Arnold Ventures is a philanthropy whose core objective is to maximize opportunity and minimize injustice. We are dedicated to tackling some of the most pressing problems in the United States. We invest in sustainable change, building it from the ground up based on research, deep thinking, and a strong foundation of evidence. We drive public conversation, craft policy, and inspire action through education and advocacy.
Position Overview
In recent years, Arnold Ventures has piloted impact investments in various areas. Through these pilots, it has become clear that the time is ripe to launch an impact investing initiative focused on affordable housing to deepen our work and leverage capital markets to catalyze innovation and address the affordable housing crisis at scale. Initial investments will primarily focus on high impact affordable housing projects and closing the financing gap for underrepresented developers.
The Director will be responsible for sourcing, underwriting and structuring impact investments opportunities across at least one region, as well as managing current investments. This position will be located in either the Washington, DC or Houston offices and will report to the Executive Vice President of Impact Investing, Affordable Housing.
Core 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, negotiating and execution of equity investments, including performing underwriting on developer enterprises and/or affordable housing projects.
- Manage and support investments in partnership with the portfolio manager and finance and legal teams.
- Develop and manage relationships with future and current investees to cultivate investments opportunities and market awareness of Arnold Ventures’ work.
- Bolster Arnold Ventures effort to support the growth of impact investing within the affordable housing sector by engaging and working with key investors and developers within the sector.
The salary range for this position will be $145,000-$200,000.
Our Culture and Core Values
Our culture seeks to inspire and empower our people to innovate and develop bold ideas that will help Arnold Ventures achieve lasting impact. Our culture, and the core values that support it, should create an environment that spurs our team to think outside the box, feel comfortable pushing the boundaries of what is possible, and signal confidence in our team’s ability to make change happen through our philanthropic efforts.
- We are adaptable and comfortable with ambiguity.
- We are intellectually curious, open-minded, objective, humble, collegial, and receptive to feedback.
- We are action-oriented with strong self-direction and self-motivation skills with the ability to work simultaneously on multiple projects.
- We are able to interact confidently and collaboratively with team members and navigate relationships with external experts, government leaders, advocates, and individuals.
Arnold Ventures is an equal opportunity employer, committed to a diverse and inclusive workplace. All qualified applicants will be considered for employment without regard to race, color, religion, national origin, age, sex, gender identity or expression, marital status, sexual orientation, disability, military/veteran status, or any basis prohibited by applicable law.
Acknowledging the importance of diverse perspectives, Arnold Ventures is committed to employing individuals from a variety of backgrounds and with a variety of experiences. Members of historically marginalized communities and candidates who have been impacted by the systems we are seeking to change are strongly encouraged to apply.
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