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  • 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 2 business days.

Senior Loan Officer Enterprise Community Loan Fund (ECLF)
Columbia, MD
Job Function: Financial Services
Posted: October 3, 2019

Background:

Enterprise Community Loan Fund (ECLF) is a certified community development financial institution and a member of the Enterprise family of companies. Since its founding in 1982, Enterprise, our controlling entity, has raised and deployed more than $43.6B in equity, grants and loans to support low income people and low-income communities including building or preserving nearly 585,000 affordable rental homes. For more information about Enterprise, please visit our website at www.enterprisecommunity.org.The Enterprise Community Loan Fund has an immediate opening for a Senior Loan Officer position. The position would have lending and portfolio responsibilities throughout Enterprise’s national footprint.

The opportunity can be based in any of the following locations New York, New York; Seattle, WA; Los Angeles or San Francisco, CA or Denver, CO. When applying, please indicate which location you are interested working at?

Position Summary:

Reporting to the Chief Lending Officer, the Senior Loan Officer is responsible for underwriting loan requests in support of community development projects with particular emphasis on affordable housing and community facilities, including both interim/bridge, New Market Tax Credits leverage loans and permanent term loans. The position will support ECLF’s lending activities across its national footprint. The responsibilities also include managing a defined portfolio of loans from origination through repayment. The Senior Loan Officer is also expected to be the staff lead for ECLF’s local lending initiatives working collaboratively with local staff of Enterprise Community Partners.

The Senior Loan Officer is expected to develop and maintain relationships with community development organizations and other relevant groups for the regions in which he/she works, as well as field representatives of Enterprise. The position requires an experienced professional with strong analytical, financial and relationship management skills.

Responsibilities:

Specific responsibilities include:

• Contribute to production goals by identifying lending opportunities, and originating new loans upon referral through the Enterprise system and external partners.
• Structure and negotiate financing proposals/commitments and prepare comprehensive written loan packages for review and approval by management or Loan Committee for both direct financing
by ECLF and financing through various off-balance sheet funds.
• Review and interpret third party due diligence reports, including appraisals, market assessments, entitlement/zoning classifications, and environmental reports to determine transaction viability and
appropriate loan structure.
• Coordinate the preparation of commitment letters and loan documents with attorneys.
• Manage the closing process, including internal and external closing counsel, and the collection, review, approval and execution of all closing items.
• Manage an existing portfolio of loans, including annual site visits, timely review of financial statements, review and approval of disbursement/funding requests, monitoring for covenant compliance
and processing modification and extension requests.
• Maintain loan files in audit‐ready condition to ensure accuracy and completeness.
• Work cooperatively with local and regional staff from Enterprise Community Partners, Enterprise Community Investment and Bellwether Enterprise to coordinate and leverage Enterprise resources
﴾grants, loans and equity﴿ in project development and advancement of the Enterprise strategic plan.
• Assist with other projects as needed.

Requirements:

• Undergraduate degree required; advanced degree in business, finance or related field preferred.
• Seven ﴾7﴿ years of commercial real estate lending experience with three ﴾3﴿ years of multi‐family affordable housing and/or community facilities. Community development underwriting and knowledge of various housing programs and the broader community development field is a plus.
• Demonstrated experience in preparing and negotiating complex, multi‐layered transactions and balancing the programmatic needs of community based organizations with sound underwriting judgment and risk mitigation.
• Ability to prioritize and manage multiple projects and assignments, meet tight deadlines, and coordinate and communicate effectively across all levels of an organization.
• Strong business development, analytical, communication, and problem solving skills, with working knowledge of spreadsheet programs.
• Detailed analytical skills with database management and spreadsheet knowledge.
• Familiarity with federal, state and local community development programs, particularly programs that finance charter schools, federally‐qualified health centers and affordable housing.
• Ability to travel up to 30% of the time.

Compensation:

Commensurate with experience

How to Apply:

https://careers.enterprisecommunity.com/

Loan Officer Enterprise Community Loan Fund (ECLF)
Columbia, MD
Job Function: Financial Services
Posted: October 3, 2019

Background:

Enterprise Community Loan Fund (ECLF) is a certified community development financial institution and a member of the Enterprise family of companies. Since its founding in 1982, Enterprise, our controlling entity, has raised and deployed more than $43.6B in equity, grants and loans to support low income people and low-income communities including building or preserving nearly 585,000 affordable rental homes. For more information about Enterprise, please visit our website at www.enterprisecommunity.org.The Enterprise Community Loan Fund has an immediate opening for a Loan Officer position. The position would have lending and portfolio responsibilities throughout Enterprise’s national footprint. The opportunity can be based in any of the following locations New York, New York; Seattle, WA; Los Angeles or San Francisco, CA or Denver, CO. When applying, please indicate which location you are interested working at?

