The New York City office of the Local Initiatives Support Corporation (LISC) seeks a professional to fill the position of Senior Community Development Officer for Housing. The position reports to the Director of Housing.
LISC NYC invests in underserved neighborhoods to help them become places of choice and opportunity where people can thrive. We connect community leaders to the funding and technical expertise needed to make this happen. We bring financial and technical resources to partners who share our deeply held vision for an inclusive city. We build and nurture effective collaborations, equipping them with our expertise in affordable housing, community development finance, program design, implementation, and organizational capacity building. In today's rapidly changing city, LISC NYC ensures that critical neighborhood assets can take root and thrive, and that low-income residents share in growth and prosperity. Over the past three decades, LISC NYC has invested over $2.5 billion, leveraging an additional $5.7 billion in low-income communities. This has resulted in 37,000 affordable homes built and preserved as well as 1.7 million square feet of retail and community space created. LISC NYC also invests
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://programs.lisc.org/nyc/
Housing is the cornerstone of LISC NYC’s mission. The Senior Community Development Officer (CDO) for Housing works with the LISC NYC Director of Housing and Executive Director to develop and execute a program of strategic housing investments. The position will market, structure, negotiate, and originate a robust pipeline of affordable housing transactions that facilitate the deployment of LISC capital and technical assistance resources. A primary focus will be deepening and enhancing LISC NYC’s strategic partnerships with city and state housing agencies (HPD, HCR, and NYCHA), as well as working with nonprofit and for-profit developer partners that are considering new affordable housing development, affordable housing preservation transactions and other real estate transactions. The position will build on LISC NYC’s established historic relationships with nonprofit community development corporations (CDCs), with an eye toward continued stewardship of the community-based housing sector, while also
identifying opportunities for expanding LISC NYC’s client base and other business development strategies. The Senior CDO for Housing will have deep knowledge of the public and private resources available to leverage LISC’s investment, and will strategically deploy LISC’s full array of financing products such as predevelopment loans, acquisition, construction, bridge lending, lines of credit, and tax credit equity, working alongside LISC affiliate National Equity Fund.
Specifically, the Senior CDO for Housing will:
- Source investment and development opportunities; build a robust pipeline of affordable housing real estate deals for closing and execution by the Senior CDO and other LISC staff.
- Work with LISC NYC senior management to develop strategic collaborations with public sector agencies at the local, state, and federal levels that leverage LISC’s capabilities and national platform.
- Provide project-specific analysis, deal structuring assistance, and underwriting support for affordable multifamily rental housing transactions.
- Coordinate internal and external relationships that are critical to LISC NYC’s housing strategy, including LISC NYC housing staff, national LISC housing staff, originators of Low Income Housing Tax Credit transactions via LISC affiliate National Equity Fund, financial institutions and other program partners.
- Oversee implementation of LISC NYC technical assistance program to make health, energy, and water efficiency upgrades to affordable housing; coordinate strategic partnerships with NYC HPD, NYC DOHMH, NYSERDA, utilities, philanthropic partners and others to advance LISC NYC’s leadership at the intersection of housing and health.
- Market LISC NYC’s financial and technical assistance resources.
- In collaboration with Executive Director and the LISC NYC Housing team, develop a strategic business plan to more fully define LISC NYC’s unique role in the affordable housing sector and identify opportunities for earned revenue.
- Bachelor’s degree in business, finance, real estate or related fields. Master’s degree preferred.
- At least 7 years of demonstrated experience with housing and community development and/or multifamily real estate development is preferred, including project financing; market analysis; deal structuring; and financial analysis.
- Strong understanding of community development financial models, including but not limited to low income housing tax credit investments and federal, state and city subsidy programs.
- Experience building and maintaining relationships with senior level government officials, including federal, state and city government, especially within the New York City Department of Housing, Preservation and Development and New York State Homes & Community Renewal.
- Strong oral and written communication skills and comfort with speaking in diverse public forums.
- Entrepreneurial spirit and ability to work independently on multiple tasks and projects, prioritizing a challenging workload.
- Ability to work collaboratively with others. Flexibility and poise in dealing with a diverse range of individuals and organizations.
LISC offers a competitive salary and excellent benefits.
Please send cover letter and resume via e-mail to:
501 Seventh Avenue, 7th Floor
New York, NY 10018
LISC IS AN EQUAL OPPORTUNITY EMPLOYER COMMITTED TO DIVERSITY AND INCLUSION