What are the responsibilities and job description for the Director of Real Estate Development - National Housing Trust position at Sate Housing Finance Agencies (HFAs)?
Location : Washington, District of Columbia (Hybrid)
ORGANIZATIONAL BACKGROUND
National Housing Trust (NHT) has been dedicated to creating and preserving affordable housing for almost 40 years. Our mission is to create and preserve affordable homes to provide opportunity, advance racial equity, reduce economic disparities, and strengthen community resilience through our integrated policy-plus-practice approach. We build, preserve, and finance affordable housing and use that expertise to inform and advance resident-focused solutions to strengthen the broader affordable housing industry.
NHT has a staff of 60 across five program areas : Policy, Lending, Real Estate Development, Community Outreach and Impact, and Energy Solutions. Our hallmark is our cross-functional, integrated approach to innovating, demonstrating, and amplifying solutions to the affordable housing crisis in the U.S.
ABOUT REAL ESTATE DEVELOPMENT
Our Real Estate Development team, operating under our NHT Communities business line, develops and preserves housing that is healthy, safe and affordable for all people. Since 1999, NHT Communities has participated in the preservation and development of more than 10,000 affordable units nationwide. Today, we have an ownership interest in over 3,500 units in 30 properties in 12 states and the District of Columbia. Our current development pipeline includes 449 units under construction and over 900 units in closing prep, underwriting and due diligence. While we focus our development activity in the Mid-Atlantic region, the footprint of our real estate portfolio extends from Connecticut to Georgia and as far west as Chicago.
POSITION
The Director of Real Estate Development reports to the Senior Director of Real Estate Development – Team Lead and collaborates with NHT staff members, including Finance and Accounting, Asset Management, Sustainability, Community Programs, Lending, and Policy.
The Director of Real Estate Development is responsible for identifying, evaluating, and managing development opportunities for NHT Communities. This individual directs the overall development process from initial conception through closing, construction, and stabilized occupancy for each project. Key responsibilities include :
- Identifying development opportunities
- Securing site control
- Developing financing and renovation plans
- Managing third-party professionals during the due diligence process
- Meeting with community representatives
- Applying for and securing financing
- Directing the closing process
- Overseeing third parties to monitor construction
- Other close-out responsibilities
We seek a mission-driven professional with a passion for affordable housing to join our highly productive development team. Individuals with affordable housing development experience in Maryland and Pennsylvania are highly encouraged to apply. This position is DC-based and qualifies for a hybrid work schedule.
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