KeyBank

Sr. Banker, Community Development Lending

KeyBank$128K — $268K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 3-7 years of experience in low-income housing tax credit (LIHTC) originations and investments.
  • Familiarity with community development lending and commercial real estate programs like Fannie Mae, Freddie Mac, and HUD is advantageous.
  • Bachelor's degree in Business, Finance, Economics, Urban Planning, or Real Estate is required.
  • Proven track record in business development and creative sales strategies.
  • Experience engaging a diverse client base including for-profit and non-profit housing developers and authorities.
  • Comprehensive understanding of LIHTC investments, tax-exempt bond financing, and government loan programs.
  • Strong communication skills with an emphasis on serving low-to-moderate income communities.

Responsibilities

  • Originate multi-family affordable housing investments with clients.
  • Cultivate and maintain relationships with key partners and prospects in the affordable housing sector.
  • Develop targeted marketing strategies for specific regions and clientele in collaboration with internal teams.
  • Cross-sell financial solutions and bank products to clients effectively.
  • Negotiate and structure transactions that uphold the viability of real estate partnerships.
  • Monitor competition and industry trends in affordable housing.

Benefits

  • 401(k) matching (dollar-for-dollar up to 7%).
  • Generous PTO and fitness reimbursement options.
  • Tuition reimbursement for professional development.
  • Access to on-the-job training and resources for skill enhancement.
  • Opportunity to build lasting client relationships in the affordable housing sector.
Full Job Description
Location:
1 N Wacker Drive, Chicago Illinois

Originator to market, structure, negotiate and originate low-income housing tax credit investments. The originator will be responsible for sourcing opportunities, developing and maintaining relationships.

WHAT YOU'LL GET FROM THIS OPPORTUNITY:
• A competitive base salary + annual discretionary bonus.
• Generous benefits - 401(k) matching (dollar-for-dollar up to 7%), PTO, fitness and tuition reimbursement and so much more.
• On the job training and access to a library of on-demand professional development tools, training courses, and a formal enterprise mentoring program.
• You will build deep client relationships with owners and investors of affordable housing properties.
• You will have the opportunity to "own" / manage the region and market for which you are aligned. We look for people who have a book of business and can manage existing relationships.
• Join a growing and expanding team rooted in economic reward for the communities in which we live and play for long term sustainability in affordable housing.
• Access to internal partners and leadership based on Key's Regional Bank size.

ESSENTIAL JOB FUNCTIONS:
• Originate affordable housing multi-family investments with both existing and new clients
• Identify and maintain relationships with high profile clients and prospects, organizations and agencies involved in the affordable housing industry
• Develop marketing plans and strategies for specific regions and clientele, in conjunction with other teams within the organization
• Create an approach to cross-sell all aspects of financial solutions and bank products to clients
• Negotiate, secure and structure transactions up front to ensure that the viability of the real estate is maintained for the term of the Partnership
• Awareness of competition and trends within the affordable housing industry

REQUIRED QUALIFICATIONS:
• 3 years of LIHTC originations experience, 5-7 years' experience in low income housing tax credit investments,
• Knowledge of community development lending, or commercial real estate lending programs including Fannie, Freddie, and HUD is a plus
• The ideal candidate will have a Bachelor's Degree in Business, Finance, Economics, Urban Planning or Real Estate.
• Experience implementing creative selling and innovative problem solving techniques
• Proven ability to drive a business development effort individually and as a part of a team
• Proven ability to work with a wide range of clients, including for-profit and non-profit developers and housing authorities of all sizes and varying levels of sophistication
• Proven experience and broad understanding of LIHTC investments, tax exempt bond financing and other government loan programs for housing development and other non-traditional investment products and programs
• Demonstrated sensitivity to the financial needs of low-to-moderate income individuals/communities and the developers and non-profit partners that serve them
• Demonstrated proficiency in executing a disciplined sales process
• Strong knowledge of financial markets
• Strong verbal and written communication skills
• Ability to travel

PREFERRED QUALIFICATIONS:
• Recognition as an affordable housing and/or community development industry expert.
• Strong knowledge of real estate fundamentals and underwriting as well as sales training and/or skills.
• Ability to travel throughout territory to support the assigned client base and business development prospects.

COMPENSATION AND BENEFITS
This position is eligible to earn a base salary in the range of $128,000.00 - $268,000.00 annually. Placement within the pay range may differ based upon various factors, including but not limited to skills, experience and geographic location. Compensation for this role also includes eligibility for incentive compensation which may include production, commission, and/or discretionary incentives.

Please click here for a list of benefits for which this position is eligible.

Key has implemented an approach to employee workspaces which prioritizes in-office presence, while providing flexible options in circumstances where roles can be performed effectively in a mobile environment.

Job Posting Expiration Date: 07/31/2026

#LI-Remote

About KeyBank

Shockingly, nearly 9-in-10 people who get their real estate license in America fail. We're solving that problem; And doing it while increasing profitability for the brokerage. Through technology, business automation, and a team approach we have created a system where agents focus solely on working with clients and closing deals.

KeyBank Careers

Joining KeyBank means stepping into a world of professional growth and innovation, where job opportunities abound in an environment that values leadership, diversity, and forward-thinking. As a member of our team, you will be part of a company that's committed to empowering your career journey while contributing to the financial wellness of our communities.

Work You'll Do

At KeyBank, we're not just in the business of banking; we're in the business of helping individuals and communities thrive. By joining our team, you will have the chance to be part of a culture that celebrates diversity and fosters leadership and professional development. Whether you're looking for a position in customer service, IT, finance, or management, KeyBank offers a variety of roles suited to your skills and career aspirations.

Innovate and Lead

KeyBank stands at the intersection of finance and innovation. Our employees are encouraged to lead with creativity and integrity, driving solutions that make a real difference. With a focus on digital transformation and sustainable growth, your work at KeyBank will challenge the status quo and encourage you to explore new ideas.

Grow Your Career

Career growth at KeyBank is not just a possibility—it's a priority. We are dedicated to your professional development through comprehensive training programs, leadership workshops, and continuous learning opportunities. Our commitment to your growth is matched by our dedication to inclusion, ensuring all voices are heard and valued.

Be Part of a Great Team

Our team at KeyBank is our strongest asset. We believe in using our collective skills to foster an environment of innovation and collaboration. Join us and connect with colleagues who are just as passionate and driven as you are. Through teamwork, we achieve exceptional results and push the boundaries of what's possible in the banking sector.

Internship and Employment Opportunities

For those starting their careers, KeyBank offers robust internship and employment opportunities that provide a solid foundation in the financial industry. Interns at KeyBank gain hands-on experience, beneficial networking connections, and insights into our day-to-day operations, setting the stage for a successful career.

Benefits and Culture

KeyBank is committed to offering benefits that enhance your life and well-being. From healthcare to retirement plans, and flexible working conditions, we ensure our employees are well taken care of. More than just benefits, our company culture is built on respect, integrity, and accountability—values that guide us in making a positive impact on our clients and communities.

Join Our Team

Explore the job opportunities at KeyBank and find the right fit for your skills and interests. We are continuously hiring and looking for individuals who are curious, innovative, and ready to make a difference. Prepare your resume, ace your interview, and join a team that's dedicated to your success and to transforming the landscape of banking.

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Join KeyBank and be part of a company where your career is as important to us as it is to you. Together, let's unlock opportunities for growth, innovation, and meaningful impact in the financial world.
Learn more about KeyBank
Size
17,110 employees
Market Cap
$16 billion
Industry
Net Income
$1.3 billion
Founded
1825
5 Year Trend
+5.6%
NASDAQ

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