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Job Posting: Loan Fund/IDA Manager - YouthBuild USA
Could you please post the attached job description for our organization?
YouthBuild Loan Fund and Individual Development
Account (IDA) Manager
YouthBuild is seeking to fill a full-time position that manages two programs, the YouthBuild Loan Fund, Inc. and the YouthBuild National IDA Program, that are expected to grow substantially. YouthBuild USA is the national support center for an expanding number of community organizations implementing YouthBuild programs in their local areas. The YouthBuild program involves unemployed young adults in the creation of affordable housing in their own communities. The program design includes construction training through housing rehabilitation and construction, academic skills building toward completion of high school diploma or GED, individual counseling and peer support, leadership development and youth governance, job and college placement, and the organizing of alumni to provide support and access to opportunity and leadership roles after graduation. See www.youthbuild.org! for more information.
The Loan Fund provides YouthBuild programs and other youth-oriented non-profits with short-term loans against grant and contract receivables, as well as, to a limited extent, loans for real estate acquisition and construction. The Loan Fund closes on average 15-30 loans per year, and averages an outstanding portfolio of 10 borrowers with a combined principal balance of $700,000 to $1,000,000. In 2004, YouthBuild USA created a subsidiary affiliate, the YouthBuild Loan Fund Inc., in order to apply for the U.S. Department of Treasuryís Community Development Financial Institution (CDFI) certification and to apply for equity-equivalent investments and grants from financial institutions.
The YouthBuild National IDA Program is a collaboration between YouthBuild USA and local YouthBuild programs that helps YouthBuild graduates build assets to purchase a home, pursue post-secondary education, or start a business by matching their contributions at a 5:1 rate. YouthBuild USA is the only nonprofit organization that has been awarded an US Department of Health and Human Services grant to operate a nationwide IDA program. The local YouthBuild Programs select YouthBuild graduates for participation in the IDA Program, educate participants about IDAís, conduct the financial literacy classes, and provide support and counseling for participants.
LOAN FUND / IDA MANAGERíS SPECIFIC RESPONSIBILITIES
Send cover letter, and resume to:
Search- Loan Fund Manager
58 Day St., P.O. Box 440322
Somerville, MA 02144
email: email@example.com (firstname.lastname@example.org) or email@example.com
Cover letter should include salary history and requirements as well as how you heard about the position.[b]
SALARY: $55,000 to $70,000, commensurate with experience. Excellent benefits package.
YouthBuild USA is an equal opportunity employer. YouthBuild USA does not discriminate in hiring or employment practices on the basis of race, color, religion, gender, age, sexual orientation, marital or filial status, national origin, ancestry, non-job related disability or status as a veteran. Women and minority applicants are encouraged to apply.
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