Director of Development - Real Estate

Job Description

Job 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
• Build and maintain positive and effective relationships with external partners
• As an in-house development expert, maintain a working knowledge of significant developments and trends in the field
• Work with the VP Real Estate to report to the CEO, Board of Directors, and RE Development Committee, on the progress of development projects and to secure approval of new projects
• With the support of VP Real Estate, establish relevant departmental policies and procedures that promote high-quality products and an effective work environment
• Serve as an articulate, visible and effective spokesperson for the organization and its projects

Qualifications:

• 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, conventional residential multifamily loans
• 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 

Other Knowledge, Skills and Abilities: 

• Excellent organizational skills and ability to manage multiple tasks
• Ability to manage conflicting priorities is essential to the success of the position
• Ability to establish and maintain effective working relationships at all levels of the organization; critical strategic partner for VP of RE
• Demonstrated relationship management experience and proficiency
• Ability to effectively represent RMC interests with multiple audiences, exercises independent judgement and discretion
• Ability to read and write reports, policies, and procedures as well as produce reports and presentations to the target audience
• Knowledge of Fair Housing rules and regulations
• Expertise in at least one of real estate financing, project management, and construction preferrable, working knowledge of principals of asset management

Physical Demands:  The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of the job. "This job description outlines the essential functions of the position. We are committed to providing reasonable accommodations to qualified individuals with disabilities, in accordance with the Americans with Disabilities Act (ADA), unless doing so would create an undue hardship for the company."  

While performing the job, this position typically spends time sitting, standing, climbing stairs, walking, driving, carrying (15lbs), and lifting (15lbs). Operating a computer keyboard, firm/strong grasping, and repetitive hand control. Makes and receives telephone calls. Use of general office equipment copier, fax machine and basic office equipment. Subjected to outside environmental conditions.

Rocky Mountain Communities is an equal opportunity employer that is committed to diversity, equity, and inclusion in the workplace. We prohibit discrimination and harassment of any kind based on race, color, sex, religion, sexual orientation, national origin, disability, genetic information, pregnancy, or any other protected characteristic as outlined by federal, state, or local laws.