We’re looking to expand our team! The City-University Partnership is looking for an Executive Director for the Community Preservation Trust.
Executive Director for the College Park Community Preservation Trust. This is a contract position for 12 to 36 months, which may be converted into a permanent position. Start date: On or before Sept 1, 2022
College Park City-University Partnership, Inc. (The Partnership) is the nonprofit local development corporation jointly sponsored by the City of College Park and the University of Maryland. The Partnership works collaboratively to develop and implement shared community programs, to make the city and university a more thriving, equitable, and sustainable community.
The Partnership has secured approximately $12 million to implement the Community Preservation Trust (the Trust) to stabilize and revitalize neighborhoods throughout the city, focusing on those with high percentages of rental properties. The Trust will purchase the properties, improve them as necessary, and sell them to owner occupants with a 99-year ground lease. The owner occupants must meet current affordable housing income criteria, as well as be able to secure a mortgage. In addition, the Trust will purchase single family rental properties or small apartment complexes, rehabilitate them as necessary and rent them to graduate students attending the University of Maryland.
The Executive Director for the Trust reports to the Community Preservation Trust Board, a Committee of The Partnership. The Executive Director will be responsible for responsible advising the Trust Board on developing relationships with financial and other institutions, marketing the Trust to potential homeowners, and the acquisition, rehabilitation and sale/rental of Trust properties.
- Experience with affordable homeownership / neighborhood preservation programs.
- Familiarity with the government regulations for affordable housing / neighborhood preservation programs.
- Experience with asset management, rehabilitation oversight and loan portfolios.
- Demonstrated experience in generating funding for public partnership initiatives.
Compensation and length of contract is negotiable. Allowable direct Expenses will be reimbursed at cost.
Send proposal including relevant experience to Richard Wagner, AIA, PhD, Chair, The Partnership, (firstname.lastname@example.org).