Director of Real Estate Development

Macon Housing; Georgia; On-site; USD 120,000 - 165,000; Full time

Benefits offered by this job

Healthcare plans

PTO & holidays

401a & 457b + match

Early close Fridays with flex schedule

Paid Life Insurance

Employee Assistance Program

Job summary

Macon-Bibb County Housing Authority seeks a Director of Real Estate Development to lead its LIHTC multifamily housing initiatives. You will oversee site selection, underwriting, financing, and construction oversight, coordinating with investors, lenders, state agencies, and public partners.

The role requires broad experience across development phases, strong negotiation skills, and deep knowledge of federal and state housing programs. Competitive salary and comprehensive benefits are offered.

Qualifications

• Four-year degree in public or business administration with emphasis in planning, finance or related field.
• Minimum of seven years in affordable housing development with LIHTC financing.
• Experience managing projects through all development phases from conception to stabilization.
• Direct experience negotiating with equity investors, lenders, housing authorities and public agencies.
• Knowledge of LIHTC regulations, tax-exempt bonds, HOME, CDBG, HUD programs.
• Experience preparing development budgets, sources and uses and proformas.
• Broad lifecycle experience; not limited to a single specialty area.

Responsibilities

• Lead LIHTC-funded multifamily developments from predevelopment through stabilization.
• Prepare and oversee competitive LIHTC applications with agencies, investors and lenders.
• Structure transactions using LIHTC, tax-exempt bonds, HOME, CDBG, HUD and other funding sources.
• Direct underwriting and financial modeling, budgets, proformas and cash flow projections.
• Negotiate partnership agreements and loan documents.
• Coordinate architects, engineers, contractors, attorneys and other consultants.
• Ensure LIHTC and affordability covenants compliance during development and lease-up.
• Represent the Authority in meetings with agencies, investors, governments and stakeholders.

Skills

LIHTC knowledge

Financial modeling

Project management

Stakeholder negotiation

Public housing finance

Education

Bachelor's degree in public or business administration

Master’s degree preferred

Job description

Position: Director of Real Estate Development

Job Location: Macon, GA

Macon-Bibb County Housing Authority seeks a dynamic, motivated individual to lead its non-profit development affiliate, In-Fill Housing. Since 2001, In-Fill has successfully completed 29 innovative, award-winning affordable housing developments throughout Georgia, representing almost $500M of investment. In-Fill has demonstrated excellence in the development of new multi-family housing and the rehabilitation of existing family and senior apartment developments. Our development affiliate is devoted to building well-designed, sustainable housing that creates a quality environment for residents and enhances the surrounding community.

Position Summary

This position is responsible for planning, evaluating, and directing real estate development initiatives that advance the mission of the Macon-Bibb County Housing Authority and its affiliated entities. The Director will lead all phases of affordable housing development with a strong emphasis on the Low-Income Housing Tax Credit (LIHTC) program, including site identification, market and financial feasibility analysis, acquisition, project underwriting, deal structuring, tax credit application preparation, financing procurement, design development, governmental approvals, construction oversight, lease-up, stabilization, and project closeout. The successful candidate will have direct experience leading multifamily affordable housing developments from project conception through conversion and permanent financing, coordinating development teams, investors, lenders, state agencies, and public partners throughout the process.

Essential Duties and Responsibilities

• Lead the development and execution of LIHTC-funded multifamily housing developments from predevelopment through project stabilization.
• Prepare, coordinate, and oversee competitive LIHTC applications, including interaction with state allocating agencies, equity investors, lenders, consultants, and legal counsel.
• Structure complex affordable housing transactions utilizing LIHTC equity, tax-exempt bond financing, HOME, CDBG, HUD, FHLB AHP, housing authority resources, and other federal, state, and local funding sources.
• Direct project underwriting and financial modeling, including development budgets, operating pro formas, sources and uses analyses, and long-term cash flow projections.
• Negotiate partnership agreements, equity investment terms, loan documents, development agreements, property management agreements, and related transaction documents.
• Coordinate and manage architects, engineers, contractors, attorneys, accountants, syndicators, market analysts, and other third-party consultants throughout the development process.
• Ensure compliance with LIHTC allocation requirements, extended-use restrictions, fair housing requirements, and other affordability covenants during development and lease-up.
• Serve as the Authority's lead representative in meetings with funding agencies, investors, local governments, community stakeholders, and development partners.

Required Qualifications

• A four-year degree in public or business administration with emphasis in planning, economic/community development, finance, residential construction, urban planning or related field. Master’s degree or equivalent is preferred.
• Minimum of seven (7) years of progressively responsible experience in affordable housing development, with substantial direct involvement in LIHTC-financed multifamily housing developments.
• Candidates must demonstrate experience managing affordable housing projects through substantially all phases of the development process, including project conception, site acquisition, underwriting, financing, LIHTC application preparation, closing, construction, lease-up, and stabilization.
• Strong preference will be given to candidates who have directly led multiple LIHTC developments and have experience negotiating with equity investors, syndicators, lenders, housing authorities, and public funding agencies.
• Demonstrated knowledge of LIHTC regulations, tax-exempt bonds, HOME, CDBG, HUD programs, Georgia affordable housing funding programs, public-private partnerships, and multifamily real estate finance.
• Experience preparing development budgets, sources and uses statements, operating proformas, and financial feasibility analyses is required.
• Applicants must have direct experience managing affordable housing developments through the majority of the development lifecycle and should not be limited to a single specialty area such as construction, property management, compliance, architecture, or accounting.

Compensation

We offer a competitive market-based salary, commensurate with experience and education, plus a comprehensive benefits package which includes:

• Several Healthcare plans to choose from, dental (includes adult and child orthodontal) and vision
• 14 days of earned PTO your first year, 12 company holidays + 1 birthday holiday.
• 401a & 457b + match
• Early close Fridays with flex schedule
• Paid Life Insurance
• Free Employee Assistance Plan

Thank you for your interest.

An Equal Opportunity Employer M/F/V/D Certified Drug-Free Workplace