Real Estate Development Specialist 4

Overview We’re seeking an experienced Real Estate Development Specialist to manage complex and high-profile development initiatives for the City. This advanced-level position plans, coordinates, constructs, and implements economic development projects and transactions including sale and management of real property interests, financial analysis, negotiation, deal structuring, and project management. The role focuses on the Community Development Authority (CDA) Redevelopment agency’s real estate portfolio and leads affordable housing redevelopment efforts for CDA properties in coordination with CDA Housing Operations staff. The position requires adherence to federal HUD regulations and interagency coordination with internal and external stakeholders within the Department of Planning & Community & Economic Development (DPCED). The role involves substantial independent judgment across the full range of economic development activities and emphasizes complex and discretionary elements of real estate development, ongoing project management, and leadership of ad-hoc interdepartmental teams. The position reports to the Administrative Services Manager in the Office of Director, with oversight from the CDA Housing Director and CDA Executive Director/PCED Director. Responsibilities Conduct site searches for City Real Estate or CDA Housing Development and Redevelopment projects. Hire through requests for proposals (RFP) developers, architects, and contractors serving on housing development project teams. Manage complex real estate projects and lead housing development project teams. Participate in and/or lead City/CDA staff teams to lead and develop housing projects including planning, financing, construction, and ongoing asset management. Negotiate complex financial packages for housing development projects (e.g., Section 42 tax credits, bank financing). Analyze options and recommend deal structures for housing projects (lease versus own, ground leasing, condominium, levels of affordability). Financial and Project Analysis Oversee and/or prepare reports to determine findings of blight, suitability for development, economic feasibility, zoning and land use conformance, probability of project success, and related information in financial and project analysis. Conduct financial and feasibility analysis of housing and other real estate projects, including those requesting financial support from the City. Provide comprehensive reporting to staff, colleagues, and policymakers regarding findings of financial and project analysis. Property Acquisition and Disposal Negotiate and manage transactions for the acquisition and/or sale of City real estate. Determine and administer the process for acquisition and/or disposal of land banked and surplus property. Coordinate with the City Attorney’s Office as needed to support property transactions. General Track and analyze real estate housing market data and trends. Respond to housing inquiries from the general public and elected officials. Make presentations on housing development projects to committees and community groups. Attend training, develop skills, and remain current on issues impacting housing development. Support special projects to expand and improve affordable housing program delivery in Madison, including grant and program funding applications, HUD property removal applications, and RAD applications. Perform related work as assigned. Qualifications Four (4) years of experience applying: theories, principles, practices, documents, and laws applicable to real estate development; theories, principles, and practices of commercial real estate finance (discounted cash flow, IRR, basic accounting); private and governmental sources of financing and of local, state, and federal programs to encourage affordable housing development (such as Public Housing, RAD, Section 8, HOME, CDBG, and/or Section 42 tax credits) and economic development; real estate market trends and data; and real estate acquisition, leasing, and sale within a governmental context. Two (2) years of experience in governmental agency operations as they relate to real estate development activities; computer software applicable to position responsibilities (Microsoft Word, Excel, PowerPoint); effective project management techniques; familiarity with urban planning, construction, and sustainability principles. Two (2) years of highly responsible, varied, and complex professional experience in economic development, real estate development, or real estate finance comparable to that gained as a Real Estate Development Specialist 3. A bachelor’s degree in Economics, Business, Finance, Urban Planning, Real Estate, or related field is required. Other equivalent combinations of experience, training, and education that demonstrate required knowledge, skills, and abilities will be considered. For a complete list of knowledge, skills, and abilities, please see the class specification. The City of Madison strives to provide exceptional customer service to all residents and visitors; successful candidates should demonstrate the ability to work with multicultural communities. Physical and Scheduling Requirements Ability to meet transportation requirements for this position. The employee may be required to attend meetings and provide presentations outside normal work hours, including evenings and weekends. Physical requirements: work is generally performed in an office environment, with travel to visit city-owned property or property under consideration for acquisition for on-site inspections. #J-18808-Ljbffr Madison,-City-of-