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Associate General Counsel

Enterprise Community Partners
$170,000 to $200,000,
tuition reimbursement, 401(k)
United States, New York, New York
Feb 22, 2025

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 offices across the country with anexceptional benefits package.

Job Description Summary

The legal department supports all of Enterprise; however, this position will be primarily focused on supporting the Asset Resolution division of ECAM and Real Estate Equity Asset Management Team with the following areas of that business:

The Asset Resolution Associate General Counsel will provide legal support focusing on resolving issues on troubled and REO low-income housing investments in coordination with our National Field Operations and Real Estate Equity teams. The principal goal is to maintain the viability, quality and affordability of Enterprise investment in low-income housing properties. This position is hybrid and located in either the Columbia, Maryland or New York, New York.

Job Description

Responsibilities:

The Associate General Counsel will work with our business partners and legal team in connection with the following:

  • Counsel Housing Credit Investments on Low Income Housing Tax Credit lower-tier Workouts and REO's;
  • Counsel Real Estate Equity on lower-tier Workouts and REO's;
  • Provide legal support, which includes advising on partnership agreements, resolving disputes with sponsors, reviewing loan documents, leases, easements and other real estate documents, and providing counsel on workouts and dispositions;
  • Work with General Partner/Sponsors, funders and regulatory agencies to find solutions to on-going problems; solutions may include removal of property management firms, removal or replacement of General Partner entities; restructuring debt;
  • Determine property capital and funding needs to ensure long term viability of the asset;
  • Negotiate workout strategies with general partners, lenders, public sector entities and investors as appropriate;
  • Interact with Enterprise staff to provide accurate and timely information;
  • Conduct legal research on various issues, as needed;
  • Occasional travel.

Qualifications:

  • Undergraduate degree and J.D. or LL.M. required;
  • A minimum of five years of real estate transactional experience in-house or with a law firm required;
  • Admitted to practice law and in good standing in one of the 50 states;
  • Experience with low-income housing tax credits preferred;
  • Experience with debt restructuring and/or workouts preferred;
  • Experience with bankruptcies and receiverships preferred;
  • Experience in drafting and negotiating loan documents;
  • Experience in drafting and negotiating partnership and operating agreements;
  • Strong critical thinking and analytical skills, including ability to define problems and strategize solutions while considering legal issues and risks;
  • Ability to think and communicate clearly and calmly in high-stress, high-risk situations;
  • Excellent written and verbal communication skills;
  • Ability to develop personal relationships with co-workers and clients;
  • and
  • Ability to work with multiple clients and establish priorities and desire to work in a team environment.

Total Rewards at Enterprise:

You will be working with a group of talented professionals who are motivated by serving the community and addressing the need for affordable housing.

Enterprise offers a comprehensive total rewards package for you and your family.

The base salary for this role is $170,000 to $200,000, depending on level of skills and experience.

The salary range for this position is represented by the low and high end of the range for the amount to be paid for the position. Salaries paid at Enterprise will vary based on factors that may include skills, education, location, experience, and performance. The salary range is just a part of the total rewards package provided to employees at Enterprise, and other rewards may include annual performance bonuses and generous paid leave programs.

At Enterprise, our benefits form a major component of our total rewards package. Benefits include dental, health, and vision care plans, as well as family-building benefits, such as fertility, adoption, surrogacy support, and gender-affirming care. Enterprise allows flexible work arrangements to promote a better work-life balance. We offer health advocacy, EAP, and mental health benefits. We round out our total rewards package by offering financial education, wellness programs, and auto-enrollment in the company's 401(k) plan with employer matching contributions. Finally, you will have learning and development opportunities, including tuition reimbursement for job-related courses and certifications. Thank you for your interest in joining the Enterprise team in our effort and commitment to serve others.

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