Relationship Manager, Community Development Finance, Santander Bank
The Community Development Finance (CD Finance) Relationship Manager will be responsible for originations and relationship management of Community Reinvestment Act (CRA) qualifying loans and investments in support of low income housing tax credit (LIHTC) projects, Small Business Investment Companies, New Markets Tax Credits, and community development financial institutions (CDFIs) for Santander Bank, N.A.’s CRA Program. The RM will conduct financial analysis and due diligence on potential loans and investments, prepare committee approval packages, and work with legal counsel to manage the closing process for the Bank’s growing community development portfolio. This position provides support to the CD Finance Director and works in partnership with CD Finance Portfolio Management.
PRIMARY DUTIES & RESPONSIBILITIES
- Conduct due diligence analysis on potential community development loans and investments throughout the Bank’s footprint. Perform site visits to lending opportunities 20%
- Conduct financial modeling to evaluate the structure of community development loans and investments. Coordinate reviews with internal partners 15%
- Prepare committee materials for review and approval. Assist with the coordination of internal reviews and approvals with internal departments 25%
- Work with internal and external counsel to achieve timely closing of transactions 20%
- Coordinate new client onboarding with Operations, CD Finance Portfolio Management Team and third party vendors. Collect new client onboarding documents 10%
- Assist with outreach for new relationships. Maintain lead database and prepare pipeline reports on potential transactions 10%
BFC Partners is a full service real estate firm with over 30 years experience acquiring,developing, and rehabbing affordable and market-rate housing. BFC has concluded over $3B in acquisition and development projects. BFC Partners, is seeking a full time Development Associate to manage existing projects in our pipeline, including a large scale mixed-use project in Brooklyn, NY.
Summary of Position:
The Development Associate is responsible for overseeing the development of certain multifamily and mixed-use real estate projects with a focus on planning, entitlement, financial analysis, and overall management of the development process from inception
to stabilization. A successful candidate is expected to concurrently and successfully manage multifaceted tasks for multiple projects with short deadlines.
Principal Duties and Responsibilities:
- Working hand-in-hand with the Executive Director of Development, lenders, and equity partners to underwrite new development opportunities including identifying market-specific economic and demographic data, affordable housing finance programs, rental comparable information, construction cost estimates, and various entitlement issues.
- Overseeing and implementing all facets of the development process including planning, design, entitlement, construction and lease-up of the projects.
- Managing entitlement process and interfacing with community, government and elected
- Negotiating business deals with buyers, sellers, lenders, tenants, consultants, contractors, neighboring property owners, and others.
- Thoroughly reviewing civil, architectural and interior design plans to drive quality and cost effectiveness.
New Destiny Housing Corporation, a not-for-profit with the mission of providing housing and services to low-income domestic violence survivors and others at risk of homelessness, is seeking a Project Manager to oversee the development of new residential real estate projects. The candidate will report to the Director of Housing Development.
Coordinates all elements of project development:
- Project concept development
- Design development
- Proposal writing
- Prepares financial analysis and projections
- Formulates funding strategy
- Coordinates the development team – architects, engineers, legal team, funders, contractors
- construction administration
- Prepares for loan closings
With residents and partners, LISC forges resilient and inclusive communities of opportunity across America – great places to live, work, visit, do business and raise families. Over the last 38 years, LISC and its affiliates have invested approximately $20 billion in businesses, affordable housing, health, educational mobility, community and recreational facilities, public safety, employment and other projects that help to revitalize and stabilize underinvested communities. These investments have leveraged more than $50 billion in development activity and helped families and communities raise their standards of living. LISC investments impact the lives of nearly 7 million Americans. Headquartered in New York City, LISC’s reach spans the country from East coast to West coast in 31 markets with offices extending from Buffalo to San Francisco. Our rural programs make an impact in 44 states, and are
supported by LISC’s talented and dedicated workforce.
The New York City Department of Housing Preservation & Development (HPD) is the nation’s largest municipal housing preservation and development agency. Its mission is to promote quality housing and diverse, thriving neighborhoods for New Yorkers through loan and development programs for new affordable housing, preservation of the affordability of the existing housing stock, enforcement of housing quality standards, and educational programs for tenants and building owners. HPD is tasked with fulfilling the Mayor’s Housing New York: A Five-Borough Ten-Year Plan to create and preserve a newly accelerated goal of 300,000 affordable units for New Yorkers at the very lowest incomes to those in the middle class by 2026.Read more
The Osborne Association has embarked on a real estate development project to convert a shuttered prison into a Community Reentry Center. This groundbreaking project will be the first in the country to repurpose a prison into a beacon of transformation for both those returning from jail and prison but also for the community. The building will provide 135 beds of transitional reentry housing as well as job-readiness and workforce training, permanent housing placement, and a catering social enterprise.
With the funding for the project in place, the Director of Special Projects will guide the organization through the next steps of completing all funding and financing agreements and contracts, and lead us through the construction phase to the launch of the reentry center. As a corollary to the real estate development, the Director will lead the organization’s activities with respect to our relationships with elected officials including coordinating discretionary funding requests, developing and maintaining relationships with our elected officials, and coordinating activities with Osborne’s Policy Center and Communications team. We seek a strong leader to direct all these efforts.
Project Manager, Development
Area of Talent: Development/Affordable Housing
Position Type: Full Time/Exempt
Location: NYC/Wall Street Area
The New York City Housing Development Corporation (HDC) is a public benefit corporation and the nation’s largest municipal Housing Finance Agency. HDC’s programs support the construction and preservation of multi-family affordable housing in New York City. HDC is an equal employment opportunity employer.
