Real Estate Development Manager

4 weeks ago


Baltimore, Maryland, United States AHC Inc Full time
Job Overview

AHC Inc. is seeking a highly motivated and experienced Real Estate Development Manager to join its dynamic real estate development team. The successful candidate will be responsible for initiating and overseeing the full range of development tasks from initial concept development through entitlement approvals, financing, construction completion, lease-up, and project close-out.

Key Responsibilities:
  • Generate development budgets and pro forma to evaluate financial feasibility.
  • Negotiate with lenders and investors to obtain acquisition, construction, and permanent financing.
  • Work with land use counsel, consultant teams, and local jurisdictions to gain approval of land entitlements and/or financial support.
  • Coordinate the underwriting and closing process, including document review.
  • Present to senior staff, the AHC Board of Directors, community groups and local governments.
  • Manage development consultant team members during all phases of development/construction.
  • Identify new opportunities and lead efforts to obtain site control.
Requirements:
  • 2-4 years experience developing and/or acquiring multifamily affordable housing.
  • Familiarity with the Low-Income Housing Tax Credit and tax-exempt bonds.
  • Experience creating development budgets and working with real estate proformas to model complex financial structures.
  • The ability to delegate tasks, teach, and supervise less experienced teammates.
  • Graduate degree in finance, real estate, urban planning, or other relevant discipline.
  • Desire to take ownership of projects while working well within a team environment.
  • Ability to juggle multiple, complex projects.
  • Strong interest in affordable housing and a passion for creating positive change.
  • Knowledge of construction, property operations, and other applicable fields is a plus.
  • Excellent oral, written, and interpersonal skills.
  • Ability to work independently.
What We Offer:

AHC has a Hybrid Work Schedule with staff working onsite on our core days (Monday, Tuesday, and Thursday). Staff may work remotely on Wednesday and Friday. AHC is committed to promoting Equity in our work and strives to advance initiatives that promote more equitable access to resources for residents and neighborhoods served by AHC.



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