Position Summary:

Reporting to the Chief Lending Officer, the Loan Officer is responsible for underwriting loan requests in support of community development projects with particular emphasis on affordable housing and community facilities, including both interim/bridge, New Market Tax Credits leverage loans and permanent term loans. The position will support ECLF’s lending activities across its national footprint. The responsibilities also include managing a defined portfolio of loans from origination through repayment. The Loan Officer is also expected to be the staff lead for ECLF’s local lending initiatives working collaboratively with local staff of Enterprise Community Partners.

The Loan Officer is expected to develop and maintain relationships with community development organizations and other relevant groups for the regions in which he/she works, as well as field representatives of Enterprise. The position requires an experienced professional with strong analytical, financial and relationship management skills.

Responsibilities:

Specific responsibilities include:

• Contribute to production goals by identifying lending opportunities, and originating new loans upon referral through the Enterprise system and external partners.
• Structure and negotiate financing proposals/commitments and prepare comprehensive written loan packages for review and approval by management or Loan Committee for both direct financing
by ECLF and financing through various off-balance sheet funds.
• Review and interpret third party due diligence reports, including appraisals, market assessments, entitlement/zoning classifications, and environmental reports to determine transaction viability and
appropriate loan structure.
• Coordinate the preparation of commitment letters and loan documents with attorneys.
• Manage the closing process, including internal and external closing counsel, and the collection, review, approval and execution of all closing items.
• Manage an existing portfolio of loans, including annual site visits, timely review of financial statements, review and approval of disbursement/funding requests, monitoring for covenant compliance
and processing modification and extension requests.
• Maintain loan files in audit‐ready condition to ensure accuracy and completeness.
• Work cooperatively with local and regional staff from Enterprise Community Partners, Enterprise Community Investment and Bellwether Enterprise to coordinate and leverage Enterprise resources
﴾grants, loans and equity﴿ in project development and advancement of the Enterprise strategic plan.
• Assist with other projects as needed.

Requirements:

• Undergraduate degree required; advanced degree in business, finance or related field preferred.
• Three ﴾3﴿ years of commercial real estate lending experience with preference for experience in multi‐family affordable housing and/or community facilities. Community development underwriting and knowledge of various housing programs and the broader community development field is a plus.
• Demonstrated experience in preparing and negotiating complex, multi‐layered transactions and balancing the programmatic needs of community based organizations with sound underwriting judgment and risk mitigation.
• Ability to prioritize and manage multiple projects and assignments, meet tight deadlines, and coordinate and communicate effectively across all levels of an organization.
• Strong business development, analytical, communication, and problem solving skills, with working knowledge of spreadsheet programs.
• Detailed analytical skills with database management and spreadsheet knowledge.
• Familiarity with federal, state and local community development programs, particularly programs that finance charter schools, federally‐qualified health centers and affordable housing.
• Ability to travel up to 30% of the time.

Compensation:

Commensurate with experience

How to Apply:

https://careers.enterprisecommunity.com/

Credit Analyst Enterprise Community Loan Fund (ECLF)
Columbia, MD
Job Function: Financial Services
Posted: October 3, 2019

Background:

Enterprise Community Loan Fund (ECLF) is a certified community development financial institution and a member of the Enterprise family of companies. Since its founding in 1982, Enterprise, our controlling entity, has raised and deployed more than $43.6B in equity, grants and loans to support low income people and low-income communities including building or preserving nearly 585,000 affordable rental homes. For more information about Enterprise, please visit our website at www.enterprisecommunity.org.The Enterprise Community Loan Fund has an immediate opening for a Credit Analyst position. The position would have lending and portfolio responsibilities throughout Enterprise’s national footprint and can be based in the following locations New York, New York; Seattle, WA; Los Angeles or San Francisco, CA or Denver, CO. Please indicate which location you are interested working at?

Position Summary:

Reporting to the Director of Lending, the Credit Analyst is responsible for a variety of tasks associated with supporting ECLF’s Loan Officers, Director of Lending, Chief Lending Officer (CLO) and Chief Credit Officer (CCO) in underwriting, closing, and asset management of community development loans with particular emphasis on affordable housing and community facilities. In particular, the Credit Analyst will support the Loan Officers by performing financial analyses, third party review assessments, site visits, and various asset management tasks including but not limited to covenant compliance, financial reporting, loan modifications and annual reviews.

Responsibilities:

Specific responsibilities include:

• Produce financial analysis of both for- and non-profit sponsors and/or guarantors.
• Support Loan Officers by conducting thorough due diligence review and evaluation of various aspects of loan underwriting such as evaluating feasibility and likelihood of repayment sources,
appraisal reviews, construction cost reviews, property condition reports, environmental reports and site inspections.
• Participate in the loan closing process by reviewing loan documents and/or due diligence items required to close a loan.
• Support the portfolio management function by providing financial analysis of existing sponsors, completing portfolio reviews, completing recommendations for modifications, drafting simple
modifications, assisting with workout plans for troubled loans, reviewing loans for covenant compliance and performing site visits.
• Assist with other projects as needed.

