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Job description
About Local Initiatives Support Corporation
Local Initiatives Support Corporation (LISC) is one of the country’s largest community development organizations, working to forge vibrant, resilient communities across America. The organization operates as a conduit for grants, loans, and equity investments, while also providing technical assistance and capacity building to locally rooted organizations that serve communities. LISC's mission centers on closing gaps in health, wealth, and opportunity so that people and places can thrive. The LISC NY program specifically works with nonprofit, community-based organizations and for-profit private real estate developers to develop affordable housing, commercial enterprises, and community facilities. The organization invests strategically in health, economic development, financial well-being, and environmental sustainability to ensure that the communities their partners serve are good places to live, work, do business, and raise children. LISC operates through a network of local, regional, and national offices that collaborate to maximize impact and leverage diverse financing products and partnerships. LISC works in close coordination with government agencies such as the New York City Department of Housing Preservation and Development, New York State Homes and Community Renewal, and the New York City Housing Authority. The organization partners with affiliated entities including the National Equity Fund and Broadstreet Impact Services to deploy a comprehensive array of financing solutions tailored to community development needs.
About this Role
The Director of Community Capital Investments conducts lending and related technical assistance across 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 and is 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. 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. The Director of Community Capital Investments 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. The role requires working alongside LISC affiliates National Equity Fund and Broadstreet Impact Services to structure comprehensive financing solutions.
Responsibilities
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, including 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
Requirements
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
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 social change and preserving affordable housing
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 professional
Excellent writing, financial analysis and verbal communication skills required
Benefits
Medical, Dental, and 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: 401(k) and 403(b) plans to secure your future
Generous Holidays: Ample time off to recharge and celebrate
Vacation, PTO, and Sick Days: Flexible time-off policies to maintain work-life balance
Tuition Assistance: Support for pursuing educational goals
Referral Program: Earn rewards for referring qualified candidates to join the team
Professional Development Opportunities: Access to ongoing training and development programs tailored to career growth and advancement
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