We're an early stage nonprofit dedicated to helping neighborhoods facing gentrification fight
displacement and direct their own investment. We’re motivated by reversing decades of unjust and
racist disinvestment in our centrally located neighborhoods and a belief that a different future for
neighborhoods is possible, necessary, and urgent. We believe that there can be more neighborhoods
that are diverse, mixed-income, and deliver opportunity for everyone.
We work with existing neighborhood-based organizations across the US in communities at risk of
gentrifying and help them secure affordable housing and retail before pricing pressure displaces
renters. Core to Trust Neighborhoods’ work is creating the Mixed-Income Neighborhood Trust
(MINT) model. Trust Neighborhoods supports neighborhood-based organizations in launching MINTs
that use outside investment to buy, renovate, build, and manage high-quality, affordable rental
housing and retail to preserve affordability, prevent displacement, and enable community
governance.
Trust Neighborhoods created the MINT model in 2020, launched two MINTs in 2021, and is now
building its team as we begin to work nationally to meet the hundreds of neighborhoods that could
use a MINT today.
Trust Neighborhoods is seeking a Director of Real Estate Development to be a core member of the Trust Neighborhoods team, leading diligence on real estate viability of new MINTs and helping assemble development partnerships for each MINT. We are looking for an experienced real estate professional who wants to use their skills in service of neighborhood priorities, and meaningfully scale the MINT model from two neighborhoods to dozens.
Specifically,this individual will:
● In consultation with leadership, build the Trust Neighborhoods playbook on MINT real estate strategy, to be deployed in partnership with neighborhoods across the country ● Work closely with neighborhood partners and the Chief Product Officer and Project Managers within Trust Neighborhoods in the development of new MINTs and on advising existing MINTs
● Assess the economic feasibility of new MINTs, including leading real estate market study and project underwriting
● Work with neighborhood partners to source and evaluate operating partners for work relevant to their respective neighborhoods, including renovation partnerships and property management
● Identify and negotiate debt financing, working closely with Trust Neighborhoods’ leadership team
● Advise existing MINTs on real estate functions including development strategy, acquisition approach and rental operations
● Minimum 5 years experience in real estate, with a preference for community development and affordable housing
● Strong financial analysis skills, including excel modeling
● Strong situational awareness and ability to work across multiple stakeholder groups including neighborhood partners, community stakeholders, residents, development partners, brokers, and funders
● Ability to negotiate and execute development contracts
● Ability to source and negotiate financing
● Comfort and interest in working in an early stage venture
Please email resume and a short description of your interest to
natalie.gauger@trustneighborhoods.com. Applications will be reviewed on a rolling basis.