- Collaborate with the Senior VP of Development on the visioning and programming of target
- Research and evaluate economic, demographic, and detailed real estate market data
- Manage deal sourcing and underwriting efforts, including assisting in decision-making
- Coordinate and manage due diligence investigations, Conducting market research and
- Research and obtain information regarding all applicable information, policy, procedures and
- Procure and respond to Housing Authority, State Agencies, and local municipalities RFP's
- Review of Multistate Qualified Allocation Plans [QAP] to understand threshold requirements
- Prepare and submit the Pre-Application per the QAP requirements for each state.
- Prepare responses in writing to State Agencies on any Threshold Clarifications for 9% LIHTC
- Attend and assist in preparation of presentation collateral for all Zoning, Variance, Bond
- Assist in preparation of Project Based Voucher, Tax Exempt Bond, LIHTC applications.
- Analyze financial feasibility of new development opportunities including capital budgets,
- Manage and participate in all zoning, entitlement, and permitting activities for the projects in
- Create project entitlement and development timelines as well as spending predevelopment
- Prepare development and operating budgets in coordination with Asset Management and
- Create, manage, and update project budgets, including monthly updates of project cost through
- Tracking and reporting progress of finance activity related to all developments within the
- Coordinate with construction and 3rd party personnel as necessary to meet budget and timing
- Conduct site visits to each assigned project and review thoroughly the work in place against
- Financial analysis, including review of relevant term sheets related to state and federal tax
- Real estate tax evaluations.
- Appraisal review and valuation.
- Assist in preparation of multi-state affordable housing funding application, construction and
- Review of cost certification submissions and 95-5 calculations.
- Review all Plans & Specifications for Code Enforcement, ADA, FHA, and other lender
- Prepare all documents necessary to complete LIHTC State Agency 100% Construction
- Coordinate all LIHTC State Agency documents for closing that include 60-Day Submission
- Coordinate and lead HUD Final Endorsement Closing.
- Continue with ongoing research and identifying new markets for company expansion.
- Attend industry and company conferences, with flexibility for travel as projects, meetings are
- Establish and maintain key relationships within State Agency Housing Finance Divisions.
- Create and maintain Development Department's underwriting model and related
- Other acquisition, construction development-related duties and projects as assigned.
- Minimum 4-5 years' proven experience multi-family real estate development, preferably in
- Experienced in analyzing finance documents such as loan term sheets, financial statements,
- Ability to read and interpret complex documents (loan documents, construction agreements,
- Strong MS Office software skills, including high proficiency in Excel skills.
- Excellent analytical skills.
- Ability to analyze qualitative and quantitative information and translate into strategic
- Demonstrated Pro forma modeling experience in development and / or acquisitions.
- Experienced in creating and presenting projects to investment teams in order to "close the
- Bachelor's Degree in Business, Engineering, Architecture, Urban Planning, Real Estate Development, Construction Management, Economics, Public Policy, or related field preferred; or equivalent some college with housing development work experience.
- High School Diploma/GED equivalent required.
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DEVELOPMENT MANAGER- REAL ESTATE- AFFORDABLE HOUSING-Boston MA - Oklahoma City, United States - Conifer Realty
Description
DEVELOPMENT MANAGER- REAL ESTATE- AFFORDABLE HOUSING-Boston MA, Hybrid and or Remote Position in the North East.About Conifer:
Conifer Realty, LLC is a dynamic, vertically integrated organization that creates and manages high-quality affordable and work-force housing. Conifer is devoted to growth, to innovation and being a best -in -class developer.
Visit Conifer's website to understand our history, mission, and values at link:
OVERVIEW:
The Development Manager will assist the Senior Vice President, Development Operations, Senior
Development Manager and other Development team members in the development and execution
of new multi-family, affordable housing development projects in various regions. The
Development Manager will be responsible for researching, due diligence investigations, and
acquiring and managing the development process from initial concept through construction. This
includes conducting market research, deal sourcing, site and project design, financial preparation
of proformas and development budgets to assess the overall optimal financial feasibility and
returns of the project and negotiating the economics and structure of the development deal. The
Development Manager will manage the infrastructure, land development, building construction for
each project and will act as the liaison between the development, the construction and the design
teams, as well as external investors, community and state government officials, housing subsidy
program representatives, banking and legal representatives, design consultants, architects, civil
engineers, and other related partners/customers in the acquisition development process for multifamily, affordable housing projects.
RESPONSIBILITIES:
including developing and leading RFQ/RFP deliverables and responses and participating in
new business development in the designated regions.
compliant with local, state, and federal laws.
by coordinating with affiliated and 3rd party construction partners; Creating proformas and
investment committee and financial packages; making presentations to financial investors for
the projects.
market information, etc.)
EXPERIENCE:
managing construction and budgets, in-depth knowledge of regulatory requirements,
approvals and authorities related to development of apartment communities. Must have
experience in overseeing third-party contractors and vendors, both from a cost and quality
standpoint.
EDUCATION:
Conifer Realty is a professional, service-oriented organization offering a competitive salary commensurate with experience, along with excellent benefits that include ongoing training, promotion from within, paid holidays, paid time off (PTO); 401K with company match; medical, HSA, dependent care Flex account, dental, vision; company-paid life, short and long-term disability insurances; and a wellness program.
APPLY TODAY via our website link:to complete our application process and attach your resume. You will hear directly from the hiring manager on next steps in the process. Thank you for your interest in joining the Conifer Team
The salary for this position is $110,000. The actual compensation may vary depending on a wide range of factors, including experience, skills, qualifications, certifications, location, etc. This range does not include additional forms of compensation such as bonuses.
Conifer Realty LLC is an Equal Opportunity Employer and does not discriminate on the basis of any legally protected status or characteristic.
Minority/Female/Sexual Orientation/Gender Identity/Disability/Veteran.#J-18808-Ljbffr
