Affordable Housing Development Director

Found in: Appcast Linkedin GBL C2 - 2 weeks ago

Jacksonville, United States Ability Housing Full time

Position Summary

 

The Real Estate Development Director is the leadership role within the Real Estate Development Department responsible for oversight of all facets of the real estate development process from inception to stabilization. The Real Estate Development Director executes all functions of real estate development with a focus on identifying and pursuing new opportunities; planning, analyzing, and managing project budgets; securing financing; and administering this multi-faceted and multi-tasked process. The Real Estate Development Director guides and manages Department staff, coordinates with interdepartmental leadership and collaborates with external stakeholders to ensure housing production project quality within scheduled timelines, approved budgets, and Ability Housing’s mission-driven expectations. The Real Estate Development Director reports to the Chief Operating Officer.

 

Essential Duties and Primary Responsibilities

 

The Real Estate Development Director leads Ability Housing’s day-to-day housing development efforts, adhering to the organization’s values, facilitating the agency’s growth, and advancing Ability Housing’s reputation as a quality builder.

 

§ Oversee the organization’s real estate development process including acquisition, planning, design, financing, permitting, construction (new or rehabilitation), and close-out

§ Ensure efficient production in accordance with strategic plan revenue and unit creation goals

§ Maintain a working knowledge of municipality, county, state, and federal affordable, workforce, and supportive housing development policies

§ Maintain a working knowledge of affordable, workforce, and supportive housing funding sources as well as related application and timeline requirements

§ Maintain a working knowledge of land use, zoning, and related processes

§ Develop and maintain strong professional relationships with key stakeholders and partners in governmental, construction, and design sectors

§ Sources new opportunities for affordable, workforce, and supportive housing funding

§ Guide development and execution of organization’s acquisition strategy

§ Lead collaborative process to develop and refine project concepts including population profile, design elements, budgetary considerations, and timeline

§ Manage financial structuring of projects to determine appropriate funding sources

§ Oversee property financing, underwriting, and closing processes

§ Oversee development of project plans and specifications, ensuring input from appropriate internal stakeholders

§ Ensure designated staff obtain required entitlements, permits, and approvals in a timely manner  

§ Oversee coordination with architects, engineers, designers, financers, construction personnel, and operations team

§ Analyze and approve project design plans to ensure quality and cost effectiveness

§ Lead solicitation of investor and lender proposals, analyzing and negotiating financing terms and legal agreements with lenders and investors, keeping Chief Operating Officer and Chief Executive Officer adequately engaged and informed

§ Drive internal and external teams to keep projects on schedule and within budget

§ Ensure Finance has adequate information to manage organization’s cash flow, budgeting and projections

§ Conduct periodic general construction site visits and reviews

§ Ensure adequate monitoring of project status, keeping Chief Operating Officer and Chief Executive Officer adequately engaged and informed

§ Ensure timely issuance of Real Estate Committee meeting materials; securing required approvals from the Committee and/or Board of Directors

§ Conduct post-construction lesson learned discussion

§ Participate in all required meetings with stakeholders and partners, i.e., local and state organizations, commissions, committees, etc.

§ Manage departmental budget

§ Maintain continuous communication with the Chief Operating Officer and necessary constituents to keep others informed including of critical issues

§ Provide supervision and mentorship to Real Estate Development Department team members

§ Perform other duties as assigned

 

Qualifications

 

The Real Estate Development Director will possess the following education, experience, and competencies:

 

Education

 

§ Bachelor's degree in real estate, construction science/management, finance, business, engineering, or other related field

§ Master's degree in related field a plus

§ Related professional and/or industry certifications and/or licenses a plus

 

Experience

 

§ Minimum of 10 years of real estate development and project management experience

§ Multifamily and/or affordable housing development experience a plus

 

Knowledege, Skills, and Abilities

 

§ Knowledge, understanding, and application of all phases of real estate and affordable, workforce, and/or supportive housing development

§ Strong critical thinking, decision making, and problem solving skills

§ Sound judgement, analytical skills, and reasoning

§ Excellent verbal and written communication skills

§ Technological proficiency with Microsoft Office Suite and project management systems and databases

§ Ability to perform a variety of responsibilities with keen attention to detail, strong integrity and ethics, and commitment to excellence

§ Ability to take initiative, be independently resourceful, and maintain a results-oriented mindset

§ Ability to focus, prioritize, and manage multiple tasks effectively

§ Ability to balance competing and challenging demands, effectively handle shifting priorities, and meet deadlines

§ Ability to function as a dependable/reliable team player with all staff

§ Ability to lead and mobilize projects, project communication, and project teams based on critical milestones and timeline adherence

§ Ability to mentor, develop, and build high performing teams

§ Results orientation and persistence to achieve outcomes

§ Possesses adaptable and entrepreneurial nature

§ Possesses valid Florida driver's license and own actively insured transportation

 

Success Factors/Metrics


Some key success factors in accordance with the oversight of real estate development activities, processes, and operations include the following metrics:

 

§ Number of housing project awards

§ Successful management, execution, and stabilization of housing development projects

§ Achievement of production and financial goals

§ Efficient handling of project budgets, tasks, and timelines

§ Compliance with affordable, workforce, and supportive housing policies and regulations

§ Positive relationships with key stakeholders, constituents, and partners  

§ Effective negotiation and contract management

§ Timely acquisition of required entitlements, permits, and approvals

§ Quality project plans and specifications

§ Effective management of teams

§ Refection of Ability Housing’s core values and dedication to mission


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