243 Vice President - Originations Jobs in Chicago, IL
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National Equity Fund is Hiring a Vice President - Originations Near Chicago, IL
NATIONAL EQUITY FUND, INC. is a leading non-profit syndicator of Low-Income Housing Tax Credits (LIHTC) with a
mission to create and deliver innovative, collaborative financial solutions to expand the creation and preservation
of affordable housing. We strive to be a diverse, equitable, and inclusive place to work so that our team has the
experience and knowledge to effectively support our partners and communities.
OVERVIEW
The Vice President - Originations will originate, structure, and negotiate low-
income housing tax credit investments. Represent NEF and manage the workload in
the designated region. Responsible for structuring transactions in a manner
consistent with Investor expectations, ensuring long-term project viability, and
meeting NEF’s mission. Successful in working independently and collaboratively
across departments to structure and negotiate transactions. Seeking candidates in
the midwestern region.
ESSENTIAL DUTIES
- Provide VP Regional Manager with a business plan for the designated market, determining optimal
- Responsible for NEF marketing efforts in the designated region. Establish new relationships with non-profit
Maintain relationships through excellent customer service and utmost professionalism.
- Lead the Originations process for affordable housing projects seeking equity investments from the National
with the sponsor to add value to developing a viable, sustainable affordable housing property.
- Increase knowledge of complex real estate underwriting, tax, and Section 42 requirements. Possess good
Tax Credits, energy credits, project-based rental subsidies and vouchers, and relevant tax topics and issues
including minimum gain and grant structures.
- Market to sponsors in the geographic area, including attendance, at and/or serving as a presenter at state
- Structure LIHTC transactions according to NEF-established underwriting guidelines and pricing parameters.
structure, operating expenses, debt service requirements, market studies, and a developer’s financial and
development capacity. Coordinate with VP Regional Manager with regard to investor targeting and interest.
- As an affiliate of the Local Initiatives Support Corporation, NEF originators must have the ability to
participation in LISC meetings or providing training for LISC staff or LISC-supported community development
organizations.
- Minimum of 7-10 years’ experience in underwriting and structuring real estate projects.
- Ability to work independently and effectively on numerous projects at the same time.
- Strong analytical skills and proficiency in Microsoft Office programs, including Excel and Word, and other
- Strong communication skills, both written and verbal.
- Ability to explain complex financing structures to Developers, stakeholders, funders, and other related
- Prior experience with affordable housing loans or investments and knowledge of state and local programs
- Strong background in structuring complex real estate transactions and working with nonprofit developers.
- Demonstrate experience in underwriting LIHTC transactions and growing business relationships.
ABOUT NATIONAL EQUITY FUND
National Equity Fund, Inc., is a leading nonprofit Low-Income Housing Tax Credit (LIHTC) syndicator and pioneer
in affordable housing with a mission to create and deliver innovative, collaborative financial solutions to expand
the creation and preservation of affordable housing. Through its diverse multi- and single-investor funds, NEF
generates opportunities rooted in its vision that all individuals and families across the country have access to
stable, safe, and affordable homes that provide a foundation for them to reach their full potential. Since being
founded by the Local Initiatives Support Corporation (LISC) in 1987, NEF has invested more than $18 billion, which
represents 200,500 new affordable homes for individuals, families, and communities in need across the country.
NEF is Chicago-based and has donated more than $200 million in grants to support LISC’s nationwide community
development work. To learn more about NEF’s impact, innovative financial solutions, and opportunities, visit
www.nefinc.org.
We offer a competitive salary, along with a comprehensive benefits package.
NEF IS AN EQUAL-OPPORTUNITY EMPLOYER
Job Summary
Full Time
$221k-274k (estimate)
06/26/2023
05/11/2024
NEFINC.ORG
<25
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