What are the responsibilities and job description for the Real Estate Development Manager position at Africatown Community Land Trust?
Africatown Community Land Trust (ACLT) seeks a Real Estate Development Manager to lead the efforts of ACLT and land acquisition and property development in confidential real estate transactions. The position is responsible for developing and carrying out the annual work plan for new project development requiring legal, finance, site assessment, and land use proficiency.
ABOUT US
Africatown Community Land Trust is working for community ownership of land in the Central District. This can support the cultural and economic thriving of people who are part of the African diaspora in the Greater Seattle area. The Africatown Community Land Trust board is comprised of real estate professionals, business executives, entrepreneurs, business professionals, and long-time community members from the Central District.
MISSION
To acquire, develop, and steward land in Greater Seattle to empower & preserve the
Black Community.
VISION
Vibrant and thriving black communities through land ownership.
ABOUT THE POSITION
This position will support ACLT's Real Estate Development Director in all aspects of the legal, financial, and project management development process, including redevelopment, feasibility analysis, acquisitions, financing, construction, and other development-related activities.
The Real Estate Development Manager serves as part of ACLT's Leadership Team. The successful candidate must work effectively with employees across the organization.
Typical duties may include:
- Oversee front-end development efforts, including solicitations and awards of contracts for third-party consultants related to pre-development site assessments and entitlement review.
- Review documents to secure site control, including Purchase and Sale Agreements, Leases, and Addenda.
- Negotiate in confidential transactions price adjustments and revisions, taking account of site studies, feasibility reports, and unexpected discoveries that impact price and cost of development.
- Maintain communication with the CEO, Real Estate Director, and team members where appropriate during the design, development, and hand-off projects post-construction.
- Serve as an in-house resource to all staff, the CEO, the Board of Directors on board resolutions, legal document review, and new development loan documents, including but not limited to Covenants and Restrictions, Tax Exemptions, UCC Searches, lawsuits, and claims.
- Interface competently with ACLT outside counsel in three significant areas: loan closings, land use disputes, and project documentation.
- Complete other tasks as assigned or needed.
MINIMUM QUALIFICATIONS
- Working knowledge of housing finance resources (i.e., private and public financing, bond financing, tax credits, and joint venture capital)
- Two years of real estate and/or legal experience and basic training in real estate development finance
- Technical experience equal to a bachelor's degree in urban planning or equivalent and/or
- Five years of paralegal work experience in real estate law and public finance
- Comparable experience in law, market-rate housing development, construction project management, housing management, housing policy, and advocacy
- Foundational knowledge of systems of oppression and the historical and unique barriers the Black Community face due to government policies and legislation.
- Experience working with Windows based operating systems computers, including Office 365 (Word, Excel, One Note, Teams, etc.) and the ability to analyze and review project budgets and financial information.
- Exceptional organizational skills, mission-driven, and communication skills (written and verbal)
- Ability to manage competing priorities, meet deadlines and track multiple projects at different stages of completion
- Ability to work collaboratively in a fast-paced environment amidst ambiguity
- Entrepreneurial spirit with a community impact focus
- Two years or more projection management experience
DESIRED QUALIFICATIONS
- Seven years or more of paralegal work experience in real estate law and public finance can substitute for a law degree
- Advanced degree in contract or real estate law, urban planning, business administration, or related discipline
- Project management certification
TO BE CONSIDERED
- Complete an application on ACLT's career website.
- Attach a resume that details your professional and lived experience related to the position and a cover letter detailing: a) how you meet the required experience and b) why you are interested in working at Africatown Community Land Trust. A COVER LETTER MUST BE INCLUDED.
- Attach a one-page max response to the following two supplemental questions:
- What is your understanding of low-income housing tax credits?
- What displacement strategies do you believe are needed to address gentrification in the black community?
Incomplete application material will not be considered.
Salary : $80,000 - $100,000
