Real Estate Development and Relocation Associate

2 weeks ago

Rochester, United States Rochester's Cornerstone Group, Ltd. Full time $24 - $27
Rochester's Cornerstone Group, is a regional leader in affordable housing and real estate development, consulting, brokerage services, and property management. We have been recognized as a winner of RBJ’s Excellence in Construction and Real Estate, as well as being recognized as a multiple winner of the Top Workplaces in Rochester.

Summary:The Real Estate Development and Relocation Associate is responsible for managing the resident relocation process for one or more rehabilitation projects as part of the development department. The Associate will also assist with other tasks related to the development process of affordable housing properties including, but not limited to funding applications, finance closing, construction monitoring, punch lists, and permanent closings. This role is intended to provide the opportunity to grow into other roles over time at Cornerstone, particularly in the development department. Hours spent will be split between relocation and other Development tasks on an as needed basis each week and month.
Essential Functions:
Relocation Specialist Duties
  • In coordination with the Project Manager, creates site-specific relocation plans to help facilitate the rehabilitation/construction projects for Cornerstone and its partners.
  • Works and communicates closely with the Property Storage Company, Movers, Property Manager, Construction Management Team, Property Owner, Developers, and other applicable Project Managers/ Contractors
  • Represents Cornerstone either on-site or virtually at construction meetings to provide status updates and other pertinent information.
  • Handles tenant complaints and questions in a professional manner while delegating responses to the correct team member
  • Explains the process to tenants, their families and support personnel (i.e. case workers, etc.)
  • Keeps accurate records in MS Excel and MS Word. Accurately records what worked well and what did not work, during the process to help inform future projects and for correspondence with tenants and/or funding agencies
  • Tracks dates/timelines of move-in/move-outs of specific units/buildings and working with above team to keep project on schedule
  • Responds quickly, professionally and effectively to unique issues such as, medical or financial surprises that may have potential to interrupt the move-in/ move-out schedule
  • Tracks lodge unit processes such as cable/phone accounts, lodge unit furniture, or other required items
  • Documents processes with photos
  • Has a willingness to make frequent site visits including overnight stays
 Project Predevelopment Activities
  • Has a willingness to learn requirements for the NYS LIHTC and related funding applications
  • Assists other development department members in obtaining site control for projects to be developed
  • Learns financial feasibility analyses by reviewing the potential sources of funds and uses of funds
  • Assists in relationships with lenders and joint venture partners
  • Obtains quotes and follows-up with the preparation of market studies, appraisals and environmental studies

Project Funding Application Activities
  • Meets with the development team on a regular basis, continually gathering input on the progress of project funding application(s) and required action necessary
  • Obtains and analyzes community needs documentation, summarizing them in the application and obtain necessary letters of support from the community for new developments
  • Follows up with attorneys, investors, and funders to obtain or facilitate the transmission of documents they need in order to receive funding commitment letters
  • Learns how to prepare and submit funding applications

Finance Closing and Project Monitoring Activities
  • Assists other development team members with construction finance closing by communicating with funders, partners and attorneys
  • Represents RCG at construction meetings and resolve issues related to schedule, local permits, third- party professionals’ responsibilities and funding requirements
  • Assists with construction hard and soft cost draws and coordinate construction change orders with the goal of maximizing the development fee
  • Assists with the cost certification process with the auditors and accounting department
  • Assists with the permanent closing process, once the project is completed, making sure that all funders, investors and attorneys’ requirements have been met and documentation has been satisfied

Mental and Physical Demands:
  • Requires ability to problem-solve; requires a high level of organizational and prioritization skills
  • Requires ability to maintain confidentiality of information received
  • Required to sit for prolonged periods; exposed to visual display terminal for prolonged periods; dexterity and precision required in the operation of a computer
  • Ability to lift up to 25 pounds

 Supervisory Responsibilities:
  • This position does not have any supervisory responsibilities except as may be assigned from time to time

Core Competencies/Qualifications:
  • Commitment to the Company’s mission
  • Willingness to work to comprehend development and operating budgets
  • Ability to read, write, speak and communicate effectively
  • Demonstrated skill in correct grammar, spelling, and English usage
  • Ability to establish and maintain effective relationships with co-workers, administrative team, and the public
  • Skilled in Microsoft Word, Excel and Outlook
  • Has a current NYS Driver’s License

Why join our team?RCG/CPM is committed to ongoing principles of creating diverse, equitable and inclusive strategies when selecting our employees, collaborating with partners and engaging with tenants at the properties we manage.RCG/CPM is dedicated to assisting employees in managing their careers and reaching their professional goals through promotion and transfer opportunities. RCG/CPM encourages employees and supervisors to discuss job performance on a frequent and ongoing basis. 
Our Mission: We are committed to developing, preserving and managing affordable housing that enhances the lives of our residents.
Our Values: We foster an innovative and inclusive environment where integrity is the Cornerstone.
Our People and Culture: RCG/CPM is committed to providing superior quality and unparalleled customer service in all aspects of our business. We believe each employee contributes to the success and growth of our Company. It is the policy of RCG/CPM to maintain a harmonious and professional workplace environment that promotes efficiency, positive employee morale and promotes a professional image. RCG/CPM is committed to a work environment in which all individuals are treated with respect.
RCG/CPM is an Equal Opportunity Employer. Employment opportunities at RCG/CPM are based upon one's qualifications and capabilities to perform the essential functions of a particular job. All employment opportunities are provided without regard to race, religion, sex, pregnancy, childbirth or related medical conditions, national origin, age, veteran status, disability, genetic information, or any other characteristic protected by law.  *Job descriptions are not an exhaustive list of duties; other tasks consistent with the scope and intent of the position may also be required.
 
 Join our team and make a difference

Interested candidates are encouraged to apply We are excited to look over your credentials and will reach out if we'd like to schedule an interview. Thank you

About Rochester's Cornerstone Group, Ltd.:

Formed in 1990, Rochester’s Cornerstone Group has become a true leader in affordable housing development in New York State. Since being formed, Cornerstone has created or preserved more than 3,000 units of affordable housing across New York State and extending into Pennsylvania. These projects serve a wide range of people, including families, the elderly, individuals with mobility impairments or people with developmental disabilities. Cornerstone has also brokered dozens of commercial properties in the region, ranging from professional office space to vacant land to industrial parks, as well as developed multiple commercial properties, from new construction to historic renovation.

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