Position Announcement: Director, Foreclosure Recovery Project

[Community Development Banking List]

Original message from: Ashley.Pickell@self-help.org

Hi all,

Self-Help has an exciting opportunity for a talented individual to lead and grow its Foreclosure Recovery Project in California. This innovative project was launched in 2010 to provide affordable home ownership opportunities to low-income homebuyers through the purchase and rehab of foreclosed properties. The project has gained very positive momentum and we are looking for someone who can take the project to the next level. Please send resume and cover letter to hiringmanager@self-help.org<mailto:hiringmanager@self-help.org> by June 7th.


Position: Director, Foreclosure Recovery Project

Location: Oakland, CA


About Self-Help:
Self-Help is a nationally recognized nonprofit community development lender, real estate developer, and credit union. Since its founding in 1980, it has provided more than $5.95 billion of financing to over 71,000 families of modest means, small businesses and nonprofit organizations. Self-Help's affiliate, the Center for Responsible Lending (CRL), conducts research and advocates for state and national legislation to address predatory lending practices and policies.

In 2006, Self-Help expanded to California in further pursuit of its mission: creating and protecting ownership and economic opportunity for all, especially people of color, women, rural residents and low-wealth families and communities. Its two primary efforts in California are building Self-Help Federal Credit Union into a statewide network of branches serving working families and generally underserved communities and addressing the foreclosure crisis through its Foreclosure Recovery Project.

Position Description:
Self-Help is seeking candidates for a Director to oversee all aspects of operating and growing its Foreclosure Recovery Project in California. Self-Help launched its Foreclosure Recovery Project to provide homeownership opportunities to low-income families in the East Bay who are struggling to compete with all-cash investors to purchase their own home in this current market. Self-Help buys foreclosed properties, rehabs them, and sells them to low-income, owner-occupant families; giving low and very-low income homebuyers the chance to own their own home. The project is executed through a coalition of partners with Self-Help playing the central project manager role. Since launching the Foreclosure Recovery Project as a pilot in 2010, Self-Help has purchased 12 foreclosed properties and completed sales on 5 of these properties to low-income owner-occupants. The project was launched with the intent of being financially self-sustaining. We expect to reach self-sustainability in 2012 and are therefore exploring expansion possibilities.

Longer-term, the Director will explore how single family residential development fits into the larger Self-Help California strategy (residential real estate development has historically been an integral part of Self-Help's strategy in its headquarters in North Carolina). Depending on organizational need, the Director may also lead relevant projects within Self-Help Federal Credit Union.

Essential Responsibilities:

* Drive strategic direction of the Foreclosure Recovery Project: determining opportunities for growth, identifying and assessing new financing opportunities, exploring new acquisition channels, exploring and establishing new partnerships, etc.
* Coordinate project consultants and partners.
* Manage project P&L and cash flow.
* Report project results and financials to foundation supporter.
* Communicate internally with North Carolina-based Self-Help Residential Real Estate team to benefit from Self-Help experience and share CA-based learnings.
* Interview homebuyers and create marketing materials for funders on project results.
* Identify and pursue new funding opportunities.

Minimum Qualifications:

* Commitment to Self-Help's mission of creating and protecting ownership and economic opportunity for all.

* Interest in and experience with community economic development programs.

* Minimum of an undergraduate degree and 5-7 years related professional experience. Experience in residential real estate development or finance and/or relevant graduate degree a plus. Significantly more experience also a plus.

* Significant financial/analytical aptitude and experience.

* Excellent verbal and written communications skills.

* Excellent interpersonal skills - ability to work effectively in varied professional, socio-economic and cultural contexts.

* A self-starter and fast learner; able to successfully multi-task and function well with minimal direction. Effective in working behind the scenes.

* Strong organizational and project management skills.

* Sensitivity to issues of low-wealth families and communities, and a desire to work in a racially and socially diverse organization.

* Sincere commitment to teamwork and an interest in the development of colleagues.



Compensation: Competitive nonprofit salary, based on experience, plus a generous benefits package.

Application: To apply, please send resume and cover letter to hiringmanager@self-help.org<mailto:hiringmanager@self-help.org> by June 7th. Please include position title as subject of email.

Self-Help is committed to providing equal employment opportunities to all persons regardless of race, color, class, age, religion, disability that can be accommodated, marital status, ancestry, nationality, family status or sexual orientation.

Thanks,
Ashley

Ashley Pickell | HR Generalist
Self-Help| 301 W. Main Street | Durham, NC 27701
tel: 919-956-4634 fax: 919-956-4624
ashley.pickell@self-help.org<mailto:ashley.pickell@self-help.org>