches and filings
o Obtain business and personal credit reports
o Research and review real estate taxes, environmental reports and insurance requirements
o Order and review title reports and insurance for real estate loans
 Coordinate with borrowers and FarmLink staff to ensure timely loan closing and funding
 Conduct loan boarding on Down Home Loan Manager loan servicing system
 Ensure all applicant/borrower files are complete and in compliance with regulatory and internal policies
 Post cash receipts, generate invoices, track payments, and keep records up to date in Down Home Loan Manager
 Establish, maintain, and update files, databases, records and documents for loans and investments
 Monitor loan covenant compliance
 Support the Loan Operations Manager, including producing loan portfolio reports as needed and requested by management

Lending

 Serve as initial point of contact for farmers interested in FarmLink’s Loan Program via phone and email
 Effectively represent loan products to farmers inquiring about a loan
 Screen loan applicants utilizing on-line loan inquiry form and phone conversations to determine initial loan eligibility, and refer to appropriate technical assistance or lending staff

Requirements:

 A minimum of one year of experience handling business financial information with the appropriate discretion, ideally in a banking, lending or accounting setting
 Bilingual, with the ability to communicate the written and spoken word in both English and Spanish
 Exceptional organizational skills and attention to detail, well-disciplined, able to manage multiple and competing deadlines, and a self-starter
 Ability to provide excellent customer service to both clients and FarmLink team members in person, on the phone and via email
 Ability to handle multiple tasks and frequent interruptions
 Ability to handle stressful situations with calmness and courtesy, while meeting deadlines
 Knowledge and experience using MS Word, Excel; as well as basic accounting procedures
 Associates degree required; an undergraduate degree in business administration, finance, community development or other related field is preferred. FarmLink will also consider the equivalent combination of education and work experience.

 Highly desirable:
o Native Spanish speaker
o Experience with loan documentation and loan servicing systems, including LaserPro
o Familiarity with agriculture, agricultural/small business lending, USDA/SBA programs, and/or CDFIs

Compensation:

$35-50k commensurate with experience

How to Apply:

Please email a thoughtful cover letter explaining your interest in the position and organization with resume to:
info@cafarmlink.org. No phone calls please. Posted December 2018; applications accepted on a rolling basis; open until filled.

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

Controller National Housing Trust
Washington, DC
Job Function: Accounting
Posted: December 3, 2018

Background:

The National Housing Trust is a strong national nonprofit engaged in affordable housing advocacy, community lending, real estate development, and energy solutions. Our mission is to preserve and improve affordable multifamily homes to support quality, healthy neighborhoods with a range of housing options so that families of all income levels have an opportunity to thrive. NHT is an award-winning nonprofit with a focused agenda. The ideal applicant thrives in a fast-paced environment, working with dedicated and entrepreneurial colleagues.

Position Summary:

The Controller reports to the CFO and leads the day-to-day operations of the finance and accounting department. He/she is responsible for oversight of all finance, accounting and reporting activities, along with establishing, monitoring and enforcing accounting policies and procedures. He/she is responsible for preparation and distribution of all NHT entity internal financial statements to management, maintenance of the organization’s general ledger, review of reconciliations, managing the year-end audit process and ensuring that all transactions and documentation complies with US GAAP.

Responsibilities:

- Manage daily activities for the finance and accounting department, ensuring staff have prioritized duties and are completing required assignments.
- Oversee all financial, project/program and grants accounting; ensure that expenditures are consistently aligned with grant and program budgets throughout the grant/fund period; collate financial reporting materials for government, corporate, and foundation grants.
- Manage the monthly closing process for all NHT entities, including reconciliations and analysis of related accounts; while maintaining the chart of accounts.
- Ensure intercompany allocations are appropriate and correct and that intercompany billings are generated and paid monthly.
- Prepare monthly investment schedules and related journal entries.
- Develop and maintain the integrity of the financial reporting process and financial controls.
- Maintain, update, and if necessary, develop standard operating policies and procedures, in conjunction with CFO, ensuring they are documented.
- Research and resolve accounting issues including evaluation and implementation of new accounting pronouncements to ensure US GAAP compliance.
- Assist NHT’s CFO and senior leadership in the annual budgeting and planning process; administer and review all financial plans and compare to actual results with a view to identify, explain, and correct variances as appropriate.
- Coordinate audits with the external auditors.
- Manage organizational cash flow forecasting by working in partnership with colleagues and department managers; collaborate with department managers to assess the financial efficacy of program operations and establish finance and administrative systems to support program operations.
- Consistently analyze financial data and present financial reports in an accurate and timely manner; clearly communicate monthly, quarterly, and annual financial statements; monitor progress and changes and keep senior leadership abreast of NHT’s financial status.
- Partner with the CFO to lead and support key finance strategic initiatives, such as developing management P&Ls, actual and expected profitability models and metrics, performance dashboards, and forecasts.

