RBC
Director -Multifamily/Workforce Housing Equity Investments
RBC, Charlotte, North Carolina, United States, 28245
Job Description
What is the opportunity?
RBC Capital Markets – Community Investments (www.rbccm.com/Community Investments or “RBCCI”), part of the Royal Bank of Canada (RBC) firm, is a leading national syndicator of Federal and State Low Income Housing Tax Credits (LIHTC), Historic Rehabilitation Tax Credits (HRTC), New Markets Tax Credits (NMTC), Renewable Energy Tax Credits (RETC) and Workforce Housing Investments (WFH).
RBCCI is expanding its housing platform targeting the fast-growing workforce housing segment, backed by private institutional and non‑institutional (accredited) capital that is not reliant on tax credits or government subsidies for feasibility. WFH investments for RBCCI include both new construction and value add/rehab multifamily housing assets (financed without tax credits) with the majority of units at rent restricted to and tenant incomes below 80% to 120% of Area Median Income (AMI); the balance of the units can be unrestricted and rented up to market achievable rents.
As part of the expansion of RBCCI’s affordable housing platform, the Director, Workforce Housing Investments will be responsible for the investment strategy, marketing plan and execution of WFH equity investments originating from RBCCI to institutional and non‑institutional (accredited) originating from RBCCI. This individual will develop and manage investor relationships new to RBCCI, as well as serve as a liaison between RBCCI and RBC Capital Markets for existing investor relationships within the bank.
What will you do?
The Director, Workforce Housing Investments is responsible for new client development and retention of institutional and non‑institutional (accredited) investors necessary to scale the WFH platform
In cooperation with the Head of Originations and Syndications for RBCCI and the WFH team, jointly call on investor clients where cross‑over between tax credit syndication and WFH investments may be possible
The position will develop and execute an effective investment strategy, marketing and calling plan to targeted equity investors interested in multifamily affordable/workforce (WFH) housing real estate assets
Development of a data/research driven framework reflecting the need for workforce housing within the United States to highlight the risk‑adjusted return profile available to prospective investor clients
Present investment opportunities to potential investors to secure investor commitments
Manage the RCCCI’s WFH pipeline of potential investments for investor clients and funds
Manage, coordinate and participate in investor sponsor reviews of RBC Community Investments
Identify suggestions for improvement to the WFH underwriting process and deliverables to enhance materials for investors to facilitate a successful transaction and meet investor expectations
Collaborate with teams and provide investor relationship management support on execution and closing of investments
Communicate fund closings, structures and modeled pricing to applicable Construction Risk Managers, Asset Managers, Fund Managers and Financial Management through the Fund Management "hand‑off" meeting process
Review and comply with Firm Policies and regulatory requirements applicable to WFH business activities
Contribute to an exceptional employee experience through strong people leadership practices that amplify our Collective Ambition and exemplify the Leadership Model to inspire, support and empower employees to achieve their potential
Growth mindset and a focus on always learning; promotes a values‑based and inclusive workplace; embraces diverse styles and perspectives; Actively mitigates bias and improves diversity representation
What do you need to succeed? Must-have
Individual must possess a Bachelors of Business Administration, Finance, Accounting or Economics, along with 7 to 10 years of experience in multifamily real estate finance/capital markets with a strong track record of fundraising and closing with a wide network of institutional and non‑institutional (accredited) investors
Proven experience raising capital with established investor relationships for multifamily real estate platforms – family offices, pensions, private equity funds, investment managers, capital advisory firms, etc.
Position requires a thorough understanding of multifamily real estate finance, financial modeling, underwriting, corporate accounting and extensive financial analysis and negotiation skills
In depth understanding of real estate debt and equity capital markets in a multifamily housing context
Experience in assessing complex structures and making decisions with significant financial impact
Inherent need for proficiency in MS-Office, MS-Outlook, strong interpersonal skills, and excellent verbal and written communication and presentation skills
The ability to work independently, as well as collaboratively, with multiple individuals in multiple locations
Nice-to-have
A strong preference for affordable/workforce housing experience necessary for effective client communication
What’s in it for you? We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.
Job Skills Adaptability, Critical Thinking, Customer Service, Detail‑Oriented, Financial Engineering, Financial Statement Analysis, Investments Analysis, Personal Development, Personal Initiative, Teamwork
Additional Job Details Address: 6805 CARNEGIE BOULEVARD, # 100:CHARLOTTE
City: Charlotte
Country: United States of America
Work hours/week: 40
Employment Type: Full time
Platform: CAPITAL MARKETS
Job Type: Regular
Pay Type: Salaried
Posted Date: 2025-08-01
Application Deadline: 2025-08-02
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above.
