Project Leader Real Estate Originations

National Church Residences; United States; On-site; USD 90,000 - 150,000; Full time

Benefits offered by this job

Medical & Rx

Dental & Vision

Retirement Plan

PTO

Parental Leave

Tuition Reimbursement

Job summary

National Church Residences seeks a Project Leader, Originations, to drive affordable housing opportunities within their region. You will source deals, underwrite financials, negotiate P&S terms, and marshal financing and consultants to close transactions.

You will manage senior housing development opportunities, build relationships with housing agencies, and guide entitlement processes while maintaining compliance and timely milestones. Travel up to 25% is expected.

Qualifications

• Bachelor’s degree or equivalent experience.
• Minimum 4 years in multifamily or affordable housing.
• Experience with Low-Income Housing Tax Credit preferred.
• Strong communication and analytical skills.

Responsibilities

• Identify, pursue and submit tax credit, bond, and lender applications to develop affordable housing communities.
• Close multiple tax credit transactions per year.
• Prepare preliminary financial underwriting for potential new construction projects, renovations or acquisitions.
• Lead community stakeholder outreach and zoning/entitlement processes.
• Coordinate third-party consultants and ensure timely project milestones and reports.

Skills

Affordable housing

Deal sourcing

Underwriting

Negotiation

Stakeholder engagement

Travel willingness

Financial modeling

English proficiency

Education

Bachelor's degree

Tools

Excel

Microsoft Office

Job description

Job Description:

Purpose

As the Project Leader, Originations, you will focus on opportunities within their assigned region. You will be accountable for the success of affordable housing projects, third-party deal sourcing in targeted markets, deal underwriting, preliminary deal evaluation, negotiation of purchases and related documents, procurement of financing, management of third-party consultants, and coordination of internal resources to facilitate a successful closing.

Essential Functions

Identify, pursue and submit tax credit, bond, subordinate (FHLB, HOME, etc.) and lender applications to develop affordable housing communities. Submit multiple tax credit applications each year. Close multiple tax credit transactions per year. Obtaining not less than two revenue producing projects per year (9% awards and/or, 4% awards, acquisition projects, and/or third-party management contracts. Identify and analyze new and existing senior housing development opportunities. Prepares reports on topics including market investigation, comparable sales analysis, competitor evaluation, and demographic research. Actively involved in relationship building and policy-shaping with State Housing Finance Agencies, affordable housing owners, developers, brokers and others as needed. Develop and maintain a thorough knowledge of State Housing Finance guidelines, scoring criteria and regulations. Identify and pursue project related subordinate ("soft") funding such as FHLB funds, HOME funds, Housing Trust Funds, etc. Prepares preliminary financial underwriting for potential new construction projects, substantial renovations and/or acquisitions. Management and interruption of third-party consultants and reports. Lead in community stakeholder outreach materials and strategies for new development projects. Leads the zoning and entitlement process of housing developments. Supports the preparation and negotiation of business terms of Purchase & Sale Agreements, including Partnership MOU's. Represent National Church Residences with various jurisdictional staff (city, county, state, etc.). Review construction/rehab plans with Construction Management and third-party architects. Manage critical financial and compliance deliverables by overseeing equity installment triggers, lease-up progress, cost certification and loan conversions. Drive projects to completion/8609 issuance by coordinating all completion milestones, including and ensuring timely achievement of Pro-Forma lease-up and stabilized occupancy benchmarks and timely issuance of IRS Forms 8609. Participate in strategic planning efforts for the Development Department. Utilizing various development department resources, take the lead in tracking and satisfying project related critical path benchmarks such as entitlements, third party reports, design documents and construction approvals. Provides support and guidance as required by Department leaders in such areas as project presentations for external stakeholders, coordination of internal resources, National Church Residences' internal investment committee, and others.

