What are the responsibilities and job description for the Development Coordinator - Dallas Regional Office position at Dominium Management Services?
Dominium is helping tackle the affordable housing crisis – and we’re looking for motivated candidates to join our team and advance our mission. With offices in Atlanta, Dallas, Phoenix and Minneapolis, Dominium is one of the nation’s most respected and innovative affordable housing development and management companies. We create quality, affordable homes and engage with our residents to foster a strong sense of community and connection.
Join us in making a difference in people’s lives every day at a company where you can challenge yourself to develop both personally and professionally.
POSITION SUMMARY:
The Development Coordinator plays a crucial role in managing the due diligence process for an assigned portfolio of multifamily real estate development projects. These projects span across various stages of the development lifecycle, from pre-purchase agreement through closing and pre-stabilization. As a key member of the development team, the Development Coordinator ensures the organized and timely completion of due diligence, financing applications, and post-closing value events.
ESSENTIAL FUNCTIONS:
- Prioritizes and manages multiple complex projects concurrently, ensuring all deadlines within the assigned portfolio are met.
- Prepares and coordinates comprehensive due diligence materials for lenders and equity institutions related to affordable multifamily housing closings, including acquisitions, resyndications, and new construction projects.
- Assists with preparation of bond applications, tax credit applications, and other financing or soft funds packages that are needed to secure funding for projects.
- Oversees and coordinates post-closing activities, including state agency reporting, 8609 applications, permanent financing conversions, equity installments, and refinances. Actively engage with stakeholders to coordinate the necessary due diligence for each value event, ensuring compliance with all requirements.
- Orders third-party reports throughout various phases of a project including, but not limited to, Environmental Studies, Property Condition Assessments, Appraisals, Market Studies, Title and Survey, and Zoning Reports.
- Fosters relationships with other departments such as property management, asset management, construction, accounting, and compliance to streamline communication and gather necessary information for lenders and investors.
- Participates in regular conference calls with the development team, lenders, investors, underwriters, attorneys, and other stakeholders to provide updates on the due diligence process.
- Interprets and extracts key information from loan agreements and partnership agreements to understand project timelines and track upcoming value events.
- Maintains organized electronic due diligence files in accordance with existing processes and standards.
- Monitors and updates project management software to ensure timely task completion and accurate reporting.
- Organizational and communication skills are essential.
QUALIFICATIONS:
- 1 year of relevant work experience or a Bachelor’s degree in Real Estate, Business Administration, or a related field
- Experience in the real estate industry, particularly in affordable housing (LIHTC) and transaction processing is highly preferred
- Familiarity with Yardi and Workfront is advantageous but not required
- Ability to communicate clearly with others orally and in writing in English
- Excellent verbal, written and interpersonal communication skills
- Proficient in Microsoft Office Suite, including Word, Excel, Access, and PowerPoint
About Us: Dominium is a purpose-driven leader in affordable housing. We operate in approximately 20 states, supported by a team of over 1,300 dedicated employees. For more than 50 years, we have delivered excellence in the development and management of affordable housing communities across the United States. Dominium’s values – EDGE: Entrepreneurial Innovation, Developing People, Growth Mindset and Execution – guide us in fulfilling our Purpose: to provide quality, affordable housing that builds Enduring Value for our residents, employees, communities and financial partners. We believe housing provides dignity, and our work has a positive, lasting impact on the lives of individuals and families – often for generations. Our properties last for decades, leaving a lasting impact in the communities where they are located.
We offer a competitive salary, an incentive bonus program, training and development programs, career growth and community volunteer and outreach programs. We also provide a comprehensive benefits package for eligible employees, including Basic Life and AD&D; Employee, Spouse and Child Supplemental Life and AD&D; and Short and Long-Term Disability insurance. We also offer Medical, Dental and Vision coverage, with optional Health Savings Accounts, as well as Medical and Dependent Care Flexible Spending Accounts. We offer Voluntary Benefits (Accident, Critical Illness, Whole Life) and an Employee Assistance Program. Additionally, you have access to a 401(K) plan, Health and Financial Wellness Programs, Paid Time Off including Paid Holidays and Floating Holidays, Paid Parental Leave, Education Reimbursement, Employee Recognition and the Dominium Employee Emergency Fund.
Dominium is committed to providing equal employment opportunities to qualified applicants and employees. Dominium prohibits employment discrimination on race, color, creed, religion, national origin, citizenship, sex (including sexual orientation and gender identity), pregnancy, marital status, familial status, status with regard to public assistance, disability, membership or activity in local commission, veteran status, military status, age, genetic information, union membership, use of lawful consumable products, or any other category protected by applicable state or federal law.
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