Evernorth · 18 hours ago
New Markets Tax Credit Program Manager
Burlington, VT
Full-time
Hybrid
Mid, Senior Level
$70K/yr - $100K/yr
3+ years expEvernorth is dedicated to creating inclusive communities through its New Markets Tax Credit (NMTC) program. The NMTC Program Manager will oversee the daily operations of the program, ensuring compliance and managing a pipeline of NMTC investments while supporting strategic goals and deliverables.
Financial ServicesLeasingReal Estate
Hiring Manager
Jennifer Ogden, MHR/LR, SPHR
Responsibilities
Plan, develop, and manage a pipeline of qualified NMTC investment opportunities that align with Evernorth Rural Ventures’ (ERV) business strategy, NMTC program requirements, and Evernorth impact objectives
Manage the full lifecycle of NMTC transactions from intake and pipeline placement through investment proposal, closing, and compliance. Ensure complex transaction underwriting and closing documentation; requisitioning, payment, and distribution of funds; compliance reporting; and unwind for each project
Support sponsors and developers in their efforts to bring forward a financeable NMTC transaction. Collaborate with senior leadership and sponsor teams to secure debt and equity capital for NMTC transactions
Maintain relationships with NMTC investors and lenders, and other financial partners
Analyze potential NMTC opportunities, anticipate challenges, and mitigate structural, operational, and compliance risks
Work with compliance and asset management consultants to ensure adherence to CDFI Fund allocation agreements, QALICB compliance, and investor requirements, including CDFI Fund reporting
Work with senior leadership to negotiate deal terms and evaluate key transaction points
Manage attorneys, accountants, and external consultants to ensure timely and accurate execution of legal and financial documentation
Work with Finance to ensure investor reporting, sub-CDE operations, capital flow, payments, disbursements, and unwinds of investments
Work with Risk Management to ensure project requisitioning of funds compliance and alignment with approved budgets and timelines
Staff ERV Governing and Advisory Boards
Prepare or oversee preparation of project summaries, investment proposals, and impact documentation consistent with ERV’s business strategy, investment criteria, and risk management protocols
Assist in planning, writing, and managing future NMTC allocation applications
Collaborate with other NMTC allocatees when ERV’s allocation is insufficient
Maintain a working level knowledge of NMTC program compliance, NMTC tax issues, federal and state funding and incentive programs, and financing options
Support other Evernorth business activities, as needed
Qualification
Required
Bachelor's degree in business, finance, economics, real estate, or related field required
Valid Driver's License required
Criminal background check
3+ years of direct NMTC experience; or five years of related experience in community or economic development, tax credit incentivized, or Community Development Financing Institution (CDFI) financing; complex business or commercial real estate development financing fields
Experience in underwriting complex economic development, real estate tax credit, community development or financing
Working knowledge navigating complex financial models, tax benefit financing structures, programmatic compliance, investor objectives, mission, and credit risk
Key competencies include real estate or community development finance and underwriting; analytical and critical thinking; solution-oriented problem solving; project management; interpersonal skills; and promoting the mission of Evernorth to its partners and the public through a variety of means
Building and maintaining strong relationships with professional integrity
Proficiency in Microsoft Office (Excel, Word, Outlook)
Strong organizational, analytical, problem-solving, and financial analysis skills
Excellent written and verbal communication; effective relationship builder; and proactive initiative taker
Skilled at working with a wide variety of people in a wide variety of locations via phone, video, email, and in person
Skilled negotiator to move all parties toward shared goals and resolution of issues
Capable of managing multiple, time-sensitive transactions at different stages concurrently
Comfort with complex spreadsheets and fast-paced environments
Adaptability, focus, and responsiveness to shifting priorities
Commitment to Evernorth's mission and community impact
Preferred
Formal real estate, tax credit, economic development, community development, business credit, underwriting or financial analysis training is strongly desired
Working knowledge of raising and deploying capital for community development, NMTC syndication, and CDFI Fund NMTC program requirements preferred
Familiarity with array of legal documents used in tax credit or real estate financing
Company
Evernorth
Evernorth unites Housing Vermont and Northern New England Housing Investment Fund together as a single nonprofit organization.
51-200 employees
Funding
Current Stage
Growth StageTotal Funding
unknownKey Investors
Federal Home Loan Bank of Boston
2025-12-19Grant
Leadership Team
Eric Schmitt
Chief Operating Officer
Cynthia Lacasse
Executive Vice President & Chief Program Officer
Recent News
2026-01-11
2026-01-09
Behavioral Health Business
2026-01-07
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