President, ROC USA Capital

Roc USA; United States; On-site; USD 250,000 - 500,000; Full time

Job summary

ROC USA seeks an entrepreneurial President to lead ROC USA Capital, our certified Community Development Financial Institution (CDFI) and wholly owned subsidiary, into its next growth phase. The President will own the full lending operation: origination, credit, asset management, capital deployment, loan participations, technology, and operating performance.

They will explore new loan products, contribute to capital raising and structuring, and build strong partnerships with state HFAs, local

Job description

ROC USA helps homeowners in manufactured home communities (MHCs) buy the land beneath their homes and govern their communities (aka “mobile home parks”) as resident-owned cooperatives. Homeowners in MHCs are the lowest income homeowners in the U.S., and they are vulnerable to park closures, lot rent increases, and displacement. When they form a resident owned community (ROC), they organize to collectively purchase their land so that they may ensure their community remains affordable and that lot rents go towards ROC operations and community improvements rather than into the pockets of for-profit owners.

ROC USA Capital provides the financing for community acquisitions, infrastructure investments, and refinancing of ROCs when needed. The CDFI is our revenue engine that enables ROC USA and our Network to provide pre-purchase and post-purchase technical assistance support to ROCs, advance our advocacy agenda, and build partnerships to advance systems change. ROC USA has nine affiliates that are independent nonprofits with ROC programs, called Certified Technical Assistance Providers (CTAPs). The CTAPs cultivate pipelines of MHCs for resident purchases and provide ongoing technical assistance to ensure that the cooperatives are capable of managing their communities. CTAPs operate in 13 states, and ROC USA supports existing and new ROCs in an additional 9 states. CTAPs and our internal acquisitions team who use ROC USA Capital financing source deals, help to structure the capital stack, and liaison with prospective ROC borrowers.

Together, ROC USA and our Network support more than 365 ROCs, preserving nearly 25,000 affordable homes across 22 states. More than $1 billion in community financing has been provided across the field, including more than $557 million delivered by ROC USA Capital since 2008.

Position Overview

ROC USA seeks an entrepreneurial President to lead ROC USA Capital, our certified Community Development Financial Institution (CDFI) and wholly owned subsidiary, into its next stage of growth. This executive will succeed Michael Sloss, the founding Managing Director who has built the CDFI since its 2008 launch and plans to retire in spring 2027. The President will own the full lending operation: origination, credit, asset management, capital deployment, loan participations, technology, and operating performance. They will also have the opportunity to explore new loan product offerings, contribute to capital raising and capital structuring, and help build strong partnerships (e.g. state HFAs, local governments, banks, CDFIs, philanthropy).

As a member of ROC USA’s Executive Leadership Team, the President will help drive a bold plan to bring resident ownership to many more communities. The CEO is building a close team of strategic, can-do executives who back one another, have fun problem-solving, commit to learning and continuous improvement, move nimbly, and above all else, effectively set and execute Enterprise priorities together. The Executive team includes the CEO, our CFO, our new General Counsel, our long-standing Chief Program Officer, and this President. We want a full owner of the CDFI who brings commercial judgment, builds an outstanding team and external relationships, rolls up their sleeves when a deal gets hard, and pushes relentlessly and strategically for mission and margin.