Director of Affordable Housing Development

1 month ago

Walnut Creek, California, United States Christian Church Homes Full time
Job Summary

We are seeking a highly skilled and experienced Director of Real Estate Development to lead our affordable housing development efforts. This is a full-time, exempt position based at our Central Office in Walnut Creek.

Key Responsibilities
  • Manage and lead the entirety of the real estate development process, including financing, closing, construction administration, and placement into service.
  • Interface with development consultants to achieve desired outcomes, cultivate long-term resources, and review grant applications for appropriateness.
  • Work collaboratively with internal departments to gain input on real estate development strategy and create projects that reflect community needs, organizational expertise, and risk tolerance.
  • Identify and secure viable development sites, establish strong relationships with community-based non-profits and religious entities, and obtain capital from various public and private sources.
  • Complete financial analysis of prospective projects, determine funding strategy, and identify re-syndication opportunities within the portfolio.
  • Collaborate with asset management to develop re-capitalizing and re-structuring strategies for existing assets, prepare proformas and other projections, and establish permanent operating budgets.
  • Hire, retain, and oversee the professional development and career advancement of the department's staff, oversee the daily workflow, and identify opportunities and sites for housing development.
  • Effectively represent the department and CCH in meetings with governmental agencies, community groups, and other stakeholders, and collaborate closely with the finance department to mitigate risk and provide transparency.
Qualifications
  • 10+ years of experience in Affordable Housing Real Estate Development, including Senior Housing, Supportive Housing, and/or Multifamily Affordable Housing.
  • 5+ years of experience leading the identification of new projects and engaging with internal and external leadership to grow the CCH development pipeline.
  • Progressive experience supporting and mentoring development talent, with at least one PM or Sr. PM as a Director Report.
  • 5+ years of experience writing successful applications for funding, including a thorough understanding of RFP schedules, LIHTC, tax exempt bonds, state/federal capital programs, local funding, mixed-financed deals, and PRAC for RAD conversions.
  • Completion of 5 or more development projects, soup-to-nuts, and the comfort, maturity, and professionalism to lead a department through the full development cycle.
  • Bachelor's degree in a related field and work experience and/or graduate level coursework.
  • MA in real estate or urban planning a plus.
  • Extensive experience (10 years+) in the affordable real estate development field, including a demonstrated track record of leading all aspects of the real estate development cycle.
  • Minimum of 5 years' supervisory experience of real estate development staff.
  • Occasional travel (regional and national) as required to fulfill primary job responsibilities and duties.
  • Passion for the Christian Church Homes' mission to provide quality affordable housing in caring communities.
  • Strong real estate development experience, including local government procedures to secure entitlements and all necessary permits.
  • Ability to work effectively with various community groups, including CCH residents, government and private lenders, business community members, and surrounding neighbors of proposed developments to listen and respond to community concerns.
  • Experience managing development for a complex nonprofit with multiple funding sources, including government (federal and state) contracts and an affiliate structure with diverse program areas delivered nationally.
  • Excellent verbal and written skills and the ability to present information effectively.
  • Excellent organizational skills and attention to detail.
  • Excellent supervisory and leadership skills.
  • Effective use of mediation and conflict resolution techniques and processes for influencing performance management; Ability to resolve problems, handle conflict and make effective decisions under pressure.
  • Ability to establish and maintain effective relationships with other management staff, team members, and the general public.
  • Knowledge of and experience with Microsoft Office Suite and proficiency in sophisticated financial analysis using Excel and with word processing software such as Microsoft Word.
  • Advanced analytical and problem-solving skills.
  • Ability to develop long-term plans and programs and to evaluate work accomplishments.
  • Ability to serve with integrity, professionalism, and confidentiality.
  • Ability to prioritize tasks and consistently meet project deadlines.
General Requirements
  • CCH conducts background checks on all candidates who have received a conditional job offer. Satisfactory completion of background check is a requirement of employment with CCH.
  • A valid driver license, reliable personal vehicle, personal auto insurance as required by law, and an MVR sufficient to obtain and reasonably maintain insurability under agency auto liability policies are essential job requirements.

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