Multifamily Development Manager Jobs (NOW HIRING)

Title: Development Manager, Multifamily

Reports to: VP RE Development

Classification: Exempt/Hybrid

Supervises: 0

Department: Real Estate

Primary Purpose of the Job:

Primary Purpose of the Job: The Development Manager will report directly to the Vice President of Real Estate Development-Multifamily and will perform a wide variety of tasks directly related to the planning, development, and advocacy of affordable housing projects from acquisition through occupancy. The position is characterized by a high degree of autonomy, initiative, responsibility, accountability, and ability to work with various individuals, community-based organizations, and government entities. The candidate is expected to have a minimum of 2-4 years of LIHTC experience.

Specific responsibilities:

1. Develop the affordable housing pipeline:
   1. Collaborate with the team on project planning and pipeline development. Identify new opportunities for DreamKey Partners to develop or acquire affordable housing.
   2. Identify and assess development sites and acquisitions through market research, demographic studies, and competitive analysis.
   3. Communicate with brokers and owners on potential sites.
   4. Conduct preliminary feasibility analysis to include financial modeling and proforma creation.
   5. Determine the need for community acceptance plans (new construction).

1. Conduct due diligence:
   1. Analyze market conditions to ensure feasibility
   2. Prepare predevelopment budgets and schedules for proposed projects from the initial phases to completion.
   3. Solicit and hire necessary consultants to perform and entitle the project.

1. Prepare for financing:
   1. Complete financial analysis for tax credit applications and prepare investment packages.
   2. Identify appropriate funding and subsidy. Negotiate funding documents. Prepare clear and effective private and public funding applications and obtain approval.
   3. Interact with debt, equity, municipal shareholders, and government agencies to support financial analysis and secure subsidy approvals.

1. Community Engagement:
   1. Act as DreamKey Partners representative at community meetings, city hearings, and committee meetings
   2. Present projects to the community and gain buy-in

1. Closing and close-out:
   1. Conduct all tasks to prepare for closing acquisition, tax credit, construction, and permanent financing
   2. Coordinate closing government agencies providing subsidies, including document assemblage and review.
   3. Assist Legal and Operations Department in closings.
   4. Work with financial investors to expedite draws during construction.
   5. Work with Asset Management to hand over projects and conduct tasks related to cost certification on completed projects.

6. Other

1. Perform all types of administrative tasks associated with the development of affordable communities.
2. Complete special projects and research as assigned.
3. Become very familiar with affordable development financing mechanisms and attend training as needed.
4. Prepare weekly pipeline reports regarding the status of each project.
5. Maintain proper physical and electronic files.
6. Attend real estate development staff meetings as well as regular office meetings.
7. Complete an annual work plan and quarterly track progress against the plan.

Skills, Qualifications, and Attributes

• Experience working with and solving problems with multidisciplinary teams.
• Strong technical writing and computer skills to seek grants to support the organization.
• Proven ability to motivate teams.
• Excellent communication, supervisory, negotiation, and organization skills.

Required Education: Four (4) year college degree or equivalent experience

Required Licenses: N/A

Working Conditions: Office and onsite

Safety Hazards: Protective equipment and/or apparel must be worn on construction sites

This job description does not list all the job duties. Occasionally, supervisors or managers may ask you to perform other instructions and duties. Your evaluation is based partly on your performance of the tasks listed in this job description and these other duties.

Management has the right to revise this job description at any time.

The job description is not an employment contract, and either you or the employer may terminate employment at any time for any reason.