National Community Investment Fund
Vice President of Lending and NMTC
National Community Investment Fund (NCIF; www.ncif.org) is an impact investor and national nonprofit Community
Development Financial Institution (CDFI) formed in 1996 with a mission to increase access to responsible financial
products and services in underserved communities. NCIF focuses on impact generation across economic
opportunity, racial justice and environmental justice issues. Total assets under management at NCIF are around
$228 million, including a balance sheet of $62 million and $166 million of New Markets Tax Credits (NMTC)
allocations. NCIF meets its mission via the following complementary lines of businesses:
. Equity Investing: We invest in/lend with mission-oriented financial institutions (CDFI banks, minority banks,
CDFI loan funds and others) with equity, debt and deposits investments. NCIF is the largest investor in CDFI
banks with investments in 17 institutions (>10% of sector). Selectively NCIF will invest in financial and green
technology corporations that are mission aligned;
. New Market Tax Credit deployment: We have received $401 million in NMTC allocations and are deploying
it into nonprofit and for-profit impact-oriented operating companies and real estate such as, health care
facilities, and schools..
. Lending: NCIF is building a portfolio of loans that are focused on supporting businesses, housing
communities, education, healthcare and other sectors that are mission aligned. To further that reach, we
are launching a platform to originate and syndicate loans among the NCIF Network of Banks. We have also
launched an initiative is to lend to greenhouse gas reduction projects that are aligned with the EPA goals
around (a) net-zero buildings (b) zero-emission transportation and (c) alternative energy source (i.e.solar)
in underserved communities nationally.
. Impact measurement is the foundation of NCIF’s work and supports all our business lines. NCIF pioneered
the use of Social Performance Metrics (www.bankimpact.org) and is developing an Large Language
Model/Generative AI based Data Analytics Platform to catalyze additional capital to the sector.
NCIF is entering its next phase and planning for accelerated growth over the next 5 years. To help in achieving this
growth, weNCIF is seeking an outstanding executive to join its growing fund management team and drive NCIF’s
growth and increase its impact while building on its lending and investing efforts. The Vice President, Lending and
NMTC will be responsible for developing the business, in allocated areas as follows (in conjunction with other NCIF
Team members):
- Originate, structure, underwrite, and close a pipeline of low-risk, high-impact commercial loans. Such loans
may utilize NMTC, LIHTC or other government programs in participation with NMTC CDEs, housing lenders
and NCIF network partners.
- Deploy NCIF NMTC allocations in real estate and business operating loans.
- Underwrite and prepare credit memoranda, close and asset-manage from inception to exit.
- Drive, alongside other members of the NCIF team, the raising of private capital, preparing grant
applications for the CDFI Fund NMTC and Financial Assistance programs or other grant programs, as
needed.
§ Contribute to the development of NCIF Business strategy focused on growth and impact measurement.
This includes the development of new lending and investing programs, new product areas like housing and
climate finance etc;
§ Represent NCIF externally with potential and existing partners, as appropriate.
§ Serve as a mentor to junior members of the NCIF team around both technical credit skills and more
intangible partnership skills.