What are the responsibilities and job description for the Associate General Counsel position at Enterprise Community, Inc.?
Enterprise is a national nonprofit that exists to make a good home possible for the millions of families without one. We support community development organizations on the ground, aggregate and invest capital for impact, advance housing policy at every level of government, and build and manage communities ourselves. Since 1982, we have invested $72 billion and created 1 million homes across all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands – all to make home and community places of pride, power and belonging.
Join us at enterprisecommunity.org
Working at Enterprise
At Enterprise, you’ll be part of a diverse, committed team making a difference every day. You will collaborate with some of the smartest minds and biggest hearts in our field. You’ll be empowered to drive systems change and take bold steps to advance racial equity. And you will find a career home where you’re valued and supported in your growth journey.
Enterprise offers career opportunities in our with an .
Job Description Summary
Enterprise co-founded Power Forward Communities (PFC), a landmark coalition with some of the country’s most trusted community development, climate, and housing organizations.
It is purpose-built to decarbonize America’s homes and drive a market transformation that cuts costs, benefits renters and homeowners, and focuses on low-income communities nationwide.
The EPA has awarded the coalition a $2 billion National Clean Investment Fund (NCIF) grant. Together with our coalition partners Enterprise will use this award to deploy a powerful combination of financing, market building, and community engagement to create healthier, safer, and more affordable homes.
The legal department supports all of Enterprise; however, this position will be primarily focused on supporting Enterprise Green Accelerator, Inc., (Green Accelerator) a newly formed entity, which will administer Enterprise’s National Clean Investment Fund grant from Power Forward Communities, Inc. (“PFC”) as a subaward of federal funds granted to PFC from the U.S. Environmental Protection Agency. More specifically, the Associate General Counsel will support the following areas of Green Accelerator’s business :
Lending – Green Accelerator will provide innovative capital to net affordable housing projects that reduce or eliminate greenhouse gases.
Deployment of Funds – Green Accelerator provides financing to qualifying affordable housing projects throughout the country.
Asset Management – Green Accelerator asset manages the portfolio of projects in which the funds invest.
Grant Compliance – Green Accelerator is required to comply with the terms its sub-recipient agreement with Power Forward Communities.
Corporate Governance – Green Accelerator is a separate corporation with a board of directors responsible for oversight of Green Accelerator’s governance.
Contracting – Green Accelerator will have to contract with vendors consistent with its obligations as a sub-recipient of federal funds from PFC.
Job Description
Responsibilities :
The Associate General Counsel will work with our business partners and legal team in connection with the following :
- Develop and maintain template loan documents (with support from outside counsel as needed) for Green Accelerator transactions;
- Draft and negotiate loan documents and complete settlement of loans for Green Accelerator and advise client on regulatory requirements of sub-recipient agreement, including advising on compliance requirements of Green Accelerator’s borrowers;
- Provide legal support for the asset management of the Green Accelerator portfolio of loans, which includes solving disputes with borrowers, preparing and reviewing amendments to loan documents, and providing counsel on workouts and foreclosures;
- Counsel business on compliance with terms of the sub-recipient agreement and the related Code of Federal Regulations;
- Negotiate and review contracts related to Green Accelerator’s work;
- Perform other duties, as assigned, including for Enterprise Community Partners and the other divisions;
- Conduct legal research on various issues, as needed;
- Coordinate with outside counsel, as needed; and
- Occasional travel.
Qualifications :
PLEASE NOTE : We are not able to provide sponsorship or relocation for this position.
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