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.
Over the last 40 years, LISC and its affiliates have invested approximately $24 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 Francisco and in 2,400 rural counties across 49 states and Puerto Rico. Visit us at (url removed)
As a Community Development Financial Institution (CDFI), a core function of LISC is its operation as a loan fund. LISC provides various loan products to a wide array of project types. All loans are subject to oversight by LISC’s Lending Department. LISC Houston and San Antonio is looking to grow its lending volume in the years ahead and seeks a Lending Program Officer to lead this effort.
Key Responsibilities:
Working with LISC to assist with lending business development and loan originations in Greater Houston and San Antonio.
Primary responsibilities will include identifying project opportunities; providing technical assistance to local borrowers; vetting of projects and financing needs; and developing key relationships and partnerships with public and private leaders in local markets. In particular, he/she is expected to have expertise in housing and/or commercial finance, preferably in low-income communities with an emphasis on neighborhood-scale economic development.
Serve as a primary underwriter, including working with borrowers to structure the transaction, conducting due diligence and financial analyses, drafting credit memoranda, and presenting loan recommendations to LISC’s national Credit Committee.
Collaborate with internal and external parties (banks, co-lenders, attorneys, etc.) to structure financings including managing inter-creditor negotiations; local foundations; local governmental units; reviewing real estate contracts, leases and due diligence; and identifying and negotiating key risk mitigants including reserves, guarantees and other forms of credit enhancement.
Work with staff to build a pipeline of projects in such asset classes as affordable housing, community facilities, and commercial developments with the primary goal of generating loan activity.
Work with LISC partners on the full-cycle of activities related to business and real estate based lending and development, providing technical assistance and identifying appropriate LISC resources as needed. This includes assessing project feasibility and the financing request, developing financing strategies and helping partners access other forms of capital including philanthropic contributions and/or public subsidies.
Manage relationships with other strategic partners, including for-profit and nonprofit financial institutions and local, state, and national governmental subsidy programs, that could support potential permanent financing structures for LISC borrowers.
Work with the Executive Director and other partners to develop a strategic approach to support the growth of lending and real estate based transactions, design new lending programs and create related marketing, informational and application materials in a regional context.
Coordinate lending activities with other LISC programmatic strategies in the Greater Houston market and San Antonio.
Present loan recommendations to LISC’s Credit Committee, as necessary, and manage the closing process with in-house and external counsel.
Lead new initiatives as called upon to do so.
Performs additional duties, as required.
Key Qualifications and Competencies:
Bachelor’s degree from an accredited college or university with a concentration in business, finance, real estate or related fields.
At least 5 years of relevant experience in lending, finance, community development or related field, with demonstrated experience in housing real estate development, including project financing, market analysis, deal structuring, and financial analysis.
Familiarity with the real estate markets in the Greater Houston and San Antonio areas together with familiarity with city, state and federal financing programs available to support projects.
Demonstrated ability to manage multiple, complex transactions at various stages and coordinate with multiple internal and external parties to meet approval and closing deadlines.
Deep knowledge of financing products such as predevelopment, acquisition, construction, bridge and permanent loans; lines of credit; and tax credit equity, program related investments.
Strong verbal and written communication skills. Proficiency in Microsoft Office suite, particularly Microsoft Excel. Highly detail-oriented.
Affordable Housing Finance Certifications a plus.
Ability to work independently and productively.
Experience with disaster recovery funding and strategies is a plus.
Regional travel required.
Demonstrated interest in LISC’s community development mission.
LISC offers a competitive salary and excellent benefits No phone calls, please.
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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