What We Do
With residents and partners, LISC forges resilient and inclusive communities of opportunity across America - great places to live, work, visit, do business and raise families.
Strategies We Pursue
- Equip talent in underinvested communities with the skills and credentials to compete successfully for quality income and wealth opportunities.
- Invest in businesses, housing and other community infrastructure to catalyze economic, health, safety and educational mobility for individuals and communities.
- Strengthen existing alliances while building new collaborations to increase our impact on the progress of people and places.
- Develop leadership and the capacity of partners to advance our work together.
- Drive local, regional, and national policy and system changes that foster broadly shared prosperity and well-being.
Since 1979, LISC and its affiliates have invested approximately $29.7 billion in businesses, affordable housing, health, educational mobility, community and recreational facilities, public safety, employment, and other projects that help to revitalize and stabilize underinvested communities.
Headquartered in New York City, LISC's reach spans the country from East coast to West coast in 38 markets with offices extending from Buffalo to San Franciscoand in 2,400 rural counties across 49 states and Puerto Rico.
Visit us at www.lisc.org
LISC LA is one of 37 local offices of the Local Initiatives Support Corporation, a national CDFI that forges resilient and inclusive communities of opportunity across America- great places to live, work, visit, do business, and raise families.
For over 30 years, LISC LA has worked with local partners and residents to invest nearly $1B in small businesses, housing, health, education, public safety, and employment.
LISC LA champions strategies that promote equity and economic inclusion in low-income communities of color across LA County.
Position Description
LISC Los Angeles is seeking a skilled and experienced leader with a passion for strengthening communities through effective and thoughtful lending, technical assistance, project management, and related activities.
This position will primarily support three areas of activity within the LISC LA office : affordable housing lending, small business lending and strategic programs related to the development and preservation of affordable housing.
The Director of Lending and Investments is responsible for the origination, underwriting, closings, and ongoing management of LISC's Los Angeles housing and small business portfolios.
The Director manages a staff of underwriters, housing program officers, and business development specialists tasked with building loan pipeline for LISC LA's housing and small business lending programs.
The Director of Lending and Investments will also screen and structure transactions, evaluate credit risk, and manage the due diligence as part of the underwriting process.
The Director of Lending and Investments leads the execution of a local lending strategy to meet annual LISC LA goals, continually improves and streamlines the underwriting process, hires and trains new staff and is responsible for the ongoing review of work and professional development of the Housing and Small Business Lending and Programs teams.
The Director drives team culture and builds strong departmental cohesiveness and collaboration. He or she also manages the team's DEIJ (Diversity, Equity, Inclusion, and Justice) goals and progress.
The Director conducts frequent early-stage discussions with developers and small business entrepreneurs and is expected to build and maintain relationships within the housing lending sector.
He or she also serves as an expert in the field, presenting at conferences and on industry committees and on policy-related work.
The Director travels for site visits, industry events, and presentations, which amounts to roughly 10% of domestic travel annually.
This position will report to the Executive Director of LISC LA.
Responsibilities
- Implement a strategic approach to lending and real estate-based transactions, designing new lending programs and creating related marketing, informational, and application materials, consistent with the direction and goals of LISC LA.
- Lead best practices, programs, and policies pertaining to affordable housing and community development. This may include strategies to advance affordable housing acquisition and preservation, innovative financing and construction models, asset-building strategies, and community ownership models for underserved diverse communities.
- Lead his or her team to research and develop resources for local, regional, and statewide policy and legislation in coordination with the Executive Director.
- Lead underwriting, including working with borrowers to assess feasibility, structuring the transaction, conducting due diligence and financial analyses, and drafting credit memoranda for various types of housing-related real estate transactions including predevelopment, acquisition, construction, and permanent debt.
- Guide and support the Housing Program Officer to execute external trainings, meetings, workshops, information sessions, and orientations, both virtually and in person as needed.
This includes programs such LISC's Housing Development Training Institute (HDTI) and the Keep it Affordable Preservation Academy, and Faith-based Development training.
- Support the administration of technical assistance to community development corporations, and other strategic partners as needed.
- Collaborate with other senior LISC staff to identify and secure capital resources from within and outside LISC, including philanthropic contributions and public subsidies; and
- Lead other special projects and duties as assigned.
Qualifications
- Bachelor's degree required or commensurate experience. Advanced degree in business, finance, public administration or related field a plus.
- At least five (5) years of community development lending experience, and a demonstrated capacity to structure complex real estate development transactions.
- Strong management skills and at least two years of management experience.
- Demonstrated ability to manage multiple, complex transactions at various stages and coordinate with multiple internal and external parties to meet approval and closing deadlines.
- Experienced with local ordinances that impact housing development, LIHTC transactions, New Markets, and Historic and Energy tax credits.
- Highly detailed oriented.
- Ability to produce high-quality work products under deadlines, strong project management skills.
- High proficiency in Microsoft Excel, MS Office, and financial statement analysis
- Excellent written and verbal communication skills. Strong public speaking skills.
- Commitment to LISC's Housing mission in the County of Los Angeles and across the state of California.
Compensation
LISC offers a competitive salary of $127,500 -$159,400 commensurate with experience and location and excellent fringe benefits.
Actual salaries may be based on several factors including, but not limited to, a candidate's skill set, experience, education, work location and other qualifications.
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.
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.
LISC IS AN EQUAL OPPORTUNITY EMPLOYER COMMITTED TO DIVERSITY, EQUITY, INCLUSION AND JUSTICE
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