Requirements:

• Undergraduate degree in business, finance, real estate, urban planning or related field is required; advanced degree in business, finance or related field preferred.
• Three ﴾3﴿ years of work experience. An advanced degree in business, finance, real estate, urban planning o related field can substitute for 2 of the 3 years of required work experience.
• Experience in real estate-based or business lending, including credit analysis.
• Proficiency in analyzing financials of nonprofit and for-profit organizations and real estate operations (in particular, rental housing and community facilities).
• Experience with reviewing due diligence items required to close real estate transactions including but not limited to appraisals, environmental, and construction cost review reports.
• Knowledge of the closing process and loan documents utilized in real estate transactions.
• Familiarity with federal, state, and local government funding sources for capital and operating needs of multi-family housing, special needs housing, and community facilities (e.g. LIHTC, HUD programs, etc.) desired.
• Experience working with both private sector financial institutions and public agencies.
• Excellent written and verbal communication skills are required.
• Strong computer aptitude skills, including knowledge of Microsoft Office Suite Programs are essential.
• Excellent skills in managing multiple tasks requiring strong attention to detail
• Ability to work effectively in a team environment.
• Ability to travel.

Compensation:

Commensurate with experience

How to Apply:

https://careers.enterprisecommunity.com/

Credit Analyst Enterprise Community Loan Fund (ECLF)
New York, NY
Job Function: Financial Services
Posted: October 3, 2019

Background:

Enterprise Community Loan Fund (ECLF) is a certified community development financial institution and a member of the Enterprise family of companies. Since its founding in 1982, Enterprise, our controlling entity, has raised and deployed more than $43.6B in equity, grants and loans to support low income people and low-income communities including building or preserving nearly 585,000 affordable rental homes. For more information about Enterprise, please visit our website at www.enterprisecommunity.org.The Enterprise Community Loan Fund has an immediate opening for a Credit Analyst position. The position would have lending and portfolio responsibilities throughout Enterprise’s national footprint and can be based in the following locations New York, New York; Seattle, WA; Los Angeles or San Francisco, CA or Denver, CO. Please indicate which location you are interested working at?

Position Summary:

Reporting to the Director of Lending, the Credit Analyst is responsible for a variety of tasks associated with supporting ECLF’s Loan Officers, Director of Lending, Chief Lending Officer (CLO) and Chief Credit Officer (CCO) in underwriting, closing, and asset management of community development loans with particular emphasis on affordable housing and community facilities. In particular, the Credit Analyst will support the Loan Officers by performing financial analyses, third party review assessments, site visits, and various asset management tasks including but not limited to covenant compliance, financial reporting, loan modifications and annual reviews.

Responsibilities:

Specific responsibilities include:

• Produce financial analysis of both for- and non-profit sponsors and/or guarantors.
• Support Loan Officers by conducting thorough due diligence review and evaluation of various aspects of loan underwriting such as evaluating feasibility and likelihood of repayment sources,
appraisal reviews, construction cost reviews, property condition reports, environmental reports and site inspections.
• Participate in the loan closing process by reviewing loan documents and/or due diligence items required to close a loan.
• Support the portfolio management function by providing financial analysis of existing sponsors, completing portfolio reviews, completing recommendations for modifications, drafting simple
modifications, assisting with workout plans for troubled loans, reviewing loans for covenant compliance and performing site visits.
• Assist with other projects as needed.

Requirements:

• Undergraduate degree in business, finance, real estate, urban planning or related field is required; advanced degree in business, finance or related field preferred.
• Three ﴾3﴿ years of work experience. An advanced degree in business, finance, real estate, urban planning o related field can substitute for 2 of the 3 years of required work experience.
• Experience in real estate-based or business lending, including credit analysis.
• Proficiency in analyzing financials of nonprofit and for-profit organizations and real estate operations (in particular, rental housing and community facilities).
• Experience with reviewing due diligence items required to close real estate transactions including but not limited to appraisals, environmental, and construction cost review reports.
• Knowledge of the closing process and loan documents utilized in real estate transactions.
• Familiarity with federal, state, and local government funding sources for capital and operating needs of multi-family housing, special needs housing, and community facilities (e.g. LIHTC, HUD programs, etc.) desired.
• Experience working with both private sector financial institutions and public agencies.
• Excellent written and verbal communication skills are required.
• Strong computer aptitude skills, including knowledge of Microsoft Office Suite Programs are essential.
• Excellent skills in managing multiple tasks requiring strong attention to detail
• Ability to work effectively in a team environment.
• Ability to travel.

