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Associate I, Community Development Finance
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- The Community Development Finance (“CDF”) team of First-Citizens Bank & Trust Company (the “Bank”), is responsible for executing the Bank’s Community Reinvestment Act (CRA) and Community Benefits Plan (CBP) strategies through the origination and management of Community Development Loans and Low-Income Housing Tax Credit (LIHTC) equity investments.
- The Bank currently has a national portfolio of $2.8+ billion in committed investments that support the new construction or rehabilitation of affordable housing for low-income seniors, families, veterans, individuals with special needs or disabilities, and the chronically homeless, and we are embarking on a massive effort to expand the Bank’s commitments to low- and moderate-income communities.
- Note that the Bank operates under the Silicon Valley Bank brand, as a Division of First-Citizens Bank & Trust Company, in the majority of the Bank’s California affordable housing markets.
- In total, the Bank is committed to dedicating $10.5 billion to community development lending and investments, including affordable housing opportunities and small business lending to nonprofits and small for-profit developers that supportLMIcommunities.
- Assisting Underwriters and the Closing Coordinator on fund closings by supporting the preparation of credit packages, leading due diligence review, supporting review of investment documentation, and performing sponsor entity reviews.
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