Real Estate Development Director

7 days ago


Decatur, Illinois, United States DECATUR HOUSING AUTHORITY Full time
About the Role

We are seeking a highly skilled and experienced Real Estate Development Director to join our team at the Decatur Housing Authority. This is an exciting opportunity for a motivated individual to contribute to our mission of creating affordable housing in the City of Decatur.

Job Summary

The Real Estate Development Director will be responsible for overseeing the development and acquisition of new properties, as well as the redevelopment of existing ones. This includes researching and analyzing potential real estate opportunities, coordinating with local government agencies, and managing partnerships with not-for-profit and for-profit developers.

This role requires a strong understanding of federal, state, and local funding programs, including LIHTC, HOME, ARPA, and TAD financing. The successful candidate will have excellent project management skills, experience in budgeting and pro forma development, and the ability to work effectively with various stakeholders.

Key Responsibilities

  • Identify and evaluate potential real estate acquisition and development opportunities
  • Research and analyze feasibility studies for proposed projects
  • Coordinate with local government agencies and other stakeholders to secure necessary approvals and funding
  • Manage partnerships with not-for-profit and for-profit developers to ensure successful project outcomes
  • Develop and manage budgets and pro forma for multi-family developments
  • Ensure compliance with state, federal, and financing partner requirements

Requirements

To be considered for this role, you should have:

  • A Bachelor's degree in real estate, planning, finance, business administration, or a related field
  • At least 5 years of progressively responsible experience in real estate development
  • Experience in creation of budgets and proforma for multi-family developments, preferably affordable housing
  • Experience in LIHTC development, including record of successful funding awards
  • Substantial experience with LIHTC properties and related compliance oversight

What We Offer

In return for your expertise, we offer a competitive salary of $80,000 - $110,000 per year, depending on experience. Our benefits package includes health insurance, retirement plan, and paid time off.



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