Compensation:

Commensurate with experience

How to Apply:

https://careers.enterprisecommunity.com/

Economic Development Assistant Director Westminster Economic Development Initiative, Inc. (WEDI)
Buffalo, NY
Job Function: Other
Posted: October 2, 2019

Background:
Economic Development: Low-income individuals and families attain sustainable incomes through business creation and expansion. WEDI has supported the establishment of over 100 businesses and the expansion of an additional 30 businesses. WEDI’s current pipeline includes over 700 unduplicated prospective and established business owners who are in the training and technical assistance process. Of these, 72% are members of ethnic minority groups, 51% are refugees, 2% are asylees, 10% are other immigrants, 91% are previously low-income individuals as defined by the threshold of 79% or less of the Area Median Income (AMI), and 46% are previously extremely low-income individuals as defined by 29% or less of the AMI. WEDI has also disbursed over 183 loans from its growing $1.1M loan fund to businesses in need of capital that lack access to financing from other sources. Community Development: Communities of entrepreneurs create focused, market-driven, and sustainable destinations that bring people together to create strong, diverse neighborhoods. Over the past few years, the West Side Bazaar (WSB) has become an internationally acclaimed cultural business and restaurant incubator that hosts up to 21 businesses and has successfully graduated 25 small-business owners who have expanded intothe local community. At the WSB, shoppers find fresh, exciting ethnic cuisines and handcrafted gifts, clothing, and jewelry from around the world. The WSB empowers entrepreneurs to start and grow their businesses, while providing Western New York a unique cultural experience with the immigrant business owners.

Position Summary:
Provide support to current and prospective business owners (clients) seeking capital and business education to start, grow, and/or sustain their small business/microenterprise, and provide support to WEDI staff working directly with these clients. Click here to view the full position description.

Responsibilities:
Business Training, Technical Assistance, and Microloans + Train, direct, and manage Economic Development staff in the pre-loan one-on-one business counseling process, ensuring the team meets with a total of at least 250 clients annually. + Coordinate financial capability programming to train at least 200 clients in topics, including savings, credit, and banking, and create financial management plans to address any deficits. + Coordinate business education programming to train at least 100 clients in topics, including forming a business plan, accessing financing/capital, managing a business, managing employees, bookkeeping, tax planning, marketing/sales, buying or selling a business, e- commerce, and more. + Develop measures for evaluating effectiveness of education and technical assistance being provided, and implement strategies for improvement. + Develop, maintain, and implement a marketing plan to recruit new clients in the community through referral systems, networking, and relationships among particular ethnic and social groups. + Direct the team to present an average of at least four (4) loan proposals to the Loan Committee per month. + Ensure borrowers repay loans consistently and follow up with delinquent clients.   Programs Administration + Assist in the implementation, management, and reporting of over 15 grant-funded projects and programs, with the support of the Grants Manager. + Co-manage the Economic Development Committee meetings in partnership with the Economic Development Director and Loan Committee Chairperson. + Delegate responsibilities as necessary to direct-report staff and co-workers. + Perform other related duties as required   Possible Functions and Responsibilities + Improve existing programming to better serve WEDI’s clients and meet program objectives. + Design and implement innovative, outcome-driven programs that fulfill WEDI’s economic and community development goals

Requirements:
+ A minimum of a Bachelor’s degree in Business, Marketing, Economics, or related field + Ability to learn quickly and develop a passion for serving low-income and experienced people + Ability to demonstrate strong customer service tendencies, especiallywith multi-cultural, low- income individuals, including the ability to work through interpreters + Competent and efficient in email and internet applications, including a database system for program and data tracking + Demonstrated problem solving and people skills + High accuracy in work, attention to detail + Proven oral and written skills Preferred Qualifications + MBA or equivalent degree in a related field + 2 - 5 years’ experience training, lending to, or owning startup or established small businesses + Experience working with multi-cultural low-income individuals + A passion for alleviating poverty, improving cities, and serving the community

Compensation:
$43,264, Once eligible, 3% match for Individual Retirement Account, and Health Insurance

How to Apply:
Please send a resume, cover letter, and salary requirements to cwelch@wedibuffalo.org.

Director of Finance and Administration UHAB | Urban Homesteading Assistance Board
New York, NY
Job Function: Business Development
Posted: October 1, 2019

Background:

UHAB empowers low- to moderate-income residents to take control of their housing and enhance communities by creating strong tenant associations and lasting affordable co-ops. Since 1973, UHAB has guided some 1,600 buildings from distressed rental to affordable housing cooperative, assisting residents of more than 30,000 apartments in becoming co-op homeowners.

UHAB supports affordable housing and self-reliance by organizing, developing and supporting low-income tenant associations and resident-controlled housing cooperatives. Our activities encompass advocacy, organizing, classroom and on-site training, direct technical assistance, development consulting, development and sponsorship of new co-ops, purchase lending, and services for member co-ops that include bookkeeping, insurance, legal services, fuel and other bulk purchasing, newsletters, seminars, and online resources.

Our work is carried out at our offices in Lower Manhattan and Harlem by 30 dedicated staff members. Committed to maintaining our very egalitarian culture, UHAB values individual initiative and the principle of self-help among both our staff and the residents we serve.

Position Summary:

All of UHAB’s organizing, development, and cooperative support services are also the work of our Management Team, whose members participate actively in financial planning and are accountable for financial performance. Administrative tasks are handled in a similarly inclusive manner. The DFA, a senior executive, is at the hub of this network and their energy determines how well it functions. UHAB is seeking an individual with a unique skill set that includes the ability to creatively problem solve, and to lead and motivate colleagues.

