Director of Community Capital Investments

Director of Community Capital Investments

New York City - LISC National Headquarters;
Remote

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…