Real Estate Development
Chief Real Estate Officer
The primary purpose of this position is to perform specialized analytical and professional work in the redevelopment of affordable and public housing. The incumbent may also be responsible for, among other duties, reviewing and analyzing project budgets, resource development, contractor and consultant monitoring and direction, and related activities. Primary goal is to manage affordable housing redevelopment projects effectively and efficiently and to deliver real estate projects on time and on project.
All activities must support the Housing Authority of the Birmingham District's ("HABD" or "Agency") mission, strategic goals, and objectives.Essential Duties and ResponsibilitiesThe position duties and responsibilities listed below describe the general nature and scope of work. Other responsibilities, duties, and skills may be required and assigned as needed.
Authors Request for Proposals or Qualification, craft design bid documents, and manage the procurement process in conjunction with procurement department;
Manages and directs the work of architects, engineers, builders, and other technical consultants for the assigned development projects. Attend status meetings, manage proper documentation, and prepare reports and tracking documentation;
Reviews, interprets, explains, and apply applicable City, State, and Federal regulations related to affordable housing and HUD development projects;
Negotiates or supervises the negotiation of contracts for pre development, development, and construction in conjunction with legal team;
Assists selected development team process with predevelopment and entitlement process. Manage project timeline and track project schedule to ensure timely progress and on time construction completion;
Works with legal team to craft and negotiates legal documents inclusive of partnership agreements, development agreements, and lease agreements;
Assists in developing project programs, evaluating and recommending various construction and delivery methods to construct and renovate existing buildings;
Oversees the performance of all contractors to ensure that all work is completed according to construction plans, specifications, schedules, review and decision change orders, RFI, budget revision, and establishes and manage project files.
Ensures that the appropriate permit applications have been filed and received and jurisdictional project requirements have been met with relation to Energy, MWBE, Local Hiring, Section 3, and Affordability requirements. Assists with reports and correspondence for submission to proper agencies, jurisdictions, and governmental bodies.
Tracks contract compliance with City, State, and Federal provides technical supervision for construction and project management staff, property managers, supervisors, and on-site managers.
Ensures compliance with Federal, State, and Local regulations and contracts, grants, loan agreements, and investor requirements.
Develops, review, and track project financial feasibility studies, proforma cashflows, construction cost breakdowns, and rent comparability surveys. Monitors and tracks development and construction budget, and change orders.
Develops, monitors, and evaluates budgets; performs financial and analyses of project expenditures; process, approves, and ensure timely requisition of funds, review and process funding draws.
Identifies, coordinates, and monitors development projects; Prepare project status reports. Prepare factsheet and needed memos and documents for internal and external uses, including with executive staff, board of commissioners, media, and elected officials.
Represents and presents for the Housing Authority in community meetings involving construction and development and other programs as assigned, including conducting meetings with residents, government officials, interest groups, councils, developers, architects, planners, and contractors; serves as a liaison to the community as needed.
Establishes positive working relationships with tenant council, residents, community-based organizations, internal staff, and external City Agencies, Local, State, and Federal partners, and the public.
Prepares and makes presentations to community stakeholders, residents, elected officials, and government staff to gain necessary support for project resources.
Performs other related duties as assigned.
This position requires the incumbent to exhibit the following behavioral skills:
Leadership: Provides direction by clearly and effectively setting the course of action for your project development team; manages performance by providing regular feedback to CRO.
Job Knowledge: Exhibits requisite knowledge, skills, and abilities to perform the position effectively. Demonstrates knowledge of policies, procedures, goals, objectives, operational entities, requirements, and activities as they apply to the assigned organizational entity of HABD. Uses appropriate judgment & decision-making in accordance with the level of responsibility.
Commitment: Sets high-performance standards; pursues aggressive goals and works hard/intelligent to achieve them; strives for results and success; conveys a sense of urgency and brings issues to closure; persists despite obstacles and opposition.
Customer Service: Meets/exceeds the expectations and requirements of internal and external customers; identifies, understands, monitors, and measures the needs of both internal and external customers; talks and acts with customers in mind. Recognizes work colleagues as customers.
Effective Communication: Ensures important information is passed to those who need to know; conveys necessary information clearly and effectively orally or in-writing. Demonstrates attention to and conveys an understanding of the comments and questions of others; listens effectively.
Initiative: Proactively seeks solutions to resolve unexpected challenges. Actively assists others without formal/informal direction. Possesses the capacity to learn and actively seeks developmental feedback. Applies feedback for continued growth by mastering concepts needed to perform work.
Responsiveness and Accountability: Demonstrates a high level of conscientiousness; holds oneself personally responsible for one's work; does a fair share of work.
Teamwork: Balances team and individual responsibilities; exhibits objectivity and openness to others' views; gives and welcomes feedback; Contributes to building a positive team spirit; puts team's success above own interests; supports everyone's efforts to succeed.Job Competencies
Knowledge of HUD, federal, state, and local policies and regulations.
Knowledge of the general operations and procedures of multi-family affordable housing and HUD programs such as Choice Neighborhood, PBV, RAD, and LIHTC.
Ability to identify and negotiate with private for-profit and non-profits take holders in planning and implementing development activities.
Ability to think logically, analyze problems, develop creative solutions, follow systematic procedures, and develop comprehensive reports and recommendations.
Ability to communicate effectively with professional standards orally, in-writing, and presentation.
Knowledge of real estate activities relative to affordable and market-rate housing acquisition and development.
Knowledge of real estate documents and processes such as easements, titles, funding draws, relocation, loan applications, RFPs, RFQs, demolition, development agreements, operation agreements, and other related documents.
Ability to establish and maintain effective working relationships with co-workers, vendors, consultants, developers, tenants, HUD, and local, state, and federal officials. Ability to communicate with people from a broad range of socio-economic backgrounds.
Knowledge of Construction Scheduling and Management
Knowledge of Affordable Housing Real Estate Development Budget and Finance
Education and/or Experience
Bachelor's Degree in Urban Planning, Real Estate Development, Real Estate Finance, Business Administration with a concentration in Real Estate; Architecture, Engineering, Construction Management, or a related field and the equivalent of five (5) years of increasingly responsible experience in real estate development, affordable housing or public housing development, finance or law. An equivalent combination of education and experience may be considered.
Must have a valid driver's license and the ability to be insurable under HABD's automobile insurance plan at the standard rate.Technical Skills
The employee should have strong computer skills (e.g., MS Word, Excel, PowerPoint, Project, and Outlook) to perform his job successfully. Must have the ability to learn other computer software programs as required by assigned tasks. Business writing, presentation, and communication skills required. Ability to research, think critically, and analytically.Physical Demands
The physical demands described here represent those that an employee must meet to perform the essential functions of this job successfully. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
To perform this job successfully, the employee frequently must remain stationary. Daily movements include sitting; standing; reaching, grasping; operating computers and other office equipment; moving about the office, and attending onsite and offsite meetings, walking sites. The employee must be able to exchange information in person, orally, in writing, and via the telephone. The employee must occasionally transport up to 25 pounds.
The work environment characteristics described here represent those an employee encounter while performing this job's essential functions. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Office environment. The noise level in the work environment is usually moderate. The position may involve work at Authority properties, which may cause the employee to experience a range in temperatures and other weather conditions. The noise level may be loud, and the environment may be more hazardous than a standard office environment. This position may be required work with contractors as well as Authority residents. Must be able to multitask, work at a fast pace and be flexible and work collaboratively with an interdisciplinary team.
The position is open until filled.
Housing Authority of the Birmingham DistrictBirmingham, AL
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