About the Opportunity:
NFF’s Financing team provides loans to nonprofit organizations for their real estate and working capital needs with a commitment to ensuring Black, Indigenous, and communities of color and their leaders have access to and control of the funds they need to meet their goals. Currently, NFF manages around $400 million of financing assets, primarily loans to nonprofit organizations in the education, healthcare, human service, and housing sectors.
Historically, NFF has lent to nonprofit developers and operators focused on supportive housing; transitional housing for youth aging out of foster care and adults returning from incarceration; emergency and shelter housing for people experiencing homelessness; and residential treatment and recuperative care facilities. We have had a limited focus on more traditional affordable housing projects. As requests for project financing have consistently grown in volume and size, NFF seeks to play a more intentional, proactive, and wider-ranging role in the affordable housing sector.
We are seeking a Director, Housing Loan Program to lead this work in formalizing and expanding NFF’s affordable housing finance program. This position will play a central role in developing appropriate capital resources, identifying tailored products, and creating specific policies and guidelines. This individual serves as a single point of contact to represent NFF’s housing work externally. Internally, this role will serve as an in-house expert that trains, supports, and coaches other staff who serve as generalists across various functional areas (e.g., business development, underwriting and closing, portfolio management) and other NFF departments. The role will collaborate with our Marketing & Communications team to raise NFF’s profile in this sector, and advocate for greater access to resources for NFF, CDFIs generally, and our clients in the housing sector.
A successful Director, Housing Loan Program will help us rethink our approach to lending by prioritizing the needs of strategically aligned organizations and developers, eliminating practices rooted in white supremacy, and demonstrating a willingness to be creative and flexible in decision-making. This is an opportunity for someone to lead this work at NFF and within the industry. Please review Plan 50%+.
The preference is for the position to be in commutable distance to one of NFF’s office locations which are Boston, Los Angeles, New York, Oakland, and Philadelphia. Remote locations will be considered. Our offices have re-opened, and staff can opt into in-person work as desired and based on the needs of the role. There is potential for up to 10% travel, which will consist of client visits, local/national conferences, and travel to NFF office for staff retreats.
The Director, Housing Loan Program will report to the Vice President, Financing who is based in Philadelphia.