Job Posting

Thank you for your interest in NCST. We currently have two open positions.

Community Development Manager – Northeast/ Mid-Atlantic Region
Location: Washington D.C. or Remote (Mid-Atlantic – MD or PA)

The Community Development Manager (CDM) position is responsible for establishing and maintaining relationships with state and local housing providers—public, nonprofit, and for-profit housing developers, including HUD National Stabilization Program (NSP) grantees and sub-grantees and FHFA Neighborhood Stabilization Initiative (NSI) participants, and other key community-based stakeholders— to support the acquisition of vacant and/or abandoned properties from financial institutions and the rehabilitation and productive reuse of those properties. NCST’s Community Development Managers are regionally focused and work closely with the NCST’s Sponsor organizations in states across assigned regions. The assigned region for this posting is NY, NJ, PA, DE, MD and DC, with an emphasis on the Baltimore, MD MSA.

Key responsibilities include:

  • Establish working relationships with state and local housing providers and managing their participation in NCST programming focused on the acquisition and rehabilitation of REO properties.
  • Demonstrate a comprehensive understanding of and maintain connectivity to the community development/housing development industry and important stakeholders in metro markets within the assigned region.
  • Deliver training on NCST programs and services to state and local housing providers interested in acquiring foreclosed and/or abandoned property from financial institutions. Identifies and recommends best practices and operational improvements in order to establish comprehensive and effective neighborhood stabilization strategies.
  • Serve as a primary contact for participating housing providers to resolve property conveyance and program execution issues. Makes recommendations on program enhancements or policy changes to NCST’s processes and procedures and identifies opportunities for overall program improvement, to enable timely and effective state or local participant execution. Assists with the development and management of business plans and strategic planning.
  • Act as an external representative for NCST at conferences, forums, and meetings, and regularly communicate opportunities and issues identified during external events to the senior management team.
  • Travel required, approximately 30 to 40 percent of work time.

Work Experience Requirements:

  • Seven plus years of experience in the housing and community development field, with at least five years of experience specific to working for or with nonprofit community development corporations and state/local government agencies on housing and community development activities.
  • Experience with HUD Programs including Community Development Block Grant, HOME, and/or Neighborhood Stabilization Program is preferred
  • Experience working for/with mortgage lenders, loan servicers, mortgage insurers, GSEs, federal housing agencies, or other financial institutions is a plus.
  • Strong coalition building and relationship management skills
  • Ability to work independently, strongly self-directed
  • Highly organized, analytical and task-oriented with an appreciation for developing and managing program processes
  • Ability to diagnose problems and develop solutions
  • Excellent communication skills, both written and oral.
  • Experience working in Baltimore, MD strongly desired. Applicants with experience in other Northeast/Mid Atlantic markets (Philadelphia, PA or NY/NJ) will also be considered.
  • Bachelor’s degree preferred. Master’s degree desirable.

To apply for this position, please send a cover letter and resume to careers@stabilizationtrust.com.


Property Preservation Specialist | Contract Position – 6 month position | Dallas, TX

The National Community Stabilization Trust (NCST) acquires certain non-performing mortgages and vacant real estate (REO) to help enhance neighborhood stabilization efforts. NCST takes action to address these defaulted loans prior to foreclosure and move vacant and abandoned properties out of limbo and into the control of local housing providers. This unique non-profit program is operated in partnership with the Housing Partnership Network (HPN) through a subsidiary called the Community Restoration Corporation (CRC).

The Property Preservation Specialist oversees activities on a portfolio of non-performing mortgage loans acquired by NCST and HPN. The majority of the portfolio work is on vacant properties that will eventually be transferred to local non-profit housing developers or municipal agencies for the purposes of rehabilitation for affordable housing development. The Property Preservation Specialist reports to the NCST Comptroller and CRC Senior Asset Manager.

Key responsibilities:

  • Make appropriate and timely property preservation decisions to mitigate loss and control expenses throughout the loan servicing and REO marketing process for NCST’s CRC asset portfolio.
  • Monitor loan status and verify condition and occupancy status of properties in NCST’s CRC portfolio to identify properties that require securing and/or property preservation work.
  • Assess property inspection reports, repair bids, and work reports to protect CRC assets and ensure that NCST program and mission goals are being met, and that work aligns with market standards.
  • Work with vendors to ensure CRC assets are in compliance with city ordinances and code violations are addressed quickly and efficiently.
  • Manage daily, weekly and monthly reports and communicate with property preservation vendors to ensure vendors are meeting delivery timelines in accordance with established procedures.
  • Communicate internally with various departments to address any escalated issues.
  • Working with the NCST Community Development team, engage local housing providers, including counties, municipalities, nonprofits, and land banks, to identify the most effective and community-focused resolution path for assets; negotiate contract terms and conditions as necessary, including property conveyances and grant awards.
  • Assist in developing expanded CRC program guidelines, policies, procedures, and vendor protocols when necessary.
  • Manage special projects, as needed.

Education, Work Experience and Desired Skills:

  • Bachelor’s degree or equivalent experience in Business, Real Estate, Finance or related field.
  • Minimum of 3 years of relevant experience in mortgage servicing or REO asset management is preferred.
  • Ability to work independently, diagnose problems, and develop solutions. Strong judgement skills to assess issues that need to be escalated.
  • Highly organized, analytical, and task-oriented with an ability to handle multiple tasks and deadlines.
  • Strong attention to detail.
  • Excellent communication skills, both written and oral. Ability to communicate and interact effectively with all levels of staff and management, as well as with outside vendors and non-profit or municipal partners.
  • Solid knowledge of the industry and relevant external forces, with a significant understanding of business operations within the mortgage servicing industry.
  • Advanced proficiency in MS Excel.

To apply for this position, please send a cover letter and resume to careers@stabilizationtrust.com.

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We are an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, or protected veteran status.