DIRECTOR, DEVELOPMENT

Socket.dev; Glen Burnie (MD); On-site; USD 120,000 - 180,000; Full time

Job summary

HCAAC seeks a Director of Development to lead affordable rental housing initiatives under the Deputy CEO, collaborating with the CEO and public agencies to shape a pipeline of new constructions and acquisitions.

The role manages complex financing, ensures compliance with HUD/LIHTC, coordinates pre-development activities, and guides projects from deal origination through closing, including joint ventures.

Qualifications

• Bachelor’s degree in Business Administration, Asset or Property Management, or related field.
• Minimum ten years of construction/field management or related experience.
• Minimum five years’ experience with Maryland DHCD Tax Credit programs and LIHTC.

Responsibilities

• Oversee financial management of development funds with multiple sources.
• Coordinate pre-development and development activities with lenders and legal documents.
• Conduct due diligence on properties during feasibility, acquisition, and predevelopment.
• Prepare financing applications to public and private sources.
• Lead RAD transactions marketing, management, leasing, relocation, and FHEO obligations.
• Coordinate meetings with partners, neighborhoods, and public hearings.

Skills

Partnership development

Public official coordination

Financial budgeting

Due diligence

Contract management

Education

Bachelor’s degree in Business Administration, Asset or Property Management, or related field

Job description

General Job Summary:

Under supervision of the Deputy Chief Executive Officer, the Director of Development works closely with the

CEO and Deputy CEO as part of a team that will lead and implement HCAAC's development strategic goals,

objectives, and priorities by developing a pipeline of affordable rental communities.

The Director will plan, organize, and manage all functions and activities assigned, including activities and

coordination with outside agencies, public officials, and the communities. Responsible for originating,

coordinating, and implementing all aspects of affordable housing project development from deal origination and

feasibility through acquisition, construction, and closing. Projects will include new construction and

acquisition/rehabilitation, as well as joint ventures with other developers.

Essential Job Functions:

Oversees/manages/prepares the financial management of funds for development all Capital Funds, HUD

Funding, Department of Housing & Community Development Funding, and Arundel Community

Development Services Funding in cooperation with the Finance Department.

Facilitate development partnerships with developers, community-based organizations, and local

jurisdictions.

Conduct all physical, financial, and operational due diligence on properties during feasibility, acquisition,

and predevelopment phases.

Prepare financing applications to public and private sources. Housing and Community Development for

HOME, state and national housing trust funds, energy efficiency funds, and other housing assistance,

including LIHTC 9% competitive and 4% bond financing with DHCD and ACDS, and Local, regional, and

national banks .

• Coordinate pre-development and development activities including but not limited to lender relationships, legal documents, financial planning including development and operating budgets with multiple sources, construction documents, and ongoing management of project financials.
• Oversee compliance with city, state, and federal oversight agencies and with private investors/lenders.
• Acquire properties from public agencies as well as from the private market.
• Oversee Property financial statement preparation and assisting with financial statements as needed to prepare for year-end audits.
• Research cost effective approaches to reduce operating expenses for all properties.

Communicates and interacts with Housing Commission, Housing Corporation and all other federal, state

and local partners in redevelopment, development and similar real estate projects.

Interacts with HUD and all related affiliates on the RAD transactions of the company and the Housing

Commission throughout the entire RAD transaction process.

Completes and coordinates all efforts on RAD related marketing, management, leasing, relocation, and

FHEO obligations throughout the RAD transaction periods.

Leadership of pre-development and development meetings including interaction with public and private

partners, neighborhood groups and attendance at public hearings.

Coordinates meetings, conference calls, and strategies needed for company real estate projects.

Acts as liaison between the company, the Housing Commission, Housing Corporation and all partners and

stakeholders.

Reviews and maintains all required documents, checklists, summaries, plans and required elements related

to applications, financing plans, development plans, closing and post-closing.

Monitors all required elements; including applications, checklists, forms, contracts, estimates, proposals,

plans and other documents pertaining to redevelopment, development or acquisition of properties by the

company.

Plans and coordinates all marketing and event activities for the company.

Prepares reports for Board of Commissioners.

Reviews and helps develop annual property management plan and operating budget.

