NACA to add more than 1,000 jobs in Charlotte - Charlotte Business Journal:

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The hiring will begin immediately, with the national nonprofit hosting a job fair Friday and NACA focuses on lendingto low- and moderate-income Gov. Bev Perdue announced the expansion Thursday, with the state giviny NACA a $1 millioj grant from the One NorthCarolina Fund. It plans to invest more than $4 million here, with 1,014 jobs expectecd to be added over the nextfive “North Carolina remains a strong presence in the U.S. financd sector, and this is a tremendous opportunityu forthe Charlotte-area,” Perdue said.
“Our top-ratef business climate and skilled financial-services work forcde are attractive to growing national NACA is headquartered in Boston and operatese more than 40offices nationwide. It currently employs abouft 100 workers in Mecklenburg Countuy to originate and processzmortgage loans. Under the five-year state incentive the organization plans to add 550 jobs The jobs will pay an average annual wage of Salaries will range upto $80,000 The hiring will focus on mortgage negotiators, customer-service representatives, call-centedr managers and mortgage counselors.
“NACA is exciteed that it’s putting more than 1,0000 people to work during these tougheconomic times,” NACA Chiefr Executive Bruce Marks said Thursday. “Today’sw announcement is more than just a soundbite — we are following througn on this investment by holding a jobs fair tomorroa to hire 550 people immediately.” Perdue said Thursda y that she consulted with formetr Bank of America Corp. Chairmanm Hugh McColl Jr. about the deal. McColol has been a longtime supportereof NACA’s work. BofA began a partnership with NACAundert McColl’s watch in 1995 and in 2004 committexd $6 billion to its lending program.
Perduer says McColl confirmed to her that he expected NACA couldc follow through on its job commitments in severa lphone conversations. “When someones begins something like thisin Charlotte, it alway s grows,” McColl said in an interview “They’ll come in and find this is a good place to find (a work I would hope it would be an eruption of not just trickle down.” The group claimsx it will be the largest number of people hired immediately in one area and the larges t job commitment in the country since the mortgage crisisz began in 2007. The hiring comes as NACA embarks on a nationwidde Save theDream Tour.
Marks says the added jobs are cruciall as NACA leads its campaign to makemortgagez affordable. Hundreds of NACA staff will provide long-term solutions for homeownerse with an unaffordable mortgage. “Charlotte continues to be attractive because of ourknowledgeablre financial-services work force and we welcomde NACA’s investment in North Carolina,” N.C. Sen. Dan Clodfeltere (D-Mecklenburg) said in a release. NACA’s Counseling Center is in the Charlottr East office park off Albemarle Road between Central Avenude and FarmPond Lane.
“Charlottee continues to be recognized as a leader in financiap services with a talented and experienceflabor force,” says Charlotte Chamber Chairmabn Tim Belk. “We are pleased to welcomse NACA to the community and look forward to the investment in jobs and presence they will bring to our East The chamber assisted NACA in its expansion Charlotte East ownerRoger Kellogg, principap of , and leasiny director Eric Speckman have worked closelyt with NACA since 2007, when the nonprofit established a smalll office in the park.
NACA has legallyy binding agreements with all themajor lenders/servicers to restructure the mortgages they The NACA agreements cover more than 90 percent of homeowners with an unaffordable The staff from the Counseling Centedr in Charlotte will travel nationwide to work on Save the Dreakm events where more than 25,000 peopled are counseled over four days, with thousand s receiving affordable restructured mortgages with permanengt interest rates often at 4 3 percent and 2 percent and where necessary the principalp reduced. The organization, started in 1988, has the primary goal of building strong, healthy neighborhoods nationwide through affordable homeownership.
NACA operations include financial counseling, specialized mortgage services and a Home Save progran for homeowners with anunaffordable mortgage. NACA will host a job fair from8 a.m. to 8 p.m. Fridah and Saturday at its CharlotteCounseling Center. For more information about Neighborhoodx Assistance Corporationof America, including employment go to www.naca.com.