Senior Program Officer, Lending and InvestmentWhat We DoWith residents and partners, LISC forges resilient and inclusive communities of opportunity across America - great places to live, work, visit, do business and raise families.Position DescriptionThe Massachusetts office of Local Initiatives Support Corporation (LISC) seeks a skilled and experienced housing lending professional with a passion for strengthening underserved communities through innovative housing finance strategies to fill the position of Senior Program Officer for Lending & Investment. The Senior Program Officer will help lead LISC Massachusetts' strategic priorities related to building and preserving affordable housing and support efforts to decarbonize the state's housing stock through direct lending, technical assistance to affordable housing developers, and statewide housing policy advocacy. This position reports to the local Executive Director.Responsibilities
- Loan Origination, Underwriting, and Closing:
- Serve as the primary business developer and originator of loans for new and existing multifamily affordable housing, rental housing, homeownership opportunities, and occasionally commercial properties, small businesses, and community facilities.
- Underwrite lending transactions including acquisition loans, predevelopment loans, construction loans, and mini-permanent and permanent loans, and bridge financing for new and existing affordable housing projects, including projects focused on decarbonizing housing units.
- Perform credit analysis, including analyzing borrower financial and operating performance, project financial performance, borrower management capacity, and project feasibility. Provide technical assistance to borrowers and prospective borrowers.
- Conduct due diligence and financial analysis, draft credit memoranda, present loans to credit committee, manage closing process with counsel, and work with Asset Management on post-closing borrower and project management.
- Strategic Program Development:
- Design or refine debt and equity products to meet need and market.
- Collaborate with LISC's Green Homes program staff on lending products focused on affordable housing decarbonization projects.
- Coordinate with municipalities and state agencies to advance LISC Massachusetts' strategic priorities and execute lending activity utilizing strategic housing funds.
- Develop key partnerships and maintain relationships with other local community development financial institutions (CDFIs) and LISC affiliates.
- Business Development:
- Leverage stakeholder and client relationships to build a pipeline of affordable housing and other lending opportunities.
- Build systems and strategies for deploying and marketing products to drive loan and investment activity.
- Maintain internal relationships with LISC Lending and other national and local staff.
- Reporting & Communications:
- Prepare reports and presentations for investors, funders, and other stakeholders as needed.
- Create content and strategic messaging regarding the impact of LISC's lending and investment activity.Qualifications
- Bachelor's degree from an accredited college or university required; Master's degree preferred.
- At least five (5) years of experience in lending, finance, community development or related field.
- Familiarity with the Massachusetts housing market.
- Knowledge of financing products such as predevelopment, acquisition, construction, bridge and permanent loans.
- Demonstrated ability to manage multiple, complex transactions and programs.
- Strong understanding of housing finance policies and strategies.
- Excellent writing, financial analysis, and verbal communication skills required.
- Full proficiency in Microsoft Office suite, particularly Microsoft Excel.Work ArrangementHybrid - LISC Massachusetts operates on a hybrid schedule.CompensationLISC offers a competitive salary of $104,000 - $127,500 and excellent fringe benefits.LISC is an equal opportunity employer committed to diversity, equity, inclusion, and justice.Apply for this job #J-18808-Ljbffr