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LISC’s Boston office seeks a full-time Program Officer who will support lending and investment related to our housing and economic conditions in distressed neighborhoods. LISC Boston works with CDCs, nonprofits and community-based entrepreneurs throughout Greater Boston and Massachusetts to finance affordable multi-family rental housing, homeownership opportunities, commercial properties, small businesses and community facilities.
Loan Origination, Underwriting and Closing. Underwrite lending transactions including pre-development loans, acquisition loans, construction loans, commercial and community facility transactions, small business enterprise loans, tax-exempt bond and low-income housing tax credit transactions. Perform credit analysis, including analyzing borrower 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 and manage closing process with counsel.
Strategic Program Development. Work with LISC staff to develop and implement programs that apply LISC’s technical assistance and financing capabilities to solve critical challenges identified through LISC Boston’s outreach, policy engagement, stakeholder relationships and strategic planning process. Develop or tailor debt and equity products to need and market, build systems for deploying and marketing products.
Business Development. Build a pipeline of projects in such asset classes as affordable housing, community facilities, educational facilities, commercial developments and economic development to drive loan and investment activity and community impact. Collaborate with LISC affiliates on New Market Tax Credit, Low Income Housing Tax Credit investments and SBA lending. Build and maintain relationships with existing and new stakeholders and clients.
Policy Engagement. Manage key relationships with public and private sector partners. Work closely with state and local government to develop projects across all of LISC Boston’s lending and investment programs. Represent LISC as an expert on community development lending and share best practices at conferences, trainings, and events.
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 and otherwise support LISC Boston’s communications channels and strategies.
Responsibilities for this position will evolve with LISC’s lending and investment strategy, and a desire to engage creatively and flexibly is valued. LISC Boston works collaboratively across programs to drive impact. Each team member seeks to be broadly knowledgeable about all of LISC’s work and prepared to take on assignments outside of her or his primary area of responsibility as requested.
Please send cover letter and resume via email to: Marilyn Sanchez, Office Manager
LISC IS AN EQUAL OPPORTUNITY EMPLOYER
COMMITTED TO DIVERSITY AND INCLUSION