Requirements:

This is an extraordinary opportunity for a mature leader with five to ten years of accounting and finance experience, She/he will ideally have experience in a complex nonprofit that has multiple programs. Specific requirements include:
- Minimum of a BA and CPA with public accounting experience.
- Experience with GAAP and not-for-profit accounting principles, practices and regulations; real estate, consolidation, and loan accounting strongly preferred.
- Advanced knowledge of accounting and reporting software; experience with Sage Intacct preferred.
- Commitment to recruiting, mentoring, training, and retaining a diverse team; with the foresight and ability to delegate accordingly.
- Keen analytic, organization and problem-solving skills which allows for strategic data interpretation versus simple reporting.
- Ability and desire to translate complex financial concepts to individuals at all levels including finance and non-finance managers.
- Leverage strengths of the current finance team members, helping to clarify roles and responsibilities, while transferring knowledge.
- Provide leadership in strengthening internal communications with staff at all levels throughout the organization; create and promote a positive and supportive work environment.
- Personal qualities of integrity, credibility, and unwavering commitment to NHT’s mission; a proactive, hands-on strategic thinker who will own, in partnership with the CFO, the responsibility for finance.

Compensation:

Base Salary—commensurate with experience.

How to Apply:

If you are interested in this position, please email your resume and a brief cover letter explaining why you are a great fit to hr@nhtinc.org. Please keep cover letters short and specific to job description. Please write "Controller" in the subject line of the email. No phone calls.

Real Estate Director Codman Square NDC
Boston, MA
Job Function: Project Management
Posted: November 30, 2018

Background:

Codman Square Neighborhood Development Corporation (CSNDC) seeks a highly motivated and experienced manager to lead our Real Estate Development Department. CSNDC is a multi-racial, community–based non-profit organization formed in 1981. Our mission is to build a stronger community in Codman Square and the South Dorchester area of Boston.

Central to our mission is the support of low and moderate income residents of our community. We carry out our mission by building a cohesive and resilient community and developing affordable housing and commercial spaces that are safe and sustainable, and promote economic stability for low and moderate income residents of all ages. We lead community planning efforts, resulting in new programs and activities, such as our Eco-Innovation District and our Anti-Displacement strategy.

CSNDC has a twenty-five person staff, and an operating budget of $2.7 million. The NDC is an affiliate of the United Way of Massachusetts Bay and NeighborWorks America.

Position Summary:

Codman Square NDC has developed over 1,300 units of affordable rental and homeownership housing, plus 50,000 square feet of office and retail space, in 25 developments.

We have more than 200 additional housing units and 10,000 square feet of commercial space in various stages of planning or development, including:
• Talbot Commons Phase 1--a 40 unit rental housing development
• Talbot Commons Phase 2--a 43 unit rental housing development with ground floor commercial space
• New England Heritage Homes--a 16 unit homeownership project
• Four Corners Plaza—a 30 unit mixed use rental housing and commercial space project, and
• Orlando Waldeck (Walando Homes)—a 59 unit rental housing development.

Our real estate department also actively monitors our portfolio of properties, and manages the restructuring of those properties as needed.

The Director of Real Estate Development
The Director of Real Estate Development has overall responsibility for supporting Real Estate Development and Asset Management at CSNDC, including supervising 3 project managers, an asset manager, plus occasional interns and fellows.

