Organizational Overview:
With residents and partners, LISC forges resilient and inclusive communities of opportunity across America – great places to live, work, visit, do business and raise families.
Over the last 40 years, LISC and its affiliates have invested approximately $24 billion in businesses, affordable housing, health, educational mobility, community and recreational facilities, public safety, employment and other projects that help to revitalize and stabilize underinvested communities. Headquartered in New York City, LISC’s reach spans the country from East coast to West coast in 38 markets with offices extending from Buffalo to San Francisco and in 2,400 rural counties across 49 states and Puerto Rico.
Position Overview:
The Philadelphia office of Local Initiatives Support Corporation (LISC) seeks a skilled lending professional with a passion for strengthening communities to fill the position of Program Officer for Lending. The Program Officer will serve as the primary business developer and originator of loans that support LISC Philadelphia’s community development priorities – affordable housing; community economic development; equitable neighborhood development; and financial opportunity. This position reports to the local Executive Director and is responsible for the sourcing, underwriting, and administration of LISC’s pre-development, acquisition, construction, permanent, and bridge financing loans for real estate development in Philadelphia, as well as working capital loans, lines of credit and recoverable grants.
Primary activities will include: identifying project opportunities; vetting of projects and assessing financing needs; structuring creative financing solutions; providing technical assistance to current and prospective local borrowers; developing key relationships and partnerships with other local CDFIs, national LISC teams, and LISC affiliates; and informing the local lending strategy. The Program Officer will also collaborate with other local LISC non-lending staff who are engaged in complementary activities to address our community development priorities.