Local Initiatives Support Corporation

Local Initiatives Support Corporation

Program Officer, Lending

Hybrid; Kansas City, Missouri, United States

Sponsorship not specified$80k-$100kDetected 30 days ago
BudgetingExcelCommunicationMicrosoft OfficeUnderwriting

About the role

  • Position Description LISC Greater Kansas City seeks a self-motivated and skilled lending professional passionate about affordable housing, economic development, and strengthening communities for a Program Officer (PO) position.
  • This individual will be responsible for coordinating the deployment of LISC loan capital to communities experiencing lower incomes and for developers and entrepreneurs who have previously experienced challenges accessing capital.
  • We will endeavor to make a reasonable accommodation to the known physical or mental limitations of a qualified applicant with a disability unless the accommodation would impose an undue hardship on the operation of our business.

Responsibilities

  • Originate, structure, and underwrite financing requests for real estate projects that create more affordable housing, commercial development and small business support in the Kansas City region.
  • This will include identifying project opportunities, providing technical assistance to potential borrowers, vetting of projects, structuring financing to meet their needs, and developing and maintaining key relationships and partnerships with non-profit and for-profit affordable housing and community developers.
  • Manage closing process with in-house and external counsel.
  • Manage the deployment of capital and reporting to funders on local revolving loan funds, such as the KC Predevelopment Fund, NE Preservation Fund, and additional funds under development.
  • Lead the origination and deployment of capital from the KC Regional Housing Fund in coordination with the Executive Director, LISC colleagues from affiliates and/or national Lending staff, as well as partners involved with the Regional Housing Partnership.
  • Work with community development partners to help them craft financing strategies, access public subsidies, and secure private financing to assure successful project execution.
  • Develop and implement a local lending strategy which responds to unmet needs in the housing, commercial, and small business markets and work with other LISC staff to design appropriate programs, applications, and collateral.
  • Coordinate internal and external relationships that are critical to the growth of the office's lending portfolio including relationships with LISC national and local staff, originators of LIHTC and NMTC transactions via LISC affiliates, including NEF, Broadstreet, LFM, as well as coordinate with financial institutions and other program partners.
  • Develop strategic collaborations with public sector agencies at the local level.
  • Support LISC national and local staff's small business lending initiatives.

Requirements

  • A successful candidate will have the following expertise and experience:
  • Knowledge of financing products, such as predevelopment, acquisition, construction, bridge and permanent loans
  • Understanding of, and experience with community development financial tools, including but not limited to LIHTC, NMTC, tax-exempt bonds, and federal, state, and city subsidy programs, including HUD programs.
  • Must be highly detail-oriented and possess excellent interpersonal skills, as well as strong verbal and written communication skills.
  • Must be able to embrace and promote a culture of individual and shared trust and accountability - internally and externally.
  • Ability to work collaboratively with co-workers and representatives from the nonprofit, philanthropic, public, and corporate sectors and operate in a small team setting.
  • Experience working with complex non-profit or for-profit data and financial management systems, including program and case management, budgeting, grants and contract management.
  • Proficiency in Microsoft Office suite, particularly Microsoft Excel, is strongly encouraged.
  • Bachelor's degree from an accredited college or university with a concentration in Business, Finance, Real Estate, Planning, Community Development, Urban Studies or related fields/equivalent experience. Master's degree preferred.
  • Minimum 5 years of relevant work experience in lending, finance, affordable housing, community development, nonprofit management, or related field, with demonstrated experience in housing real estate development, including project financing, market analysis, deal structuring, and financial analysis.
  • Highly motivated, solution-oriented, entrepreneurial individual who is self-directed, and able to successfully balance multiple priorities and tasks, be flexible, and work in a fast-paced environment, while contributing to a positive and productive work culture.
  • lines of credit
  • tax credit equity
  • and program related investments.
  • Demonstrated commitment to working with residents in all communities and a strong commitment to achieving shared prosperity in the region.
  • Ability to manage multiple, complex projects and transactions at various stages and coordinate with multiple internal and external parties to meet approval and closing time frames and deadlines. Must work well under pressure, seek and synthesize information.

Nice to have

  • Bachelor's degree from an accredited college or university with a concentration in Business, Finance, Real Estate, Planning, Community Development, Urban Studies or related fields/equivalent experience.
  • Master's degree preferred.
  • Working knowledge of the economic, political, and social environments of the Kansas City region, especially neighborhoods experiencing lower-incomes, organizations, and community development efforts is a plus.

Compensation

  • LISC offers a competitive salary ($79,683-$99,604) and excellent fringe benefits.
  • Referral Program: Earn rewards for referring qualified candidates to join our team
  • Professional Development Opportunities: Grow and advance in your career with access to ongoing training and development programs tailored to your goals.

Benefits

  • 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.

Equal opportunity

  • Grow and advance in your career with access to ongoing training and development programs tailored to your goals.
  • LISC is an equal opportunity employer.
  • LISC does not discriminate in employment on account of actual or perceived race, color, creed, religion, national origin, ancestry, citizenship status, age, sex or gender (including pregnancy, childbirth, lactation and related medical conditions), gender identity or expression (including transgender status), sexual orientation, marital status, military status or veteran status, unfavorable discharge from military service, physical or mental disability, protected medical condition as defined by applicable state or local law, genetic information or any other characteristic protected by applicable federal, state or local laws and ordinances.

Visa & Work Authorization

  • t discriminate in employment on account of actual or perceived race, color, creed, religion, national origin, ancestry, citizenship status, age, sex or gender (including pregnancy, childbirth, lactation and related medic
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