Responsibilities:

Responsibilities include:
• Develop and maintain a realistic and achievable real estate project pipeline
• Oversee planning, site selection, construction, design, loan closings and implementation of all real estate development projects
• Develop project proposals, determine feasibility, and seek project financing in conjunction with staff
• Select and manage project teams
• Collaborate on efforts to engage community residents in housing development, housing stabilization and commercial real estate development
• Support the Asset Manager in monitoring all of our properties in order to ensure their financial, physical and social health, and managing property renovation and restructuring in a timely manner
• Facilitate collaboration among departmental staff and between the department and other programs areas, as appropriate
• Dovetail Real Estate Development activities with the agency’s Anti-Displacement/Keeping Codman Square Affordable strategy and other initiatives
• Work in close consultation with the Executive Director and senior management on organizational leadership development and public relations
• Participate in coalitions with a variety of community-based, statewide and/or national organizations, as appropriate
• Work with the Executive Director to develop policy recommendations and implement board decisions related to real estate development and asset management, and
• Other related duties and responsibilities as assigned.

Requirements:

Desired Skills and Qualifications
We seek an entrepreneurial self-starter who embraces our vision and mission, and has many of the following skills and experiences:
• Five to seven years of progressively responsible experience in real estate development
• Strong management and priority setting skills, including at least 5 years of experience supervising entry, mid- and senior-level staff, and managing project teams
• Experience developing large (50 unit+) and complex real estate development projects from start to finish
• Demonstrated success applying for public and private affordable housing and community development resources, including Low Income Housing Tax Credits
• Deep understanding of real estate project development, financing, construction, planning, program development and neighborhood relations
• Familiarity with permitting and zoning in Massachusetts and City of Boston
• Skill and comfort working with colleagues and community residents of various socioeconomic and cultural backgrounds
• Excellent verbal and written communication and interpersonal skills
• Computer literacy, including fluency in word processing and spreadsheet programs
• Knowledge of and experience in community-based organizations and non-profit management
• Bilingual/bicultural in Spanish or another language predominant in CSNDC’s service area a plus, and
• BA, with a Master’s in Planning, Real Estate, Business, or a related field preferred.

Compensation:

CSNDC offers a competitive salary and benefits package.

How to Apply:

Please submit a cover letter, detailing your interest and qualifications for this position, along with a resume to: Ann L Silverman Consulting, Consultants to CSNDC, jobs@csndc.com. All applications will be acknowledged when they are received. CSNDC seeks to fill this position by early 2019. For more information, see www.csndc.com.

Codman Square Neighborhood Development Corporation is an Equal Opportunity and Affirmative Action Employer. We encourage applications from candidates from diverse backgrounds and cultures.

Real Estate Director Just A Start
Cambridge, MA
Job Function: Project Management
Posted: November 30, 2018

Background:

Just-A-Start Corporation (JAS) seeks a Real Estate Director to join our senior team, and lead our active Real Estate Department.

Our Organization and Our Activities
Just-A-Start is a fifty-year-old nonprofit community development corporation (CDC) based in Cambridge (MA). Just-A-Start is dedicated to building the housing security and economic opportunity of low-to-moderate-income people in Cambridge and in nearby communities. JAS’s vision is a better future for each and every community member through a safe, secure home, a sustaining career, and engagement in the community.

Through its Real Estate Department, JAS works to develop and preserve affordable housing, and to expand housing opportunities. Through Housing Services, JAS helps families stabilize their housing and assure safe, long-term housing security. Through Education and Training, JAS assists young people and adults as they develop knowledge and skills to take advantage of opportunities for a better future and attain economic stability.

Cambridge has been the focus to date of JAS efforts in the development and preservation of affordable housing, as well as home improvement, while our education, training, mediation and homeless prevention programs are available to residents of neighboring communities, including Chelsea, Everett, and Somerville.

Just-A-Start is a financially stable nonprofit with a 2018 agency budget of $5.5 million and a staff of 45 people.

