Director of Affordable Housing Finance

The Raza Development Fund (RDF), a successful, national, investment grade-rated, non-profit, community development financial institution (CDFI), which has invested over $1.2 billion to strengthen the Latino community over the past 20 years, has created a new position, Director of Affordable Housing Finance, for which the fund is seeking passionate, qualified applicants.

Our investment strategy is predicated on an ultra-high touch and value-added approach to supporting Latino owned and controlled organizations that prioritize premium outcomes benefiting low-income communities.  RDF’s market position as a preferred capital partner enables superior project sourcing capabilities; and our team of impact investment professionals care deeply about the success of our clients.  To that end, we bring more than just capital to the table – we make key connections; provide valuable advice; design and lead structured financings; and deliver innovative solutions.  Operating as a non-regulated, specialty finance company, our due diligence process is decidedly values-based; fundamental, but forward looking; and we actively embrace complexity to capitalize on differentiated, impact investment opportunities.

The selected candidate will be responsible for establishing and maintaining a trusted national network of affordable housing stakeholders (with a primary focus on California, Arizona, Texas, and Florida), while furthering the fund’s mission to “invest capital and create financial solutions to increase opportunities for Latino and poor families and children”.

The Director will play an integral role in expanding RDF’s capacity to develop and deploy innovative, affordable, and flexible debt and equity products for a diverse cohort of growing non-profit and for-profit affordable housing development organizations; and will serve as a primary point of contact for an assigned investment portfolio and new prospects, representing the fund on originations working directly with clients, vetting investment opportunities, providing technical assistance, structuring transactions, conducting due diligence and financial analyses, drafting credit/investment memoranda, defending recommendations to credit/investment committee(s), and coordinating documentation and closings.

Reporting to the Chief Investment Officer, the Director will collaborate regularly with the fund’s industry, impact, and product focused experts to achieve individual, team, and community development investment goals.

To succeed in this role, the Director must:

  • have 7 to 10 years of community development and/or affordable housing lending or investing experience;
  • be an effective communicator, who is willing to wear many hats, roll-up their sleeves, and “get the job done” with minimal supervision;
  • be confident, opportunistic, and action-oriented with a solid foundation of multi-family acquisition, development, valuation, management, and disposition principles;
  • be able and willing to serve RDF’s clients as a trusted advisor throughout the full-cycle of client relationships and provide high-value, technical assistance services, when necessary;
  • be committed to providing exceptional, valued-added, solutions-oriented internal and external client service;
  • strive for continuous improvement, by seeking out and championing innovative ways to streamline RDF’s core processes; and
  • adhere to RDF’s corporate values, at all times

Qualified candidates should send their resume of professional qualifications and experience, along with a cover letter to David Clower, Chief Investment Officer via email at dclower@razafund.org for immediate consideration.
Phone 602-417-1400
Raza Development Fund (RDF) is the largest national, Latino-focused nonprofit Community Development Financial Institution (CDFI). Driven by a mission to close wealth and opportunity gaps in Latino and other under-resourced communities across the United States, RDF provides responsible and attainable financial solutions to community-based organizations focused on health, education, affordable housing, climate resilience, homeownership, and entrepreneurship. RDF was founded in 1999 as a support organization to UnidosUS, the nation’s largest Hispanic civil rights and advocacy nonprofit, formerly known as the National Council of La Raza. As a testament to its exceptional financial strength and impact, RDF stands out as one of the few CDFIs with a prestigious AA- S&P rating. Since its inception, RDF has invested more than $1.3 billion across 38 states, leveraging over $6 billion in additional capital.
In accordance with federal law and U.S. Department of the Treasury policy, this institution is prohibited from discriminating based on race, color, national origin, sex, age, or disability. Submit a complaint of discrimination, by mail to U.S. Department of the Treasury, Office of Civil Rights and Equal Employment Opportunity , 1500 Pennsylvania Ave. N.W., Washington, D.C. 20220, (202) 622-1160 (phone), (202) 622-0367 (fax), or email crcomplaints@treasury.gov (email).

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