Director of Real Estate Development - Affordable Housing

Are you an experienced Real Estate Developer looking for a career that brings true joy
to yourself and your community? At Cabrillo, you can make an impact!

Who We Are

Cabrillo Economic Development Corporation develops and manages service-enriched, inclusive residential communities, ensuring access to affordable, secure, quality housing that creates the foundation for our residents to grow and thrive. An industry leader since 1981, CEDC has built 45 affordable housing developments totaling close to 1,700 ownership and rental units. It currently has an ownership interest in 1,121 rental units that it manages. CEDC has an annual operating budget of $5,800,000 and multiple projects in the early stages of development.

What We Offer

• Salary range $140,000 to $160,000
• Medical, Dental and Vision Insurance
• Company Retirement Plan
• PTO
• Paid Holidays
• Hybrid Schedule
• Relocation Assistance
• Tuition Reimbursement - undergrad and graduate!
• Fantastic culture and a place to grow your career!

What You Will Do

• Development of project acquisition and funding strategies (Identifying potential sites for new construction and/or rehabilitation, negotiations with potential property sellers and keeping abreast of new and existing funding programs)
• Preparation of financial and physical feasibility analyses of potential low-income housing sites and developments
• Identification and preparation of loan (predevelopment, construction, permanent and deferred loans), grant, and low-income housing tax credit applications
• Negotiations with equity investor partners on investment terms and conditions of low-income housing tax credits projects and ongoing communication with public and private lenders to secure and close financing sources noted above
• Selection and supervision of architects, consultants, contractors, and property managers
• Representing this non-profit company before public agencies, elected officials, community groups, and financial institutions.
• Ensuring a successful transition of our projects from construction to operation by coordinating with Asset Management and Resident Services staff
• Providing staff support to the RED Committee of the Board of Directors 
• Supervising, training, and providing technical advice and guidance to Project Management and/or housing development staff, as required

What We Want From You

• Minimum of ten (10) years of progressive affordable housing development
• experience.
• Master’s Degree in business administration, public administration, community development or other related field is preferred.
• Sensitivity to the needs and concerns of low-income individuals.
• Grant writing and fundraising experience
• Community outreach

We are an Equal Opportunity Employer
All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or Veteran status.