MANAGER, COMMUNITY INITIATIVES INC. - Chicago, IL

MANAGER, COMMUNITY INITIATIVES INC.
The Company: Community Investment Corporation (CIC) is a not-for-profit corporation, capitalized by investments from more than 40 financial institutions, with a mission to be the leading force in neighborhood revitalization through innovative financial programs. A leader in the preservation of affordable rental housing, since 1984, CIC has originated more than 2,000 loans for $1.2 billion for the acquisition and rehabilitation of more than 55,000 units of affordable rental housing in the Chicago metropolitan area. CIC services a loan portfolio of $300 million and closes $30-$40 million in loans per year. Community Initiatives Inc. (CII) is a not-for-profit corporation established by CIC to take direct action to improve conditions in troubled multifamily properties and the communities in which they are located.
The Position: The Manager of CII is responsible for the overall management of CII, administration of its programs, and supervision of related staff. Programs include the Troubled Buildings Initiative, the Micro Market Recovery Program, and the Acquisition and Disposition of distressed properties.
Reports to: President/CEO of CIC
Duties and Responsibilities:

• Provide general management of CII. Supervise staff, participate in development of annual budget, ensure that programmatic and financial goals are met, and ensure that appropriate records are maintained. Ensure that program and financial reports are provided to CII Board, funders, and others, as required.
  
• Provide overall direction and oversee administration for the Troubled Buildings Initiative – both for multifamily and condominium properties. Act as primary representative of the program to the City of Chicago and the general public. Supervise and provide guidance to program officers and administrative staff. Work with staff to untangle and resolve complex problems.
  
• Supervise program staff associated with the Micro Market Recovery Program. Act as primary representative of this program to the City of Chicago and the Local Initiatives Support Corporation.
  
• Coordinate with Acquisitions/Dispositions staff regarding lien foreclosures and acquisition/disposition of multifamily, condominium, and 1-4 unit properties. Ensure that programmatic and financial goals regarding acquisitions and dispositions are met.
  
• Coordinate efforts with other divisions of CIC, especially Multifamily Lending, Loan Servicing, and The Preservation Compact.
  
• Participate in developing strategies to preserve affordable housing developed with government financial assistance.
  
• Participate in the development of new programs and services. Negotiate contracts with government agencies or other funders.
  
• Pursue activities in an entrepreneurial fashion to make CII a self-sustaining organization over the long term.
  Skills and Experience:
  

• Masters degree in urban studies, finance, real estate, or related field.
  
• 3-5 years experience in a supervisory capacity in real estate development or management.
  
• Familiarity with local real estate markets; commitment to neighborhood revitalization.
  
• Experience working with community based organizations and persons of diverse backgrounds.
  
• Knowledge of both conventional private sector and governmental real estate finance.
  
• Demonstrated ability with spreadsheet and other financial analyses.
  
• Working knowledge of opportunities to gain control of properties through foreclosures on mortgage, property
  tax, utility, and other liens.
  
• Excellent verbal and written communications skills.
  
• Ability to creatively develop and implement self-sustaining programs.
  Salary is competitive and commensurate with experience.
  To be considered for this position, please submit a resume and cover letter to: announcements@cicchicago.com.