Affordable Housing Development Director

2 weeks ago

Jacksonville, United States CareerBuilder 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 Housings 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 Housings day-to-day housing development efforts, adhering to the organizations values, facilitating the agencys growth, and advancing Ability Housings reputation as a quality builder.

Oversee the organizations 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 organizations 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 organizations 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 Housings core values and dedication to mission

by Jobble

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