Community Development Specialist
3 weeks ago
We are seeking a highly motivated Community Development Specialist to join our team at Evernorth. This role involves guiding complex Low-Income Housing Tax Credits (LIHTC) transactions from development through investment approval and closing.
About the PositionYou will work closely with the Community Investments team to analyze and close Evernorth's tax credit investment opportunities. Your expertise will be invaluable in ensuring the successful execution of these transactions.
- Create and maintain relationships with external partners to sustain a pipeline of investment opportunities.
- Analyze prospective investment opportunities including preliminary LIHTC project feasibility, real estate development and market risks, community impacts/benefits, developer/sponsor strength, and financial return.
- Complete due diligence, financial modeling, and analysis of LIHTC investments.
The ideal candidate will have a minimum of three years recent syndication, underwriting, financial, or credit analysis experience, preferably in underwriting multifamily and/or commercial real estate, or operating/business loans for established banking institutions, community lending institutions, or private investment entities.
Estimated Salary: $80,000 - $110,000 per year.
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Community Development Funding Specialist
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