Director of Real Estate Development

Job
Status:       Full Time ExemptJob Site:           Preference for Springfield
or Corvallis; Salem or Oregon City offices negotiable for the right candidate;
occasional travel required

Job
Salary:      Salary commensurate with experience ($85,000
– $110,000); plus Benefits

Supervisor:     Chief
Executive Officer

 

SummaryWillamette Neighborhood
Housing Services (WNHS) is a private nonprofit community development
organization and member of the NeighborWorks® Network. WNHS is based
in western Oregon – with offices in Springfield, Corvallis, Salem, and Oregon
City – and serves a multi-county area that includes urban, suburban, and rural
communities. WNHS recently merged with another strong community development
organization, and is substantially expanding our real estate development activities,
including affordable housing, mixed-income and mixed-use development, as well
as commercial development that contributes to neighborhood revitalization work.
 A focus on healthy homes, neighborhoods,
and communities has become a unifying theme in much of WNHS’ work and is
informing our approach to real estate development and management, and resident
and community engagement.

We are recruiting for the
new position of Director of Real Estate Development, who will be the senior
executive of our real estate development department and a member of the
organization’s management team. We are seeking a dynamic leader with equal
parts knowledge, experience, vision, and passion for affordable housing and
real estate development, who can help us craft and then carry out a broad
strategic plan for development. At a minimum, our existing pipeline includes
homeownership and land trust development projects, multifamily rental
development, and a 12-acre major neighborhood center mixed-use project. A
successful candidate for Director of Real Estate Development will have
experience (and be energized by!) envisioning and creating ambitious
development plans, juggling multiple large projects in various stages of
development, utilizing diverse funding tools, and managing the politics of real
estate development with a variety of communities and stakeholders.

 This is a unique leadership
position, joining an organization poised for significant growth, in a state
that is increasing its investments in affordable housing. We are looking for a
dynamic Director who has substantial experience and also wants room to grow,
who can identify and seize opportunities as they arise, and who can see both
the big picture of comprehensive community development work and the attention
to detail it takes to accomplish that work. 
 

 WNHS offers a competitive
salary and benefits, a healthy and high performance work environment, and a
commitment to professional growth, teamwork, and diversity. An application for
this position consists of a cover letter that describes how your education and
experience prepare you for this position, a resume, and three references.  The
position will be open until filled; preference will be given to applications received
by 5:00 p.m., Friday, March 8th, 2019. See below for additional information.

Essential Duties

Manage
all phases of the real estate development process, from concept to
completion, through your own work or the oversight of development staff,
including:

site
selection and feasibility analysis;
developing
detailed financial pro formas;
writing
applications for and securing project financing;
securing
and coordinating the services of external development professionals;
securing
land use approvals;
negotiating
agreements;
overseeing
construction;
transferring
project to asset and property management;
completing
cost certification and project closeout.

Work
with the CEO, COO, development team and other key staff to create a
strategic plan for real estate development and a pipeline of projects that
meets the needs of the communities we serve and best utilizes available
funding opportunities.
Use
a variety of data collection tools and procedures to develop community
needs assessments, housing market analyses, and projects concepts.
Work
with the CFO to create and oversee the Real Estate Development Department
budget and cash flow.
Monitor
project expenditures and progress and establish mechanisms for assuring
that projects are completed on time and within budget.
Cultivate
positive relationships with funders, municipal staff, architects and
contractors, community stakeholders, and other key partners.
Coordinate
outreach to impacted neighborhoods, develop community support, and
maintain positive neighbor and community relations during all phases of
the development process.
Coordinate
with other staff and organizations to develop plans for providing
supportive services.
Monitor
compliance with all grant, lender, and investor requirements. Maintain
project records and prepare and submit a variety of reports.
Supervise
real estate development staff (currently 1 full time experienced developer
and 1 part time intern…will grow with future pipeline), including providing
training and coaching, conducting annual performance reviews, etc.
Provide
staff support to a real estate development subcommittee of the Board of
Directors.
Serve
as a resource to the WNHS Asset Manager and property managers on long term
capital improvement plans, grant compliance, the rehab of properties in
WNHS’ portfolio, and other matters.
Maintain
up-to-date knowledge of federal, state, and local funding opportunities and
policy changes related to affordable housing and commercial development;
participate in policy and advocacy efforts to shape future funding
opportunities at all levels.
Perform
other duties as assigned.

