Community Development Manager manages the economic development lending activities to support or subsidize improvements in the community. Ensures company visibility is established in the area and promotes relationships with groups, agencies, and organizations in the community to identify lending and other business development opportunities. Being a Community Development Manager evaluates the current and future credit needs of the community and develops a strong understanding of the local issues and needs. Actively monitors public programs that support community development initiatives. Additionally, Community Development Manager initiates policy changes or enhancements to ensure compliance with Community Reinvestment Act (CRA) and other regulations. Makes recommendations to expand and develop lending programs. Requires a bachelor's degree. Typically reports to a director. The Community Development Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a Community Development Manager typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 Salary.com)
Location:
127 Public Square - Cleveland, Ohio 44114ABOUT THE BUSINESS:
Key Community Development Corporation (KCDC) provides much needed investment dollars for affordable housing and community development projects in urban and rural communities across all 50 states via direct and indirect investment in communities. Affordable housing owner-operators and developers looking to build, acquire and preserve affordable housing come to us because we know how to move complicated deals over the finish line. Our clients leverage Key's broad, fully integrated platform. In addition, we can help assemble innovative and complex financing in conjunction with multiple for-profit, nonprofit and government entities. Helping communities thrive is more than our business, it's our mission.
ABOUT THE JOB:
Key Community Development Corporation (KCDC) is seeking a self-starting associate to play a critical role in achieving KeyBank's goal of supporting affordable housing and community development throughout the country. This role will be responsible for the asset management of a defined portfolio of KCDC's equity investments. The Asset Manager manages risks inherent in long term investments by analyzing property operations, financial results, sponsor information and market conditions. Analysis will include benefits schedules, financial statements, capital and operating budgets, and other relevant project data to ensure the flow of tax credit benefits to KCDC. This position would have primary responsibility for managing KCDC's investments in Low Income Housing Tax Credit (LIHTC) investments. This position works with KCDC team members and manages outside relationships with developers, management companies, accountants, and attorneys. The Asset Manager also performs on-site property inspections to evaluate property condition and ensure tenant eligibility compliance and has a deep understanding of the various tax credit programs.
WHAT YOU'LL GET FROM THIS OPPORTUNITY:
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SUCCESSFUL CANDIDATE WILL HAVE:
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KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to building a diverse, equitable and inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or other protected category.
Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing .
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