Responsibilities:

The DFA is responsible for all aspects of fiscal management, planning, reporting, and human resources administration at UHAB. They will lead UHAB’s Fiscal Department, which currently handles all transactions for UHAB’s operating budget of approximately $5 million. Eighty-five percent of UHAB’s budget is earned income; the rest of the funds are raised through foundation and private donations. In addition, the DFA handles all fiscal functions for UHAB’s growing cooperative development pipeline, which currently consists of more than 20 buildings, most of which have completed renovation or construction and are in the process of converting to cooperative ownership.

The DFA also oversees the financial management and serves on the credit committee of Homeownership Lending LLC, UHAB’s newly created CDFI that makes share loans to cooperative homebuyers. UHAB’s Human Resources functions are currently contracted out to a Professional Employer Organization (PEO). The DFA is the liaison between the PEO and UHAB.

Specific responsibilities include:

- Financial Management and Planning
- Analysis and Reporting
- Accounting / Transactional Tasks
- Human Resources
- Executive and Supervisory Responsibilities

Requirements:

The successful candidate will be a strategic thought partner and a responsible and independent worker who derives great satisfaction from managing systems that result in accurate information being readily available to those who need it. Our new DFA will be able to demonstrate that they:

- Have at least 5 years of experience in leading operations, finance or administration within, a non-profit organization, a foundation or a similar corporation.
- Have a Bachelor’s Degree in business and/or non-profit management, public administration or similar area required. MBA or Master’s degree in related field preferred.
- Have a full understanding of the principles and procedures of not-for-profit accounting.
- Knowledge of QuickBooks is essential.
- Are a self-starter with ability to initiate prospecting activities, sales calls, and face to face meetings.
- Are Comfortable addressing tenant groups, board members, elected officials, colleagues and other stakeholders.
- Can play a critical role in partnering with the senior leadership team in strategic decision making and operations to enhance UHAB’s quality programs and build capacity.
- Can derive job satisfaction from serving and supporting UHAB’s programmatic staff and activities.
- Are an excellent multi-tasker who can keep track of a variety of simultaneous high-priority projects.
- Are able to work in a highly organized and efficient manner, with accurate and reliable results.
- Can produce reports that are accessible and communicative.
- Can communicate well with others and work cooperatively and collaboratively.
- Are a team leader as well as a team player who can communicate effectively with colleagues who administer a wide range of programs, and can explain to them the financial implications of their program decisions.
- Have a high degree of skill and experience with computerized office operations and basic office software applications.
- Embody integrity, credibility, and dedication to UHAB’s mission.
- Handle pressure well, with nerves of steel and a sense of humor.

Compensation:

Commensurate with experience, starting at $75,000, including a generous benefits package with both health and dental insurance.

How to Apply:

Email your cover letter and resume to info@uhab.org. Please put "DFA" in the subject line.

Asset Manager Corporation for Supportive Housing
New York, NY
Job Function: Lending/Loan Operations
Posted: October 1, 2019

Background:

Who we are:
For over 25 years CSH has been a game-changer for the most vulnerable people in our country
- Helping communities create 300,000 homes for individuals and families who did not have one;
- Bringing hope to thousands who thought they would live on the streets or reside in institutions; and
- Ensuring not only a stable home for each, but access to the services that brought healthcare, recovery and training to their doorsteps.

Not only has CSH proven supportive housing works and changes the lives of individuals, families and communities, we have done so while creating a family of nationally recognized experts who stay committed to our organization and mission throughout their careers. We attract talented professionals, offer competitive salaries with benefits, generous family leave and PTO, and fully embrace the philosophy that a sustainable work-life balance is desirable and achievable. With the aim of attracting good people who possess the confidence and drive to get the job done, CSH is now accepting applications for an Asset Manager to support our New Market Tax Credit program.

Position Summary:

Why we need you:
CSH is seeking an enthusiastic, results-oriented individual. The Asset Manager will ensure compliance with the CDFI Fund’s requirements for the New Market Tax Credit Program. Working with our Loan Portfolio Team, this position is located in CSH’s New York Office.

Responsibilities:

What you will do:
• Ensure program compliance: Collect and review community impact reporting into CIIS, the annual Community Benefit (CBA) report from QALICBs and the asset management report regarding closed projects for the NMTC Advisory Board, Internal Management and the Board of Directors.
• Monitor project performance and assess risk through review of periodic reporting from QALICBs and guarantors (i.e. monthly draws, quarterly financials) and coordinate with the NMTC team, investors and other sub-CDEs as needed on issues relating to compliance and/or to mitigate risks.
• Assist with the organization’s NMTC application and in finalizing related allocation agreements.
• Assist with project closings, reviewing the project financial model and key legal documents related to loan servicing, compliance/reporting, and disbursement processes for accuracy; coordinate with Finance to establish and manage sub-CDE general ledgers and bank accounts; and work with external auditors and tax accounts to ensure program compliance at closing.
• Service NMTC Loans, including loan data management, interest, fee and tax payments, and construction draw reviews and approval.
• Prepare all required accounting and financial reporting; coordinate and prepare work papers for annual financial audits, tax department and annual tax filings; and oversee investor reporting.
• Creatively support the NMTC program by identifying solutions, offer ideas for improved systems, assist in the preparation of program budget and expenses, and complete special projects as needed and assigned.

