Associate Community Investment Officer, New Markets Tax Credits

CORPORATION FOR SUPPORTIVE HOUSING•New York, NY

1d•$70,000 - $98,500•Hybrid

About The Position

For over 30 years, CSH has changed the lives of people who have been marginalized and are our most vulnerable neighbors by: Helping communities create over 467,600 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; and Ensuring not only a stable home for each, but access to the services that brought healthcare, recovery and training to their doorsteps. CSH has proven supportive housing can change the lives of individuals, families, and communities. We have created a team of nationally recognized experts who are deeply dedicated to our organization and its goals. We attract talented and diverse individuals, offer competitive salaries and benefits, generous leave and PTO, and fully embrace the philosophy that work-life balance is achievable. CSH is now accepting applications for an Associate Community Investment Officer, New Markets Tax Credits (NMTC ACIO) to join our Community Investment (CI) Team. Why we need you: CSH is seeking a results-oriented individual committed to sharing their talent to lead efforts to expand housing and services for highly impacted populations. To date, CSH has received $570M in NMTC allocations in eleven application rounds. We use our NMTCs to invest in real estate projects that will provide healthcare and supportive services to extremely low-income members of the community with chronic health challenges. CSH’s NMTC investments include on-site supportive housing or connect those in need to supportive housing. This position may be performed in an office full-time, hybrid or fully remote depending on proximity of CSH office and preference of the employee. You will report to CSH’s Senior Community Investment Officer, NMTC, based in Washington D.C./Remote. All staff must live within close proximity to a major airport and within our current geographic footprint. Periodic national travel will be required. Please identify location in your application.

Requirements

A minimum of 3 years of experience in real estate development, finance, and/or non-profit lending is preferred.
Bachelor’s degree preferred (not required). Experience may substitute for education.
Interest in issues related to supportive housing including homelessness, affordable housing development, public finance, public housing, community development/planning, or support service programs that address mental illness or substance use issues.
Success in project management and demonstrated ability to manage multiple assignments to successful completion with external and self-imposed timelines.
Strong analytical, interpersonal, presentation, and communication skills with an ability to present to diverse stakeholders.
Strong computer skills including Microsoft Office 365, including SharePoint and Teams. Experience with video conference, Salesforce and database applications a plus.

Nice To Haves

Experience underwriting and/or closing investments in community health center and/or other social service programs is a plus but is not required.
Familiarity with government funding for community development and affordable/supportive housing programs a plus. Prior experience with New Markets Tax Credits is also a plus but not required.
Experience with video conference, Salesforce and database applications a plus.

Responsibilities

Assist with feasibility analysis and underwriting, including reviewing real estate due diligence and identifying risks.
Perform financial statement analysis.
Support analysis of community impacts of potential projects and alignment with CSH’s NMTC investment strategy; Support preparation of materials for approval from CSH’s NMTC Advisory Board, and internal and board credit committees.
Manage transaction checklists for underwriting and closing processes.
Coordinate closing process and document review with external counsel, consultants, and NMTC deployment and asset management teams.
Support the drafting of key impact reporting documents, including Community Benefits Agreements, Multi-CDE Reporting Forms, and Better Rates and Terms Letters.
Support the screening of new NMTC opportunities; Support maintenance and reporting of a pipeline of potential investments.
Manage online filing systems for transactions and pipeline.
Assist in the preparation of CSH’s annual NMTC application to the CDFI Fund.
Assist in the design of technical assistance and other support to project sponsors that improve connection of investments to supportive housing tenants.
Cultivate and maintain positive working relationships with project sponsors/borrowers, investors, co-lenders, and other external NMTC partners, including consultants, attorneys, and tax accountants.
Support drafting of project summaries and other marketing materials for CSH’s website and general distribution.
Represent CSH at conferences, trainings, and events; Support presentations to internal and external audiences.