Affordable Housing Development
Senior Acquisitions & Development Manager
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Location: Greater Washington, D.C. Area
Our Client
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Rapidly growing – East Coast team is active in 7+ states
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Lean team that has acquired over 2k units in ~5 years
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Well-capitalized organization, providing the ability to close deals quickly and in any economic environment
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$1B in Affordable Housing assets
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Reputation for promoting from within and rewarding top performers
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Upbeat, high-performing team with a forward-thinking culture
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Entrepreneurial and collaborative environment
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The Opportunity
This is one of the first key hires in a satellite office for a national Developer with an excellent reputation. This company’s entrepreneurial structure and plans for future expansion offer ample room for growth and professional development opportunities. Exercise autonomy in supporting acquisitions and owning your projects. Overcome development challenges as you see fit, with the support of a lean team on the East Coast as well as additional support on the West Coast.
You'll drive the development process, have ownership of your deals, and collaborate with a strong team:
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Support the Vice President of East Coast operations in all aspects of Affordable Housing and LIHTC acquisition, rehabilitation and development in core markets across the US
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Acquisitions efforts including sourcing and analyzing potential acq. rehab projects for the firm (East Coast network of contacts/potential deals is helpful)
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Research and develop financing sources, prepare financing applications and meet other lender requirements
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Prepare and update project proformas and complete project funding applications to local, state, and federal agencies and ultimately close the financing with all such agencies
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Coordinate and manage third party contacts and vendor teams
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Manage and advise the construction team to ensure timely completion of a financially feasible and operationally viable project
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Prepare and monitor project budgets, cash flow projections, and project schedules including monitoring contract compliance throughout the development process
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Perform site inspections; coordinate with Accounting on tax returns and audits and collaborate with Asset Management to establish and ensure long-term quality
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Initiate and maintain professional relationships with outside entities and stakeholders
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Strategize and coordinate with other departments to make certain programmatic issues regarding development and operations are addressed
Required Education & Experience:
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Primary job responsibilities will be to coordinate, implement, and manage activities related to Affordable Housing Development throughout the United States
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Minimum of a Bachelor’s degree and 5 years of on-the-job experience in Real Estate Development with an emphasis in multifamily housing and Affordable Housing Development Project Management
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Or a Master’s degree in Real Estate: City and Regional Planning, Business, Finance, Public Policy, Architecture or a related field + 2 years of experience in Affordable Housing
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Experience as a Project Manager with LIHTC is preferred
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Skilled in MS Office suite
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Strong awareness and attention to detail as assigned tasks are critical to the long-term success of the organization
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High degree of independence, motivation, and accountability
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Exposure to private and public debt financing and equity typical of Affordable Housing Development
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Able to work with time sensitive material and meet multiple deadlines
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Exceptional organizational, analytical, and written and verbal communication skills and a high capacity to multitask
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Excellent interpersonal skills and the ability to work cohesively with a team