Impact Finance - Affordable Housing Business Development Officer
Location: Multiple locations
Employment Type: Full-time
Work Arrangement: Hybrid
Requisition ID: 2026-0011006
About the Employer
U.S. Bancorp Impact Finance is the tax credit and community development division of U.S. Bank. The organization believes all people have a right to the possibilities that comes with living in a safe and vibrant community. The financing provided for affordable housing, economic development, and renewable energy projects have a lasting social and environmental impact in communities.
Role Summary
The Affordable Housing Business Development Officer will be responsible for the origination of LIHTC investments that support the development of affordable housing and community and economic development projects across the country. This role reports to the Executive leadership and requires extensive relationship building with project sponsors, consultants, community stakeholders, lenders, and other industry partners. The position offers a hybrid schedule with an in-office expectation of 3 or more days per week.
What You'll Do
- Originate LIHTC investments to support affordable housing and community development projects across the country
- Build and actively maintain relationships with project sponsors, consultants, community stakeholders, lenders, and industry partners
- Source, structure, negotiate, and transition LIHTC equity investments to meet Impact Finance's production goals
- Manage the credit quality of transactions originated and advance pricing strategy
- Collaborate with Project and Asset Management, Syndications, Finance, Lending, Business Impact, and Environmental, Social, and Governance (ESG) groups
- Travel extensively to meet with project sponsors, developers, community partners, investors, and attend industry conferences
Required Qualifications
- Bachelor's degree or equivalent work experience
- 10 or more years of financial services experience
- 3 or more years of management or direct tax credit business development experience
Preferred Qualifications
- Master's degree or equivalent advanced degree in business, law, finance, or accounting
- Advanced knowledge of and ability to communicate effectively about the LIHTC program, tax and accounting concepts, or partnership law
- Established affordable housing developer client portfolio that can be brought to U.S. Bank through years of cultivated relationships
- Strong relationships with institutional investors in the affordable housing space or experience raising capital from such investors
- Ability to identify obstacles and manage expectations, both internally and externally
- Demonstrated leadership presence and ability to problem solve and propose nuanced deal structures using technical expertise
- Strong customer relationship skills and effective collaboration across teams
- Prior sales or business development experience
- Prior underwriting experience and proficiency in building and reviewing project financial models
Compensation
$143,905–$169,300
Benefits
Healthcare (medical, dental, vision), basic and optional term life insurance, short-term and long-term disability, pregnancy disability and parental leave, 401(k) and employer-funded retirement plan, paid vacation (2–5 weeks depending on salary grade and tenure), up to 11 paid holiday opportunities, adoption assistance, sick and safe leave accruals of 1 hour for every 30 worked (up to 80 hours per calendar year unless otherwise provided by law), incentive and recognition programs, and equity stock purchase.
Physical Requirements & Working Conditions
This role requires the ability to travel extensively to meet with project sponsors, developers, community partners, and investors, and to attend industry conferences.
Additional Information
U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies. U.S. Bank conducts background checks consistent with applicable local laws and federal requirements including Section 19 of the Federal Deposit Insurance Act (FDIA). Certain positions may be subject to requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to agreements related to ethics, safety, or operational procedures. The posting may be closed earlier due to high volume of applicants.
Equal Opportunity Statement
U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.