Chief Lending and Credit Officer - Partners for the Common Good
Partners for the Common Good (“Partners”) is a national community development finance organization that operates a family of companies with a common mission to advance economic justice and racial equity by partnering with and strengthening mission focused to bring capital, create opportunity, and build wealth for low-income people and communities.
As industry experts, Partners provides opportunities for capacity building, tailored financial services, impact measurement, and public policy advocacy to our network. Our unique business model is driven by the partnerships within our network of CDFI’s that provide responsible capital to communities across the United States. We also develop collaborative opportunities within the broader finance industry, impact depositors and mission-aligned institutions who see value in community development finance as a systemic solution to stabilizing vulnerable communities.
Partners operates the following entities:
- PCG Loan Fund (PCG) – PCG is a national CDFI lending network with local impact focused on affordable housing and community facilities finance. www.pcgloanfund.org;
- Community Development Bankers Association -- CDBA is the national trade association for the CDFI, MDI and mission focused banking sector and advocates for the industry and communities they serve, www.cdbanks.org;
- CapNexus – is a community development finance and industry networking and information sharing platform www.capnexus.org
Founded in 2000, Partners’ created the CDFI industry’s first wholesale loan participation network that today has partnered with 50+ CDFIs in Washington, DC and 38 states, currently originates $18-20 million in participation transactions annually, and currently has an outstanding portfolio of nearly $50 million. In 2021, PCG launched the $50 million Economic Justice Partnership Fund (EJPF), an innovative off-balance sheet facility to expand PCG’s product offerings to the CDFI community. PCG also participates as a community development entity (CDE) allocating New Markets Tax Credits (NMTC). To date, PCG has received $85 million in NMTCs. PCG also provides contract servicing, monitoring, and advisory services for impact-focused external portfolios.
Our work is pioneering in its creation of new tools and infrastructure for community development finance organizations to manage portfolios and grow their scale and impact.
PCG’s office and the position is located in Washington DC.
The Chief Lending and Credit Officer is a senior management position. The incumbent will oversee PCG’s lending and loan participation programs and play a key role in cultivating new lending partners as well as direct borrowers. The Chief Lending and Credit Officer will report to the Chief Executive Officer and will directly manage a lending and portfolio management team.