Development Manager

ADP, Inc.; Columbus (OH); On-site; USD 84,000 - 86,000; Full time

Job summary

CMHA seeks a Development Manager in Columbus, OH, to support acquisitions, financing, and rehab of affordable housing projects. You will work with VP/AVPs to secure LIHTC financing and other sources, manage closings, and coordinate across CMHA offices to hit Planning & Development targets.

The role emphasizes financial modeling, coordination with lenders and public agencies, and active participation in public meetings. Requires strong analytical, communication, and project management skills.

Qualifications

• Bachelor’s degree in Finance, Public Administration, Urban Planning, Business, or related field; Master’s degree preferred.
• 5+ years of related experience in affordable/mixed-income/multifamily real estate development or equivalent.
• LIHTC certification or other real estate finance/development certifications preferred.

Responsibilities

• Assist VP and AVPs in evaluating potential real estate acquisitions and developments and rehabilitation.
• Assist in securing LIHTC financing from OHFA and other gap financing sources.
• Assist in securing financing from federal, state, and local governments for developments.
• Assist in obtaining construction, permanent, and other financing for acquisitions and rehab projects.
• Assist in the closing process with various financing sources for each transaction.
• Collaborate with CMHA teams to achieve Planning & Development goals.
• Represent CMHA at public meetings related to development approvals.
• Track projects post-financial closing using project management principles.

Skills

Financial modeling

Analytical skills

Communication

Education

Bachelor's degree in Finance/Public Administration/Urban Planning/Business

Master's degree preferred

Tools

Yardi

Microsoft Office

Job description

Development Manager

Columbus, OH, US

Salary Range: $84,000.00 To $86,000.00 Annually

An Equal Opportunity Employer

QUALIFICATIONS:

An example of acceptable qualifications for this position:

Possession of a Bachelor’s degree from an accredited college or university in Finance, Public Administration, Urban Planning, Business, or a related course of study; preferred Master’s degree ; five (5) or more years of related experience and training in affordable, mixed-income, and market-rate multifamily real estate development; or any equivalent combination of education, experience, and training which provides the required knowledge, skills, and abilities.

LICENSURE OR CERTIFICATION REQUIREMENTS:

Preferred: LIHTC certification or other real estate finance or development certifications.

EQUIPMENT OPERATED:

The following are examples only and are not intended to be all inclusive. Calculator, computer, computer software (e.g., Microsoft Office, Outlook, and other Microsoft Office tools, SharePoint, Yardi, and other applicable computer software), mobile phone, copier, scanner, telephone, and other standard modern business office equipment.

INHERENTLY HAZARDOUS OR PHYSICALLY DEMANDING WORKING CONDITIONS:

Employee has exposure to chemical compounds found in an office environment (e.g., toner, correction fluid, etc.); exposure to hot, cold, wet, humid, or windy weather conditions; this is considered sedentary work and the employee must demonstrate the ability to perform the physical demands required of the position in accordance with the U.S. Department of Labor’s physical demands strength ratings.

In cases of emergency, unpredictable situations, and/or department needs, may be required to lift, push, pull, and/or carry objects heavier than D.O.L. strength ratings recommend.

JOB DESCRIPTION AND WORKER CHARACTERISTICS:

JOB DUTIES in order of importance

ESSENTIAL FUNCTIONS OF THE POSITION:

• 90% (1) Assist the Vice President (VP) and Assistant Vice Presidents (AVPs) in evaluating potential new real estate acquisitions and developments, and rehabilitation of existing real estate in the CMHA portfolio, applying CMHA’s mission and strategic objectives along with industry-standard financial modeling;
• (2) Assist the VP and AVPs in applying for and securing Low-Income Housing Tax Credit (LIHTC) financing and other gap financing from the Ohio Housing Finance Agency (OHFA) for various affordable housing developments and rehab projects;
• (3) Assist the VP and AVPs in applying for and securing potential gap financing from federal, state, and local governments for various affordable housing developments and rehab projects;
• (4) Assist the VP and AVPs in securing construction, permanent, and other financing from banks and other financial institutions for various acquisitions, affordable housing developments, and rehab projects;
• (5) Assist the AVPs in the process of closing on all the various financing sources for each individual real estate transaction;
• (6) Work with other team members in other offices within CMHA, as directed by the AVPs, to help achieve the goals of the Planning & Development department;
• (7) Attend public meetings, on behalf of CMHA, related to approvals of various components of development and rehab projects.
• (8) Track real estate development projects post-financial closing using project management principles as well as metrics, dashboards, or other means developed by the VP and AVPs.
• 5% (9) At the request and direction of the VP and AVP, conduct evaluations of specific programs and activities to ascertain if CMHA goals and objectives are being achieved; identify, gather, and/or direct collection of data needed for program evaluation; collect and analyze demographic data analysis as needed; attend trainings and conferences to research and analyze new real estate development and financing possibilities.

OTHER DUTIES AND RESPONSIBILITIES:

5% Performs other related duties as assigned.

Knowledge of:

general real estate development principles; pro forma development and analysis; project management; risk identification and risk management; 9% and 4% LIHTC program requirements; HUD affordable housing programs and requirements; federal government-backed mortgage financing; HUD affordable housing programs and requirements; government structure and process; public administration; state, federal, and local laws and regulations; community resources and services; personnel administration; employee training and development; necessary finance and accounting principles; office practices and procedures; English grammar and spelling; *Agency/department goals and objectives; *Agency/department policies and procedures;*workplace safety practices and strategies; *personnel rules and regulations.

Skill in:

word processing; computer operation; use of modern office equipment; analytical and financial modeling; presenting information in a clear, organized, and convincing manner.

Ability to:

communicate clearly and professionally, both verbally and written, with the Agency’s COO and other Vice Presidents and with the Agency’s development partners; understand and communicate complex legal issues related to real estate development from the Agency’s attorneys to Agency staff; manage multiple concurrent development and acquisition transactions through varying stages of evaluation, financing, due diligence, closing, construction and stabilization; interpret Federal, state, and local laws and regulations related to housing development and Agency operations; deal with many variables and determine specific action; apply management principles to solve agency problems; define problems, collect data, establish facts, and draw valid conclusions; exercise independent judgment and discretion; understand, interpret, and apply laws, rules, or regulations to specific situations.