Associate General Counsel

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 $54 billion and created 873,000 homes across all 50 states – 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 offices across the country with an exceptional benefits package. Job Description Summary The legal department supports all of Enterprise; however, this position will be primarily focused on supporting the Capital Division, more specifically, the following areas of that business: Tax Credit Syndication – Enterprise creates equity funds with institutional investors, which funds invest in limited partnerships / limited liability companies that acquire, construct/rehabilitate, and operate affordable housing projects that generate IRC Section 42 low-income housing tax credits (“LIHTC”), along with, in some cases, IRC Section 47 rehabilitation credits (“historic credits”), IRC Section 48 energy credits, IRC Section 45L energy efficient home credits, and/or state LIHTC. Enterprise manages the funds and identifies sponsors to partner with and affordable housing projects to invest in. Real Estate Equity – Enterprise creates real estate equity funds with institutional investors, which funds invest in limited partnerships / limited liability companies that acquire, own, operate and preserve affordable housing. Enterprise identifies sponsors to partner with and affordable housing projects to invest in. Asset Management – Enterprise asset manages the portfolio of projects in which its funds invest. Lending – Enterprise’s CDFI subsidiary, Enterprise Community Loan Fund, Inc., provides innovative capital to connect affordable housing projects to community assets that expand resident opportunity Salary Range: $170,000-$214,000 Job Description Responsibilities: The Associate General Counsel will work with our business partners and legal team in connection with the following: Negotiate and close lower-tier Real Estate Equity transactions, including drafting and negotiating joint venture agreements and mezzanine loan documents, and reviewing due diligence; Draft and negotiate Fund Agreements and all corresponding side letters for Real Estate Equity; Counsel client on lower-tier Tax Credit Syndication transactions; Close upper-tier Tax Credit Syndication transactions, including drafting and negotiating fund agreements with investors; Provide legal support for the Asset Management Department, including advising on operating agreements; drafting, reviewing, and negotiating lower-tier equity and project documents; resolving disputes with sponsors; reviewing and negotiating various real estate documents; and providing counsel on workouts and dispositions; Draft and negotiate loan documents and complete settlement of loans (incoming and outgoing) for Enterprise Community Loan Fund and advise client on regulatory requirements pertaining to CDFIs; Perform other duties, as assigned, including for Enterprise Community Partners and the other divisions; Conduct legal research on various issues, as needed; Manage template legal documents for one or more areas of business; Coordinate with outside counsel, as needed; and Occasional travel. Qualifications: Undergraduate degree and J.D. or LL.M.; a minimum of five years real estate transactional experience in-house or with a law firm; Experience with low-income housing tax credits preferred; Experience representing lenders in real estate transactions preferred; Experience in drafting and negotiating loan documents preferred; Experience in drafting and negotiating equity fund agreements and joint venture partnership agreements preferred; Excellent written and verbal communication skills; Ability to develop personal relationships with co-workers and clients; Strong critical thinking and analytical skills, including ability to define problems and strategize solutions while considering legal issues and risks; and Ability to work with multiple clients and establish priorities and desire to work in a team environment. PLEASE NOTE: We are not able to provide sponsorship or relocation for this position. Enterprise Community Partners is a national nonprofit that exists to make a good home possible for the millions of families without one. Home is where life happens, where plans are made and futures begin. The foundation for dignity, health, education, wealth and community. Yet rents keep going up, paychecks don’t keep pace, and good homes in strong neighborhoods are increasingly out of reach. The system doesn’t work. It must be changed, and it must be changed by us. What We Do Everything we do is informed by the residents we serve: Support community development organizations on the ground Aggregate and invest capital for impact in homes and communities Advance housing policy at every level of government Build and manage communities ourselves Our Goals Together with our partners, we focus on the greatest need – the massive shortage of affordable rental homes – to achieve three goals: Increase the supply of affordable homes Advance racial equity after decades of systematic racism in housing Strengthen communities to be resilient to the unpredictable and make upward mobility possible Our Impact Since 1982, we have invested $54 billion and created 873,000 homes across all 50 states – all to make home and community places of pride, power and belonging. We are here for impact. We are here for change. Join us. Enterprise is an Equal Opportunity Employer. We value a diverse workforce and strive to create an inclusive culture. Enterprise encourages and considers applications from all qualified individuals without regard to race, color, religion, gender, sexual orientation, gender identity or expression, age, national origin, marital status, disability, veteran status or any other characteristic protected by applicable law. Enterprise is committed to providing reasonable accommodations for individuals with disabilities to ensure full participation in the interview process and to perform essential job functions. Contact HR@enterprisecommunity.com to learn more. For all general inquiries please contact recruiting@enterprisecommunity.com.

Salary : $54 - $170,000