The Senior Programs Specialist, Community Investment will have significant responsibility for the outreach, training, and technical assistance for the products and services offered by the Community Investment group. S/he will serve as a representative of the Bank to member financial institutions, government agencies, community development organizations, and other stakeholders on matters related to the use of the Bank's affordable housing and community development resources. S/he will also have significant responsibility for the review and analysis of competitive Affordable Housing Program (AHP) applications and other specialized project- and program-related research and analysis.
ESSENTIAL DUTIES & RESPONSIBILITIES
Cultivate and maintain the Bank's relationships with member financial institutions, project sponsors, and other partners for the purpose of promoting the Bank and increasing the understanding and utilization of its Community Investment products.
Provide technical assistance to members, project sponsors, and other organizations on the features and applications of the Bank's Community Investment products.
Develop and deliver web- and land-based training.
Assist with drafting external guides and knowledge resources.
Conduct outreach to members, project sponsors, and other organizations through a range of forums and events, training sessions, webinars, technical assistance, and other opportunities. Outreach will also be achieved via written communications in internal and external publications.
Review competitive AHP applications including site control and financing documentation, evaluation of development budgets, and analysis of operating pro formas; provide advanced technical support to others charged with the same.
Undertake special projects as needed including serving as a lead on major topics of interest, such as researching a new initiative, or planning an event or conference.
Review and assist with strategic planning activities including the AHP Implementation Plan and Community Lending Plan.
Participate on the Community Investment Policy Committee and, on an as needed basis, the Community Investment Loan Committee.
Participate in the development of process enhancements to improve operational efficiency, including the review and development of the AHP feasibility guidelines, departmental policies and procedures, desktop procedures, and other forms and system enhancements.
EXPERIENCE & EDUCATIONAL REQUIREMENTS
A demonstrated breadth and depth of experience with regulated community development and/or affordable housing programs, including the evaluation of development budgets and operating pro formas.
Comfort with designing, developing, and delivering trainings and presentations to audiences of various sizes and levels of familiarity with the content.
Bachelor's degree with a concentration in Business or Public Administration, Finance, Real Estate, Urban Planning, Community Development, or other allied field; Master's degree preferred.
KNOWLEDGE, SKILLS, ABILITIES, AND BEHAVIORS REQUIRED
Intricate knowledge of local, state, and Federal community development and affordable housing programs (e.g., FHLBank Affordable Housing Program, Low Income Housing Tax Credit, Federal Historic Tax Credit, bond financing, tax increment financing, down payment assistance programs, etc.).
Familiarity with a variety of home ownership and multifamily financing structures.
Ability to analyze development budgets and operating pro formas.
Comfort with communicating effectively and succinctly to a variety of audiences both in writing and orally, including public speaking and training.
Demonstrated project leadership and management skills; strong interpersonal skills; ability to plan and prioritize work requiring input from several areas within the Bank.
Ability to analyze, apply, interpret, and communicate policies, procedures, and regulations effectively.
Respectfully take initiative in a fast-paced environment and work effectively and efficiently under pressure, either independently or as a member of a team.
Working knowledge of the Community Reinvestment Act.
A heightened respect for, and deference to, protocol and a deep understanding of the Bank's brand, mission, and image.
A commitment to objectivity, transparency, accountability, ethics, and solutions-based approaches.
Advanced MS Office skills (Word, Excel, PowerPoint).
Frequent engagements outside of traditional work hours and occasional overnight travel required.
Internal Number: olMe7fwc
About Federal Home Loan Bank of Chicago
The Federal Home Loan Bank of Chicago is a $72.0 billion wholesale bank and one of 11 district banks chartered in 1932 by the U.S. Congress to improve the availability of funds to support home ownership. The FHLB Chicago is a member-owned cooperative serving members in our district of Illinois and Wisconsin. All federally insured depository institutions, insurance companies engaged in residential housing finance, credit unions, and community development financial institutions located in our district are eligible to apply for membership. Today, the FHLB System, which is regulated by the Federal Housing Finance Agency, has more than 7,500 members.
The FHLB Chicago strives to be a valuable partner to our member financial institutions in Illinois and Wisconsin during all phases of financial and economic cycles. The mission of the Federal Home Loan Bank of Chicago is to partner with our member shareholders in Illinois and Wisconsin to provide them competitively priced funding, a reasonable return on their investment in the Bank, and support for community investment activities.
The Federal Home Loan Bank of Chicago is committed to diversity at all levels of our organization from t...he employees we hire to the programs, institutions, and businesses we support. Our goal is to recruit, hire, and develop talented staff and to offer a work environment that allows them to do their best work.