National Equity Fund, Inc. · 1 day ago
Vice President, Originations (East, NE Region)
Providence, RI
Full-time
Onsite
Mid, Senior Level
7+ years expNational Equity Fund, Inc. (NEF) is a leading non-profit syndicator of low-income housing tax credits, seeking a Vice President, Originations to lead new business initiatives in affordable housing. The role involves originating, structuring, and negotiating low-income housing tax credit investments while managing relationships and ensuring project viability in the designated region.
ConsultingFinancial ServicesProperty ManagementReal Estate Investment
Responsibilities
Provide VP Regional Manager with a business plan for the designated market, determining optimal marketing strategy, and executing said business plan
Responsible for NEF marketing efforts in the designated region. Establish new relationships with non-profit and for-profit low-income housing developers, funders, and state allocating agencies in designated markets. Maintain relationships through excellent customer service and utmost professionalism
Lead the Originations process for affordable housing projects seeking equity investments from the National Equity Fund in the designated region. Identify complex LIHTC and credit issues and review business terms with the sponsor to add value to developing a viable, sustainable affordable housing property
Increase knowledge of complex real estate underwriting, tax, and Section 42 requirements. Possess good knowledge of complex real estate underwriting, Section 42 requirements, various state tax credits, Historic Tax Credits, energy credits, project-based rental subsidies and vouchers, and relevant tax topics and issues including minimum gain and grant structures
Market to sponsors in the geographic area, including attendance, at and/or serving as a presenter at state and other relevant housing conferences, meetings, and forums. Serve as the external face for NEF
Structure LIHTC transactions according to NEF established underwriting guidelines and pricing parameters. Work through credit issues with the VP Regional Manager. Must be able to analyze a projects income structure, operating expenses, debt service requirements, market studies, and a developers financial and development capacity. Coordinate with VP Regional Manager with regards to investor targeting and interest
As an affiliate of the Local Initiatives Support Corporation, NEF originators must have the ability to effectively manage and leverage LISC stakeholder relationships in the designated region. This may include participation in LISC meetings or providing training for LISC staff or LISC-supported community development organizations
Other duties and special projects as assigned by the VP Regional Manager
Qualification
Required
Undergraduate or graduate degree in business, economics, urban planning, or finance
Minimum of 7-10 years experience in underwriting and structuring real estate projects
Ability to work independently and effectively on numerous projects at the same time
Strong analytical skills and proficiency in Microsoft Office programs, including Excel and Word, and other relevant applications
Strong communication skills, both written and verbal
Ability to explain complex financing structures to Developers, stakeholders, funders, and other related audiences
Prior experience with affordable housing loans or investments and knowledge of state and local programs a requirement
Strong background in structuring complex real estate transactions and working with nonprofit developers
Demonstrate experience in underwriting LIHTC transactions and growing business relationships
Benefits
Comprehensive benefits package
Company
National Equity Fund, Inc.
National Equity Fund, Inc.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Matthew Reilein
President and CEO
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