Project Leader, Affordable Housing Development (Hybrid)

Project Leader

The Project Leader will focus on opportunities in the Midwest, with a focus on Ohio. The Project Leader will be accountable for the success of each assigned affordable housing project including deal sourcing in targeted markets, 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 financial closing and closeout. The Project Leader must have initiative, be an effective communicator and have excellent organizational skills. The position reports to the Vice President, Affordable Housing who manages and directs the team toward excellence.

The Project Leader will be a part of the Development Department at National Church Residences. National Church Residences is the nation's largest not-for-profit developer and manager of affordable senior housing with 300+ properties in 23 states. The Development Department applies its 40 plus years of property development credentials to initiate, construct, acquire and expand the nation's senior affordable housing supply.

DESIRED ATTRIBUTES

• Strong appreciation for the mission of National Church Residences and ability to identify with and support the needs of its residents and other stakeholders.
• Excellent communication skills and willingness to support a multi-disciplinary department of design, construction, finance, legal and project management professionals.
• Demonstrated knowledge of real estate investment and the real estate development process.
• A reliable and responsible team player, that manages time effectively.
• Strong organizational skills.

ESSENTIAL FUNCTIONS AND BASIC DUTIES

The typical responsibilities for this position are to assist immediate supervisor, other origination team members and/or the department with the following with direction from supervisor:

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 analyzes 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.

Prepares preliminary financial underwritten 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 development.

Supports the preparation and negotiation of business terms of Purchase & Sale Agreements.

Represent National Church Residences with various jurisdictional staff (city, county, state, etc.).

Review construction/rehab plans with Construction Management and third-party architects.

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 to Department leaders in such areas as project presentations for external stakeholders, coordination of internal resources, National Church Residences' internal investment committee, and others.

Must adhere to all policies, procedures, terms and conditions set forth in the National Church Residences Employee Information Guide (EIG) 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.

Other duties as assigned

QUALIFICATIONS

Education: Bachelor's Degree preferred. Understanding of affordable housing fundamentals, market dynamics, and economic and demographic driver.

Experience: 2-5 years of experience in a multifamily and/or affordable housing real estate, preferably with Low-Income Housing Tax Credit experience.

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

Skills/Abilities:

• Proficient in Excel and other Microsoft office suite products, with a willingness to learn new forms of technology.
• Ability to manage multiple affordable housing project 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.

ABOUT NATIONAL CHURCH RESIDENCES

National Church Residences serves more than 42,000 seniors through its array of housing and health care services. The not-for-profit organization is driven by a vision of advancing better living for all seniors, enabling them to remain home for life. With 330 communities in 23 states and Puerto Rico, it is the nation's largest not-for-profit provider of affordable senior housing and the largest manager of service coordinators. The organization also offers residential senior communities, home and community-based services, as well as permanent supportive housing for the formerly homeless and disabled.

Key Facts

• Employs over 2,700 staff members nationally.
• Is governed by a 21-member volunteer board of directors.
• Is a not-for-profit 501(c) (3) corporation and the largest not-for-profit based in central Ohio.
• Headquartered in Central Ohio.
• The nation's largest not-for-profit provider for affordable senior housing and a national leader in senior HUD housing, with 330 communities in 23 states and Puerto Rico.
• Owns and operates six continuing care retirement communities.
• Operates National Church Residences Home and Community Services, a home health care agency.

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.