Real Estate Development at Just-A-Start
JAS currently owns 598 rental units, housing 1,500 individuals, and has plans to build over 150 new affordable and workforce housing units in the coming years. JAS has been actively consolidating and improving several of its properties, including: rebuilding 16 units lost through a fire; restructuring and renovating the Close Building; and working to combine two properties and creating 26 new units at Squirrel Wood. In the pipeline are plans to develop over 100 units on two separate properties currently owned by JAS.

JAS works closely with the City of Cambridge to expand the supply of affordable housing in our strong market area. We have also begun to explore development opportunities outside of Cambridge.

We develop, preserve, rehabilitate, and sell deed restricted housing for income-eligible first time homebuyers in partnership with the City of Cambridge. JAS has developed 130 homeownership units and coordinates the resale of about 12 units every year. There are more than 500 homeownership units in Cambridge currently subject to Affordable Housing restrictions.

The real estate team currently consists of five full time and two part time people, with skills in real estate development, construction, design, asset management, and law, plus knowledge of and commitment to Cambridge. The department has a current operating budget of $1.2 million.

Position Summary:

The Real Estate Director will lead and manage Just-A-Start’s real estate team. The Real Estate Director will provide strategic direction for our development, preservation, and effective operation of affordable rental and homeownership housing in Cambridge and beyond. They will work closely with JAS senior team members, City leaders and staff, our Real Estate Committee, and other key partners.

Responsibilities:

Specific duties will include:

Affordable Housing Development
• Maintain a pipeline of real estate projects, including performing or overseeing site search, site assessment, and initial feasibility analysis
• Coordinate JAS activities with Cambridge Community Development Department
• Oversee and ensure the success of all JAS real estate development activities
• Perform direct project management as needed
• Oversee purchase and renovation of city controlled, deed restricted units by JAS

Asset Management
• Oversee the development and maintenance of an asset management plan
• Organize and oversee the property and asset management functions at JAS
• Understand and respond to relevant laws and regulations

Management and Administration
• Coach and supervise Real Estate Development staff
• Prepare the department’s budget together with the Director of Finance and the Real Estate Financial Consultant
• Assure the preparation of monthly operating requisitions
• Hire and direct volunteers, interns and staff as needed
• Ensure that all program and project reports are completed in a timely manner

Senior Management
• Represent JAS at inter-agency and public sector levels
• Be part of the JAS Executive Team and attend meetings of the Board of Directors.

Requirements:

Our ideal candidate will enthusiastically embrace our mission, and welcome the opportunity to lead a dedicated team within an agency that has grown, and is well positioned for continued growth. They will appreciate our strong market area and be a voice for affordable housing in our community. The Real Estate Director will enjoy building and maintaining supportive relationships with local government and other key partners.

Our ideal candidate will possess many of the following skills and qualifications:
• B.A. in real estate development, community development, or a related field
• At least five years of experience working as a project or program manager in affordable housing, including demonstrated experience completing a number of projects from start to finish
• At least three years of staff supervision
• Excellent team building, leadership and management skills
• Demonstrated ability to develop and maintain positive working relationships with a diverse set of colleagues, funders, investors, community stakeholders, government officials and partners
• In depth understanding of local and staff affordable housing regulations and financing tools, including Low Income Housing Tax Credits, and experience completing the Massachusetts One Stop
• Comfort developing and managing project and departmental budgets and schedules
• Commitment to quality real estate that meets community needs
• Strong communication skills including capacity to listen well and present clearly both orally and in writing
• Strategic thinking and problem-solving skills, and
• Proficiency in MS Office Suite.

Compensation:

Just-A-Start offers a competitive salary and benefits package. Applications will be reviewed and acknowledged as they are received. We aim to fill this position by early 2019.

How to Apply:

Please submit one PDF document containing a cover letter, detailing your interest and qualifications for this position, and an up-to-date resume to: jobs@annlsilverman.com. Address your application to: Just-A-Start Real Estate Director Search, c/o Ann L Silverman Consulting, Consultants to Just-A-Start.

Please see www.justastart.org for more information about Just-A-Start and its programs.

Just-A-Start seeks a diverse pool of candidates. We are committed to a policy of equal employment opportunity without regard to race, color, national origin, religion, disability, gender, gender identity, sexual orientation, or age.

