Affordable Housing and Community Development Expert

3 weeks ago


Burlington, Vermont, United States Evernorth Full time
The Community Investments Analyst role at Evernorth offers a unique opportunity to make a meaningful impact in affordable housing and community development. As a key member of the Community Investments department, you will play a critical role in supporting the team in making strategic investments that drive positive change in underserved communities.

About the Job:

We are seeking a highly motivated and detail-oriented professional to join our team as a Community Investments Analyst. In this role, you will assist department staff in reviewing prospective Low-Income Housing Tax Credit (LIHTC) opportunities, including preliminary project intake, review of project proforma and tax credit application, information transfer into Evernorth proprietary syndication financial model, preliminary letter of interest generation, and responses to request for equity investment proposals.

You will also provide support to department staff in the pre-closing due diligence, financial modeling, and underwriting of LIHTC and New Markets Tax Credit (NMTC) investments. This will involve preparing initial due diligence checklists, collecting, tracking, filing, and/or storing information and data from partners, performing initial review of due diligence received, such as appraisals, market study, and environmental reports, uploading information for file/information sharing with investors, project partners, and/or legal counsel, preparing NMTC project summaries and initial Investment Proposal sections, drafting legal intake forms, and other duties as assigned.

About the Team:

We are a dynamic and collaborative team at Evernorth, dedicated to making a positive impact in affordable housing and community development. We are committed to our mission and values, and we are looking for talented professionals like you to join our team.

What You'll Need:

To be successful in this role, you will need a Bachelor's Degree, coursework in community development, real estate, or a related discipline desired, valid driver's license, and a criminal background check. Additionally, you will need a minimum of one year of comparable experience in multi-family, affordable housing, community development, economic development, or real estate investment or finance, interest or knowledge of affordable housing, community development, real estate, business lending, LIHTC, NMTC, or other federal financing programs is preferred, experience with complex financial modeling and assisting in the preparation of credit write-ups and/or investment proposals of real estate or business transactions is preferred.

Skills and Qualifications:

You will need strong written, verbal, and active listening skills, proficiency in Microsoft Office 365 and SharePoint (Excel, Word, Teams, and Outlook), solution-oriented approach to problem-solving, ability to understand complex real estate tax credit financing, strong organizational, analytical thinking, and financial analysis skills, effective prioritization in a fast-paced environment, ability to manage multiple priorities and deadlines with attention to detail, ability to work well in a team with diverse individuals across locations and platforms, flexibility and focus, commitment to community and the mission of Evernorth.

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