Jennifer Novak is a seasoned financial professional with proven experience to lead, manage and implement complex financial transactions. With a lengthy track record of building and maintaining relationships with tax credit investors, resulting in placement of tax credits totaling over $200 million, Novak brings nearly 25 years of finance experience to CRF.
Novak oversees CRF’s New Markets Tax Credit and CDFI Bond Guarantee Programs. She is also responsible for CRF’s capital raising, structuring and compliance efforts for both of these federal programs, which total more than $1 billion in capital activity directed toward low income communities.
Novak is also responsible for outreach, guidance, technical assistance training and education to Community Development Entities and CRF’s lending referral partners. Prior to her tenure at CRF, Novak worked at Piper Jaffray & Co. She structured tax-exempt bond transactions for municipalities, school districts, 501(c)(3) organizations, small businesses, states, and state-level issuers. She has a Bachelor of Arts from the College of Saint Benedict and a Master of Business Administration (MBA) from the University of St. Thomas.