Market Maket IFF
Chicago, IL
Job Function: Finance
Posted: November 29, 2018

Background:

The Organization

IFF improves the world by strengthening nonprofits and the communities they serve. As a mission-driven lender, real estate consultant, and developer, IFF helps communities thrive by creating opportunities for low-income communities and persons with disabilities. Key to our success has been a deep sense of purpose, a broad perspective, and a relentless focus on achieving positive results. Across the Midwest, we help clients from every sector, including human service agencies, health centers, schools, affordable housing developers, and grocery stores. Staff contributes its extensive business experience with an unrivaled connection to the mission of IFF and the nonprofit clients it serves.

IFF is looking for candidates with a commitment to the work it does and can demonstrate their creativity, detail-orientation, diligence, efficiency, enthusiasm, flexibility, organization, thoughtfulness, and sense of humor.

Our staff of about 100 professionals works from our Chicago headquarters, and we also serve the Midwest from six regional offices: Indianapolis, IN; Detroit, MI; Kansas City, MO; St. Louis, MO; Columbus, OH; and Milwaukee, WI.

Position Summary:

Basic Job Function

The Market Maker will be responsible for accelerating the flow of capital between new and existing investors and nonprofits in IFF’s full service markets. The position will be located in Chicago, but will include additional geographic coverage of IFF’s Full Service Markets, which as of now includes Chicago, IL, Detroit, MI and St. Louis and Kansas City, MO. The Market Maker will sit between the supply and demand of capital to make markets more efficient by connecting stakeholders in the marketplace to the pipeline of projects cultivated by IFF.

The individual will cultivate a network of investors across the capital continuum, understand their requirements, structure funds as necessary to optimally utilize that capital, and leverage IFF’s knowledge and skillsets to make projects happen. The Market Maker will also early on develop a plan to develop the capacity to syndicate loans as a new, fee-based service offering. The Market Maker will report to the President Core Business Solutions and will work closely with the Senior Vice President Capital Solutions, the Chief Financial Officer, the President of the Social Impact Accelerator, the Executive Directors based in Detroit, Chicago, and St. Louis, and the Vice President of Strategic Partnerships & Resource Development. This is a new position for IFF and requires flexibility and adaptability as we learn more about how to best evolve this role.

Responsibilities:

Job Duties and Responsibilities:

1. Work with IFF colleagues to develop a pipeline of supply and demand of capital to advance complex nonprofit projects.

-Supply. Working in coordination with the VP Strategic Partnerships, Executive Directors and the President Social Impact Accelerator, develop relationships with key foundations and impact
investors to both ascertain their investing preferences (by geography, sector, and financing vehicle) and raise impact investments for IFF.

-Demand. Working with the SVP Capital Solutions, SVP Real Estate Solutions, Executive Directors and President Social Impact Accelerator, curate a pipeline of projects that require financing
aligned with the above supply of impact investing possibilities.

2. Lead IFF’s effort to create an off-balance sheet Community Facilities Fund (CFF), working closely with the President Social Impact Accelerator and CFO. Engage third party legal counsel and audit expertise to most effectively create a CFF which would raise direct equity and debt investments from IFF stakeholders. Work with Marketing Manager to create collateral material and with Communications to broadcast opportunities for impact investing into the CFF.
3. Develop a strategy and tactical plan to create a fee-based loan syndication offering for IFF. The plan would need to include specific guidance to IFF’s lenders about how to identify opportunities to offer this service, and how IFF would build the internal capacity to standardize an underwriting and structuring approach to these financing transactions.
4. Serve as the IFF “expert” on Opportunity Zones and work with the CFO, President Social Impact Accelerator and SVP Capital Solutions to best determine and refine IFF’s strategy for deploying these funds into IFF development projects and/or the establishment of an IFF Opportunity Zone Fund.
5. Other duties as assigned.

Performance Measures:

1. Creation of a Community Facilities Fund that meets IFF’s objectives (year1). On an on-going basis, the growth of the CFF to support transformative nonprofit facilities projects leveraging multiple strands of impact investor equity and debt.