Requirements:

How we work:
All CSH staff share a common competency framework. These guide our approach and in turn, help us create value. CSH staff are adaptable, entrepreneurial, creative, flexible, and problem solvers. We are strategic thinkers with a sense of humor, persistence, and a commitment to treating others with respect.
• Successful candidates will be adaptive, entrepreneurial problem solvers with a demonstrated commitment to social justice. CSH seeks candidates driven by strategic thinking, executed with creativity and flexibility, and with an ability to adapt approach, strategy, and tactics rapidly in response to changing information or program needs. It is important to help articulate and strategically pursue new visions and ideas for supportive housing and the role it can play in solving complex problems.
• 3-years minimum experience in asset/portfolio management, project development, and/or non-profit lending. Experience in loan servicing and/or compliance a plus.
• Past experience in reading legal documents and managing compliance and community impact reporting related to public funding sources is desired. Familiarity with community and economic development programs is a plus. Prior experience with New Market Tax Credits is a plus, but not required.
• Candidates must be organized, analytic, detail-oriented, and comfortable working with numbers/data. Excellent written and verbal communication skills are needed with an aptitude for managing multiple assignments and meeting deadlines.
• Experience incorporating the perspectives of multiple communities, including communities of color, in the consideration of impacts and outcomes of a decision-making process.
• Strong analytical, interpersonal, presentation and written and verbal communication skills with the ability to present to diverse audiences, specifically racially, ethnically and socially diverse communities.
• CSH uses Microsoft Office programs (Word, Excel, Power Point, Access, Outlook) so a mastery of these products is required.
• Prior experience with loan servicing and monitoring software is preferred.
• Bachelor’s degree or equivalent experience of education and experience.

Compensation:

Commensurate with experience

How to Apply:

Interested in joining our team as a leader in the national supportive housing movement?
To Apply:
Candidates should apply by clicking on the link below. All candidates should attach their Resume, Cover Letter and Salary Expectations as one Microsoft Word or PDF document.
https://csh.csod.com/ats/careersite/jobdetails.aspx?site=1&c=csh&id=115&...
CSH is proud that it has been and always will be an Equal Opportunity Employer

Community Development Loan Officer Cinnaire
Wilmington, DE
Job Function: Lending/Loan Operations
Posted: October 1, 2019

Background:

Cinnaire has an unwavering belief that all people deserve the opportunities provided by living in healthy communities. That is the “Why” that guides all of Cinnaire’s activities. At Cinnaire, our human capital is our most valuable asset. We are committed to fostering and preserving a culture of diversity, inclusion, and fairness. We strive to provide an environment that empowers the authentic expression of diverse voices and celebrates a workforce that reflects the communities we serve.

Specifically, Cinnaire is a nonprofit partner based in Lansing, MI that supports community stabilization and economic development by developing and nurturing partnerships that can change lives and transform communities in the Great Lakes and Mid-Atlantic regions. Founded in Michigan in 1993, Cinnaire launched a tax credit fund to support much needed affordable housing in Detroit and surrounding areas. In 2002, Cinnaire created Cinnaire Lending Community Development Financial Institution (CDFI) to address the significant needs of its partners that struggled to find flexible capital to get housing projects off the ground. Twenty-five years later Cinnaire has expanded to close to 100 team members with 7 offices and programs in 9 states, partnering with community organizations to support creation/retention of 81,000 Jobs, 653 affordable housing projects, and improving lives of 97,000 low- and moderate-income Individuals.

The organization does its work through four broad divisions: Its Equity Group manages its Low Income Housing platform, as well as other innovative capital solutions; Cinnaire Lending, provides debt financing for affordable housing (LIHTC) and other community development projects, including the FHLB Affordable Housing Program grant subsidies and the management of the New Markets Tax Credit program; Cinnaire Solutions provides consulting support to a broad range of community development projects and can serve as a full-service financial partner or as a master developer for innovative community development projects; Cinnaire Title offers title insurance services and full escrow services throughout the Cinnaire footprint. The current search is part of a new initiative within Cinnaire Lending, creating a new capacity for financing smaller scale but impactful community development projects in targeted priority areas. Through an extensive strategic planning process, Cinnaire has identified three geographic areas as its Priority Cities (Detroit, MI; Wilmington, DE; and La Crosse, WI). Cinnaire expects to initially focus on these three cities and then replicate its community development lending initiatives to other parts of its footprint in future years.

