The Los Angeles Development Fund (LADF), a 501(c) (3) non-profit controlled by the City of Los Angeles and founded to manage the City’s New Markets Tax Credits (NMTC) Program, is seeking a NMTC Associate. The LADF creates jobs and boosts the economy of distressed communities using NMTCs to fund economic developments that improve the quality of life for those living in the City of Los Angeles.

Duties:

  • Evaluate potential NMTC transaction opportunities to determine whether the projects comply with NMTC program requirements, meet the City’s community development priorities, and are financially viable, including but not limited to analyzing project feasibility, pro-forma cash flow, and project budgets.

  • Underwrite NMTC transactions with a focus on the review and analysis of construction budget, operating pro-forma, appraisals and market studies and developer financial and development capacity.

  • In conjunction with the Manager, effectively communicate with and manage LADF program relationships; communicate underwriting criteria and processes, coordinate marketing efforts through LADF’s social media consultants, and collecting quality information from developers/sponsors.

  • Provide loan and asset management and CDFI Fund compliance services.

  • Coordinate LADF Board meetings.

  • Assist in the closing of NMTC transactions to ensure that all information, data, and documentation required by the LADF NMTC program is obtained as part of the external closing checklist.

  • Assist in the preparation of LADF’s NMTC application. Assist in providing preliminary technical assistance and training regarding the NTMC program to City staff and interested community entities.

  • Assist in activities related to the maintenance of LADF’s nonprofit and CDE status, including overseeing quarterly financial reporting and annual financial audits.

  • Assist in the solicitation, identification, evaluation, and management of a pipeline of NMTC financing opportunities with a focus on long-term project viability and generation of significant community impacts.

  • Assist in structuring NMTC transactions according to established underwriting guidelines and pricing parameters, working through risk issues with the Manager and LADF Governing Board.

  • Assist in the performance of duties related to the operation of a small business at 1200 W. 7th Street, 8th Floor, Los Angeles, CA 90017 www.ladfnewmarkets.org , for example provide LADF’s CPA with information necessary for the completion of LADF annual audit and tax returns.

  • Perform other duties as assigned.

Required skills:

  • Strong oral/written communication skills;

  • Strong analytical skills;

  • Ability to multi-task and manage numerous concurrent projects;

  • Ability to analyze project pro formas and other real estate due diligence, such as appraisals, market studies, purchase and sale agreements and loan documents; and

  • Ability to assess the financial feasibility of real estate development projects.

Minimum Requirements:

  • Undergraduate or graduate degree in business, urban planning, real estate, or finance;

  • A minimum of two years of professional experience in related real estate development and finance, including redevelopment finance; and

  • A commitment to working with diverse, low-income communities.

LADF offers competitive compensation based on experience.

Please submit resume, cover letter, and at least three professional references via email to This email address is being protected from spambots. You need JavaScript enabled to view it.

*Please note that this position is not a regular Civil Service position and does not qualify as employment with the City of Los Angeles. LADF IS AN EQUAL OPPORTUNITY EMPLOYER