- Will manage project teams to complete the feasibility, financing, acquisition, construction and close out of affordable housing developments.
- This position also provides consultation and technical assistance to internal and external clients
- Responsible for hiring and supervising any independent contractors providing development work including architecture, contractor, attorney, site consultants and specialized work such as construction management or economic modeling.
- At any given time, the Senior Housing Developer is responsible for up to three (3) projects in various stages of development.
- Prepare and present ideas to agency staff and leadership for consideration in a consensus-oriented environment.
- Create and cultivate a positive, team-oriented work environment.
- Review public housing policies and review impact on agencies mission and strategy.
- Assist Housing Developers with problem-solving and provide oversight as needed.
- Manage housing developers and housing development assistants in the performance of their duties.
- Lead project teams that include development assistant, accountant and construction manager.
- Provide other support and supervision to work of development team, as needed.
Serving Mission through Housing and Health
- Work with Champions/case managers/community leaders to define needs of resident populations.
- Utilize best practices in serving resident populations in building design.
- Collaborate with property managers and service providers to develop 15 year operating and service budgets.
- Consider building life cycle for specific resident populations.
- Mange development and implementation for housing and design specifications in cooperation with Asset Manager to improve property performance and reduce operating expenses.
- Advocate for communities of concern and reducing disproportionality in industry meetings and committees.
Scope and Feasibility Analysis
- Develop project concept including soliciting the appropriate organizational staff for data.
- Create capital budgets, up to $30 million per project, and 15-year operating pro-formas that generate sufficient tax credit basis, appropriate debt service and create positive net operating income to meet project and agency’s objectives.
- Prioritize and carry out complex preliminary due diligence including soft cost research, environmental analysis, specification analysis, market analysis, financial feasibility, and preparation of presentations.
- Complete feasibility analysis; coordinating with internal staff and outside consultants to arrive at recommendations for successful projects.
- Lead land acquisitions, including the preparation of purchase and sale agreements, option agreements, boundary line adjustments, lease agreements and required documentation for other land use approvals.
- Manage survey and title review with attorneys to clear title prior to acquisition.
- Negotiate real estate easements with property seller, neighbors, utility companies and local planning departments.
- Oversee vendor procurement consistent with agency Legal Protocol and public funding requirements.
- Maintain accurate project files and prepares project status reports for the housing development team.
- Represent CCSWW/CHSWW at neighborhood meetings, public meetings, land use hearings, etc.
- Regularly communicate budget, schedule and decision points to Champions, clients and sponsors.
Project and Construction Management
- Manage construction contract/bid process for construction contracts up to $20 million.
- Manage design process with architects including securing all land use and building permits.
- Lead value engineering activities to bring building scope into line with construction market pricing.
- Process and maintain accurate and functional filing system for all construction process documents including draws, change orders, meeting minutes, etc.
- Participate in regular construction meetings; ensure flow of communication throughout construction process.
- Coordinate workflow during construction with the construction project manager.
- Ensure compliance of complex governmental regulations and guidelines such as prevailing wage requirements, Davis-Bacon, Section 3 reporting, HOME, CDBG, LIHTC, etc.
Funding Source Development
- Prepare and coordinate applications for state and federal resources, including housing grants and loans, Low-Income Housing Tax Credits, rental assistance, and/or public services.
- Maintain open and positive relationships with public funders, investors and financial institutions.
- Work with finance and agency leadership to explain and understand loans, contracts and other legal documents related to housing development projects.
- Work with equity investor and lender to communicate current agency financial position, project economics, land use status, project design, and operating model.
- Negotiate project financing structure and terms between agency leadership, public funding sources, construction lender and equity investor’s operating agreement including negotiating the developer fee pay-in schedule, equity contribution installments, representations and warranties, for first right of refusal terms for $10-$30 million transactions.
- Draft board resolutions and Certificates of Action for the Borrowing, Land Acquisition, and Financing consistent with the agency’s legal protocol.
- Identify appropriate funding and subsidy sources for each development project and prepare clear and effective private and public funding applications.
- Facilitate the preparation and completion of appropriate compliance reporting to city, county, state, federal and private funding partners.
- Work with operations staff to transition the project from development to occupancy.
- Develop property management plans in cooperation with Asset Manager.