The professionals at Greenwich Street Community Capital (“GSCC”), a dedicated subsidiary of Situs Group, underwrite and close construction and permanent loans that are used to finance the new construction and preservation of affordable and workforce rental housing for Citi Community Capital (“CCC”). CCC is the community lending and investing arm of Citigroup, housed in the Municipal Securities Division of Citi’s Institutional Clients Group. Unique among its peers, CCC provides a comprehensive array of financial products from investment banking to lending and equity investment designed to create strong communities and contribute toward Citigroup’s Community Reinvestment Act performance. Employees of GSCC are fully integrated with Citi employees at Citi locations.
CCC works with for-profit and non-profit developers, as well as state and local government agencies on both straightforward and highly structured transactions that may use a combination of taxable and tax-exempt loans or bonds, Low Income Housing Tax Credit equity, and governmental and private subsidies. The projects we finance serve the homeless, seniors, those with disabilities, as well as low income families and individuals. They may also include workforce housing or market rate units and other commercial uses. We are among the largest Fannie Mae and Freddie Mac mortgage bankers in this sector in addition to being a balance sheet lender.
We work throughout the country from 13 offices and, according to Affordable Housing Finance Magazine, have been the #1 affordable housing lender in the United States in each of the past seven years. That success is due in large part to having the strongest, most innovative team of professionals in the country. With Citi’s capital committing capability and team of experienced professionals, we are able to provide creative financing solutions that are specifically designed to meet each client’s needsRead more
National Equity Fund, Inc. (NEF), is a leading non-profit syndicator of low-income housing tax credits, is seeking an Asset Manager for our New York City office. The Asset Manager will be responsible for all property and asset management issues from development of the investment proposal throughout the life of the lower tier partnership to ensure the continuous delivery of tax credit benefits and projected passive losses. Analyze financial feasibility of investment proposals from the standpoint of property and asset management. Coordinate with other Team members to review and analyze all transactional plans related to on-time delivery of units and long-term operating success. Oversee the financial analyses, documentation, database maintenance and other work outputs of the asset analyst. Continually assess project and partnership risk factors as they pertain to compliance with Section 42 (LIHTC) provisions. Along with fellow team members, LISC and other intermediaries, duties also include establishing strong, productive working relationships with project sponsors, lenders, municipal and allocating agencies. Focus is needed on the continuous need to maintain project development files and project data.Read more
The Corporation for Supportive Housing is seeking an enthusiastic, results-oriented individual. The Portfolio Manager will be responsible for developing analyses, forecasting, and transactional and portfolio reporting while also performing the day-to-day activities related to managing and closing loans. Reporting directly to the Chief Financial Officer, this position is located in CSH’s New York Office.The Organization:
For over 25 years, CSH has been a game-changer for the most vulnerable people in our country:
-Helping communities create 200,000 homes for individuals and families who did not have one;
- Bringing hope to thousands who thought they would live on the streets or reside in institutions forever;
- Ensuring not only a stable home for each, but access to the services that brought healthcare, recovery and training to their doorsteps;
The Acquisitions Associate will assist in managing the evaluation, acquisition, and, in some cases, rehabilitation of existing affordable housing properties throughout the United States. CDT forms joint ventures with experienced affordable housing operators to acquire and preserve existing income- and rent-restricted (LIHTC, Section 8, etc.) properties. The primary responsibility for the Acquisitions Associate will be to quickly analyze and underwrite potential investment opportunities and provide CDT’s Community Investments staff with feedback on the potential risks and benefits of each opportunity. For approved investments, the Acquisitions Associate will coordinate with various departments at CDT
to ensure a successful closing.
The Director of Finance (Housing) is a senior financial position responsible for the timely and accurate communication of affiliate-related housing fiscal information while ensuring the integrity of the financial compliance processes and systems for all housing-affiliated corporations.
The Director of Finance (Housing) accomplishes these tasks by monitoring the regulatory compliance of all affiliated housing entities including Housing Development Fund Companies (HDFCs) and affiliated Limited Liability Companies (LLC’s), and by communicating with stakeholders including investors, affiliate Boards, staff, government agencies, service providers such as Catholic Charities Community Services of the Archdiocese of New York (CCCS), property management agents and legal counsel.
The Housing-related entities of the Archdiocese include the Association of NY Catholic Homes (ANYCH), which provides oversight to Archdiocesan-related housing companies and the NY Institute for Human Development (IHD), which aids in the creation, survival, and growth of community-based organizations through a broad range of technical assistance, consulting services and financial support. The Archdiocesan-related housing program includes twelve (12) HDFC’s which own and manage more than 2,200 low income housing units. In addition, approximately 1,000 units of low income family and senior housing units throughout the Archdiocese are under construction or in the pipeline for development.Read more
Alloy Development is seeking an Equity Officer for the proposed development at 80 Flatbush. 80 Flatbush is a large, mixed‐use project in Downtown Brooklyn that involves the development of two public schools, 900 units of affordable and market‐rate housing, a cultural institution, commercial office and retail space. Alloy, the developer and architect of the project, believes the scale of the project affords the opportunity to establish best‐in‐class practices for equitable development. Alloy has established the below principals for equitable development at 80 Flatbush:
1) To commit to inclusivity, fairness and social equality in all project outreach and benefits.
2) To increase locally and diversity‐based opportunities in project contracting and employment.
3) To create long‐term sustainability of these principals.
Camber Property Group is a real estate development firm focused on the construction and preservation of affordable housing in the New York City metropolitan area.Camber’s mission is to provide for thoughtful, community-oriented housing solutions which synthesize the needs of local stakeholders, private partners, and the overarching goals of the City’s housing policies in order to create sustainable, integrated buildings. Camber’s core belief is that in doing right by partners and stakeholders, we can solve problems, create healthy communities, and have fun doing so. Its principals have 15+years of experience in the acquisition and development of affordable, market rate and mixed-income properties in NYC. For more information, visit www.camberpg.com.
The firm is seeking a development Project Manager to join its growing team. The ideal candidate enjoys working in a dynamic, fast-paced environment and enjoys solving problems, and generally participating in all facets of the development process.
The Asset Manager is responsible for managing a portfolio of loans, which may include the management of troubled loans as well. In particular, the Asset Manager will provide support to Loan Fund’s operations by working closing with the Loan Fund’s Chief Credit Officer (CCO) and Loan Officers to manage relationships with our customers and closely monitor the performance of the loan and underlying project. From time to time, the Asset Manager will be asked to assist the Loan Fund’s Loan Officers with specific underwriting tasks (i.e. financial statement analysis).Read more
Southside United HDFC (Los Sures) is seeking a Senior Project Manager to join our team of housing and community development professionals. The Senior Project Manager will report directly to the Director of Housing Development. The department plans and directs all activities of Los Sures’ real estate and community planning initiatives. Los Sures is a highly regarded not-for-profit community-based organization serving northern Brooklyn with a portfolio of affordable residential housing and a pipeline of new development projects.Read more
The Director of Housing Development is a full time position that, under supervision of the Executive Director, plans, coordinates, and directs all activities of Los Sures’ Development Department staff and consultant team, including architects, engineers, construction contractors, attorneys, and financial consultants integral to the affordable housing development process. Tasks cover a wide range and include project programming and design, site acquisition, underwriting, financing, construction administration, and operation start-up. In addition to supervising all housing development staff, the Director participates on the agency Management Team, initiates new development projects and supervises existing ones. The Director coordinates development policy issues with the Executive Director.Read more