What: SB Friedman is seeking two Associates to work with our growing community development finance team and New Markets Tax Credit (NMTC) practice to support innovative, impact-driven development projects nationwide. These positions will specialize in assignments that focus on underwriting, structuring, and closing financing on high-impact community development projects in low-income communities. Located in Chicago’s Loop, we are a mission-driven advisor specializing in public-private partnerships and development projects that support community revitalization, placemaking and social equity.
Key responsibilities:
Associate – Community Development Finance
- Assisting high-impact projects access flexible, below-market financing tools
- Reviewing potential projects that could benefit from NMTC financing and other financing tools and maintaining pipeline reports
- Underwriting projects/organizations and preparing underwriting memos
- Structuring complex financial transactions
- Drafting and reviewing term sheets and letters of interest for NMTC commitments and third-party funding
- Supporting efficient closings through coordination with internal and external parties, including attorneys, accountants, funders, and project sponsors
- Review third-party reports and documentation, including, but not limited to, insurance certificates, appraisals/broker opinions of value, environmental reports, financial projections, prior expenditure documentation, settlement statements, closing transfer memos, etc.
- Communicating and building relationships with mission-driven clients, borrowers, and investors
- Analyze and synthesize disparate data sources and project information into compelling narratives to attract impact-focused financing
- Prepare competitive NMTC applications for submittal to U.S. Treasury
- Assess how specific projects address community needs through analysis of primary and third-party data sources
- Research and document the anticipated impacts of projects through interviews, site visits, and review of reports, questionnaires, and data sets
- Support annual community impact surveying of projects to monitor and measure realized impacts of projects
- Develop customized community benefits agreements between lenders/investors and project sponsors
Community Development Finance Associate:
- A Master’s degree in Urban Planning/Economic Development, Real Estate, Business Administration, or a related field
- 3+ years of relevant professional experience
- Demonstrated experience in related fields, such tax credit finance, real estate financial analysis, or real estate development.
Minimum
- Bachelor’s degree in Public Policy, Economics, Urban Planning, or a related field
- 1+ year relevant professional experience
- Exceptional writing skills
- Quantitative analysis skills, particularly using Microsoft Excel
- Strength in oral communication and interpersonal skills
- Detail orientation and accuracy
- Demonstrated ability to meet deadlines
- Commitment to community revitalization, economic development and sustainability
- Master’s degree in Urban Planning, Economic Development, Nonprofit Management, Public Policy, Public Administration, or a related field
- 3+ years of relevant professional experience
- Demonstrated experience in related fields such as policy research, impact assessment, grant writing, or community revitalization.
Find the full job postings and apply:
Associate – Community Development Finance
Associate – Community Impact Assessment