Inclusion and Equal Opportunity Employment At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.
Join our Talent Community. Stay in‑the‑know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you. Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well‑being of our clients and communities at jobs.rbc.com.
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RBCCI is expanding its housing platform targeting the fast-growing workforce housing segment, backed by private institutional and non‑institutional (accredited) capital that is not reliant on tax credits or government subsidies for feasibility. WFH investments for RBCCI include both new construction and value add/rehab multifamily housing assets (financed without tax credits) with the majority of units at rent restricted to and tenant incomes below 80% to 120% of Area Median Income (AMI); the balance of the units can be unrestricted and rented up to market achievable rents.
As part of the expansion of RBCCI’s affordable housing platform, the Director, Workforce Housing Investments will be responsible for the investment strategy, marketing plan and execution of WFH equity investments originating from RBCCI to institutional and non‑institutional (accredited) originating from RBCCI. This individual will develop and manage investor relationships new to RBCCI, as well as serve as a liaison between RBCCI and RBC Capital Markets for existing investor relationships within the bank.
What will you do?
The Director, Workforce Housing Investments is responsible for new client development and retention of institutional and non‑institutional (accredited) investors necessary to scale the WFH platform
In cooperation with the Head of Originations and Syndications for RBCCI and the WFH team, jointly call on investor clients where cross‑over between tax credit syndication and WFH investments may be possible
The position will develop and execute an effective investment strategy, marketing and calling plan to targeted equity investors interested in multifamily affordable/workforce (WFH) housing real estate assets
Development of a data/research driven framework reflecting the need for workforce housing within the United States to highlight the risk‑adjusted return profile available to prospective investor clients
Present investment opportunities to potential investors to secure investor commitments
Manage the RCCCI’s WFH pipeline of potential investments for investor clients and funds
Manage, coordinate and participate in investor sponsor reviews of RBC Community Investments
Identify suggestions for improvement to the WFH underwriting process and deliverables to enhance materials for investors to facilitate a successful transaction and meet investor expectations
Collaborate with teams and provide investor relationship management support on execution and closing of investments
Communicate fund closings, structures and modeled pricing to applicable Construction Risk Managers, Asset Managers, Fund Managers and Financial Management through the Fund Management "hand‑off" meeting process
Review and comply with Firm Policies and regulatory requirements applicable to WFH business activities
Contribute to an exceptional employee experience through strong people leadership practices that amplify our Collective Ambition and exemplify the Leadership Model to inspire, support and empower employees to achieve their potential
Growth mindset and a focus on always learning; promotes a values‑based and inclusive workplace; embraces diverse styles and perspectives; Actively mitigates bias and improves diversity representation
What do you need to succeed? Must-have
Individual must possess a Bachelors of Business Administration, Finance, Accounting or Economics, along with 7 to 10 years of experience in multifamily real estate finance/capital markets with a strong track record of fundraising and closing with a wide network of institutional and non‑institutional (accredited) investors
Proven experience raising capital with established investor relationships for multifamily real estate platforms – family offices, pensions, private equity funds, investment managers, capital advisory firms, etc.
Position requires a thorough understanding of multifamily real estate finance, financial modeling, underwriting, corporate accounting and extensive financial analysis and negotiation skills
In depth understanding of real estate debt and equity capital markets in a multifamily housing context
Experience in assessing complex structures and making decisions with significant financial impact
Inherent need for proficiency in MS-Office, MS-Outlook, strong interpersonal skills, and excellent verbal and written communication and presentation skills
The ability to work independently, as well as collaboratively, with multiple individuals in multiple locations
Nice-to-have
A strong preference for affordable/workforce housing experience necessary for effective client communication
What’s in it for you? We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.
Job Skills Adaptability, Critical Thinking, Customer Service, Detail‑Oriented, Financial Engineering, Financial Statement Analysis, Investments Analysis, Personal Development, Personal Initiative, Teamwork
Additional Job Details Address: 6805 CARNEGIE BOULEVARD, # 100:CHARLOTTE
City: Charlotte
Country: United States of America
Work hours/week: 40
Employment Type: Full time
Platform: CAPITAL MARKETS
Job Type: Regular
Pay Type: Salaried
Posted Date: 2025-08-01
Application Deadline: 2025-08-02
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above.
Inclusion and Equal Opportunity Employment At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.
Join our Talent Community. Stay in‑the‑know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you. Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well‑being of our clients and communities at jobs.rbc.com.
#J-18808-Ljbffr