Required Knowledge and Skills

The position requires a high level of
leadership, initiative, independent judgment, technical skills, and skilled
collaboration with a variety of partners. Applicants should have:A portfolio of successfully developed
projects demonstrating different types of development and the use of multiple
funding sources. A demonstrated knowledge of:

All phases of real estate development
from concept development to project implementation for both multifamily rental
and homeownership projects;Public and private sources of
affordable housing financing including, but not limited to, LIHTC, HOME, USDA
Rural Development, CDBG, New Market Tax Credits, and a variety of other public
and private sources;Typical construction and operating
expenses for multifamily rental properties, single family development, and/or
commercial facilities;The principles and practices of project
and risk management;Methods for assuring project progress
and costs are on schedule and within budget;The relationship among project
financing, project construction standards, and the ability of the owner to
maintain the asset over a long period of time;Oregon-specific development knowledge
is beneficial but not required.The ability to:

Effectively coordinate and communicate
with development teams that include other WNHS employees, consultants,
architects, engineers, builders, public and private sources of financing , and
local and state government officials;Create strategic plans for multiple
types of development spanning a 7-county area;Evaluate site conditions, develop
alternative project concepts, and develop conclusions about project feasibility;Provide effective supervision for a
team of development staff;Create complex spreadsheets for the
financial modeling, forecasting, and analysis of real estate development
projects;Negotiate and manage agreements and
contracts;Communicate information clearly and
accurately in writing, by phone, face-to-face, in public, and before public
bodies;Establish and maintain effective
relationships with individuals and groups;Operate office equipment, especially
personal computers using word processing, spreadsheets, databases, email, and
calendar/scheduling programs;Visit and navigate active construction
sites;Create and maintain manual and
computerized filing and record-keeping systems.

Minimum Qualifications

Any combination of education and experience
that would likely provide the required knowledge and skills is qualifying. A typical way to obtain the required knowledge and skills
would be:

A masters degree with major course work
in areas such as finance, business, real estate, planning, community
development, public policy, or a related field; andFive or more years of experience demonstrating
progressive responsibility in affordable housing finance and development.The Director of Housing Development must
also:Have or be able to obtain a valid
Oregon Drivers License, be insurable to drive the WNHS company cars, (and provide
his or her own transportation if company cars are unavailable) for frequent
travel to other locations in Oregon;Be available to occasionally (once or
twice a year) travel out of state to attend multi-day meetings and conferences;Complete both criminal background and
credit checks prior to being hired, the results of which are satisfactory to
the employer.Salary and BenefitsSalary will be
commensurate with experience and the duties of the position. Benefits include
medical, dental, and vision insurance; a deferred compensation retirement plan
that includes an employer match (eligibility for the plan begins after one year
of employment); and paid vacation, sick leave, and holidays. Willamette
Neighborhood Housing Services is committed to the professional growth of all
employees and provides excellent training opportunities through our membership
in the NeighborWorks® Network.To ApplyThe position will be open until
filled; preference will be given to applications received by 5:00 p.m., Friday,
March 8th, 2019. An application
consists of a cover letter that describes how your education and experience
prepare you for this position, a resume, and three references. Applications
should be emailed to: emily@nedcocdc.org.

WNHS
is an Equal Employment Opportunity Employer. All qualified persons are
encouraged to apply. Applications for employment will be considered without
regard to race, color, national or ethnic origin, religion, gender, gender
identity, sexual orientation, marital status, age, disability, and any other
characteristic protected by applicable law.

 

Studies have shown that women and people of color are less likely to
apply for jobs unless they meet every one of the qualifications listed. 
We are most interested in finding the best candidate for the job, and that
candidate may be one who comes from a less traditional background.  If you
meet key qualifications for the job, and believe you would be the best fit, we
would encourage you to apply; please use your cover letter to explain how you
will accomplish parts of the job for which you have less experience.  If
you are unsure whether you meet the qualifications of this position, please
feel free to contact us. 

 

Willamette
Neighborhood Housing Services values diversity and supports a positive,
welcoming environment where all of our employees can thrive.
We strive to hire a workforce representative of the communities we serve,
understanding a diverse workforce strengthens our organization.

For more information about Willamette Neighborhood Housing
Services and the merger between NEDCO and WNHS, go to www.w-nhs.org. Until our new website launches,
you can find out more about the NEDCO side of things at www.nedcocdc.org.