Director, Investment Professional, Affordable Housing

RDF; Phoenix (AZ); On-site; USD 120,000 - 180,000; Full time

Job summary

RDF is seeking a Director, Investment Professional in Phoenix to tailor debt financing for complex Affordable Housing projects, including public/private partnerships and LIHTC financing. You will vet opportunities, conduct due diligence, draft credit memoranda, and coordinate closings while maintaining client relationships and supporting post-closing activities.

You will drive investment theses, collaborate across teams, and represent RDF at industry events, leveraging a deep knowledge of

Qualifications

• Bachelor's degree required in finance, real estate, or related field.
• Minimum 5-7 years in affordable housing or community development finance.
• Experience underwriting and managing community investments.

Responsibilities

• Underwrite and manage complex affordable housing and CD finance transactions.
• vet lending opportunities, perform due diligence, and draft credit memos.
• Present financing requests for approval and manage closings.
• Provide ongoing technical assistance and post-closing follow-up.

Skills

Financial analysis

Real estate finance

Stakeholder communication

Portfolio management

Education

Bachelor’s degree in finance, Real Estate, Business Administration, Urban Planning, or a related field

Tools

Excel

Financial modeling software

Databases for impact measurement

Job description

Director, Investment Professional, Affordable Housing

Phoenix, United States | Posted on 07/22/2026

RDF is a national CommunityDevelopment Financial Institution (CDFI). Driven by a mission to unlockinglasting prosperity in communities across the United States, RDF providesresponsible and attainable financial solutions to community-based organizationsfocused on health, education, affordable housing, homeownership, andentrepreneurship.

RDF was founded in 1999. As atestament to its exceptional financial strength and impact, RDF stands out asone of the few CDFIs with a prestigious AA- S&P rating. Since itsinception, RDF has invested more than $1.6 billion across 38 states, leveragingover $7.2 billion in additional capital.

OUR INVESTMENT STRATEGY

Ourinvestment strategy is predicated on an ultra-high touch and value-addedapproach to supporting organizations that prioritize premium outcomes to createeconomic prosperity and bridge wealth gaps. RDF’s market position as apreferred debt capital partner enables superior project sourcing capabilities,and our team of impact investment professionals care deeply about the successof our clients. To that end, we bring more than just capital to the table – wemake key connections, provide valuable advice, design and lead structuredfinancings, and deliver innovative solutions. Operating as a non-regulated,specialty finance company, our due diligence process is decidedly values-based;forward looking; and we actively embrace complexity to capitalize ondifferentiated, impact investment opportunities.

ABOUT THIS OPPORTUNITY

Reporting to the SeniorVice President of Affordable Housing, this position provides communitydevelopment underwriting support to the Affordable Housing lending team. The Director,Investment Professional will tailor debt financing solutions for complexstructured transactions that could involve public/private partnerships,traditional debt, grant capital, and/or Low-Income Housing Tax creditfinancing. In this role, you will work directly with borrowers, vet lending opportunities,provide technical assistance, conduct due diligence and financial analyses,draft credit memoranda, defend recommendations to credit committee(s), andcoordinate the documentation and closing of secured and unsecured creditproducts for clients in the assigned industry.

Requirements

As a Director,Investment Professional, of Affordable Housing Finance you will be expected to:

• Adhereto RDF’s core values, including a commitment to working in economic developmentendeavors with diverse, under-resourced communities.
• Activelymanage and monitor a portfolio of affordable housing loans and provide deep,ongoing technical assistance to new and existing client relationships.
• ServeRDF’s clients as a trusted advisor throughout the full cycle of clientrelationships and provide high-value, technical assistance services, whennecessary.
• Applyknowledge of the affordable housing and community development marketplace andprograms and policies affecting the community development industry.
• Engagein industry groups and relevant conferences and events.
• Developand defend insightful investment theses by screening and underwriting financingrequests, including analyzing community impact, historical and projectedfinancial performance, management capacity, the feasibility of budgetedfinancing sources, and conducting prospect site inspection visits.
• Presentfinancing requests for approval and manage closings.
• Incollaboration with the loan operations team, complete post-closing financingfollow-up activities, including project construction management, construction drawrequests and supporting documentation, and collecting all applicable reportingrequirements, monitoring borrower financial performance and compliance withloan covenants, and tracking key financial ratios, as necessary.
• Maintaina group calendar of events, including industry-related events, and client groundbreakings.fundraisers; and represent RDF at those events, as necessary.
• Collaboratewith other industry specific teams on financing opportunities, as necessary.
• Performother tasks, as assigned.

QUALIFICATIONS

Education

• Bachelor’s degree in finance,Real Estate, Business Administration, Urban Planning, or a related field.

Experience

• Minimum of 5-7 years of experience in affordablehousing and other community development finance, real estate development,investment banking, or a related field, with a proven track record ofsuccessfully sourcing, underwriting, and managing community development investments.
• Familiarity with affordable housingprinciples and practices, with experience working on projects or initiativesthat address housing inequities.
• Experience working with orwithin underserved communities, particularly communities of color, tounderstand their unique needs and challenges related to access to education,healthcare, or housing.

Financial Analysis Skills

• Strong financial analysisskills, including proficiency in financial modeling, valuation techniques, andrisk assessment, with experience in underwriting complex real estatetransactions.
• Deep understanding of communitydevelopment finance mechanisms, including Low-Income Housing Tax Credits(LIHTC), New Markets Tax Credits (NMTC), tax-exempt bonds, and various subsidyprograms.
• Understanding of investmentstructures and financial instruments relevant to nonprofit finance.

Community Development Knowledge

• Understanding of communitydevelopment principles and practices for education and healthcare facilitiesfinancing.
• Knowledge of CDFIs and theirrole in providing capital to underserved communities.
• Awareness of policy issues affectingcommunity development, such as charter school, healthcare, affordable housingpolicies and economic development initiatives.

Communication and Relationship-Building Skills

• Strong time management and organizational skills, including the abilityto manage multiple priorities, meet deadlines, and ensure timely follow-up withclients, partners, and internal teams.
• Strong communication skillsto effectively convey complex financial concepts to diverse stakeholders,including investors, community organizations, and government agencies.
• Ability to build and maintainrelationships with community partners, investors, and other stakeholders toadvance health equity initiatives.
• Cultural competency and theability to work effectively with diverse communities, particularly within theLatino/Hispanic community.

Analytical Skills and Attention to Detail

• Strong analytical skills withattention to detail in financial analysis, impact measurement, and reporting.
• Ability to synthesize complexinformation and data to inform investment decisions and measure social impact.

Passion for Social Impact

• Commitment to social justice,economic equity, and community development with a passion for servinglow-income and underserved communities and advancing Raza Development Fund’smission.

Teamwork and Collaboration

• Ability to work effectivelyas part of a team, collaborating with colleagues across different departmentsand functions to achieve shared goals.
• Flexibility and adaptabilityto work on multiple projects simultaneously in a dynamic environment.

Technical Proficiency

• Proficiency in relevantsoftware applications such as Microsoft Excel, financial modeling software, anddatabases used for impact measurement and reporting.

Certifications

• Relevantcertifications in finance, community development, or public health may bebeneficial, but not required.