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Form of workJob Description
Real Estate Development Coordinator
Responsible To:Executive Director
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, and 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 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 attending individual and community meetings.
- Determine funding opportunities ,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, and 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.
- Assess major building and grounds-related concerns with Rush Homes’ owned and managed properties.
- 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 invoices and pay applications, resolve issues, if any, and approve payments.
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 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)
- 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.
- Driver’s license, good driving record
- Compassionate, positive, self-motivated, organized, problem solver, with a willingness to learn and participate as part of a team
