Affordable Housing Business Development Officer

U.S. Bank

. Responsible for the origination of LIHTC investments that will support the development of affordable housing/community and economic development projects across the country .

Posted 5/6/2026full-timeChicago • Illinois, Minnesota, Montana, New York, Ohio • 🇺🇸 United StatesSeniorLead💰 $159,970 - $188,200 per yearWebsite

About the role

Key responsibilities & impact

Responsible for the origination of LIHTC investments that will support the development of affordable housing/community and economic development projects across the country
Builds and actively maintains relationships with project sponsors, consultants, community stakeholders, lenders and other industry partners
Sources, structures, negotiates, and transitions LIHTC equity investments to meet Impact Finance’s production goals
Responsible for managing the credit quality of the transactions originated and advancing the set pricing strategy
Collaborates closely with various internal functions including Project and Asset management, Syndications, Finance, Lending, Business Impact and Environmental, Social, and Governance (ESG) groups

Requirements

What you’ll need

Typically a Bachelor's degree, or equivalent work experience
Typically 10 or more years of financial services experience
Typically three or more years of management or direct tax credit business development experience
Master's or equivalent advanced degree in business, law, finance or accounting (preferred)
Advanced knowledge of and ability to communicate effectively about the LIHTC program, tax and accounting concepts, or partnership law (preferred)
Ability to bring an established affordable housing developer client portfolio to U.S. Bank, through years of experience cultivating relationships (preferred)
Strong relationships with you, and/or experience with raising capital from institutional investors in the affordable housing space (preferred)
Ability to identify obstacles and manage expectations, both internally and externally (preferred)
Demonstrated leadership presence and ability to problem solve and propose nuanced deal structures using technical expertise (preferred)
Strong customer relationship skills and effective collaboration across teams (preferred)
Ability to travel extensively to meet with project sponsors/developers/community partners/investors and attend industry conferences (preferred)
Prior sales or business development experience (preferred)
Prior underwriting experience and proficiency in building and reviewing project financial models (preferred).

Benefits

Comp & perks

Healthcare (medical, dental, vision)
Basic term and optional term life insurance
Short-term and long-term disability
Pregnancy disability and parental leave
401(k) and employer-funded retirement plan
Paid vacation (from two to five weeks depending on salary grade and tenure)
Up to 11 paid holiday opportunities
Adoption assistance
Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills & Tools

LIHTC investmentsfinancial servicestax credit business developmentpartnership lawproject financial modelscredit quality managementpricing strategycapital raisingnegotiationdeal structuring

Soft Skills

relationship buildingleadershipproblem solvingcustomer relationship managementcollaborationcommunicationexpectation managementobstacle identificationteamworkclient portfolio management

Certifications

Bachelor's degreeMaster's degreeadvanced degree in businessadvanced degree in lawadvanced degree in financeadvanced degree in accounting