Senior Development Manager

Position is based in Richmond, VA. This is a hybrid work schedule with Mondays and Fridays remote.

Founded over 35 years ago, BHC’s mission is to change lives and transform communities through high quality, affordable housing with the ultimate goal of helping people realize their fullest potential. The organization budget is approximately $27M of which 80% is selffunded with over 75 employees located at their new office at West Laburnum Ave, Richmond, VA. The staff profile of BHC is C-Suite, Directors and Managers, to onsite Property Managers, Leasing Consultants, and Maintenance Employees.

This role is responsible for leading end-to-end planning, entitlement, design, financing approval, execution of mixed-use, mixed-income development projects. Position is expected to work independently and effectively manage the development team and the financing process.

• Serve as project manager for real estate development projects. Oversee architects, engineers, and other consultants to ensure design integration and meet project milestones.
• Work with BHC Property Operation staff to vet architecture plans for practicality, operational efficiency, and lower long-term maintenance costs. Manage and maintain development schedules to ensure timely completion of development milestones including closing.
• Work closely with leasing, asset management, and property management teams to ensure seamless project handoff.
• Develop and maintain predevelopment and construction project budgets.
• Solicit bids from General Contractors.
• Prepare applications for permanent and construction financing and tax credits.
• Prepare development and operating pro formas for potential acquisitions, rehabilitation, and new construction.
• Collaborate with the Development Team and BHC (Better Housing Coalition) leadership in the evaluation and pursuit of new development opportunities.
• Review legal documents for real estate/partnership closings and ensure closings occur on schedule.
• Lead conference calls and closing activities during project acquisition and equity and loan closings.
• All other duties as assigned by management.

• 4-6 years of multifamily development experience
• Previous experience in housing, finance, or real estate development
• Previous experience in financial modeling
• Strong interpersonal and collaboration skills
• Effective and professional verbal and written communications
• Proven research and analytical skills
• High level of time management and ability to drill down to minutiae
• Proficiency with MSOffice products

• 2 years of affordable rental housing development experience
• Bachelor’s degree within Business Management/Urban Planning/Real Estate Development
• Previous experience developing cost and operating pro formas for real estate projects within affordable multifamily housing
• Previous grant writing experience

• The salary for this position is $80,000-$90,000.
• Benefits include: health, dental, and vision insurance (with fully covered employee premiums); 21 days of vacation plus 5 sick days and holidays; and a retirement plan.

The Better Housing Coalition is an equal opportunity employer.