Website The Housing Foundation, Inc.
THE HOUSING FOUNDATION, INC.
POSITION TITLE: EXECUTIVE DIRECTOR
REPORTS TO: BOARD OF DIRECTORS
DESCRIPTION AND PURPOSE:
The Housing Foundation, Inc. (“HFI”), a 501(c) (3) nonprofit corporation, was formed in 1986 to promote and sustain affordable, quality, low-cost housing for low-income families, elders, and persons with disabilities. Currently, HFI owns and operates more than $60 million worth of such affordable housing, including mobile home parks and multi-unit rental properties.
The Executive Director (ED) serves as Chief Executive Officer of the organization and provides leadership and direction toward organizational sustainability as HFI adapts to future circumstances. The ED collaborates with HFI’s Board of Directors (Board) to develop the organization’s vision and long-range strategic planning, and is ultimately responsible for effective implementation of the strategic plan.
Under the supervision of the Board, the ED ensures that the needs and interests of HFI residents, partners, and other stakeholders are served pursuant to the organization’s mission and strategic goals. The ED is responsible for all aspects of operating the organization, administering an annual operating budget of more than $10 million (including properties wholly-owned by HFI and those in which it has a partnership interest), directing key programs and policy initiatives, procuring grants, loans and other funding to meet the organization’s needs, performing marketing and communication functions, and hiring and supervising staff (if the Board determines to hire other staff). The ED is the primary liaison between HFI and the Vermont State Housing Authority (VSHA), which provides services to HFI under a Memorandum of Understanding (MOU).
ESSENTIAL FUNCTIONS OF THE POSITION:
Board Administration and Support:
• Coordinates, assists, and supports all Board functions, including any necessary support to committees
• Assists in Board recruitment and any associated activities
• Serves as spokesperson for the organization, acts as an advocate at the public and private level for permanently affordable housing, and is the principal liaison between the Board and all other organizational stakeholders
• Supports and guides the Board with on-going strategic planning
• Assures the implementation HFI’s mission, strategic plan, and Board policies
Financing and Organizational Management:
• Oversees and manages all financial activity, identifies funding opportunities, prepares grant applications and funding proposals to public and private entities, oversees annual budgets and necessary revisions in conjunction with the Board
• Ensures compliance with any reporting systems required by the Board, lenders, or local, state, and federal funding sources
• Works cooperatively and closely with VSHA staff to ensure that all of the services under the MOU are provided in a timely and satisfactory manner
• Oversees adoption of HFI programs, systems, and procedures to keep HFI current with changes in housing policy, legislation, and trends among lenders and funders
Community and Public Relations:
• Ensures that the organization and its mission, programs, and services are consistently presented in strong, positive images
• Advocates for permanently affordable housing and support for its delivery to those in need, on local, state, regional, and federal levels
• Identifies and formulates development and preservation opportunities, prepares and analyzes pro-formas, negotiates and manages development partnerships, acquires appropriate properties, secures funding and financing sources in support of the development and rehabilitation of properties
• Thinks strategically regarding potential ways to transform the affordable housing market and create sustainable, environmentally friendly, and permanently affordable housing, particularly with respect to mobile homes
• Coordinates with any contracted property management company, coordinates with VSHA staff, and supervises HFI’s property management staff (if hired) in managing all aspects of property rentals and maintenance
Office Management and Staffing:
• Determines staffing needs, manages offices systems, and oversees administrative functions
• Other duties as needed or assigned by the Board.
POSITION REQUIREMENTS AND QUALIFICATIONS:
Education and Experience:
• Minimum of six to ten years’ experience in one or more of the following areas:
• Public organizational administration and planning
• Real estate finance and development
• Preservation and asset management of affordable housing
• Housing development at an agency administrator level
• Administration of federally funded rental assistance programs, including USDA Rural Development, Section 8 Project Based Rental Assistance, and Section 8 Project Based Vouchers.
• Mobile home park acquisition and management
• Working with the needs of low- and moderate-income households
• Bachelors’ Degree in related fields preferred
Skills and Abilities:
• Ability to lead and direct a non-profit affordable housing organization, with a strong knowledge of affordable housing and real estate finance and development
• Ability to secure funding for housing development, preservation, rehabilitation, and management, including grant writing and compliance activities
• Strong knowledge of federal and state funding mechanisms, low-income housing and other tax credits, federal housing programs, and regulatory structure for affordable housing
• Strong financial management and business administration skills
• Ability to plan strategically, be creative, and arrange resources to accomplish objectives
•Familiarity with asset management best practices
• Strong interpersonal skills and ability to communicate effectively orally and in writing on all levels; must exercise a high degree of confidentiality, judgment, courtesy, and tact; and be able to establish and maintain effective working relationships with employees, officials, agencies, and the general public
• Effective computer skills, including Microsoft Word, Outlook, Excel, and PowerPoint
• Ability to work independently in a home-based office environment
• Must possess a valid driver’s license, dependable private means of transportation, and liability insurance of at least $100,000/300,000
Working Conditions/Physical Demands:
• Full-time; minimum of 40 hours per week; Exempt
• Office and field environment; work involves walking, standing, climbing stairs, and driving on a regular basis
• Computer, printers, telephones, copiers, calculator, general office equipment
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