Job Information
Dwelling Place of Grand Rapids NPFH Director of Real Estate Development in Grand Rapids, Michigan
*Job Title: *Real Estate Development Director
*Department: *Real Estate Development
*Reports To: *Chief Real Estate Development Officer
*FLSA Status: *Exempt
*Approved By: *Chief Operations Officer
*Approved Date: *February 23, 2024
*Summary *Directs the real estate development activities of Dwelling Place ("DP"), including supervision of the real estate development, construction management, and community land trust staff.
*Essential Duties and Responsibilities *include the following. Other duties may be assigned.
- Identifies and evaluates potential real estate developments that are in strong alignment with the mission and strategic plans of Dwelling Place. Underwrites and presents potential developments for approval by DP officers.
- Coordinates real estate due diligence activities, including, but not limited to, preparing necessary reports and memoranda. Facilitates feasibility studies, capital needs assessments, environmental reviews, zoning approvals, market studies, and the selection process for architects and contractors.
- Negotiates with municipal, neighborhood, business, utility, and other community representatives to address barriers to the purchase, development, sale, or lease of property. Attend and speak at public meetings to obtain necessary approvals and to understand the concerns of the community.
- Coordinates with DP Community Building and Engagement department to engage with local residents and stakeholders affected by development activities. Understands, communicates, and resolves concerns of the community.
- Prepares applications for project financing, including conventional loans, investor tax credits, philanthropic grants, and various public financing options.
- Prepares and coordinates project financial models. Review models that are prepared by other staff members.
- Coordinates project monitoring and communications with staff, residents, and funders until the development has reached stabilized occupancy.
- Facilitates completion of all required interim and final construction and development-related reports for funders and regulatory bodies.
- Ensures compliance with all Federal, state, and local statutes and other grant agreements related to financing and grant agreements.
- Participates in developing and implementing DP policies related to real estate development.
*Supervisory Responsibilities *Supervises Multifamily Development and Single-Family Development (CLT). Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws. Responsibilities include interviewing, hiring, and training staff; planning, assigning, and directing work; appraising performance; rewarding and disciplining staff; addressing complaints and resolving problems.
*Qualifications *To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.
*Education *Bachelor's degree in a relevant subject (Master's Preferred), such as Real Estate Development, Urban Planning, or Business Administration. Educational qualifications may be waived depending on work history/experience.
Experience and Understanding Five or more years of related experience and/or training in affordable housing. A minimum of 5 years in a senior leadership position is required. Experience in developing budgets and business plans. In-depth knowledge of real estate finance, project management, and affordable housing regulati