Sr. Director of Real Estate Development

Job Description

Job Description

Summary : Responsible for leading CASA's real estate development activity. Initiates and oversees the visioning, partnership development, financing, planning and execution of new construction projects, acquisition and rehab projects, and portfolio dispositions by performing the following duties.

Duties and Responsibilities include the following. Other duties may be assigned.

• Initiates and evaluates new development opportunities, including analyzing potential project sites and negotiating acquisitions.​​​​​
• Negotiates and secures financing for acquisition and new construction, analyzing funding options such as Low Income Housing Tax Credits (LIHTC), federal, state and local government funding opportunities, bank financing, and private foundation grants.
• Advocates for public funding.
• Prepares forward-looking financial projections for real estate portfolio and makes recommendations for retention or disposition of existing assets.
• Oversees and ensures timely and accurate completion of the full range of tasks related to the planning, implementation, and development of affordable housing projects.
• Creates and implements development and financing plans, schedules and proformas, and continuously analyzes and reconciles budgets and schedules as development progresses.
• Reviews all legal documents required for asset acquisitions and dispositions, and comprehends and complies with federal, state and local regulations, and program compliance.
• Initiates, plans, and oversees procurement process for selecting consultants and contractors and oversees work of consultants, contractors and, vendors.
• Monitors progress of projects under development for cash requirements, budget variances, and completion status.
• Communicates and coordinates with Property Management Department staff to ensure funding compliance requirements are met.
• Acts as a representative for CASA before public agencies and community organizations, takes a leadership role in CASA's advocacy activity, and participates in community engagement and policy creation affecting affordable housing.
• Serves as part of Senior Management Team supporting CASA management and Board in decision making and strategic planning.
• Aligns and monitors goals of the real estate development team with goals of CASA's strategic plan.
• Supports chief financial officer, chief executive officer, and chief operating officer as needed.

Supervisory Responsibilities :

Directly supervises one employee in the Real Estate Development Department. Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws. Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.

Qualifications :

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and / or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Language Ability :

Ability to read, analyze, and interpret the most complex documents. Ability to respond effectively to the most sensitive inquiries or complaints. Ability to write speeches and articles using original or innovative techniques or style. Ability to make effective and persuasive speeches and presentations on controversial or complex topics to top management, public groups, and / or boards of directors.

Math Ability :

Ability to work with mathematical concepts such as probability and statistical inference, and fundamentals of plane and solid geometry and trigonometry. Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations.

Reasoning Ability :

Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.

Computer Skills :

To perform this job successfully, an individual should have knowledge of Microsoft Word, Microsoft Excel, and Property Management.

Education / Experience :

Bachelor's degree (B.A. / B.S.) from four-year college or university; and four to six years related experience and / or training; or equivalent combination of education and experience.

Certificates and Licenses :

Knowledge, Skills and Other Abilities :

Physical Demands :

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. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to stand, walk, sit, use hands, reach with hands and arms, and talk or hear. The employee is occasionally required to climb or balance, and stoop, kneel, crouch or crawl. The employee must frequently lift and / or move up to 10 pounds.

Work Environment :

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is occasionally exposed to outdoor weather conditions.

The noise level in the work environment is usually moderate.