Program Manager, Community Investment

2 weeks ago

Boston MA United States The Community Builders Inc. Full time

The Community Builders, Inc. (TCB)

Join a growing organization that is strengthening neighborhoods across the nation The Community Builders, Inc. (TCB) is one of America's leading nonprofit real estate developers and owners. Our mission is to build and sustain strong communities where people of all incomes can achieve their full potential.

Position Description:

The Program Manager, Community Investment will be based in the Boston corporate office and will have responsibility for independently managing lending and investment activities to support a development pipeline of affordable and mixed-income housing, as well as mixed-use and commercial real estate. The Program Manager will collaborate across Finance, Accounting, Legal, and Development departments to manage a Community Development Financial Institution (CDFI) loan fund, by building internal and external customer relationships, following lending policies and procedures, maintaining an investment pipeline, and building relationships with existing capital sources. In addition, the Program Manager will be involved in other lending programs, including Capital Magnet Fund (CMF), Neighborhood Stabilization Program 2 (NSP2), and New Market Tax Credit (NMTC).

Essential Functions:

  • Manage predevelopment and other lending processes.
  • Prepare financial forecasts and budgets to inform strategic planning and business operations.
  • Participate in the preparation and submission of large-scale financing and grant applications.
  • Work with internal and external customers to manage their expectations regarding terms and conditions in line with established policies that balance benefit to customers with risk and return to the organizations.
  • Independently manage internal approval process for lending programs, including review by advisory boards, investment committees, and corporate boards.
  • Coordinate loan draws and funding with customers and Accounting staff.
  • Assemble and maintain complete transaction file documentation in electronic systems.
  • Transition closed transactions to staff responsible for asset management, compliance, and reporting by providing information on deal structure, servicing, monitoring, and other requirements.

Knowledge, Skills and Abilities:

  • Strong, effective communication skills both verbally and in writing.
  • Works effectively and constructively with a wide variety of people from diverse backgrounds.
  • Works successfully in a collaborative manner with minimal supervision.
  • Strong understanding of real estate, affordable housing, and community development.
  • Experience with Community Development Financing Institutions (CDFIs) a plus.
  • Strong time management and project management skills.
  • Ability to prioritize effectively and work accurately under time pressure and with interruptions to meet deadlines.
  • Strong proficiency in Microsoft Office programs (Excel, Word, PowerPoint, Sharepoint, etc.)

Education & Experience:

Three or more years of experience in development, lending, or related roles, preferably in a mission oriented organization involved in affordable housing, community development, or Community Development Financial Institution (CDFI) type lending.

Bachelor's degree in an appropriate field.

The Community Builders, Inc. is committed to ensuring diversity in its workplace, and candidates from diverse backgrounds are strongly encouraged to apply.

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