Job Description:\n\nSalary: $104,936 - $140,628.80 annually Homes for Good is looking for a Real Estate Development Director to join our Real Estate Development team! REAL ESTATE DEVELOPMENT DIRECTOR Posting Date: Wednesday February 21, 2024 Application Deadline: Open until filled. First round of application review will begin on March 25, 2024. Salary Range: $104,936.00 - $140,628.80 annually WHO WE ARE Homes for Good Housing Agency is the Public Housing Authority (PHA) for Lane County, Oregon. Our primary work is to help low-income community members with the logistics of affordable housing. At a higher level, we are neighbors united to get every Lane County resident who needs help into a home. Our programs provide housing and rental assistance to over 5,000 families in Lane County through voucher-based subsidies and Agency-owned public, multi-family and affordable housing communities. In addition to rental assistance, our team provides resources to program participants and residents including but not limited to general resident support, Permanent Supportive Housing (PSH) programming, Weatherization assistance and HUD’s Family Self-Sufficiency Program. Homes for Good is an equal opportunity employer, committed to Diversity, Equity & Inclusion throughout our organization and within our hiring and promotional practices. We endeavor to hire a workforce that is representative of the communities we serve, with an understanding that a diverse and inclusive staff will strengthen our Agency. All applicants will receive consideration for employment without regard to race, color, religion, age, sex, sexual orientation, gender identity or national origin. OUR VALUES At Homes for Good, our values are demonstrated through our simple tagline. Homes.People.Partnerships.Good. Our current priorities and initiatives include: Implementing our Strategic Equity Plan (SEP) Expanding services to our third-party managed and Permanent Supportive Housing (PSH) communities. Continuing to develop affordable housing in Lane County communities who need it most, including outlying rural communities. Repositioning our asset managed portfolio to maximize revenues. Check out our Vimeo page to learn more about our culture, our work and our workplace. OUR REAL ESTATE DEPARTMENT TEAM Our Real Estate Department consists of three teams; Real Estate Development, Asset Management and Capital Projects. The team is responsible for the development, management and the revitalization of Homes for Good’s real estate assets. WHAT YOU WILL DO FOR OUR TEAM The Director of Real Estate Development plays a key role in advancing Homes for Good's overall goals by overseeing the strategic and day-to-day operations of the Real Estate Division. This involves managing, planning, and supervising functions related to Project Development, Asset Management, Risk Management, and Capital Projects. Reporting directly to the Executive Director, the Real Estate Development Director is tasked with ensuring the creation of affordable housing units in alignment with the Agency's objectives. They are also responsible for implementing plans to optimize current assets, supporting unit production, and ensuring the Agency's long-term financial stability. Furthermore, the Director provides leadership, steering the Real Estate Division strategically while actively contributing to the organization's mission and direction. Their responsibilities encompass overseeing new construction, acquisitions, and rehabilitation efforts, guiding development strategies for the Agency's real estate portfolio, and evaluating financial alternatives to enhance asset positioning. Additionally, the Director focuses on enhancing operational efficiency within a continually evolving regulatory landscape and remains attuned to community needs for affordable housing. The Real Estate Development Director is entrusted with: Strategic & financial management of Homes for Good’s real estate assets. Leadership and administration Community engagement & advocacy Implementation of the Agency’s Strategic Equity Plan for their Division Building and sustaining collaborative working relationships with internal departments, local leaders in the affordable housing ecosystem, lenders, contractors, the general public and other interested parties Explore the Real Estate Development Director Recruitment Brochure for more information on our Agency, our community and the position's responsibilities and requirements. DUTIES: These are intended only as illustrations of the various types of work performed. The omission of specific duties does not exclude them from the position if the work is similar, related, or a logical assignment to the position. Housing DevelopmentIdentifies funding sources, securing grants and loans; negotiates terms with lenders and investors.Lead comprehensive due diligence assessments encompassing intricate financial agreements, loan documents, as well as real estate development opportunities, ensuring thorough reviews of insurance, legal, land, architectural, and environmental aspects.Leads negotiations and decision-making related to real estate acquisitions, demolitions and dispositions. Provides oversight to the structuring, design, negotiation and supervision of real estate development and redevelopment transactions including the use of Low-Income Housing Tax Credits, grants and other mixed financing and HUD programs. Provides technical consultation and assists in the development of requests for proposals as needed. Reviews feasibility proposals and prepares progress reports for the Executive Director and Board of Commissioners. Obtains and maintains complete records or real property legal descriptions, transactions, deeds, leases, agreements and other related documents. Leadership & Strategic PlanningDirects and manages all operations of Homes for Good's real estate initiatives. Leads division -wide objectives and is accountable for overall results related to acquisition, development, disposition, leasing and management of Agency owned real estate assets.Ensures deadlines and program goals are met.Selects, evaluates and supervises assigned staff; assigns work and ensures appropriate training is provided; recommends and administers disciplinary action when appropriate; handles sensitive personnel matters; exercises full supervision over direct reports. Fiscal ManagementResponsible for managing a multi-million-dollar real estate portfolio, developing and administering recommended budgets; takes the lead in establishing and monitoring against department budgets, including reporting and related functions. Relationships ManagementServes as a liaison between the Real Estate division and other departments and outside agencies; maintains high-level contact with others in key positions across the organization and throughout the community including government, business leaders and partners.Works directly with landlords, economic development officials and other municipal, regional and federal representatives involved in economic and real estate development in order to secure business and legal terms consistent with Agency goals and values. Cultivates collaborative relationships between the Real Estate Division and architects, engineers, general contractors, construction lenders, investors, other