REAL ESTATE DEVELOPMENT SENIOR DEVELOPMENT MANAGER
Full time @Northern Real Estate Urban Ventures, LLC (NREUV) posted 1 week ago Shortlist Email JobJob Detail
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Job ID 729
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Qualifications BA/BS
Job Description
We are a full-service real estate development company that is a leading provider of real estate finance and development services for affordable housing, single-family homes, and retail and commercial facilities in the Washington, DC, metropolitan area. NREUV is currently engaged in projects in Ohio, Maryland, and Washington, DC.
GENERAL RESPONSIBILITIES
The Senior Development Project Manager is responsible for the financing, approvals, and design of infrastructure, townhouses, condominiums, and affordable housing developments and mixed-use community development projects. Senior Development Managers must provide high-quality development management, manage the financial objectives of the project, and meet project objectives. In addition, Senior Development Managers are accountable for developing and fostering effective relationships internally and externally, including all third parties (e.g., consultants, public funders and private lenders/equity providers, community organizations, architects, construction managers, government liaisons, etc.)
REAL ESTATE PROJECT MANAGEMENT
Responsible for managing the predevelopment activities and project financing tasks of development project including affordable housing tax credit projects and other multifamily and mixed-use development projects.
- Negotiate letters of intent (LOI) and Purchase and Sale Agreements (PSA) for purchase with Property sellers;
- Structure and close complex mixed-finance deals with multiple lenders, including managing due diligence process;
- Prepare Tax Credit, HUD and other financing applications;
- Develop feasible program and structure financing to ensure projects are approved, sustainable, underwriteable in the current LIHTC and lending environment, and can be financed without conflicts by and wit all sources;
- Apply significant knowledge of LIHTC regulations and industry standards to proposals, applications, and closings, including legal and project document review, and day-to-day decisions;
- Manage design process to ensure compliance/waiver/approval by City, State and Federal agencies, financing sustainability, and design standards;
- Manage construction bidding/pricing process for inclusion in the final project budget required for all closings;
- Review legal documents for structuring, risk management, and tax issues;
- Facilitate community and public agency support and approvals of master plan changes as will be required to adjust to the market, including zoning, permitting, and financing requirements;
- Analyze funding and development legislation, regulations, policies, and market, environments to determine applicability to projects and compatibility with other programs.
BUSINESS DEVELOPMENT
Responsible for successful coordination, completion and submittal of all Requests for Proposals. Prepare request for proposals including, but not limited to:
- Coordinate with all team members and review submission for accuracy and completeness;
- Prepare RFP template;
- Write, edit and revise all documents as needed;
- Deliver to appropriate agency;
- Review all of Principal’s work for accuracy and completeness;
- Attend business development meetings as required.
PROJECT DEVELOPMENT
Prepare Development Plans including, but not limited to:
- Preparation of Project Schedule;
- Preparation of Project Proforma;
- Preparation of Project Description;
- Preparation of Market Analysis;
- Preparation of Construction Budgets;
- Manage and provide research and documentation in the delivery of project development plans;
- Perform site visits;
- Perform development feasibility studies, including taking photographs, creating written project documents, producing proformas and analyzing sites for potential development opportunities.
REAL ESTATE ADVISORY SERVICES
- Prepare research, client work product, project plans, project guidelines, community benefit plans, project-based analyses in excel or word formats;
- Responsible for analyzing and synthesizing data related to project studies;
- Responsible for successful coordination, completion and submission of financing applications;
- Review all of Principal’s work for accuracy and completeness.
PROJECT IMPLEMENTATION
Deliver project, development and construction management services to the Company’s clients, this includes but is not limited to:
- Attending project meetings;
- Delivering Client work product;
- Obtaining Building Permits and other entitlements;
- Performing building walk-thrus;
- Preparation of project underwriting binders;
- Perform design management;
- Provide construction management oversight during construction process;
- Assist in the project-based accounting process – including preparing project draws. Review all of Principal’s work for accuracy and completeness.
Education & Experience
Bachelor’s Degree in Business or Finance Preferred
Requires a minimum of 5-7 years’ experience with affordable housing development projects and other multifamily and mixed-use development projects and skills in the following:
- Running project financial models;
- Knowledgeable in all facets of the development process, including permitting, contractor selection and construction implementation, establishing project budgets, and financial analysis;
- Proven track record securing and closing financing for affordable housing and public infrastructure development in the role of owner/developer;
- Expert in tax credit and public housing development and HUD regulations.
Review all of Principal’s work for accuracy and completeness. Salary commensurate with experience. Travel Required.Â
