Non-Profit Associations, Outside Counsel Management, Real Estate
4 Year Degree
Based in Chicago, National Equity Fund® (NEF) is a mission-driven non-profit investor focused on creating and maintain affordable housing across the country. NEF is one of the country’s largest and most experienced national syndicators of Low-Income Housing Tax Credits, the primary mechanism that new affordable housing is created in the United States. Additionally, NEF is a major lender supporting the preservation of existing affordable housing units. Over the past three decades, NEF has played an integral role in creating affordable housing options, revitalizing communities and strengthening local economies. The investments total more than $17 billion in LIHTC and affordable housing developments, which created over 170,000 affordable homes for low-income families and individuals.
The National Equity Fund has capabilities across originations, asset management, investor relations, equity placement, lending and dispositions. In 2019 alone, NEF raised and invested $1.5 billion in equity to create 10,433 new affordable rental units. In turn, they helped create 12,728 new jobs. The portfolio reflects the broad range of affordable housing concerns for local communities across the country. It includes vastly diverse populations as well an expansive geographical area including 47 states, Washington D.C., Puerto Rico and the U.S. Virgin Islands. The portfolio also spans a diverse range of product types including family, green, preservation/historic, senior and supportive housing segments.
NEF believes in collaboration between developers, local communities and investors and that the combined partnership is fundamental to achieving an integrated approach. Agreeing on shared long-term priorities at the start produces the most attractive outcome for everyone involved in the project including the community. The roughly 150 NEF employees have a reputation for innovation and extensive expertise, and many of been with NEF for many years. The employees are genuinely dedicated to the affordable housing industry and committed to NEF’s partners.
NEF was founded in 1987 by its affiliate non-profit company, the Local Initiatives Support Corporation (LISC), a community development financial institution (CDFI).
Provide legal support for new business initiatives, reporting to NEF General Counsel and working with NEF Senior Management and NEF Vice President New Business Development.
Coordinate the legal aspects of implementing new business initiatives including drafting and negotiation of legal agreements and regulatory and securities law compliance.
Manage NEF Legal Department staff and outside counsel in providing such legal support.
Participate in strategy discussions regarding specific new business initiatives.
A minimum of 8-10 years’ experience in a sophisticated law firm or corporate environment involving complex financial transactions, including experience working with complex debt and equity financial products.
Knowledge of lending law, partnership law, corporate law, and securities law.
Familiarity with LIHTC program a plus, but not required.
Familiarity with government programs related to affordable housing and community development a plus, but not required.
Strong drafting skills. Strong written and verbal communication skills. The ability to present information and communicate clearly and with adaptability to the audience
A business mindset and perspective
Highly organized individual who thrives in a challenging industry and deadline driven organization.
Alignment with NEF’s mission.
High comfort level with diverse populations and environments.
Experience with collaborating, building relationships, gaining credibility, and partnering with others internally and externally
A law degree from an accredited law school, strong academic credentials, and membership in at least one state Bar.
Additional Salary Information: Compensation will be base salary + significant bonus
Internal Number: NEFDGC
About National Equity Fund
National Equity Fund® is a nonprofit Chicago-based affiliate of the Local Initiatives Support Corporation and a leading syndicator of Low Income Housing Tax Credits. Since inception, we have played an integral role in creating affordable housing options, revitalizing communities and strengthening local economies. Our investments total more than $16.75 billion in 2,795 LIHTC developments, which created 187,237 affordable homes for low-income families and individuals.