Director of Real Estate Development

Job Title: Director of Real Estate Development

Department: Real Estate Development

Reports to: Chief Operation Officer

FLSA Status: 40 hours per exempt

Salary Rate: $155K-$200K DOE

About Community Housing Development Corporation:

Community Housing Development Corporation (CHDC) was founded in 1990 with a vision of creating vibrant, safe, and diverse communities throughout our region where people of all ages can thrive within communities free of blight, crime, and pollution, where involved residents have access to affordable housing, education, health care, and economic opportunity. CHDC provides a broad range of affordable housing opportunities and services to enable low/moderate-income residents to gain better housing and financial stability. Our unique approach to community development engages residents at the grassroots level and ensures that the whole neighborhood and its residents’ benefit from the affordable housing and the neighborhood services provided. CHDC develops housing for families of all sizes, ages, and people with disabilities. We emphasize affordability for people with incomes below 80% of the area’s median income. Our for-sale properties are targeted at first-time buyers. Buyers are prepared and qualified to purchase through CHDC’s Homeownership Program. As a certified Community Development Financial Institute (CDFI) we can make direct loans to first-time homebuyers, along with down payment assistance.

Our property management service has grown to include services that improve the quality of life for residents which include on-site financial literacy, social service after-school programs, education, career skill-building opportunities, and access to affordable transportation. CHDC is a Green Certified NeighborWorks organization. We also focus on using energy-efficient products in our existing properties and new developments, along with offering grants to purchase eco-friendly clean vehicles.

Over 30 years since CHDC was founded it remains to be a shortage of affordable housing for low and extremely low-income people in the Bay Area, which greatly impacts their long-term economic security. As an organization we’re looking at how to advocate for the legal protection for renters and homeowners; increase the sheer number of housing opportunities for low-income families; and how educate our communities about their financial stability, so there is true equity and inclusion in the marketplace we’re focusing on Race, Equality, Diversity, and Inclusion in our operations and decision-making policies. We’re joining the larger conversation about racial equity within the affordable housing market, conversations that lead to action. We hope you’ll join the conversation as it takes more than just talking about equity, equality, diversity, and inclusion, but that’s where we can start. Learn more about Community Housing Development Corporation at communityhdc.org

Position Purpose:

The Director of Real Estate Development will lead the strategic planning, management, and execution of all real estate development projects for Community Housing Development Corporation. This role requires a visionary leader with strong expertise in real estate development, project management, and community engagement. The ideal candidate will have a deep understanding of the unique challenges and opportunities in non-profit real estate development, a commitment to our mission, and the ability to foster partnerships with various stakeholders.

Responsibilities include but are not limited to.

PROVIDES SUPERVISION FOR THE FOLLOWING STAFF:

• Assistant Director of Real Estate Development
• Senior Project Managers
• Project Managers
• Assistant Project Managers
• All Intern’s Staffed
• Development Consultants
• Real Estate Development Administrative Assistant

Essential Functions of Position:

• Strategic Focus: Responsible for the overall strategy and direction of the organization’s real estate development efforts. Oversees the entire real estate development portfolio.
• Leadership: Provides leadership and vision for the real estate development team and the organization’s development initiatives
• Strategic Planning and Leadership:
• Develop and implement the real estate development strategy in alignment with the organization’s mission and goals.
• Lead the identification and assessment of new development opportunities.
• Oversee the preparation of feasibility studies, financial analyses, and market research.
• Serves as organizational representative to housing organizations, public agencies, financial institutions, and community meetings. Advocates for affordable housing by giving public presentations, participating in community and public policy groups; attending conferences, and staying informed of public policies affecting affordable housing.
• Meets with COO on regular basis to coordinate all acquisition activities.
• Works with Executive Team CFO, COO to develop annual goals and budget for acquisitions. Develops organization’s overall acquisition strategy in coordination with other departments and executive staff.
• Prepares and makes public presentations to city planning commissions and city councils related to various CHDC projects. Also makes presentations in other public venues and to the CHDC Board of Directors, as necessary.
• Assists in identifying and evaluating new financial partners.
• Attends mandatory trainings.
• Coordinates regular (monthly meetings) and provide staff support to Project Committee composed of Board members and selected other representatives related to Development.
• Project Management:
• Manage all phases of real estate development projects, including site acquisition, entitlement, design, financing, construction, and project close-out.
• Coordinate and supervise project teams, including architects, contractors, consultants, and other stakeholders.
• Ensure projects are completed on time, within budget, and to the highest quality standards.

Financial Oversight:

• Develop and manage project budgets and financial models.
• Secure project financing through grants, loans, tax credits, and other funding sources
• Oversee financial reporting and compliance with funding requirements.

Community and Stakeholder Engagement:

• Foster relationships with community members, government agencies, partners, and other stakeholders
• Lead community outreach and engagement efforts to ensure projects meet community needs and gain local support.
• Represent the organization at public meetings, hearings, and other events.

Project Scheduling

• Create and coordinate project schedules and maintain a process for the project team
• Adherence and accountability to timelines
• Create and maintain financing timelines
• Knowledge of funding cycles and timelines
• Compliance and Risk Management
• Ensure all projects comply with local, state, and federal regulations and standards.
• Identify and mitigate project risks.
• Maintain accurate project documentation and reporting.
• Prepare and submit reports to funding sources for projects, in a timely manner
• Complete project close-out
• 8609 Filing

Qualifications:

• Minimum seven years’ experience in housing/real estate development, real estate finance, or planning. Minimum 3 years supervisory experience desired. At least five years’ experience as a Housing Development Project Manager
• Bachelor’s degree in business, real estate, or planning or equivalent experience; Master’s in urban planning, Architecture, Public Administration, or Business Administration desired
• Experience and knowledge in developing affordable housing projects within budget and deadline constraints, from start to finish.
• Experience in managing and coordinating multiple activities of project development from inception to completion preferably including nonprofit/affordable housing issues, policies, and procedures.
• Strong financial background, preferably including affordable housing real estate finance.
• Construction loan closing, permanent loan conversion, and project close-out experience
• Ability to work independently to complete tasks with minimal oversight.
• Knowledge of public entitlement and funding processes
• Strong oral, public presentation, and written communication, skills
• Proficient in Microsoft Project, Excel, and Word, aptitude/willingness to learn other management software programs.
• Ability to work in teams and coordinate diverse input into the development process.
• Ability to seek creative solutions to situations as they occur.
• Have a temperament that is suitable for the environment of a volunteer-run, nonprofit organization and the ability to create a work environment that is cheerful, productive, and inclusive.
• Commitment to affordable housing development
• Ability to work effectively with different social and economic groups and guide community design process and acceptance.
• Experience in design or engineering desirable.

Physical Requirements:

• Must be able to remain stationary for extended periods of time.
• Requires the mental acuity to perform the essential functions as outlined in an accurate and timely fashion.
• Must be able to lift at least 20 pounds.

How to apply:

Please apply directly on Volunteer/Job Opportunities – Community Housing Development Corporation. Should you have any questions, please contact ajoyner@communityhdc.org

Benefits:

· Medical Insurance, Vision Insurance, Life Insurance, AD&D insurance, Paid Vacation, Paid Sick Days, Paid Holidays, 403 (B) Plan.