Legal & Compliance Director

Overview

Elevation Community Land Trust (ECLT) is a growing, innovative nonprofit with a mission of providing permanently affordable home ownership opportunities to low- and moderate-income families across Colorado. The Legal & Compliance Director will be responsible for three primary functions: providing legal counsel in support of ECLT’s Real Estate and SIWE departments and for the organization as a whole, overseeing ECLT’s compliance activities, and partnering across the organization on risk management, policy and process development.

This is a terrific opportunity for a candidate who is interested in working on a wide variety of legal matters in a fun, fast-paced environment that affords excellent work-life balance.

The Legal & Compliance Director works both independently and cross-functionally to execute a wide range of activities to ensure that low to moderate income households have the opportunity to equitably participate in the local community and economy through home ownership. This position drafts, reviews and analyzes a variety of legal documents and agreements and provides legal advice on Real Estate and SIWE matters and for the organization more broadly, while engaging outside counsel on more complex matters.

The Legal & Compliance Director also leads compliance activities across the organization, overseeing adherence to wide variety of grant, contractual and other legal requirements. Further, the position is responsible for partnering with the CFO on organizational risk management efforts, including insurance, tax and other matters. The position requires significant legal expertise in affordable housing and real estate transactions and strong knowledge of state, federal and local funding requirements, while offering the opportunity to assist the organization in structuring novel transactions and programs.

The Legal & Compliance Director reports to and works in close collaboration with the CFO, and has one direct report, the Contracts & Compliance Administrator (CCA). Duties will include, but are not limited to the following:

• Prepare, review and analyze real estate documents and contracts, including but not limited to purchase and sale agreements, letters of intent, and development agreements; work with the CFO and others to negotiate with contract partners.
• Manage all legal aspects of large-scale real estate transaction closings, including but not limited to loan document review and lender communication.
• Lead review of government and private funder agreements and contracts, including but not limited to grant, loan, and other funding agreements.
• Review and develop MOUs with public entities and partner organizations.
• Engage and manage outside counsel on complex matters as needed with an eye toward cost control and efficiency, consulting with the CFO as appropriate.
• Manage organizational contracts, including but not limited to service agreements, consulting contracts, and property management contracts.
• Develop and maintain a deep understanding of federal, state, and local regulations guiding organizational operations and regulations, including fair housing laws and state and federal funding systems.
• Manage the homebuyer land lease consultation program and conduct consultations when needed.
• Resolve legal and novel compliance issues related to home buyers and homeowners as they arise.
• Manage homebuyer- and homeowner-related legal activities, including but not limited to land leases, party wall agreements, third-party use/deed restrictions, common interest community documents under the Colorado Common Interest Ownership Act, and foreclosures.
• Liaise with local government partners on various issues affecting ECLT homeowners, including compliance with covenants, deed restrictions, or other items impacting the homeowner experience.

• Manage and interpret compliance obligations from a wide variety of contract types.
• Work cross-functionally to ensure that all ECLT departments are aware of and meeting compliance requirements, elevating the importance of these activities and generating buy-in from staff.
• Ensure organization-wide compliance with regulations…