Director of Housing Development - Foster City, United States - MidPen Housing Corporation

MidPen Housing Corporation

Verified Company

Foster City, United States

3 weeks ago

Posted by:

Mark Lane

beBee recruiter

Description

WHY MIDPEN
At MidPen, we build communities that change lives.

Since 1970, we have been committed to our mission:

to provide safe, affordable housing of high quality to those in need; establish stability and opportunity in the lives of residents; and foster diverse communities that allow people from all ethnic, social, and economic backgrounds to live in dignity, harmony, and mutual respect.

We develop affordable housing, provide professional property management for all our communities, and coordinate robust onsite support programs that help residents thrive.

We are active in 12 Northern California counties and have earned recognition as one of the nation's leading non-profit developers and stewards of affordable housing.

Our current portfolio of more than 130 properties is home to 20,000 working families, seniors, and people with special needs.

We take pride in delivering affordable housing solutions, and we invite you to join us on a journey toward social, economic, and racial equity.

BENEFITS AND COMPENSATION

In 2023, MidPen was again certified as an official Great Place to Work, and for good reason In addition, we offer a best-in-class benefit package that includes healthcare options (Kaiser or Sutter), dental, vision, life & disability insurance.

We also offer a wide range of voluntary benefits; 403(b) retirement investment opportunity and annual financial literacy and retirement planning options, FSA for childcare, medical and commuter benefit options, Employee Assistance program and pet insurance for our furry, feathered, and scaled friends.

In addition to 14 paid company holidays, which include a paid winter holiday break between Christmas and the New Year, we offer 4 paid wellness days for employees to disconnect and recharge.

As a learning organization, we encourage professional development and career advancement, and we offer up to $3,000 annually ($12,000 lifetime maximum) for education assistance with tuition reimbursement and/or loan debt relief that includes qualified family members.

And, as a family-friendly company, we offer a paid time off parental leave benefit of 12 weeks in a 12-month period for new or expecting parents.

Check out our benefits snapshot on our careers page.

PAY RANGE
$180,000 - $220,000 Annual Salary - _Pay based on applicable experience and qualifications _

POSITION OVERVIEW

The Director of Housing Development is responsible for managing a team of Real Estate Development personnel including Associate Directors, Senior Project Managers, Project Managers, Associate Project Managers and/or Project Associates.

The team is responsible for executing, under the guidance of the Director of Housing Development, all aspects of the development process for new construction and/or acquisition/rehabilitation projects, ensuring a financially and operationally viable development in a timely and cost-efficient manner.

The Director of Housing Development is responsible for training and mentoring members of the Development Team.

This is a hybrid position, based on current MidPen policy of working Tuesdays and Thursdays in the office.

Office Locations:
(Coastal, East Bay, Union City, Foster City, North Bay)

ESSENTIAL DUTIES

Lead a Development Team through the development process as outlined below providing strategic advice, training and guidance as appropriate to minimize MidPen's risk, ensure adherence to MidPen standards, and fulfillment of MidPen's mission.

Site Identification & Acquisition

Together with the Vice President of Business Development, the Director of Housing Development will:

Identify sites for potential housing developments
Lead site acquisition negotiations with property owners
Prepare Letters of Intent to property owners
Negotiate site acquisition documents
Provide support and overall guidance during the land acquisition process to ensure compliance with contractual obligations and schedule

Project Conceptualization & Feasibility Analysis

Assist and support staff in completion of site feasibility analysis including risk review of potential transactions
Review due diligence reports for potential sites and assist team in identifying potential areas of exposure for MidPen that require mitigation or renegotiation
Working with the Project Manager, review, refine and modify as necessary conceptual financial analysis for potential sites
Working with the Project Manager, review refine and modify as necessary the project's critical path schedule ensuring key project milestones can be achieved

Project Financing

Together with the Senior Vice President of Housing Finance:

Support Project Manager in closing the financing for the development, including taking the lead in negotiations with lenders and investors on critical issues, as necessary and appropriate
Ensure clear documentation of loan and partnership terms for file and for approval via MidPen's Term Sheet process
Ensure proforma that accurately reflect