Director of Development | Affordable Housing & LIHTC

Overview

We have been retained by the President & CEO of a growing Affordable Housing Development & Consulting firm in Los Angeles. The CEO brings 12+ years of experience in Affordable Housing Development and bachelor’s and master’s degrees from Ivy League universities. They are incredibly creative, knowledgeable, easy to talk to and work with, driven, motivated, and FUN. The President/CEO is looking to hire their right hand—someone who can lead project execution as well as think creatively to help build out the organization.

It’s rare to find a position where the President and CEO will ask you, "What projects do YOU want to do? What excites YOU about Affordable Housing?" and give you the opportunity to choose development and consulting opportunities that uniquely appeal to YOU. This is a chance to create housing for the populations that you care most about.

Our Client is a California-based Affordable Housing Development and Consulting firm that specializes in building and preserving affordable housing by partnering with other developers, public agencies, and community groups. They offer development services that include the full life cycle of a project as well as advisory, strategic planning, and capacity building services at the organizational level. They’re committed to creating sustainable, high-impact, and community-centered housing solutions that address the urgent need for affordable housing.

Scope of Responsibility

Responsible for overseeing and managing the development of affordable housing projects from start to finish, including pre-development, financing, acquisition, construction, and perm conversion projects. The successful candidate will manage relationships with consultants, lenders, and other stakeholders.

• Coordinate the acquisition and due diligence process: develop preliminary feasibility analyses for new development opportunities; conduct and review preliminary site due diligence; participate in initial development concept; and manage escrow closing and loan disbursement process
• Formulate and execute strategy for successful applications in response to RFPs
• Review and analyze development and operating budgets and proformas, financial statements, environmental reports, market studies, appraisals and other third-party reports to help determine project feasibility
• Coordinate the entitlement and land use approval process: supervise third party consultants, including architects and entitlement consultants; prepare and submit entitlement development applications, and work with city officials to secure approval; and participate in community outreach and public hearings
• Secure financing: prepare loan and grant applications (LIHTC, Tax-exempt Mortgage Revenue Bond, HOME, AHP and similar programs); work with public agencies and conventional lenders and investors to secure predevelopment, construction and permanent financing; assist with public agency and lender compliance requirements; and direct closing of acquisition, public agency, and construction financing
• Interact with equity, title, lender, legal, construction, property management and third-party vendors to ensure timely and efficient closing of transactions
• Coordinate project design: work with architect to develop program requirements and establish overall project vision; communicate company’s design standards; consult with Property Management and Resident Services staff to ensure design and specifications meet long-term operational needs; coordinate third-party consultants, such as sustainability and accessibility; and work with general contractor to estimate project costs and ensure conceptual design is within budget
• Coordinate construction administration: manage the project budget; attend construction job site meetings; and coordinate Owner’s Representative during construction
• Coordinate transition to operations: work with Property Management to coordinate initial lease-up, construction close-out, and punch-list and warranty items
• Provide administrative support and perform other duties as needed
• Coordinate the formation of new limited partnerships and limited liability companies with legal; obtain associated…