CDFI Fund Seeks Underwriters, Assessors to Review Applications

The CDFI Fund is looking for experienced affordable housing professionals to review Capital Magnet Fund applications from early October through mid-November. Applicant reviewers would work from their own chosen remote location. See the description below from the CDFI Fund:

Call for Affordable Housing Finance Practitioners

The Community Development Financial Institutions Fund (CDFI Fund) is issuing a call for well-qualified persons to serve as application reviewers for the fiscal year (FY) 2017 application round of the Capital Magnet Fund (CMF).  The CDFI Fund has contracted with F2 Solutions to recruit reviewers. Recruitment will be conducted by F2 Solutions on a rolling basis until 5 p.m. ET on August 18, 2017.

General Candidate Qualifications

The CDFI Fund and F2 Solutions require reviewers to have considerable expertise in affordable housing finance and/or development.  Specifically, the CDFI Fund seeks candidates with one or more of the following types of experience in reviewing financial statements of CDFIs and/or non-profit housing development organizations:

  • expertise in underwriting, assessing, and/or evaluating affordable housing and economic development projects financed or developed by CDFIs and non-profit developers; or
  • experience in structuring and underwriting complex multifamily affordable housing transactions.

Period and Location of Service

Application reviews are scheduled to begin in early October and end in mid-November 2017.  These reviews will be completed using a web-based review tool from the reviewer’s chosen remote location.  As a result, reviewers are required to have consistent high-speed internet access.

How to Apply

If you are interested in applying, please send a brief email indicating your interest to: CMFReview@F2Solutions.com.  F2 Solutions will respond with more information about the opportunity and how to register in their system.

About the Capital Magnet Fund

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, with the objective of attracting private capital to economically distressed communities, including underserved rural areas. Funding for the Capital Magnet Fund comes from allocations made by the Government-Sponsored Enterprises, Fannie Mae and Freddie Mac, and the allocation amounts varies from year to year. Currently $119.5 million is available for awards through the FY 2017 round of the program.

For more information on the Capital Magnet Fund, please visit www.cdfifund.gov/cmf.