Director of Impact Investing, Affordable Housing

About Arnold Ventures

Arnold Ventures is a philanthropic organization committed to tackling some of the most pressing problems in the United States. With a focus on maximizing opportunities and minimizing injustices, Arnold Ventures invests in sustainable change by leveraging research, strategic thinking, and evidence-based practices. The organization drives public discourse, shapes policy, and fosters action through education and advocacy. Arnold Ventures’ initiatives span across various sectors, including criminal justice, healthcare, education, and public finance, with a mission to further equity and social justice.

About this Role

Arnold Ventures is seeking a Director of Impact Investing, Affordable Housing to lead efforts in sourcing, underwriting, and structuring impact investment opportunities with a focus on affordable housing. This role involves managing current investments and developing new ones, specifically targeting high-impact affordable housing projects and addressing the financing gap for underrepresented developers. The Director will report to the Executive Vice President of Impact Investing, Affordable Housing and work out of the Washington, DC office. The ideal candidate will have robust experience in affordable housing finance and investment, exceptional strategic and project management skills, and an ability to communicate effectively with diverse audiences. This position offers a competitive salary and a comprehensive benefits package.

Responsibilities

• Source and lead due diligence on impact investment opportunities supporting underrepresented developers or high-impact housing projects across at least one focus investment region.
• Support the structuring, negotiation, and execution of equity investments, including performing underwriting on developer enterprises and/or affordable housing projects.
• Manage and support investments in partnership with portfolio managers and finance and legal teams.
• Develop and maintain relationships with current and potential investees to cultivate investment opportunities and market awareness of Arnold Ventures’ work.
• Bolster Arnold Ventures’ efforts to support the growth of impact investing within the affordable housing sector by engaging and working with key investors and developers within the sector.

Requirements

• Bachelor’s degree required or equivalent affordable housing finance experience.
• 7+ years of relevant work experience, including within the affordable housing financing sector and making equity investments in affordable housing projects and developers.
• Demonstrated understanding of affordable housing developers and barriers to growth.
• Excellent financial analysis and modeling skills.
• Exceptional strategy development, project management, and organizational skills.
• Excellent oral and written communication skills, with the ability to convey key takeaways to diverse, nontechnical audiences.

Benefits

• 100% paid employee premiums for medical, dental, vision, basic life, and short- and long-term disability insurance.
• 20 days of paid time off.
• 16 paid holidays (including a winter break from December 24 to January 1).
• A 9/80 schedule from Memorial Day to Labor Day.
• Paid parental leave.
• A 401k retirement savings plan with an employer match, profit-share contribution, and immediate vesting.
• Pre-tax transit benefits.
• A professional development stipend.
• A charitable giving stipend.
• An employee assistance program.