2. The development of an approved strategic and operational plan to introduce loan syndication services.

3. Leadership in building IFF’s role as Market Maker, including diversification of IFF’s investor base and raising agreed upon levels of impact investments.

4. Cultivates a culture of openness in information sharing. Encourages open communication, cooperation, and the sharing of knowledge.

5. Models personal accountability that promotes ownership and engagement.

6. Builds and maintains effective working relationships with colleagues, peers and team members.

7. Values and supports differences in others, contributing to an inclusive work environment. Demonstrates the ability and willingness to communicate effectively with people of diverse backgrounds and experiences to create a collaborative, collegial, and caring community.

8. High level of satisfaction with both internal colleagues and external contacts.

Requirements:

Position Qualifications:

Education: Master’s Degree in business, management, community development, or a related field.

Experience:Ten years of experience with increasingly responsible management and financial roles and a comprehensive working knowledge in community development finance, human services, real estate development or a related field.

1. Experience with federal and other government funding programs required.

2. Experience with investors and investment products required.

3. Experience with financial packaging and structuring preferred (e.g., New Markets Tax Credits).

4. Demonstrated leadership and management skills and a track record of career growth and success.

5. Excellent written and oral communication skills and excellent interpersonal skills.

6. Ability to recognize and communicate strategic opportunities.

Unusual Requirements: Regular travel throughout the assigned region and periodic travel nationally. Occasional evening and weekend work.

Compensation:

Compensation package will be addressed at time of phone screening

How to Apply:

Application Instructions: Please submit a cover letter, resume and salary requirements to careers@iff.org with "Market Maker” in the subject line of the email.

Loan Officer Business Center for New Americans
New York City, NY
Job Function: Lending/Loan Operations
Posted: November 29, 2018

Background:

The Business Center for New Americans (BCNA) is an award winning Small Business Administration (SBA) Approved Microloan Intermediary Lender and is certified as a Community Development Financial Institution (CDFI) by the CDFI Fund at the US Department of Treasury. To date, we have made over $22 million in micro and small business loan which range from $500 to $250,000.
BCNA is a 401(c)(3) non-profit with the mission of creating a a pathway to self-sufficiency for immigrant and refugee entrepreneurs in New York City by providing access to affordable credit, empowering them with financial education, and offering training in best business practices. More information is available at www.nybcna.org.

We are currently looking to expand our lending services and have an excellent opportunity for a Loan Officer to be based in our main office in downtown Manhattan, with some work at our Jackson Heights office.

Position Summary:

Job Description Summary

Reporting to the Director of Lending, the Loan Officer will share in the management of BCNA loan accounts, including underwriting; pre and post loan technical assistance to individual clients; collections, file management and reporting; outreach and marketing. The goal of BCNA’s microloan program is to help under-served small business entrepreneurs by providing access to micro-loans in order to help participants increase assets, income, and independence through their successful ownership of businesses.

Responsibilities:

Responsibilities

• Underwrite small business loans up to $50,000.
• Prepare comprehensive credit memoranda for Loan Committee review, based on loan application data and other pertinent information collected from the loan applicant(s) and various sources.

• Prepare spreadsheet and analyze loan client financial statements and tax returns using internal computer systems and files.

• Ensure that all credit memoranda are accurate and complete with proper loan structuring, identify risk analysis and risk mitigation strategies, and adhere to BCNA’s Loan Policy and Procedures.

• Maintains clients’ records as defined in BCNA’s Loan Policy and Procedures.

• Attend Loan Committee meetings and, as needed, participate in credit discussions with Loan Committee members.

• Participate in marketing and outreach.

Requirements:

Requirements

• Minimum 2-3 years experience in credit analysis of small business loans in a non-profit or for-profit environment. CDFI experience a plus.

• Bachelor’s degree, preferably in business, finance or economics.

• Strong English verbal and written communications skills.. Proficiency in Spanish is strongly preferred.

• Working knowledge of credit principles, policies, practices and financial / cash flow analysis. Excellent mathematical, analytical and computer skills, including strong proficiency with Excel and databases.

