Community Development Manager
ABOUT JCUA’S COMMUNITY DEVELOPMENT WORK
JCUA’s work on Community Development is centered around our Community Ventures Program (CVP). CVP strengthens Chicago neighborhoods through a revolving loan fund that provides zero-interest loans to nonprofit developers for affordable housing and economic development projects. Through CVP, JCUA helps to create and preserve thousands of affordable housing units and living-wage jobs. CVP advances JCUA’s mission by advancing housing and community development that addresses systemic inequality at the neighborhood level. Since its creation in 1991, CVP has provided more than $7.5 million in zero-interest loans, created or preserved nearly 5,000 units of affordable housing, created more than 1,400 living-wage jobs in Chicago, and invested in communities across the entirety of the Chicago area. The revolving loan fund has grown substantially in the last five years to $2.5 million, with a current portfolio of 13 loans in 11 different neighborhoods and a track record as a catalyst for development in historically disinvested communities.
ABOUT THE POSITION
JCUA is seeking a Manager of Community Development who is passionate about affordable housing, community development, and Chicago’s neighborhoods. This is a new full-time position and will report directly to JCUA’s Executive Director. This person will be responsible for monitoring and managing CVP’s current loan portfolio, fostering relationships with community partners, identifying new mission-aligned projects for potential funding, managing loan requests, and repayments, connecting the work of CVP with JCUA’s other core programs, and undertaking program-specific fundraising in conjunction with the organization’s staff. In close partnership with the CVP Advisory Committee, a group of lay leader experts in financing and development, the Manager of Community Development will work with potential applicants to prepare loan applications and documentation for vetting and approval. Successful candidates for the Community Development Manager position will demonstrate the ability to understand funding requests from entities embarking on complex development projects and convey project details to advisory committee members for evaluation. The Community Development Manager will usher those loans through an internal process, monitor them, and stay in close communication with borrowers and related stakeholders throughout the loan period until the loan is repaid. Over the past several years, JCUA has sought to bring a racial equity framework to all of the organization’s work. Like all staff members, the person in this position will be expected to fully participate in our work to advance racial equity. Within CVP, one of the manifestations of that work is that JCUA is seeking out and prioritizing development projects led by People of Color.
- Cultivate relationships with potential borrowers and affordable housing professionals in Chicago to publicize CVP and seek out partnership opportunities.
- Develop a pipeline of early-stage projects for later consideration.
- Assess the viability of potential development projects in conjunction with the CVP Advisory Committee.
- Assist applicants in the application process; obtain and evaluate documentation for loan requests pursuant to available funds and repayment schedules.
- Prepare materials for CVP Advisory Committee.
- Negotiate terms and arrangements with the borrowing organization.
- Usher loans through JCUA’s internal decision-making process.
- Manage and monitor new and existing loans including timely funding, coordination of pay-offs, and related activities.
- Foster relationships with CVP Advisory Committee members, borrowing entities, nonprofit lenders, and foundation funders.
- Prepare for and lead monthly CVP Advisory Committee meetings.
- Prepare content for grant proposals and carry out reporting functions related to CVP funding sources and potential funding sources.
- Identify capital raising opportunities and represent JCUA in meetings with funders and/or investors in the loan fund.
- Participate in JCUA organizational events, training programs, and educational events, particularly as they relate to JCUA’s work on housing-related issues.
- Work with JCUA communications team to create marketing and communications content about the CVP program.
- Work with JCUA leadership team to ensure that CVP is integrated into JCUA’s larger housing and economic development strategies.
- Serve as an ambassador and public spokesperson for JCUA in Jewish community settings and in the larger community.
- Assist with programmatic and organizational fundraising and development objectives, primarily pertaining to CVP.
- Collaborate with JCUA staff in pursuit of organizational goals when needed/requested.
- Participate in team-building and collaborative communication with colleagues.
- Work strategically to balance multiple activities and deadlines.
- Understanding of and experience with funding sources for housing and economic development.
- Familiarity with the City of Chicago, state, and federal funding sources, including tax credits and incentive programs for affordable housing production.
- Proficiency with Microsoft Excel and familiarity with financial documentation.
- Ability to read a budget and operating pro forma, general understanding of zoning, land use, and building codes.
- Passion for community, housing, and Chicago’s neighborhoods.
- Commitment to social justice, racial equity, and civil rights.
- Minimum of 2 years of related experience.
- Good listening, organizational, communication, writing, collaboration, and interpersonal skills; effective public speaking and presentation abilities a plus.
- Willingness to work flexible hours to meet programmatic goals— including occasional evenings and weekends.
- Familiarity with community organizing is a plus.
- Resourcefulness and willingness to take initiative.
- Regular access to a car and a valid driver’s license is a plus.
- Master’s Degree or Bachelor’s Degree + equivalent work and/or lived experience is preferred.
JCUA’s office is located in the Ravenswood neighborhood of Chicago. Due to COVID-19 considerations, staff currently work Tuesdays and Wednesdays in the office with additional days remote optional, which is subject to change.
- The salary range is $56K to $63K; the salary range may be higher if the candidate demonstrates considerable experience.
- Medical, dental, and vision coverage.
- Retirement matching program.
- Generous days off including two weeks of paid vacation (with an increase over time), sick leave, and major Jewish holidays. JCUA closes at 1:00 on alternate Fridays in an effort to promote a healthier work/life balance.
- Flex and comp time available to balance evening/weekend schedule.
- A supportive work environment with people committed to bringing out the best in each other and to advancing positive social change.
HOW TO APPLY
The Jewish Council on Urban Affairs believes that personnel diversity is an organizational strength and recognizes and values the intersecting identities that staff members bring to our organization. People of color are strongly encouraged to apply. JCUA is committed to providing equal employment consideration without discrimination on the basis of race, gender, disability, religion, national origin, marital status, sexual orientation, or any other protected status. Candidates will be working within the Jewish community but do not need to be Jewish for this position. To apply, please email a cover letter and resume to firstname.lastname@example.org. Applications will be accepted through July 20, 2022.