Affordable Housing Finance and/or Development Practitioners to serve as Grant Reviewers

Company: The Community Development Financial Institutions Fund (CDFI Fund)

Location: , All

Job Function: Other


Background

The Community Development Financial Institutions Fund (CDFI Fund) is issuing a call for wellqualified persons to serve as Grant Application Reviewers for the FY 2023 application round of
the Capital Magnet Fund (CMF) Program.
About the Capital Magnet Fund Program
Through the Capital Magnet Fund, the CDFI Fund competitively awards funds to CDFIs and
qualified non-profit housing organizations. These awards can be used to finance affordable
housing activities as well as related economic development activities and community service
facilities. CMF’s priority is to attract private capital to economically distressed communities,
including underserved rural areas. Funding for CMF comes from allocations made by the
Government-Sponsored Enterprises Fannie Mae and Freddie Mac and varies from year to year.
For more information on the Capital Magnet Fund, please visit www.cdfifund.gov/cmf.

Summary

General Reviewer Candidate Qualifications
The CDFI Fund requires Reviewers to have expertise in affordable housing finance. In addition,
experience in community and economic development finance is desirable. Specifically, the CDFI
Fund seeks candidates with one or more of the following types of experience:
• Underwriting of affordable housing and economic development projects;
• Expertise in underwriting, assessing, and/or evaluating projects of affordable housing
CDFIs and non-profit developers;
• Experience structuring and underwriting complex multifamily affordable housing
transactions and/or in affordable homeownership lending.
The strongest candidates will also have prior experience serving as a CMF Application Reviewer
(although not required):
• 5+ years of direct affordable housing finance experience with CDFIs (or other financial
institutions) OR 5+ years of direct experience in affordable housing finance with nonprofit affordable housing organizations;
• 5+ years of direct experience in affordable rental housing development and/or lending
OR 5+ years of direct experience in affordable homeownership lending/underwriting.

Responsibilities

Period of Performance and Location of Service
The application review cycle will start late March 2023 and is expected to run through mid- to
late-May 2023. These reviews will be completed using a web-based platform from the
Reviewer’s chosen remote location. As a result, Reviewers are required to have consistent highspeed internet access

Requirements

The strongest candidates will also have prior experience serving as a CMF Application Reviewer
(although not required):
• 5+ years of direct affordable housing finance experience with CDFIs (or other financial
institutions) OR 5+ years of direct experience in affordable housing finance with nonprofit affordable housing organizations;
• 5+ years of direct experience in affordable rental housing development and/or lending
OR 5+ years of direct experience in affordable homeownership lending/underwriting.

Compensation and Benefits

Completion of Reviewer Training: $200.00
Each Accepted Review: $225.00; Payment made at conclusion of Review period.

How to Apply

If you are interested in applying, please send a brief email indicating your interest to:
CMFReview@F2Solutions.com.