What are the responsibilities and job description for the Real Estate Development Analyst position at Company Confidential?
At Hispanic Housing our vision is to provide affordable housing that people are proud to call home. In creating quality housing, a safe and stable environment, and by providing superior customer service, we help create part of the foundation that enables people to make a better life for themselves, their families, their neighbors, and communities.
A Chicago-based non-for-profit Company is seeking an experienced Real Estate Development Analyst to help us carry out our vision. The Real Estate Development Analyst is responsible for evaluating the real estate market, research, and monitoring market conditions and trends pertinent for making sound investment decisions and focus on providing asset management and consulting services to stakeholders in affordable housing. As an Analyst, you will report to the Vice President of Real Estate Development and Vice President of Acquisitions and Asset Management and can work as part of a cross-functional team to analyze and evaluate affordable housing properties, portfolios, transactions, and organizations. A real estate analyst helps the organization with inputs on financials, acquisitions and dispositions, market data, pricing, and leasing for certain properties.
ESSENTIAL JOB FUNCTIONS include the following. Other duties may be assigned.
Assist Senior Management, VP of Real Estate Development and VP of Acquisitions and Asset Management, in all aspects of the affordable housing development process.
- Support all development functions including market analysis, site selection, financial analysis, lender and investor due diligence, architectural and engineering design, entitlements, construction, on-going monitoring, owner sworn statement and draws. Explore refinancing options and complete tax credit applications.
- Assist in the creation and maintenance of detailed financial models.
- Analyze multifamily developments utilizing Low-Income Housing Tax Credits LIHTC and other affordable housing programs to determine project feasibility.
- Track project timelines and schedules.
- Assist in land acquisition, including preparation of LOI’s and purchase contracts with legal counsel, gathering of due diligence materials and tracking of contract timelines.
- Assist in securing the financial resources necessary to undertake various transactions, including preparing applications for tax credits, soft funding resources, and responses to Requests for Qualifications/Proposals.
- Assist in the financial closing with lenders and investors by gathering, reviewing and creating necessary due diligence items.
- Assist in the preparation of materials necessary for municipal and neighborhood meetings.
- Other duties as assigned.
MINIMUM QUALIFICATIONS
Bachelor’s Degree in a related field (Real Estate, Finance, or Design Disciplines such as Architecture or Urban Planning) required; advanced degree preferred.
- Must have a minimum of 3-5 years of demonstrated real estate experience with a comprehensive understanding of contractual, entitlement, development, and construction of multifamily housing. Development of senior housing is a plus.
- Must have experience in Affordable housing.
- Related experience or demonstrated interest in mission-driven real estate development, affordable housing, and/or community economic development.
- Strong critical thinking and analytical skills.
- Demonstrated ability to work independently, creatively, and accurately in a fast-paced environment with multiple projects and stringent deadlines.
- Strong quantitative, financial analysis, and Excel modeling skills are required.
- Strong understanding of financing both Conventional, HUD, and Tax Credit including financing guidelines and processes, how to manage limited equity availability, and understand how to evaluate sites quickly.
- Experience analyzing relevant qualitative datasets including but not limited to survey responses, zoning codes, or other local government ordinances.
- Demonstrated experience distilling, translating, and communicating complex analyses into key findings for specific audiences.
- Must have excellent analytical skills, be detail-oriented, have good business sense, and be able to work on numerous projects concurrently and prioritize workload independently.
- Excellent communication, collaboration and presentation skills are required.
- Strong understanding of financing both Conventional, HUD, and Tax Credit including financing guidelines and processes, how to manage limited equity availability, and understand how to evaluate sites quickly.
- Valid Driver’s License, vehicle, insurance, and good driving record.
The compensation package includes salary based on experience and excellent benefits including health, vision, dental and life insurance, paid vacation and more.
Job Type: Full-time
Pay: $76,827.00 - $85,531.00 per year
Benefits:
- 401(k)
- Dental insurance
- Employee assistance program
- Flexible spending account
- Health insurance
- Health savings account
- Life insurance
- Paid time off
- Tuition reimbursement
- Vision insurance
Schedule:
- 8 hour shift
- Monday to Friday
Ability to Relocate:
- Chicago, IL 60654: Relocate before starting work (Required)
Work Location: In person
Salary : $76,827 - $85,531
