The Corporation for Supportive Housing (CSH) is a national, nonprofit organization that helps communities create permanent housing with services to prevent and end homelessness. CSH advances its mission by providing high-quality advice and development expertise, by making loans and grants to supportive housing sponsors, by strengthening the supportive housing industry, and by reforming public policy to make it easier to create and operate supportive housing. CSH delivers its core services primarily through staff stationed in 21 locations nationally. CSH also operates targeted initiatives and capacity building efforts in many other communities.
The Corporation for Supportive Housing is seeking an energetic, results-oriented individual for the position of Loan Officer. Reporting to the Chief Lending Officer or the Associate Director of the Project Development and Finance Unit , the Loan Officer/Senior Loan Officer will be responsible for identifying, originating and closing loans for CSH’s Central Region that support its local program priorities and goals. CSH’s Central Region activities are currently concentrated in Illinois, Indiana, Michigan, Minnesota, and Ohio with additional opportunities throughout the central United States. In this role, the Loan Officer/Senior Loan Officer will work directly with local CSH staff, nonprofit and for-profit sponsors of supportive housing projects and government funders.
In addition, the Loan Officer/Senior Loan Officer will provide assistance to government in shaping policies and programs to better serve the needs of the extremely low income individuals and families who are homeless and those who face significant barriers to accessing and retaining housing. The Loan Officer/Senior Loan Officer will also provide technical assistance to nonprofit, for-profit and public organizations around the financing, creation and operation of supportive housing. Depending on experience and expertise, CSH may hire the position at the Loan Officer or Senior Loan Officer level. A moderate amount of travel, primarily throughout CSH’s Central Region, is required. A candidate based in Chicago is strongly preferred.
• Cultivate relationships with supportive housing providers, banks and local financial intermediaries. Promote increased visibility in market. Build referral networks. Provide high quality external relationship management.
• Market CSH’s loan products to government funding partners as a strategy to create high-quality project pipelines for local funding programs. Use these opportunities to influence key aspects of supportive housing projects, advancing common objectives of CSH and government partners.
• Work with Central Region CSH staff to assess new geographic areas as potential lending markets for CSH loans and activities, analyze gaps in public and other funding, and determine feasibility of supportive housing development.
• Work with Central Region CSH staff to identify lending opportunities resulting from other programmatic activities. Attend local staff meetings and other events.
• Experience or interest in rural and/or Native American housing/financing sources.
• Work with nonprofits to evaluate their financial health, determine financing needs, verify credit-readiness, and assess project feasibility.
• Originate loans based on knowledge of CSH’s loan products, risk tolerance, and staffing capacity. Propose loan structure that meets borrowers’ needs while adhering to CSH’s credit policies.
• Conduct necessary due diligence of projects and development teams, including but not limited to appraisals, contracts of sale, title and environmental assessment reports and borrower financials. Review and evaluate development and operating budgets and services plans for projects.
• Prepare and present loan recommendation memos for review and presentation to the Internal and Board Project Review Committees.
• Work with other CSH staff and CSH legal counsel to close and disburse loans.
• Manage loan pipeline tracking system and lead regular status update calls for Central Region lending.
• Cultivate relationships with borrowers, funders, financial institutions and other external partners. Attend conferences and other local events.
• Develop and maintain effective partnerships with a wide range of public and private agencies to review project feasibility and sponsor organizational capacities.
• Deepen and maintain knowledge and information related to local and regional funding sources and underwriting policies and practices. Monitor state Qualified Allocation Plans (QAPs) and lead the development of CSH’s periodic comments on the QAPs within region.
• Advance new and established strategies and initiatives to financing supportive housing in CSH’s Central Region.
• Support Central Region policy and fundraising efforts as they relate to CSH lending and local program activities.
• Develop and conduct trainings and workshops related to supportive housing project development and finance.
• Represent CSH at conferences, trainings and other events.
• Bachelor’s degree preferred. Additional experience may substitute for education.
• Minimum of 6 years of experience in low income/supportive housing development and/or housing operations, housing-based supportive services, underwriting and financial analysis, funding of low-income and affordable housing programs, or community development activities; experience in the supportive housing field is preferred. Experience as a developer and/or lender strongly desired.
• Extensive knowledge of the Low Income Housing Tax Credit program and other federally funded affordable housing financing programs.
• Familiarity with and/or interest in issues related to supportive housing including homelessness, low-income housing, finance, state and local policies, social service delivery, community development, mental illness, AIDS, harm reduction, etc.
• Excellent verbal and written communication skills.
• Strong analytical, interpersonal, communication and presentation skills.
• Demonstrated skills using Microsoft Office Suite (Word, Excel, Access, Outlook and other development feasibility tools).
• Demonstrated experience at managing multiple assignments effectively.
• Candidates must be able to take initiative and pursue program goals with minimal supervision.
Resumes of all qualified and interested candidates may be e-mailed with cover letter describing interest in the position and salary requirements to firstname.lastname@example.org. Please also submit a writing sample, preferably a credit memo or similar, if you have one available.
Corporation for Supportive Housing is committed to a policy of equal treatment and opportunity in every aspect of its relations with staff members and prospective employees, and will not discriminate against applicants for employment because of race, creed, color, national origin, age, disability, marital status, sex, or sexual orientation. CSH is also committed to a policy of affirmative action in the hiring of staff and encourages employment applications from people who are representative of the culturally and ethnically diverse communities CSH serves.