Director of Development

Position Title: Director of Development
FLSA Status: Non-Exempt
Reports To: Executive Director
Department/Level: Administrative
Starting Salary as of: $___
Last Updated: 3/7/2025

Position Overview:
Under the direction of the Executive Director, the Director of Development serves as the real estate development lead for the Authority and is responsible for the structuring and oversight of development projects, including planning, directing, managing, and implementing housing development goals, objectives, policies, and priorities. The incumbent is responsible for negotiating capitalization and finance of units both for new development and for rehabilitation. Director of Development will also conceptualize and implement complex real estate development projects or initiatives and ensure such projects are administered and completed according to established guidelines. This role also includes responsibilities related to the merging and/or the acquisition of other public housing authorities or other housing developments.

Duties and Responsibilities:

• Submit financing applications for the rehabilitation of the Authority’s existing Low-Income Public Housing properties, including those (but not limited to) for 4% and 9% Low-Income Housing Tax Credits, Community Development Block Grants, HOME Investment Partnership Program, and HUD’s Rental Assistance Demonstration Program (RAD).
• Develop a property feasibility analysis for proposed projects.
• Responsible for real estate development projects from inception to completion.
• Secure permanent financing for projects such as FHA loans, conventional mortgages, and construction loans.
• Review all proposals from investors and lenders to ensure project financing is structured in the best interest of the Authority/Agency/Entity.
• Conduct all required due diligence associated with real estate transactions.
• Work with representatives from financial institutions, investors, and government agencies to ensure timely closings of real estate transactions.
• Oversee the Authority’s conversion from HUD’s Low-Income Public Housing properties to HUD’s RAD program or Section 18.
• Collaborate with the Authority’s legal, architectural, financial, and accounting firms throughout real estate transactions.
• Ensure compliance with investors, HUD, and other government agency reporting requirements and regulations.
• Attend Owner Architect and Contractor (OAC) meetings for properties under construction to ensure projects remain on time and on budget.
• Create marketing and management plans for projects.
• Identify new real estate development opportunities and financing options.
• Oversee monthly draw payment applications for projects.
• Work with the Occupancy Department and Asset Management on lease-up efforts and tenant eligibility to ensure timely delivery of tax credits.
• Represent the Authority when meeting with outside agencies for funding opportunities. Serve on procurement evaluation committees.
• Perform routine supervisory duties, including performance evaluation and maintaining discipline.
• Perform all duties in accordance with Authority policies.
• Lead efforts in merging and acquiring other public housing authorities, including conducting due diligence, negotiating terms, and integrating operations.
• Develop and implement strategies for the successful merger and acquisition of other public housing authorities to expand the Authority’s portfolio and enhance service delivery.

Other Duties and Responsibilities:

• Comply with applicable job-related local, state, and federal regulations.
• Ensure safety while performing all facets of the job and observe all Housing Authority safety procedures, as well as all local, state, and federal safety laws and regulations.
• Promote positive customer relations.
• Perform other duties as assigned.

Qualifications and Behavioral Competencies:

• Extensive knowledge of applicable national, state, and local rules, regulations, statutes, policies, and procedures regarding Low-Income Housing, or other housing types as determined by the department at the time of job posting.
• Extensive knowledge of operating policies and procedures of the Housing Authority Low-Income Public Housing/Section 8 programs, Low-Income Housing Tax Credit program, USDA Rural Development Affordable Housing and HUD’s Rental Assistance Demonstration program.
• Extensive knowledge of all facets of affordable housing development procedures and requirements.
• Familiarity with appraisals, Property Needs Assessments, market studies, and Phase I Environmental reports.
• Organizational and problem-solving skills.
• Demonstrate computer literacy, including knowledge of Word, Excel, Adobe Acrobat, PowerPoint, and related applications.
• Ability to organize and structure financing applications.
• Ability to meet deadlines.
• Ability to oversee multiple development projects at one time.
• Ability to perform accurate mathematical functions.
• Ability to write and proofread materials for accuracy.
• Ability to multi-task and prioritize responsibilities.
• Ability to communicate and interact appropriately with the general public, applicants, residents, and staff.
• Ability to follow verbal and written instructions.
• Ability to work effectively with others and work independently.
• Analytical skills and problem-solving ability.
• Customer relations skills.
• Demonstrate attention to detail.
• Demonstrate punctuality and reliability.
• Ability to produce clear, accurate, and timely reports.

Education, Experience, and/or Certification:

• Bachelor’s degree (BA) or equivalent degree in real estate, finance, economics, or public or business administration or in a related field of study from a four-year accredited college or university.
• Minimum of ten (10) years of supervisory experience in functional areas of affordable housing development.
• Preferred background working with the Department of Housing and Urban Development and/or USDA on real estate transactions.

Work Environment:

• The position requires the availability to work outside of the established housing authority working hours.
• Work environment consists substantially of indoor office activities performed in a heated/air-conditioned setting.
• Occasional travel to various work locations in all weather conditions.
• Position requires the need to walk, sit, and/or stand for extended periods of time. Requires stooping, bending, crouching, and/or reaching for files or tools.
• May lift, carry, and/or push up to 20 pounds.
• Appointees will be required to possess a valid driver’s license and be insurable according to agency guidelines.

Benefits:

• 401(k) Matching
• Health Insurance
• Dental Insurance
• Vision Insurance
• Paid Time Off

Job Type: Full-time

Benefits:

• 401(k) matching
• Dental insurance
• Health insurance
• Paid time off
• Vision insurance

Schedule:

• Monday to Friday

Work Location: In person