• Desire to work in a multicultural environment; commitment to working with refugees and immigrants. Ability to work with clients in a respectful and understanding manner, to maintain confidentiality and to coordinate and prioritize to meet specified deadlines.

• Knowledge of NYC with willingness and ability to travel to engage in marketing and outreach activities. Normal office hour are 9:00 a.m. to 5:00 p.m Availability to work occasional evenings and weekend days to attend meetings, seminars and community events and to travel for multi-day conferences.

Compensation:

Salary range
$55.000-65,000 depending on experience and qualifications.

Benefits
Competitive benefits package including 3 weeks’ vacation with increase to 4 weeks after one year; 12 paid holidays, 8 sick days, 2 personal days; medical and dental insurance; 403(b) Plan. Opportunities for professional development.

How to Apply:

Please include a cover letter with your resume. Respond to hr@nybcna.org.

Loan Officer Business Center for New Americans
New York City, NY
Job Function: Lending/Loan Operations
Posted: November 29, 2018

Background:

The Business Center for New Americans (BCNA) is an award winning Small Business Administration (SBA) Approved Microloan Intermediary Lender and is certified as a Community Development Financial Institution (CDFI) by the CDFI Fund at the US Department of Treasury. To date, we have made over $22 million in micro and small business loan which range from $500 to $250,000.
BCNA is a 401(c)(3) non-profit with the mission of creating a a pathway to self-sufficiency for immigrant and refugee entrepreneurs in New York City by providing access to affordable credit, empowering them with financial education, and offering training in best business practices. More information is available at www.nybcna.org.

We are currently looking to expand our lending services and have an excellent opportunity for a Loan Officer to be based in our main office in downtown Manhattan, with some work at our Jackson Heights office.

Position Summary:

Job Description Summary

Reporting to the Director of Lending, the Loan Officer will share in the management of BCNA loan accounts, including underwriting; pre and post loan technical assistance to individual clients; collections, file management and reporting; outreach and marketing. The goal of BCNA’s microloan program is to help under-served small business entrepreneurs by providing access to micro-loans in order to help participants increase assets, income, and independence through their successful ownership of businesses.

Responsibilities:

Responsibilities

• Underwrite small business loans up to $50,000.
• Prepare comprehensive credit memoranda for Loan Committee review, based on loan application data and other pertinent information collected from the loan applicant(s) and various sources.

• Prepare spreadsheet and analyze loan client financial statements and tax returns using internal computer systems and files.

• Ensure that all credit memoranda are accurate and complete with proper loan structuring, identify risk analysis and risk mitigation strategies, and adhere to BCNA’s Loan Policy and Procedures.

• Maintains clients’ records as defined in BCNA’s Loan Policy and Procedures.

• Attend Loan Committee meetings and, as needed, participate in credit discussions with Loan Committee members.

• Participate in marketing and outreach.

Requirements:

Requirements

• Minimum 2-3 years experience in credit analysis of small business loans in a non-profit or for-profit environment. CDFI experience a plus.

• Bachelor’s degree, preferably in business, finance or economics.

• Strong English verbal and written communications skills.. Proficiency in Spanish is strongly preferred.

• Working knowledge of credit principles, policies, practices and financial / cash flow analysis. Excellent mathematical, analytical and computer skills, including strong proficiency with Excel and databases.

• Desire to work in a multicultural environment; commitment to working with refugees and immigrants. Ability to work with clients in a respectful and understanding manner, to maintain confidentiality and to coordinate and prioritize to meet specified deadlines.

• Knowledge of NYC with willingness and ability to travel to engage in marketing and outreach activities. Normal office hour are 9:00 a.m. to 5:00 p.m Availability to work occasional evenings and weekend days to attend meetings, seminars and community events and to travel for multi-day conferences.

Compensation:

Salary range
$55.000-65,000 depending on experience and qualifications.

Benefits
Competitive benefits package including 3 weeks’ vacation with increase to 4 weeks after one year; 12 paid holidays, 8 sick days, 2 personal days; medical and dental insurance; 403(b) Plan. Opportunities for professional development.

How to Apply:

Please include a cover letter with your resume. Respond to hr@nybcna.org.

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