Nonprofit affordable housing developer Jamboree Housing Corporation hires Jim Francis, leader in finance and banking industry, as new Chief Financial Officer to oversee $3.2+ billion asset portfolio.
Given my passion for affordable housing, I’m thrilled to join one of California’s leading nonprofit affordable housing developers. Jamboree’s reputation is exceptional, and I look forward to using my experience and knowledge to help guide the organization through this period of immense growth.
IRVINE, Calif. (PRWEB) August 10, 2020
Jamboree Housing Corporation announced today that Jim Francis, a leader in the finance and banking industry, has been hired as Chief Financial Officer (CFO) and will provide executive oversight of and strategic leadership to Jamboree’s $3.2+ billion asset portfolio. Laura Archuleta, President and CEO of Jamboree, noted that Francis’s professionalism, focus on technology integrations, and wealth of industry experience will be integral as Jamboree continues to expand upon the company’s 30+ years of success.
“Jim brings a distinctive skillset to this role, having served in executive roles overseeing consumer banking, commercial banking, and operations/technology. Given Jamboree’s history of creative financial partnerships, and our recent Northern California expansion, Jim will provide invaluable insight into Jamboree’s financial transactions and operations,” said Archuleta. As CFO, he will oversee the company’s asset management, IT, and accounting teams.
Francis brings to Jamboree more than 25 years of banking expertise and a comprehensive knowledge of debt and equity transactions, tax credit investments, underwriting, residential mortgage, and commercial and consumer lending. He joined Union Bank in 1986 and co-founded its Community Development Finance division in 1995, overseeing the division’s expansion across the West Coast and the origination of more than $3 billion in debt and equity financing for the development of affordable housing. He has served as a Managing Director for three different Union Bank divisions since 2010.
“Given my passion for affordable housing, I’m thrilled for the opportunity to join one of California’s leading nonprofit affordable housing developers. Jamboree’s reputation in this space is exceptional, and I look forward to using my experience and knowledge to help guide the organization through this period of immense growth,” said Francis.
Well-known for his community involvement and leadership in the housing industry, Francis has served as a board member of the California Community Reinvestment Corporation and as a President and Board member of the Affordable Housing Investors Council, an organization comprised of the nation’s largest Low-Income Housing Tax Credit investors. He also served on the board of Union Bank Foundation and currently serves on the board of Father Joe’s, a nonprofit that serves San Diegans experiencing homelessness and poverty. Francis received his bachelor’s degree in economics from the University of California at Davis.
ABOUT JAMBOREE: Founded in 1990 and celebrating 30 years of Building for Good, Irvine, CA-headquartered Jamboree Housing Corporation is an award-winning, broad-based nonprofit housing development company that develops, acquires, renovates and manages permanently affordable rental and ownership housing throughout California for working families, seniors and people with special needs. A leading community development organization, Jamboree is committed to sustaining excellence with high quality affordable housing that benefits the environment, the economy and local communities. It currently has $1.1 billion in affordable housing projects in its development pipeline and a portfolio value of $3.2 billion that includes the development of and/or ownership interest in 9,000+ homes in more than 96 California communities. Currently, Jamboree offers resident services that foster learning, health and wellness, and community building at 34 Jamboree communities with designated staff at each location. For more information, visit jamboreehousing.com and follow Jamboree on LinkedIn, Facebook, Instagram, and Twitter at @JamboreeHousing.