Real Estate Development Manager

Mission First Housing Group; Washington (District of Columbia); On-site; USD 90,000 - 130,000; Full time

Benefits offered by this job

401(k)

Employee assistance program

Flexible spending account

Health insurance

Life insurance

Paid time off

Vision insurance

Job summary

Mission First Housing Group in Washington, DC seeks a Development Manager to oversee affordable housing projects from predevelopment through construction, coordinating with public and private funders. You will prepare feasibility analyses, financial projections, and manage a cross-functional team to deliver projects on time and within budget.

This role requires a bachelor’s degree and at least two years in affordable housing development, strong financial modeling, and excellent written and oral

Qualifications

• Bachelor’s degree or equivalent exempt-level experience.
• At least two years of affordable housing development experience.
• Experience with financial modeling and complex Excel workbooks.
• Strong written and verbal communication skills.

Responsibilities

• Coordinate predevelopment activities from feasibility through design in partnership with Senior Development Managers.
• Conduct financial and feasibility analyses for proposed development scenarios, and recommend financing structures and feasibility strategies to senior development staff.
• Coordinate project team members under the Senior Development Manager’s leadership, including architects, civil engineers, attorneys, environmental consultants, and general contractors.
• Respond to requests for proposals and prepare funding applications for predevelopment, construction, permanent financing, and subsidies. Submit required applications and supporting documentation to public and private lenders.
• Manage the financing process from application through closing, including due diligence checklists and document coordination.
• Support the project team throughout construction, including preparing construction draw requests and submitting required status reports to funders.
• Prepare project closeout reports for Property Management and Asset Management.
• Support Asset Management and Property Management during lease-up and transition to occupancy, including preparing placed-in-service packages and participating in internal property stabilization calls.
• Support the Development team across the organization’s footprint by preparing reports for internal and external stakeholders, tracking predevelopment costs, and coordinating responses with other business lines at Mission First.

Skills

Financial modeling

MS 365 proficiency

Project coordination

Strong writing and communication

Education

Bachelor’s degree in Finance, Business, Law, Planning

Tools

Excel

Outlook

Word

PowerPoint

Job description

MISSION FIRST HOUSING GROUP develops and manages affordable, safe, and sustainable homes for people in need, with a focus on supporting vulnerable individuals. We connect residents with resources that help them live independently and provide housing that creates lasting benefits for residents and their neighborhoods.

At Mission First, every employee makes a meaningful contribution to our success. This position description outlines the role’s primary duties, qualifications, and scope, but is not intended to cover every responsibility. We encourage all employees to contribute their skills wherever and whenever needed to support our mission.

Columbus Property Management (CPM), a member of Mission First Housing Group, is seeking a resident-focused Assistant Community Manager. In this role, you will partner with the Community Manager to support property operations and help residents navigate the application, leasing, and tenancy process. Your work will help ensure residents understand their responsibilities, receive assistance when needed, and have a positive housing experience.

Role Description

The Development Manager will be a detail-oriented team player with the ability to multi-task and work independently.This position will manage and support real estate project execution, including predevelopment, financing and construction of affordable housing properties within MFHDC, working closely with public and private funders, partners and consultants.The Development Manager prepares feasibility analyses, financial projections and applications; identifies and coordinates the work of the project team members, including design, construction, legal and financing components; assists the Senior Development Manager with project construction management and turnover; and interfaces with and assists property management as needed during development and operations.

Key Responsibilities

• Coordinate affordable housing predevelopment activities from feasibility through design and permitting in partnership with Senior Development Managers.
• Conduct financial and feasibility analyses for proposed development scenarios, and recommend financing structures and feasibility strategies to senior development staff.
• Coordinate project team members under the Senior Development Manager’s leadership, including architects, civil engineers, attorneys, environmental consultants, and general contractors.
• Respond to requests for proposals and prepare funding applications for predevelopment, construction, permanent financing, and subsidies. Submit required applications and supporting documentation to public and private lenders.
• Manage the financing process from application through closing, including due diligence checklists and document coordination.
• Support the project team throughout construction, including preparing construction draw requests and submitting required status reports to funders.
• Prepare project closeout reports for Property Management and Asset Management.
• Support Asset Management and Property Management during lease-up and transition to occupancy, including preparing placed-in-service packages and participating in internal property stabilization calls.
• Support the Development team across the organization’s footprint by preparing reports for internal and external stakeholders, tracking predevelopment costs, and coordinating responses with other business lines at Mission First.

Qualifications

• Bachelor’s degree in Finance, Business, Law, Planning, or a related field. Equivalent years of relevant exempt-level work experience may be considered in place of a degree.
• At least two years of affordable housing development experience.
• Experience preparing and analyzing financial models and working with complex Excel spreadsheets.
• Proficiency with Microsoft 365, including Outlook, Word, Excel, and PowerPoint.
• Knowledge of federal, state, and local housing programs and funding sources, including Low-Income Housing Tax Credits (LIHTC) and tax-exempt bond financing.
• Ability to coordinate a multidisciplinary development team, including legal, finance, design, and construction professionals. Experience in any of these fields is a plus.
• Strong organizational skills, attention to detail, and the ability to manage complex projects, detailed task lists, budgets, and deadlines.
• Excellent business writing and professional communication skills.
• Self-motivated and collaborative, with the ability to work independently, learn new skills, and take initiative on complex development assignments.
• 401(k)
• Employee assistance program
• Flexible spending account
• Health insurance
• Life insurance
• Paid time off
• Vision insurance

Ability to Commute:

• Washington, DC (Required)

Mission First provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, age, sex, sexual orientation, gender identity, national origin, disability status, protected veteran status, genetic information, or any other characteristic protected by federal, state, or local laws. Mission First prohibits discrimination and harassment of any type.