Real Estate Development Associate

2 weeks ago


Silver Spring, Maryland, United States Montgomery Housing Partnership (MHP) Full time
About the Role

Montgomery Housing Partnership (MHP) is seeking a highly skilled Real Estate Development Associate to support the daily activities of the Real Estate Development team.


Key Responsibilities

  • Due Diligence, Feasibility, and Project Funding: Ensure completion of necessary due diligence to protect the owner and investors, design initial program and financing strategy, conduct and review feasibility analysis, and identify funding opportunities.
  • Project Administration and Closing: Assemble and manage the development team, negotiate contracts and coordinate team throughout the development process, coordinate property acquisitions and closings, and manage permitting and approval process.
  • Project Construction, Monitoring & Close Out: Closely monitor the construction process, work with project team to resolve financial and other issues, and assure compliance with tax credit, bond, and other agreements.

Requirements

  • Demonstrated interpersonal and technical skills, including proficiency in Excel, word processing, and presentation software.
  • Strong writing and verbal communication skills, critical thinking, and negotiating skills.
  • Good organizational and time-management skills, and ability to work in and with teams.
  • Undergraduate degree in real estate development finance, architecture, or affordable housing development, with a master's degree preferred.
  • One to two years' work experience in residential development, either affordable or market rate housing, or a related area.

About MHP

MHP is a private nonprofit that provides more than 2,800 homes in Montgomery County, MD, and surrounding communities. We accomplish our mission by housing people, empowering families, and strengthening neighborhoods.


Benefits

MHP offers a competitive benefits package, including medical programs, flexible spending accounts, 403(b) retirement matches, and paid time off, with a salary range of $66,600 to $113,400 based on relevant experience.



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