1 Real Estate Development Coordinator Job in Lynchburg, VA
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Real Estate Development Coordinator
$61k-75k (estimate)
Full Time
6 Months Ago
Rush Homes is Hiring a Real Estate Development Coordinator Near Lynchburg, VA
Real Estate Development Coordinator
Salary: $48,006.40 to $63,003.20
Position Summary:
The Real Estate Development Coordinator (REDC) is responsible for leading all aspects of Rush Homes’ affordable housing development for individuals and families with disabilities and low incomes. Responsibilities include leading the creation of affordable and accessible housing concepts, developing funding, and directing/managing all aspects of development involving new construction, rehabilitation, or acquisition. The REDC will analyze portfolio properties for major repair/renovation needs, developing and carrying out plans as needed. The REDC will work collaboratively with the Project Development Committee.
Position Details:
- Create housing development concepts and develop financial analyses, including 15-year proformas and specific Property Management requirements
- Locate and analyze housing sites; perform all due diligence such as zoning, environmental assessments, geotechnical, utilities, site plans
- Engage and direct legal counsel in the formation of new entities, purchasing and closing documents, board resolutions, etc. that may be required for the successful development of the project
- Review housing project plans with Property Management including any specific funder requirements including set-asides, priority tenant populations, compliance concerns and/or income requirements
- Solicit and engage architects, general contractors, market analysts, etc. necessary for the housing development
- Serve as Project Manager throughout project development, ensuring design and construction resulting in cost effective housing meeting all requirements and specifications
- Solicit community support for housing development through organizing and/or attending individual and community meetings
- Determine funding opportunities and prepare funding and loan applications including construction loans and support/defend requests at public meetings
- Monitor budget adherence by tracking project finances throughout development, review and process invoices, pay applications and change orders in a timely manner, resolve any cost or design issues
- Prepare all required closing documentation as per attorney and funder requirements and support closings in a timely manner
- Participate in local, regional, and state affordable housing related collaboratives, committees, councils, or other groups as needed, supporting all aspects of affordable housing for individuals/families with disabilities
- Maintain local and state Community Housing Development Organization certifications for Rush Homes
- Clarify and communicate funder and regulatory compliance requirements and issues that affect both Development and Property Management
- Lead major repairs/renovations as necessary. Determine funding sources, engage subcontractors as needed, form plans with input from Property Management regarding tenant family concerns, and initiate projects
- Serve as Project Manager for major asset repairs/renovations including tracking costs, maintaining project schedules, participating in project meetings, and overseeing and closing out projects
- Review and approve invoices and pay applications
Desired Qualifications:
- Bachelor’s Degree in a related field such as planning, finance, or business preferred. Experience in other related disciplines accepted
- One or more years of related experience or equivalent combination of education and/or experience.
- Excellent project management skills
- Knowledge of/experience with local, state, federal, and private funding sources for affordable housing development including but not limited to HOME funds and Low Income Housing Tax Credits (LIHTC) is preferred
- Excellent written and verbal communication skills including public speaking and presentations. Able to communicate effectively across a broad audience
- Proficient in Microsoft, specifically Excel; general comfort with technology.
- Commitment to the Rush Homes’ mission of providing affordable housing to disabled and low-income residents
- Compassionate, positive, self-motivated, organized, problem solver, with a willingness to learn and engage within our team
Working Conditions/Physical Requirements. This job operates in a professional office environment. On occasion this position may work off-site at events. This role routinely uses standard office equipment such as computers, phones, photocopiers, and filing cabinets. The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. While performing the duties of this job, the employee is regularly required to move for prolonged periods of time for resident services events. The employee is frequently required to operate a computer and other office equipment, communicate information and ideas so others will understand, observe details at close range, and will occasionally move items weighing up to 30 pounds.
Travel Requirements. Local travel required. Must possess a valid driver’s license and reliable transportation to travel in support of Rush Homes events across multiple properties. Mileage reimbursed.
Hours of Work. This is a full-time, exempt position, working 40 hours per week, Monday – Friday. Occasional
evening or weekend support may be required for special events/programming.
evening or weekend support may be required for special events/programming.
Reasonable Accommodations Statement. To accomplish this job successfully, an individual must be able to perform, with or without reasonable accommodation, each essential function satisfactorily. Reasonable accommodations may be made to help enable qualified individuals with disabilities to perform the essential functions.
Salary and Benefits.
- Rush Homes has a competitive benefits package that includes medical, dental and vision insurance, life insurance, retirement benefits, and paid leave.
Equal Opportunity Employment.Rush Homes offers equal employment opportunities (EEO) to employees and applicants for employment and prohibits unlawful discrimination and unlawful harassment on the basis of race, color, religion, national origin, gender, age, disability, gender identity or expression, veteran status, marital status, sexual orientation or any other protected classes or categories as defined by federal, state or local laws. This policy applies to all terms and conditions of employment including, but not limited to recruitment, selection, promotion, termination, layoff, recall, transfer, leave of absence, training program participation, compensation and all other terms, conditions and privileges of employment.
Job Summary
JOB TYPE
Full Time
SALARY
$61k-75k (estimate)
POST DATE
10/23/2023
EXPIRATION DATE
05/25/2024
WEBSITE
rushsearchpartners.com
HEADQUARTERS
Plano, TX
SIZE
<25
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