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Open nowPosted 56 days ago

Director of Community Capital Investments

Local Initiatives Support Corporation5 open roles

Pay
$134,405 – $145,000 a year
Where
New York City - LISC National Headquarters; Remote
Work mode
Remote
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Your applicationOpen nowDirector of Community Capital InvestmentsLocal Initiatives Support Corporation · New York City - LISC National Headquarters; Remote

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The clock on this job

Early applications get read.

13.3% of postings close within 7 days. Measured by our own scanner across the market. Local Initiatives Support Corporation postings stay open a median of 54 days.

Share of postings closed within
  1. 2.1%1 day
  2. 4.6%3 days
  3. 13.3%7 days
  4. 21.3%14 days
  5. 35.7%30 days
  6. 59.1%60 days
This job: posted 56 days ago

Local Initiatives Support Corporation median: 54 days open

The posting

LISC is one of the country’s largest community development organizations, helping forge vibrant, resilient communities across America. LISC works with residents and partners to close gaps in health, wealth, and opportunity so that people and places can thrive. We do this by acting as a conduit for grants, loans and equity--and by providing technical assistance and capacity building--to locally rooted organizations that carry out the work in communities.

Position Description

The Director of Community Capital Investments conducts lending and related technical assistance in New York City’s five boroughs as well as throughout New York State. This position reports to the LISC NY Senior Director of Community Capital Investments & Expanded Markets. The LISC NY program works with nonprofit, community-based organizations and for-profit private real estate developers to develop affordable housing, commercial enterprises and community facilities. 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.

The Director of Community Capital Investments will be responsible for developing and executing a program of strategic housing and economic development investments. A primary focus of the role is sourcing transactions and managing relationships with developer partners who are working in coordination with city and state housing agencies such as the New York City Department of Housing Preservation and Development, New York State Homes and Community Renewal, and New York City Housing Authority. The successful candidate will have knowledge of the public and private resources available to leverage LISC’s investments in affordable housing and will have the skills to strategically deploy LISC’s full array of financing products such as predevelopment, acquisition, construction, bridge loans, lines of credit, and tax credit equity, working alongside LISC affiliates National Equity Fund and Broadstreet Impact Services. The Senior Investment Officer will also provide technical assistance and financing to LISC NY’s partners to develop projects that will ensure their neighborhoods have critical jobs, services and community assets to complement housing.

Duties and Responsibilities

  • Under the direction of the Senior Director, Capital Investments & Expanded Markets, lead the Community Capital Investments team in structuring, negotiating, and originating a strong pipeline of affordable housing and economic development transactions. Drive the deployment of LISC capital and technical assistance resources to support community development initiatives, maximize impact, and advance organizational investment objectives.
  • Support senior leadership in identifying, cultivating, and pursuing strategic partnerships and funding opportunities to secure additional capital resources and expand LISC NY’s affordable housing, economic development, and community investment efforts.
  • Manage key relationships with public and private sector partners. Work closely with City and State government to develop projects across all of LISC NY’s housing programs.
  • Co-lead the development, management, and tracking of the investment pipeline while providing guidance and oversight to staff on underwriting practices that align with LISC National’s credit standards, risk management framework, and investment philosophy.
  • Underwrite transactions requiring LISC pre-development, acquisition, construction, or permanent loans, tax-exempt bond financing and Low-Income Housing Tax Credit (LIHTC) financing as well as New Markets and Historic Tax Credits.
  • Present 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 projects.
  • 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 transactions.
  • Provide technical assistance to LISC NY partners undertaking economic development related real estate projects. This includes assistance with assessing project feasibility, developing financing strategies, advising on the selection and coordination of third-party consultants and accessing financing via public subsidies and conventional sources.
  • Prepare reports and findings for investors, funders and other stakeholders as needed.
  • Perform additional duties, as required.

Qualifications

  • Bachelor’s degree from an accredited college or university or relevant experience.
  • Minimum 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 and New York State area markets, along with familiarity with city, state and federal government financing programs, including bond and tax credit financing, available to support
  • Knowledge of financing products such as predevelopment, acquisition, construction, bridge and permanent loans; lines of credit; and tax credit
  • Demonstrated ability to manage multiple, complex transactions at various stages and coordinate with multiple internal and external parties to meet approval and closing
  • Commitment to the community development sector and the critical role of nonprofit organizations in driving social change and preserving affordable
  • 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 for a challenging workload, and be a positive, solution-oriented.
  • Excellent writing, financial analysis and verbal communication skills required.

COMPENSATION

LISC offers a competitive salary ($134,405-$145,000) and excellent fringe benefits.

*Actual salaries may be based on several factors including, but not limited to, a candidate's skill set, experience, education, work location and other qualifications.

Our benefits include:

Medical, Dental, Vision Coverage: Comprehensive health plans for you and your family's well-being; Disability Insurance: Long-term and short-term coverage for peace of mind; Retirement Savings: Secure your future with our 401(k) and 403(b) plans; Generous Holidays: Enjoy ample time off to recharge and celebrate; Vacation, PTO, and Sick Days: Take advantage of flexible time-off policies to maintain work-life balance; Tuition Assistance: Pursue your educational goals with support from our tuition assistance program; Referral Program: Earn rewards for referring qualified candidates to join our team; Professional Development Opportunities: Grow and advance in your career with access to ongoing training and development programs tailored to your goals.

LISC is an equal opportunity employer. LISC does not discriminate in employment on account of actual or perceived race, color, creed, religion, national origin, ancestry, citizenship status, age, sex or gender (including pregnancy, childbirth, lactation and related medical conditions), gender identity or expression (including transgender status), sexual orientation, marital status, military status or veteran status, unfavorable discharge from military service, physical or mental disability, protected medical condition as defined by applicable state or local law, genetic information or any other characteristic protected by applicable federal, state or local laws and ordinances.

We will endeavor to make a reasonable accommodation to the known physical or mental limitations of a qualified applicant with a disability unless the accommodation would impose an undue hardship on the operation of our business.

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