Expectations

Demonstrates and maintains a positive, professional manner, manages time efficiently and effectively, provides leadership as a role model to promote a team approach, collaborates and participates in policy creation and appropriate problem-solving methods. Must adhere to all policies, procedures, terms and conditions set forth in the National Church Residences' Employee Information Guide (EIG), the Code of Conduct, as well as any facility handbook, including but not limited to, corporate compliance, drug free workplace, safe work practices, all federal, state, local regulations and laws. With respect to Resident Rights, ensures all care is provided with respect and dignity for the residents/clients, their families and the staff. Reports all complaints made by residents/clients and/or families to the appropriate supervisors, reports all allegations of abuse, misappropriation of funds/resident property and/or any other corporate compliance, drug free workplace, safe work practices, all federal, state and local regulations and laws. Completes all annual education requirements timely, including but not limited to Compliance, Privacy, Security and HIPAA training and exhibits behavior as set forth by the Code of Conduct in the performance of their duties. Performs other duties as assigned.

Education

Bachelor’s degree or equivalent experience.

Experience

Minimum of 4 years related experience in a multifamily and/or affordable housing real estate, preferably with Low-Income Housing Tax Credit experience.

Skills

Must have excellent communication, comprehension, and interpersonal skills. Must have the ability to speak, read, write and understand English, as well as the ability to make self-understood. Proficient in Excel and other Microsoft office suite products, with a willingness to learn new forms of technology. Ability to manage multiple affordable housing projects in various development stages with assistance of supervisor. Demonstrated ability to take ownership of projects. Demonstrated analytical skills. Understanding of affordable housing fundamentals, financing, market dynamics, and economic and demographic drivers. Direct experience with tax credits, FHA mortgage programs, tax-exempt bonds, Section 8, and other sources of affordable housing financing. Excellent written and verbal communication skills Excellent networking skills Demonstrated analytical skills, including an understanding of financial models Collaborative skills, working with diverse internal and external entities to accomplish project goals Demonstrated ability for multi-tasking and meeting simultaneous deadlines Negotiation skills Ability to travel on a regular basis Demonstrates and maintains a positive, professional manner, manages time efficiently and effectively, promotes a team approach, participates in appropriate problem-solving methods.

Travel

Must be willing and able to travel up to 25%.

Licensure

Valid driver’s license and able to meet National Church Residences' motor vehicle policy.

Benefits

• Medical & Rx – 3 plan options to fit your budget;
• choose from coverage offered through a Nationwide network for you and your family Complimented with a Healthcare Flexible Spending Account or Employer funded Health Savings Account
• Includes Fertility & Family Building Support, Weight Management, and Chronic Condition Support
• Parental Leave paid at 100% for four weeks Coverage begins first of the month following your date of hire!
• Dental & Vision coverage for you and your family with Nationwide providers.
• Company provided Life & ADD insurance and Disability coverage.
• Supplemental benefits such as Life and AD&D for you and your family, Accident Insurance, Hospital Indemnity, and Critical Illness.
• Flexible Spending Accounts for Dependent Care and Transportation & Parking
• Well-being Programs including an enhanced EAP with mental health and work-life support, tobacco cessation, and Well-Being Your Way which offers up to $1000/year in rewards & reimbursements!
• Retirement Savings Plan offering immediate company funding at 3%, increasing up to 5% over time and an additional company match up to 5% when you contribute your own funds!
• Reimbursement for Tuition expenses
• Paid Time Off (PTO), 9 paid Holidays and Parental Paid Leave at 100% (Programs vary depending on Full Time, Part Time or Contingent Status)

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, ancestry, military status, disability, genetic information and/or any other characteristics protected by applicable law.

National Church Residences serves more than 46,000 seniors through our array of housing and health care services. Our organization is driven by a vision to advance better living for 100,000 seniors by 2030, wherever they call home. With more than 360 communities across the U.S., we are the nation’s largest nonprofit provider of affordable senior housing and the largest manager of service coordinators. We also offer residential senior communities, home and community-based services, as well as permanent supportive housing for the formerly homeless and disabled. National Church Residences believes in finding, recruiting, developing, and rewarding talent. We hire people with the greatest potential and then we give them the resources they need to do their best work and grow. Our employees care about each other and they enjoy working in an environment that encourages their performance at the highest levels.

Your best career move starts with National Church Residences.