Position Summary:

Cinnaire is seeking Community Development Loan Officers (CDLO) for its new Community Development lending program, a key driver of future growth for the organization. This search represents an opportunity to join this national leader in community development finance as it continues to build out a new community lending program in newly targeted communities in Detroit, Michigan and Wilmington, Delaware.

The CDLO is a new position which is being created to meet Cinnaire Lending program deployment and portfolio performance goals for a specified market, either the Wilmington, Delaware, Detroit, Michigan and La Crosse, Wisconsin markets. The new program is intended to focus on smaller affordable housing projects and other community development projects, such as community facilities which are not served by other existing Cinnaire programs.

Responsibilities:

1. Implement target market outreach and business development strategies and activities to build a robust pipeline of community financing projects that create Cinnaire’s desired impact in the target market.
2. Originate community development loans, including underwriting and structuring of loans, managing the approval process, including loan committee(s) presentation(s) and collaborating with the portfolio management team to facilitate closings.
3. Provide technical assistance to strengthen the loan application of borrowers and support improved capacity of borrowers to repay the loan.
4. Maintain uninterrupted borrower relationships to ensure proactive management of potential problems and repayment of Cinnaire capital.

Requirements:

· Demonstrated competency in community development and non-profit lending, cash flow and project analysis, underwriting, structuring and lending policies and procedures.
· Solid understanding of the local and regional target market government, non-profit community, economic development and real estate market dynamics.
· Proactive work style along with the ability to work in a team environment.
· Excellent organizational and prioritization skills – strong detail orientation
· Ability to communicate effectively and work collaboratively in a multicultural environment.
· High-level written and oral communication and presentation skills.
· Proficient computer software skills, including spreadsheets and databases
· Minimum of 5 years of experience in community development lending that includes knowledge of non-profit and developer issues, cash management and underwriting.
· A Bachelor’s degree in accounting, business, community development, finance or urban planning is preferred.
· Established and engaged community development network in the target market preferred.

Compensation:

The position carries a competitive salary with growth potential, as well as a comprehensive benefits package.

How to Apply:

For more information, please contact our search consultant, David Erickson-Pearson at 303-703-6165, or epdavid@earthlink.net. To apply, please submit resume, cover letter and salary requirements to epdavid@earthlink.net.

Community Development Loan Officer Cinnaire Corporation
Detroit, MI
Job Function: Lending/Loan Operations
Posted: October 1, 2019

Background:

Cinnaire has an unwavering belief that all people deserve the opportunities provided by living in healthy communities. That is the “Why” that guides all of Cinnaire’s activities. At Cinnaire, our human capital is our most valuable asset. We are committed to fostering and preserving a culture of diversity, inclusion, and fairness. We strive to provide an environment that empowers the authentic expression of diverse voices and celebrates a workforce that reflects the communities we serve.

Specifically, Cinnaire is a nonprofit partner based in Lansing, MI that supports community stabilization and economic development by developing and nurturing partnerships that can change lives and transform communities in the Great Lakes and Mid-Atlantic regions. Founded in Michigan in 1993, Cinnaire launched a tax credit fund to support much needed affordable housing in Detroit and surrounding areas. In 2002, Cinnaire created Cinnaire Lending Community Development Financial Institution (CDFI) to address the significant needs of its partners that struggled to find flexible capital to get housing projects off the ground. Twenty-five years later Cinnaire has expanded to close to 100 team members with 7 offices and programs in 9 states, partnering with community organizations to support creation/retention of 81,000 Jobs, 653 affordable housing projects, and improving lives of 97,000 low- and moderate-income Individuals.

The organization does its work through four broad divisions: Its Equity Group manages its Low Income Housing platform, as well as other innovative capital solutions; Cinnaire Lending, provides debt financing for affordable housing (LIHTC) and other community development projects, including the FHLB Affordable Housing Program grant subsidies and the management of the New Markets Tax Credit program; Cinnaire Solutions provides consulting support to a broad range of community development projects and can serve as a full-service financial partner or as a master developer for innovative community development projects; Cinnaire Title offers title insurance services and full escrow services throughout the Cinnaire footprint. The current search is part of a new initiative within Cinnaire Lending, creating a new capacity for financing smaller scale but impactful community development projects in targeted priority areas. Through an extensive strategic planning process, Cinnaire has identified three geographic areas as its Priority Cities (Detroit, MI; Wilmington, DE; and La Crosse, WI). Cinnaire expects to initially focus on these three cities and then replicate its community development lending initiatives to other parts of its footprint in future years.

Position Summary:

Cinnaire is seeking Community Development Loan Officers (CDLO) for its new Community Development lending program, a key driver of future growth for the organization. This search represents an opportunity to join this national leader in community development finance as it continues to build out a new community lending program in newly targeted communities in Detroit, Michigan and Wilmington, Delaware.

The CDLO is a new position which is being created to meet Cinnaire Lending program deployment and portfolio performance goals for a specified market, either the Wilmington, Delaware, Detroit, Michigan and La Crosse, Wisconsin markets. The new program is intended to focus on smaller affordable housing projects and other community development projects, such as community facilities which are not served by other existing Cinnaire programs.