development professionals and property management companies.Cultivates collaborative relationships between the Real Estate Division and other teams, actively engaging in meetings and work groups to improve processes and cross functional information sharing.Creates and fosters positive working relationships with contractors. Asset OptimizationOversees the analysis, development and implementation of a comprehensive plan for Homes for Good’s real estate development initiatives to maximize income and preserve/create asset value and income.Directs strategy for repositioning of existing properties by working with the Asset Management framework, continuously monitoring market conditions for opportunities. Oversees the development of hold/sell analysis, annual operating and capital improvement budgets, market analyses and asset valuation. Community EngagementPrepares and delivers presentations on development projects to executive staff, board members, community partners and the public regarding real estate development, procurement, financial and housing policy decisions. Participates in/on task forces, meetings and committees and collaborates in the development and implementation of inter-agency initiatives. Performs other related duties as assigned. WHAT WE ARE LOOKING FOR Studies have shown that people who hold marginalized identities are less likely to apply for jobs if they don’t meet every one of the qualifications listed. We are interested in finding the best candidate for the job, and that candidate may be one who comes from a less traditional background. If you meet key qualifications for the job, and believe you would be the best fit, we encourage you to apply. Please use your cover letter to explain how you will accomplish parts of the job for which you have less experience. If you are unsure whether you meet the qualifications of this position, please feel free to contact us at hr@homesforgood.org. QUALIFICATIONS: Minimum qualifications are used as a guide for establishing the minimum experience, education, licensure and/or certifications for someone to be successful in the position. Any combination of experience and training that would likely provide the required knowledge and abilities is qualifying. A typical way to obtain the knowledge and abilities would be: EXPERIENCE: A minimum of five years progressively responsible experience in management, supervision, development, design, finance and construction of affordable housing. EDUCATTION & TRAINING: Bachelor’s degree from an accredited college or university with major course work in business administration, real estate development, public administration, finance, urban design and planning or a related field. SUBSTITUTION: Any combination of experience and education on a year for year basis up to a maximum of four years of responsible affordable housing development experience may be substituted for the education requirement provided that the knowledge, skills and abilities to perform the work have been demonstrated. LICENSE OR CERTIFICATE: Possession of, or ability to obtain, a valid State of Oregon vehicle driver’s license, and be insurable at standard rates is great but not required. WHAT’S IN IT FOR YOU? COMPENSATION: The pay range for this position $104,936.00 - $140,628.80 annually. In addition to a competitive salary, Homes for Good offers a benefits package that includes: Choice between two different health plans Choice between two different dental plans Vision coverage 100% Agency paid insurance premium for you and your family (you won’t pay any premiums) 401(k) with a 12% employer contribution (regardless of your contribution) Tax advantage account options (HSA, HRA, FSA) depending on chosen plan 100% deductible reimbursement, depending on chosen plan Agency paid life insurance for $50,000 with the option to purchase additional voluntary coverage Long term disability plan with an income replacement benefit Employee Assistance Program (EAP) Hybrid and Flexible Work Plan (This position is eligible to work up to 50% remotely. Must reside within the State of Oregon and be available to report on site in Eugene, Oregon as needed to meet business needs. 2024 Benefits Guide PAID TIME OFF: At Homes for Good, we believe that providing employees with adequate time off to rest, recuperate, and to accommodate personal family commitments is necessary for our organization’s success. To that end, we provide the following paid time off: Paid time off (PTO) starting at 6 weeks per year 13 paid holidays 1 personal day added to your PTO balance each year Homes for Good offers a family friendly environment with flexible scheduling options, and a generous paid time off (PTO) program starting at six weeks per year. WE’RE THRILLED THAT YOU ARE CONSIDERING APPLYING FOR THIS POSITION! PLEASE READ THE DETAILS BELOW FOR INSTRUCTIONS ON HOW TO APPLY FOR THE ROLE APPLICATION PROCEDURE: Click here to view a PDF of this job announcement. Applications will be reviewed for relevant experience, education and training. All applicants will be required to take a pre-employment assessment upon submission of application materials. A link to the pre-employment assessment will be included in a confirmation email. Applicants who fail to take the pre-employment assessment will not be considered for further consideration. ***The pre-employment assessment is an important step in our hiring process. If you do not receive an email confirmation with a link to the assessment after you submit your application, please check your junk mailbox. If you are unable to locate the confirmation email and assessment link, please email us at hr@homesforgood.org and we will send you the assessment link*** The best-qualified applicants may be invited to complete further testing, which may consist of any combination of written, oral, performance exercises and/or skills testing. Responses to supplemental questions are required if applicable. POSTING DATE: Wednesday February 21, 2024 CLOSING DATE: Open until filled. First round of application review will begin on March 25, 2024 Note: This is an equal opportunity employer and complies with State and Federal laws and regulations relating to the 1973 Rehabilitation Act, Section 504, and the 1990 Americans with Disabilities Act (ADA) and the 2009 Americans with Disabilities Act Amendment (ADAA). Homes for Good does not discriminate on the basis of disability status in the admission or access to its federally assisted programs or activities. Entrance Requirements: Homes for Good will establish or revise the entrance requirements of this position in order to provide a reasonable accommodation for a disability if doing so does not impose an undue hardship on the operation of the program. A reasonable accommodation may include, depending on the nature of the job duties, waiving the requirements for a physical examination and/or the requirement to possess or obtain a driver’s license. It shall be the policy of Homes for Good to assist and encourage the employment of persons with disabilities who are able and qualified to perform the work for which they have made application. The above information on this description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job. This position specification is not an employment agreement or contract.