LISC is one of the country’s largest community development organizations, helping forge vibrant, resilient communities across America. 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.

POSITION DESCRIPTION

LISC Bay Area is seeking a collaborative and passionate leader to join our team as Director of Community Investment. The LISC Bay Area team takes a bold and joyful approach to our work to support local communities in creating prosperity and well-being – defined in their terms. We bring the tools of community development – mobilizing funds, cultivating partnerships, and deepening capacity – in the areas of economic development and housing to support the self-determination of communities that have been historically prevented from accessing investment and opportunity.
The Director will report to the Executive Director and will work closely with members of LISC Bay Area, in partnership with LISC National teams, to develop new capital products, structure and underwrite loans, and provide technical assistance and expertise to community partners. The Director will handle the full range of lending activities, including business development, structuring, underwriting, and closing of Bay Area loans, in concert with LISC National Lending and Legal department staff. This person will be responsible for developing and managing LISC Bay Area’s lending pipeline, and managing LISC Bay Area’s lending programs, including PLUS, the Catalyst Housing Fund, and the Family of Loan Funds.
The candidate will have ten or more years of experience with community development and investment. The ideal candidate brings a breadth of experience, including not only technical skills in organizing or deploying capital, but also experience providing technical assistance to community organizations and real estate projects, working in underinvested communities and building relationships. The ideal candidate brings a deep passion for and commitment to supporting community self-determination.

QUALIFICATIONS

• Minimum eight (8) years of demonstrated and increasingly progressive experience in the field of community development and affordable housing, including lending and investment roles. Interest and experience in supervision a plus.
• Highly motivated, solution-oriented individual who is self-directed, and able to successfully balance multiple priorities and programs.
• Bachelor’s degree from an accredited college or university in Community Development, Urban Planning, Finance, Business Administration, Public Policy, or related field. Master’s Degree a plus.
• Ability to work collaboratively with others and demonstrate flexibility and poise in dealing with a range of individuals and organizations.
• Understanding of underwriting issues with respect to affordable housing, commercial development and community facilities and/or small business; and experience in transaction structuring and underwriting, including ability to analyze financial statements, project development budgets, and project operating pro formas.
• Experience working with city, county, state and federal financing programs available to support community projects.
• Familiarity with the real estate markets in the Bay Area and California.
• Demonstrated commitment to working with traditionally underserved, working class, or other underinvested communities. Familiarity with navigating various cultural contexts.
• Demonstrated ability to manage multiple complex transactions at various stages and coordinate with multiple internal and external parties to meet approval and closing deadlines.
• Excellent writing and verbal communication skills.
• Proficiency in Microsoft Office suite, particularly Microsoft Excel.

OTHER RESPONSIBILITIES (10%)

• Prepare reports and present to LISC Bay Area’s Local Advisory Committee.
• Represent LISC at external meetings, conferences and events.
• Periodic evening and weekend work to accommodate our local stakeholders. Interested candidates must be comfortable traveling and working within a wide range of neighborhood and professional settings.
• Other duties as assigned.