Responsibilities:

1. Implement target market outreach and business development strategies and activities to build a robust pipeline of community financing projects that create Cinnaire’s desired impact in the target market.
2. Originate community development loans, including underwriting and structuring of loans, managing the approval process, including loan committee(s) presentation(s) and collaborating with the portfolio management team to facilitate closings.
3. Provide technical assistance to strengthen the loan application of borrowers and support improved capacity of borrowers to repay the loan.
4. Maintain uninterrupted borrower relationships to ensure proactive management of potential problems and repayment of Cinnaire capital.

Requirements:

· Demonstrated competency in community development and non-profit lending, cash flow and project analysis, underwriting, structuring and lending policies and procedures.
· Solid understanding of the local and regional target market government, non-profit community, economic development and real estate market dynamics.
· Proactive work style along with the ability to work in a team environment.
· Excellent organizational and prioritization skills – strong detail orientation
· Ability to communicate effectively and work collaboratively in a multicultural environment.
· High-level written and oral communication and presentation skills.
· Proficient computer software skills, including spreadsheets and databases
· Minimum of 5 years of experience in community development lending that includes knowledge of non-profit and developer issues, cash management and underwriting.
· A Bachelor’s degree in accounting, business, community development, finance or urban planning is preferred.
· Established and engaged community development network in the target market preferred.

Compensation:

The position carries a competitive salary with growth potential, as well as a comprehensive benefits package.

How to Apply:

For more information, please contact our search consultant, David Erickson-Pearson at 303-703-6165, or epdavid@earthlink.net. To apply, please submit resume, cover letter and salary requirements to epdavid@earthlink.net.

Law Clerk Cinnaire Corporation
Detroit, MI
Job Function: Other
Posted: October 1, 2019

Background:

Cinnaire has an unwavering belief that all people deserve the opportunities provided by living in healthy communities. That is the “Why” that guides all of Cinnaire’s activities. At Cinnaire, our human capital is our most valuable asset. We are committed to fostering and preserving a culture of diversity, inclusion, and fairness. We strive to provide an environment that empowers the authentic expression of diverse voices and celebrates a workforce that reflects the communities we serve.

Specifically, Cinnaire is a nonprofit partner based in Lansing, MI that supports community stabilization and economic development by developing and nurturing partnerships that can change lives and transform communities in the Great Lakes and Mid-Atlantic regions. Founded in Michigan in 1993, Cinnaire launched a tax credit fund to support much needed affordable housing in Detroit and surrounding areas. In 2002, Cinnaire created Cinnaire Lending Community Development Financial Institution (CDFI) to address the significant needs of its partners that struggled to find flexible capital to get housing projects off the ground. Twenty-five years later Cinnaire has expanded to close to 100 team members with 7 offices and programs in 9 states, partnering with community organizations to support creation/retention of 81,000 Jobs, 653 affordable housing projects, and improving lives of 97,000 low- and moderate-income Individuals.

The organization does its work through four broad divisions: Its Equity Group manages its Low Income Housing platform, as well as other innovative capital solutions; Cinnaire Lending, provides debt financing for affordable housing (LIHTC) and other community development projects, including the FHLB Affordable Housing Program grant subsidies and the management of the New Markets Tax Credit program; Cinnaire Solutions provides consulting support to a broad range of community development projects and can serve as a full-service financial partner or as a master developer for innovative community development projects; Cinnaire Title offers title insurance services and full escrow services throughout the Cinnaire footprint.

Position Summary:

Law Clerk will assist General Counsel (and other legal staff) with various legal projects primarily in the areas of business entities, employment and real estate.

Responsibilities:

The primary focus for the position initially will be in maintaining and updating corporate records. This project will entail completing a comprehensive review and reorganization of the records of various corporations, partnerships and limited liability companies in the Cinnaire organization, including but not limited to reviewing and indexing corporate minutes, resolutions and other documents; reorganizing corporate records in both electronic and hard copy formats as needed; and, preparing and filing corporate and other business entity documents. Law Clerk will also assist General Counsel in preparing a library of legal forms, reviewing and organizing other company contracts and documents and such other legal projects in the areas of real estate and employment law as needed.

Requirements:

Job Requirements:

• Candidate must have completed first year of law school and course work in Business Entities and Property Law with a grade of 3.0 or better and have an overall grade point average of 2.75 or better.
• Candidate must have at least intermediate skill level In Microsoft Office, particularly Word, Excel and Outlook.
• Position may occasionally require travel between Cinnaire’s Detroit office and Lansing headquarters.
• Position will require candidate to work 15-20 hours per week.

Materials requested (in addition to cover letter and resume):

• Law school transcript
• Writing sample

Compensation:

Please provide desired salary during application process.

How to Apply:

https://workforcenow.adp.com/mascsr/default/mdf/recruitment/recruitment....

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