Set up and maintain a detailed filing system for all projects.

Attend client meetings and assist with determination of project requirements. Educate the public on agency

development.

Prepares, reviews, and approves requests for payment by vendors and contractors, contract change

orders/time extensions, and contract settlement documents.

Prepares, reviews, and manages all documents relevant to the Capital Fund Program, including the

preparation and submission of the required reports.

Manages information, contract ledger, cash flow analysis, and contract disputes resolutions.

Reconciles construction costs to budget line items and cost centers as they develop.

Corresponds with contractors, vendors, and HUD, as necessary.

Plans, directs, and coordinates construction projects with executive management, asset managers,

residents, and contractors.

Inspects the progress and quality of work by contractors to insure consistency and compliance with

mandated practices and technical specifications according to federal procurement procedures.

Monitors Federal Labor Standards Compliance consistent with federal guidelines as prescribed by HUD and

Federal Labor Standards.

Resolves disputes and claims with contractors, vendors, suppliers, and residents.

Prepares, reviews, and approves all payments for subcontractors, consultants, and general contractors.

Maintains all capital and development filing systems.

Manages all HUD paperwork as required for Davis Bacon, Reporting, Section 3 Reporting, and MBE.

Bid and generate Request for Proposals as set forth in the HCAAC Procurement Policy Manual.

Procures Architectural, MEP Engineering, Civil Engineering, Sustainability, Energy Auditing, Environmental,

Lead Paint Abatement, Utilities Abatement, and Radon Services, and Physical Needs Assessment.

Generates scope of work, design, drawings, and technical specifications.

Makes decisions concerning project scope, design and budget to be consistent with construction needs.

Prepares/reviews technical specifications and Project Manuals for projects.

Participates in long-term planning, assess the Commission’s real estate development requirements, as

defined by HUD and the Commission, for approval by management and the HCAAC Board of

Commissioners.

Writes, distributes, collates, and interprets an annual survey of all residents and staff concerning their view

of development needs within the Commission.

Performs/prepares/reports physical needs assessment, environmental reviews for all HCAAC properties.

Coordinates/plans construction and non-construction based activities that are allowable under the

Comprehensive Grant Program, Community Development Block grants, or funded from other sources.

Identifies other sources of funding for HCAAC initiatives; initiates, researches, and develops and writes grant

proposals.

Presents the yearly Comprehensive Grant Submission to the public through a series of site meeting and

public hearings.

Performs other related essential duties as required.

Supervisory Responsibilities

Ability to assign, review, plan and coordinate the work of employees.

Ability to evaluate employee job performance.

Ability to provide instruction and training and to respond to employee problems.

Ability to approve the discipline or discharge of an employee.

Ability to approve the selection, promotion or transfer of an employee.

Knowledge and Skills required:

Bachelor’s degree in Business Administration, Asset or Property Management, or related field

supplemented experience with a minimum of ten years of construction field, field management, or related

experience; or any equivalent combination of education, training and experience which provides the

necessary knowledge, skills and abilities.

Must have five or more years’ experience with Maryland DHCD Tax Credit programs, Affordable Housing

Financing programs and federal housing conversion programs such as Demolition/Disposition and Rental

Assistance Demonstration (RAD) at the agency or consultant level.

Knowledge of Project Based Vouchers and LIHTC development requirements; experience negotiating

directly with HUD, HUD FHEO and other federal, state and local parties involved with federal housing

conversions.

Must have extensive knowledge of all facets of federal housing conversion processes from application

through negotiation and closing; including resident relocation strategies, Fair Housing strategies,

modification and planning; navigating and negotiations with federal agencies and coordinating resources

and documents issued to the federal government.

Ability to manage and direct a group of workers; ability to supervise, counsel and mediate; ability to

persuade, convince, influence and training others; ability to advise and interpret on the application of policies,

procedures and standards to specific situations; ability to explain, demonstrate and clarify to others within

well-established policies, procedures and standards.

Ability to perform addition, subtraction, multiplication and division; ability to calculate decimals and

percentages; may include ability to perform mathematical operations with fractions; may include ability to

compute discount, interest, profit and loss, ratio and proportion.

Ability to comprehend a variety of reference books and manuals including Administrative Plan