Director of Development - Real Estate
- Compensation
- $140K–$150K
- Location
- Denver, CO, US
- Work setup
- Not specified
- Seniority
- C level
- Employment
- Not specified
- Experience
- Not specified
- Category
- Not specified
- Posted
Must have
- Technically proficient in all aspects of affordable housing real estate development, including finance, entitlement and design, construction, lease-up and operations
- Direct experience in the fields of affordable housing development, affordable housing finance, including the Low Income Housing Tax Credit (LIHTC), public activity bonds, tax-exempt financing, convent
- Local programs knowledge/expertise through the Colorado Department of Local Affairs (DOLA) and City-specific programs in Denver and other Front Range communities highly preferred
- Knowledge of federal funding/financing including HUD financing and operating support, CDBG, and HOME programs
- Able to analyze complex data, perform sophisticated analysis, and make appropriate recommendations and decisions
- Excellent interpersonal skills and team-building spirit
- An entrepreneurial and creative approach to problem-solving
- Resilient, versatile and flexible
- Commitment to the mission of providing affordable homes and supportive services to our state’s most vulnerable populations
- Well-organized and detail-oriented, with excellent analytical skills
- Proficient in sophisticated real estate finance analysis using Excel, project management software, and word processing software
- Demonstrated success as an effective people manager; proficiency in motivating, inspiring, and coaching junior development staff
- Good presentation skills- excellent oral and written communication skills
- A minimum of seven years’ experience in housing development, business, finance, urban planning or a related field, preferably for a non-profit, government agency or private financial institution
Full description
Job Title: Director of Development – Real Estate
Reports To: Vice President of Real Estate
Salary: $140,000 - $150,000
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Company Overview: Founded in 1992, Rocky Mountain Communities is a Denver-based nonprofit organization that owns, manages, and develops affordable housing across the state of Colorado. The organization’s mission is to build brighter futures by investing in resident-focused affordable housing and services that empower our resident individuals and families to thrive. At Rocky Mountain Communities, we believe that offering supportive and life-enhancing services is at the root of our communities.
Position Summary: The Real Estate Development (RED) Director performs a range of duties managing the development and construction process from sourcing thru lease-up of RMC affordable housing projects. The RED Director serves as the chief “point-of-contact” for all involved in the financing, development, and construction of RMC projects, including consultants, and has partial oversight of RMC Associate Project Manager. The RED Director must demonstrate a capacity and track record of managing complex projects with minimal oversight; they will report to RMC’s VP of Real Estate, who will be responsible for helping to establish strategic direction and prioritization of future development activity along with RED Director and other RMC leadership.
Primary Responsibilities:
- Provide direct oversight of affordable housing developments, including but not limited to: site control, planning and design work, entitlements, predevelopment and development financing, construction, and lease-up, all while adhering to project timelines, tracking and reporting on project progress, and building and sustaining internal and external relationships
- Build community support and coordinate with various internal and external stakeholder groups
- Supervise architects, contractors, consultants, and other development team members
- Ensure projects delivered on time and within budget
- Assist the VP Real Estate in identifying acquisition opportunities, including defining each project’s services program; developing acquisition and funding options; and evaluating overall project feasibility
- Oversee the negotiation of all major agreements and financing documents, including limited partnership agreements, loan documents, construction contracts, architectural agreements, and property management agreements
- Work closely and effectively with VP Real Estate to create plans and agreements, define each project’s target population and unit mix, and incorporate design recommendations
- Support junior real estate development staff to be effective and technically excellent