The Project Manager, Development reports to the Senior Vice President, Development and is responsible for originating and underwriting mortgage loans using funds raised through bond issuances and/or allocations of corporate reserves.
- Underwrite mortgage loans (analyze loan proposals; review due diligence materials; prepare spreadsheets outlining each proposal; prepare credit memos; present loans to Credit Committee for approval).
- Coordinate mortgage loan closings with internal and external parties, including developers, other City agencies, bankers, bond underwriters and tax credit syndicators.
- Manage relationships with current and prospective developers/borrowers.
- Prepare management reports and loan tracking information.
- Assist in evaluating and/or formulating affordable housing program and policy initiatives.
Community Lending and Investment – Tax Credit Asset Manager 2 or 3
Job ID # 5414412(AM2) or # 5414418 (AM3)
At Wells Fargo, we want to satisfy our customers’ financial needs and help them succeed financially. We’re looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you’ll feel valued and inspired to contribute your unique skills and experience.
Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.
Wholesale Banking provides financial solutions to businesses across the United States and globally. Our nine major business lines include Business Banking, Middle Market Banking, Government and Institutional Banking, Corporate Banking, Commercial Real Estate, Financial Institutions Group, Wells Fargo Commercial Capital, Wells Fargo Securities, and the Investment Portfolio. We also have groups in credit risk, group risk, finance, marketing, human relations, and the Wholesale Chief Operating Office that support our businesses.
Wholesale Commercial Real Estate (WCRE) operates throughout the United States, as well as Canada and the United Kingdom, to deliver a comprehensive platform of financing and banking products for experienced commercial real estate companies including balance sheet lending, CMBS origination and distribution, loan servicing, agency financing for multifamily properties, and debt and equity capital for affordable housing.
Community Lending and Investment (CLI) is responsible for investing debt and equity capital for economic development, job creation and affordable housing in areas of need nationwide. The vertically integrated group offers a suite of debt and equity products, including Low Income Housing Tax Credits, New Market Tax Credits, construction finance and permanent finance for affordable housing, and Charter School Finance, serving for-profit and non-profit developers and other organizations.
Community Lending & Investment specializes in helping developers and investors take advantage of tax credit opportunities by investing in Low Income Housing Tax Credits (LIHTC) for multifamily apartments and Historic Tax Credit properties. For more than 20 years, Wells Fargo has been investing in tax credits and is one of the few banks active in both direct and fund equity investments, increasing our opportunity to provide developers with needed capital.
HPD’s Inclusionary Housing program seeks a Project Manager to join our dynamic team. The Inclusionary Housing division is part of HPD's Office of Development, which plays a key role in the implementation of the Mayor’s Housing New York 2.0 plan. The Inclusionary Housing division reviews and approves Inclusionary Housing (IH) projects containing permanently affordable housing, as well as Cure projects. (In certain areas where harassment of tenants has occurred, owners are required to cure the harassment by providing low-income units as a percentage of the residential or hotel floor area.)
Under the direction of the program’s Executive Director and Deputy Director, the Project Manager manages a portfolio of affordable housing projects from pre-development through completion of construction. The primary role of the Project Manager is to facilitate the development of permanently affordable housing that is financially feasible and compliant with the New York City Zoning Resolution. To do so, she or he will interact with a variety of public and private partners on complex multi-family real estate transactions in both the Voluntary IH and Mandatory IH programs. All Project Managers in Inclusionary Housing are expected to perform similar duties and responsibilities to ensure a flexible and multi-disciplined team. In closing on IH transactions, Project Managers collaborate with other NYC agencies, including the Department of City Planning, as well as with state agencies, for- and non-profit housing and community developers, Community Boards and local organizations, and public officials.
The New York City Department of Housing Preservation & Development (HPD) is the nation’s largest municipal housing preservation and development agency. Its mission is to promote quality housing and diverse, thriving neighborhoods for New Yorkers through loan and development programs for new affordable housing, preservation of the affordability of the existing housing stock, enforcement of housing quality standards, and educational programs for tenants and building owners. HPD is tasked with fulfilling the Mayor’s Housing New York: A Five-Borough, Ten-Year Plan to create and preserve 300,000 affordable units for New Yorkers at the very lowest incomes to those in the middle class.
The Division of Inclusionary Housing is part of HPD's Office of Development, which plays a key role in the implementation of the Mayor’s Housing New York plan. The Inclusionary Housing unit reviews and approves Inclusionary Housing (IH) projects containing permanently affordable housing, as well as Cure projects. In certain areas where harassment of tenants has occurred, owners are required to cure the harassment by providing low-income units as a percentage of the residential or hotel floor area.
HPD's Inclusionary Housing unit is seeking an experienced Executive Director of Inclusionary Housing to help manage our growing team and pipeline, under the direction of the Associate Commissioner of Housing Incentives. The Executive Director of Inclusionary Housing will be an individual with specialized planning, zoning, policy, analytical, underwriting and negotiating skills, essential to supporting the Associate Commissioner in addressing the increased volume of requests to perform complex financial analyses on private re-zonings and special projects that are seeking City subsidy. The IH program deals with complex policy and financial issues at a rapid pace. This fast-paced program requires an individual that can handle all aspects of the program effectively while assisting in training new staff and implementing new ideas in order to facilitate the development of permanently affordable housing that is financially feasible and compliant with the New York City Zoning Resolution.
The Executive Director will guide and oversee all Inclusionary Housing transaction activities, interact with a variety of public and private partners on complex multifamily real estate transactions, and provide key support to the program during a time of growth. A successful candidate will demonstrate experience managing program growth and expansion.