Director of Finance

Background

Trust Neighborhoods is a nonprofit dedicated to helping neighborhoods facing gentrification fight displacement and direct their own investment. Our team is motivated by reversing decades of unjust and racist disinvestment in our centrally located neighborhoods and a belief that a different future for neighborhoods is possible, necessary, and urgent. We believe that there can be more neighborhoods that are diverse, mixed-income, and deliver opportunity for everyone.

Trust Neighborhoods works with existing neighborhood-based organizations across the US in communities at risk of gentrifying and helps them secure affordable housing and retail before pricing pressure displaces renters. Core to Trust Neighborhoods’ work is creating the Mixed-Income Neighborhood Trust (MINT) model. Trust Neighborhoods supports neighborhood-based organizations in launching MINTs that use outside investment to buy, renovate, build, and manage high-quality, affordable rental housing and retail to preserve affordability, prevent displacement, and enable community governance.

Trust Neighborhoods created the MINT model in 2020 and has launched four MINTs in Boston, Fresno, Tulsa, and Kansas City. In just over 3 years, the MINT model has gained national recognition as an innovative and promising solution to housing affordability, including being selected into UC Berkeley’s Housing Lab and as a finalist for the Enterprise / Wells Fargo Housing Affordability Breakthrough Challenge. We are building our team to meet the demand we’re seeing for MINTs from dozens more communities across the country. 

Summary

Trust Neighborhoods is seeking a Director of Finance to join our growing team. This role is central to the launch and growth of each MINT and involves working with grantors, investors, lenders, accountants, and other financial partners alongside neighborhood stakeholders. We are seeking an experienced financial professional to deploy their skills in service of communities and in development of the MINT model. The success of the MINT model is dependent on its ability to raise and deploy large pools of capital while keeping impact at the center of the work, and this role will be critical in helping define and cultivate that funder ecosystem. To date, this community has included investors such as Chan Zuckerberg Initiative, BDT & MSD, and the Boston Impact Initiative, and advisors including Mission Driven Finance, Morgan Lewis, and Goulston & Storrs.

Responsibilities

• Report to the Chief Product Officer and provide key capacity in real estate underwriting for acquisitions, including financial due diligence and modeling
• Work with financial partners–including lenders, impact investors, and grantors–on structuring investments and partnerships 
• Work closely with neighborhood partners and across the Trust Neighborhoods team, both (a) in the development of new MINTs and (b) on advising existing MINTs. This includes building a MINT’s financial capacity including diligencing and underwriting acquisitions, securing debt financing, and preparing investor materials
• Have interest in being part of an entrepreneurial growing team

Requirements

• 3+ years professional experience with financial analysis
• Proficiency working in excel
• Strong attention to detail and process
• Comfort with juggling multiple tasks at once
• Experience with summarizing and presenting complex information through Google Suite (Slides, Docs) and Microsoft Suite (PowerPoint, Word)
• Background with real estate finance in community development, affordable housing, or other relevant development experience preferred
• Spanish language proficiency preferred

Compensation and Benefits

• Remote work
• Salary based on experience ($120,000-140,000 per year)
• Unlimited PTO/Sick leave
• Healthcare including medical, dental, and vision

How to Apply

Please email a resume and short description of your interest to natalie.gauger@trustneighborhoods.com. Applications are being reviewed on a rolling basis.