Real Estate Development Manager (Philly & DC)

Mission First Housing Group; Philadelphia (Philadelphia County); On-site; USD 90,000 - 120,000; Full time

Benefits offered by this job

Medical and vision insurance

403(b) retirement contributions

Company-paid life insurance

Disability coverage

Generous paid time off

Employee Assistance Program

Wellness Reimbursement Program

Job summary

Mission First Housing Group is seeking a Development Manager in the Philadelphia/DC area to lead planning, financing, and execution of affordable housing projects. You will support all phases from concept to operations, reporting to the Senior VP of Real Estate Development.

This role emphasizes collaboration, diligence, and impact on communities. The ideal candidate has a minimum of 3 years in affordable housing development, strong financial modeling skills, and excellent communication, with the

Qualifications

• Bachelor's degree or equivalent professional experience in a related field.
• Minimum of 3 years of affordable housing development experience.
• Strong financial analysis and modeling skills; advanced Excel proficiency.
• Excellent project management, organizational, and multitasking abilities.
• Strong written and verbal communication skills; ability to manage multiple stakeholders.

Responsibilities

• Coordinate affordable housing predevelopment process from feasibility through design and permitting with Senior Development Managers.
• Perform financial and feasibility analyses for development scenarios and advise on financing structures.
• Coordinate with project team (architect, engineers, attorneys, consultants, contractor).
• Respond to RFPs and prepare applications for project funding and subsidies; submit documents to lenders.
• Manage financing process from application to closing, including due diligence and documentation.
• Prepare status reports to funders and closeout reports for property/asset management.
• Support asset management through lease-up and occupancy transition; coordinate predevelopment costs tracking and reporting.
• Prepare reports for internal/external stakeholders and coordinate across Mission First lines of business.

Skills

Financial analysis

Excel proficiency

Project management

Communication skills

Stakeholder management

Budgeting

Education

Bachelor's degree in Finance, Business, Law, Planning, Real Estate, or related field

Master's degree in related field

Job description

2 Openings: Philadelphia, PA and Washington, DC

Mission First Housing Group develops and manages affordable, safe and sustainable homes for people in need, with a focus on the vulnerable. We ensure our residents have access to resources to help them live independently. We deliver housing that provides long-term benefits to residents and neighborhoods, alike.

Mission First believes that each employee makes a significant contribution to our success and the contribution should not be limited by the assigned responsibilities. Therefore, this position description is designed to outline primary duties, qualifications and job scope, but not limit the incumbent nor the organization to just the work identified. It is our expectation that each employee will offer his/her services wherever and whenever necessary to ensure the success of our endeavors.

We are seeking a Development Manager to help lead the planning, financing, and execution of affordable housing developments throughout our portfolio. This is an exciting opportunity for a real estate development professional who thrives in a collaborative environment and is eager to make a meaningful impact through community development.

Reporting to the Senior Vice President of Real Estate Development, the Development Manager will support all phases of the development process, from project conception and predevelopment through construction, lease-up, and transition to operations.

What You'll Do as a Development Manager:

• Coordinate affordable housing predevelopment process from feasibility through design and permitting in conjunction with Senior Development Managers.
• Complete financial and feasibility analyses for proposed development scenarios, make recommendations to senior development staff on financing structures and feasibility.
• Engage and coordinate the work of the project team under the leadership of the Senior Development Manager, including architect, civil engineer, attorney, environmental consultants, general contractor, etc.
• Respond to RFPs and prepare applications for project funding, including pre-development, construction, permanent financing, and subsidy; submit related applications and documentation as required by public and private lenders.
• Manage financing process, from application to closing, including due diligence checklists and document coordination.
• Coordinate with the team through the construction process, including assisting with preparation of construction draw requests as needed and submit status reports to funders as required. Prepare closeout reports for property management and asset management.
• Monitor and assist asset management and property management through lease-up and transition to occupancy phase, including preparation of placed in service packages, coordination in internal team calls regarding property stabilization.
• Support the work of the development team across the footprint, including preparing reports for internal and external stakeholders, tracking predevelopment costs, facilitating responses for and to other business lines within Mission First.

What We're Looking For in a Development Manager:

Required Qualifications

• Bachelor's degree in Finance, Business, Law, Planning, Real Estate, or a related field (equivalent professional experience may be considered).
• Minimum of 3 years of affordable housing development experience.
• Strong financial analysis and modeling skills, including advanced Excel proficiency.
• Excellent project management, organizational, and multitasking abilities.
• Strong written and verbal communication skills.
• Ability to manage complex projects, budgets, timelines, and multiple stakeholders simultaneously.

Preferred Qualifications

• Master's degree in a related field.
• Experience with affordable housing finance programs and funding sources, including:
• Low-Income Housing Tax Credits (LIHTC)
• Tax-Exempt Bond Financing
• Federal, state, and local housing programs
• Experience working with legal, finance, design, construction, or development teams.

We're looking for someone who is:

• Passionate about affordable housing and community development
• Detail-oriented and highly organized
• Self-motivated and able to work independently
• Collaborative and relationship-focused
• Curious, adaptable, and eager to learn
• Effective at problem-solving and meeting deadlines

Why Join Us?

At Mission First Housing Group, your work has a purpose. We offer a supportive team environment, opportunities to strengthen your maintenance skills, and a competitive benefits package that may include:

• Medical and vision insurance
• Company-paid retirement contributions through our 403(b) plan
• Company-paid life insurance
• Company-paid short- and long-term disability coverage
• Generous paid time off
• Employee Assistance Program
• Wellness Reimbursement Program

Benefits and eligibility may vary based on employment status.

Mission First Housing Group provides equal employment opportunities to all employees and applicants 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 law. Mission First prohibits discrimination and harassment of any kind.