Housing Cooperative Specialist

Background

The New Hampshire Community Loan Fund, a community development financial institution founded in 1983, is nationally recognized as an innovator in the field of community development finance and has a rich history of providing access to capital to achieve home ownership, business growth, climate solutions, sustainable agriculture, child care, and cooperatives that secure and protect access to affordable housing.

Diversity, equity, and inclusion have always been key to our success. We are an Equal Opportunity Employer, and our employees are people with different strengths, experiences, and backgrounds who share a passion for improving people’s lives.

Summary

We are looking for an energetic, talented, individual to fill a critical role in its housing program, “Resident Owned Communities New Hampshire” (“ROC-NH”). ROC-NH works with homeowners in and owners of manufactured-home parks statewide to convert those parks into communities that are owned and governed by residents, known as “resident owned communities” or “ROCs.” ROC-NH’s financing, training, and technical assistance help homeowners in ROCs build equity, achieve stable housing, develop leadership, and strengthen their communities.

Do you thrive while helping people overcome obstacles and reach their goals? Our team helps historically underserved communities achieve long-term housing stability. In this job you will assist homeowners who wish to purchase and operate their communities as cooperative corporations or resident owned communities (ROCs). From negotiating the commercial real estate purchase, to adding value through strong relationships and cooperative solutions, you will find meaningful work. The successful applicant will also be responsible for providing general governance related technical assistance to an assigned portfolio of ROCs. This position involves regular weekend and night commitments and in-state travel.

Responsibilities

Housing Cooperative Specialist

• Mobilize people for collective decision making. Assist cooperatives in the acquisition process by organizing and facilitating meetings of manufactured-home-park residents and providing guidance on the potential purchase of their community through a time-constrained acquisition process or negotiated sale.
• Coordinate attorneys, bankers, and engineers as necessary to help new cooperative boards analyze potential commercial real estate purchase.
• Prioritize multiple tasks, meet deadlines, and coordinate stakeholders through the financing and purchase process.
• Provide input in preparing and presenting credit memos and proformas for loan committees.
• Assist in preparation of all documents necessary to complete acquisitions.
• Help communities build skills by providing training resources to develop community bylaws, rules, and documentation, including membership and occupancy agreements.
• Adhere to policies, procedures, and regulatory guidelines, including fair lending and ethical behavior.

Technical assistance

• Provide governance support and ROC management guidance to an assigned portfolio of ROCs, including but not limited to regularly attending board and membership meetings, helping ROC boards and members navigate and apply their governing documents, monitoring ROC budgets and meeting minutes, capturing and updating important ROC related information in internal records and databases, facilitating ROC self-assessments, connecting ROCs with external resources as appropriate, and being ROC-NH’s primary point of contact for the assigned ROCs. Technical assistance helps ROCs build skills and to understand the roles and responsibilities necessary to effectively manage the ROC while fostering empowerment, community spirit, and self-sufficiency
• Support all aspects of community financial and loan compliance, including plans to assess organizational health, troubleshoot problems, and develop goals and action plans.

Team player

• Support ROC-NH team members by sharing knowledge, acting as a back-up, and participating in team initiatives.
• Complete updates and summaries for databases and weekly team meeting.
• Embrace the Values of the organization: We live respect, we embrace challenges, and we advance equity.
• Contribute to information sharing through blogs and social media.

Requirements

• Bachelor’s degree or equivalent experience.
• Current New Hampshire real estate salesperson or broker’s license or is willing to complete licensure in first six months of employment as directed and financially supported by the New Hampshire Community Loan Fund.
• Experience with project-management, real estate development, and/or financing systems.
• Experience with Salesforce and Monday.com a plus.

Compensation and Benefits

Salary range starts at $55,000.

The Community Loan Fund’s current benefit package which includes medical and dental coverage, group life and disability options, health, and dependent care Flexible Spending Accounts and our 401(k) Plan.

How to Apply

If this description is a good fit, we would love to hear from you! Please send a resume with cover letter to jobopening@communityloanfund.org.

No phone calls, please.

Equal Opportunity Employer

Visit us at www.communityloanfund.org