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Community Housing Lender

New Hampshire Community Loan Fund

About us
The New Hampshire Community Loan Fund collaborates with a wide range of donors and investors, and with business, nonprofit and government partners, to provide the financing and support that people with low and moderate incomes need to become financially independent and have affordable housing, quality jobs, child care and access to vital community services.

 

 


The position: The Community Housing Lender offers financing for affordable rental housing developments.

The program: The Community Housing program provides loans and technical assistance to acquire, develop, and improve rental housing affordable to people with low and moderate incomes.

Requirements:

Essential functions:

Financing

  • Finance a broad range of affordable rental housing for low and moderate-income people, including for families, seniors, and those with special support needs. Propose innovative program design ideas and advocate for new financing products. Solicit loan applications and identify potential lending opportunities that align with the Community Loan Fund’s financing policy and mission.
  • Represent the Community Loan Fund in strategic public policy discussions and other affordable housing forums. Build relationships with governmental and private funders, development consultants, and support services providers, as well as the core nonprofit affordable housing developers in N.H. Stay current on changes in the housing market (demographics, design options) and affordable-housing-industry trends (national and local).
  • Work collaboratively with the Credit Analyst, Senior Lender, and others, to analyze and underwrite loan requests, determine risk, and propose loan conditions. Prepare credit memorandums and related materials for timely submittal to the appropriate approval authority. Work with other lending staff and/or outside legal counsel to develop closing documents when a loan is approved, or to prepare required documentation when denied.
  • Maintain ongoing working relationships with borrowers to ensure compliance with loan requirements, minimize loan losses, advance borrowers’ goals, and expand impact.

Internal collaboration

  • Participate as a member of the Business Finance team and contribute ideas to continually improve systems, processes, and products. Help develop a procedure manual for the Community Housing program.
  • Use Salesforce and other management tools to capture required reporting data, document relationships and other information during pipeline development and portfolio management. Use Salesforce to store key information regarding consultants and partners who may work with prospective and existing borrowers.
  • Participate in monthly organization-wide loan portfolio meetings; monitor loan performance and report on status of active loans in the portfolio.
  • Collaborate with the Philanthropy team to raise program grants and other funds needed to advance the mission.
  • Other duties as requested.
Responsibilities:

Qualifications and characteristics:

  • A high level of self-motivation, attention to detail, organization, and systems approach.
  • Strong interpersonal and networking skills, with an eagerness to learn and grow professionally.
  • Experience in use of loan servicing software.
  • Ability to work in a highly collaborative manner.
  • Excellent written and verbal communication skills.
  • Strong organizational skills.
  • Strong community networking and business development skills.
  • Experience preparing commercial loan documents preferred.
  • Experience in regulatory compliance for lending activities preferred.
  • Knowledge and experience in commercial real estate loan underwriting, affordable housing, and the CDFI field preferred.
How to Apply:

Interested applicants may send a resume and cover letter, including salary expectations, to the Community Loan Fund at jobopening@communityloanfund.org. No phone calls, please.

Equal Opportunity Employer

Visit us at www.communityloanfund.org.

Job Location:

Concord

Date Added: January 31, 2019

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