Jonathan Springer Email & Phone Number

New York, New York, United States

Bronx, NY

• Led the finance team of a $35 million organization to turn an operating deficit into a surplus. Paid off borrowings, procured a partially-forgiven PPP loan, and raised a 6-month operating reserve.
• Doubled the housing portfolio to 565 units. Facilitated the construction of 25,000+ square feet of new commercial space and renovation of a similar amount of community facility space.
• Motivated an IT staff to improve network connections and cyber security for 150+ users working across three main locations and remote work during the pandemic. Oversaw the conversion from paper to electronic file.

New York, New York

• Managed mortgage originations for New York City’s housing finance agency, including over $600 million of affordable housing construction loans.
• Structured transactions, interacting closely with real estate developers, lenders, equity investors, other government agencies and other HDC departments including capital markets.

• Structured and underwrote credit facilities totaling $86 million to finance the construction of affordable housing.
• Managed $200 million portfolio of construction and term loans. Responsible for monitoring, including risk rating and annual reviews.

• Oversaw financial analysis unit for New York State’s economic development agency, determining State subsidy required to incentivize private sector capital investments.
• Raised $30 million New Markets Tax Credit allocation.
• Managed disposition of surplus State property together with other State agencies.
• Represented ESDC on board of the Harlem Community Development Corporation.

• Sourced, underwrote and managed construction and permanent loans and credit enhancements for real estate development in low-income communities.
• Closed credit facilities totaling $493 million and assisted in the closing of two transactions totaling an additional $422 million.
• Received Citibank “Circle of Excellence” award for outstanding performance.

• Co-founded a non-profit financial intermediary to finance workforce development nonprofits: developed business plan, raised $2 million working capital, and recruited clients, investors and board of directors.
• Developed innovative financial and legal structure for syndication of employment tax credits.

Greater New York City Area

• Clients included:
• New York University Furman Center for Real Estate & Urban Policy (2004-05): Project Director for research study on cost of new housing construction.
• New York City Housing Partnership (2004): Underwrote financing for affordable housing development.
• Community Development Financial Institutions Fund (2003-04): Scored New Markets Tax Credit allocation applications.
• Community Development Venture Capital Alliance (2000-2002): Conducted financial and policy analysis of New Markets Tax Credit and Venture Capital programs.
• Local Initiatives Support Corporation (2000-01): Developed employment tax credit syndication model.

Columbia, Maryland

• Underwrote equity investments in commercial real estate exceeding $17 million.
• Managed a fund for the syndication of employment tax credits.

• Negotiated purchase of multifamily homes on behalf of tenant associations.
• Raised over $1 million in debt and equity financing for building purchase/renovation.

Jerusalem, Israel

• Evaluated funding requests and presented recommendations to board of directors.
• Monitored expenditures, disbursed funds and assessed program impact for grants.

Doctor Of Law - Jd

Mba, Finance

Ab, Comparative Religion