Director of Real Estate Development - Christian Church Homes

Director of Real Estate Development (Full-time, Exempt, $175,000 - $200,000)

Our Mission

CCH builds and manages quality, affordable housing in caring communities.

Our Vision

To transform communities by fostering human dignity, mutual respect, personal independence, and supportive environments

Our Core Values

Sustainability – Maintaining our own organizational health and viability and maintaining sustainable communities for our residents

Integrity – Striving for reliability and honesty in all that we do and say

Independence – Empowering people to age in place with dignity

CCH Beliefs

We are more than a home for residents. We are more than a job for employees.

Position Summary

The Director of Real Estate Development is responsible for all affordable real estate matters of Christian Church Homes (CCH). This role leads a small, dedicated team that oversees all aspects of affordable real estate development: site acquisition, land use, and zoning analysis; financial feasibility, packaging, grant writing, and closing; construction administration; and permanent conversion through transfer to operations. Extensive experience with affordable and/or supportive housing development including usage of low-income housing tax credits (LIHTC), tax exempt bonds, state/federal capital programs, local funding and mixed-financed deals is essential. The Director will report to and work closely with the Chief Executive Officer. In addition, they will partner with the senior leadership and the board of directors to develop and implement strategies across the organization.

Key Responsibilities

• Manage and lead the entirety of the real estate development process including financing, closing, construction administration, and placement into service.
• Interfaces with development consultants to achieve desired outcomes. Cultivates long-term resources, including the development of private and public funding opportunities, reviews and analyses grant applications prepared by staff for appropriateness prior to submission. Monitors the the progress and performance of developments and the contractors.
• Work collaboratively with internal departments to gain input on real estate development strategy and create projects that reflect the community needs, organization’s expertise and risk tolerance.
• Identify and secure viable development sites, often through option agreement or joint venture.
• Establish strong relationships with community based non-profits, as well as religious entities for possible development partnerships.
• Obtain capital from a variety of public and private sources including municipal, state, federal, and tax credit opportunities, often through competitive RFP processes, for the development of affordable and supportive housing, including new construction and rehab.
• Identify re-syndication opportunities within the portfolio.
• Complete financial analysis of all prospective projects to determine funding strategy, and highest and best use.
• Collaborate with asset management to develop re-capitalizing and re-structuring strategies for existing assets.
• Prepare proformas and other projections to create financially viable construction and work with property management, resident services, and asset management to establish permanent operating budgets.
• Hire, retain, and oversee the professional development and career advancement of the department’s staff.
• Oversees the daily workflow of the department.
• Identifies opportunities and sites for housing development, including site selection, land acquisition, and feasibility analysis.
• Prepares and presents clear and concise reports for staff and Board.
• Effectively represents the department and CCH in meetings with governmental agencies, community groups and other stakeholders.
• Collaborates closely with the finance department to mitigate risk and provide transparency.
• Establishes and maintains a variety of filing, record-keeping, and tracking systems.
• Organizes and prioritizes a variety of projects and multiple tasks in an effective and timely manner; organizes own work, sets priorities for self and others, and meets critical timelines/deadlines.
• Collaborate with internal teams on PRAC for RAD conversions.
• Supervise team of Real Estate Development Project Managers.
• Supervise and work collaboratively with a team of consultants including lenders, attorneys, architects, engineers, contractors, and others.
• Work with local and regional elected officials and boards to advise strategy.
• Participate in organizational strategic planning and other executive management processes.
• Ensure legal and regulatory compliance regarding all development functions.
• Perform other duties as assigned.

Qualifications

• Ability to engage in continued conversations about justice, equity, diversity, and inclusion, with an equity focus, and to apply those conversations to daily work.
• 10+ years of experience in Affordable Housing Real Estate Development, including Senior Housing, Supportive Housing, and/or Multifamily Affordable Housing
• 5+ years of experience leading the identification of new projects and engaging with internal and external leadership to grow the CCH development pipeline
• Progressive experience supporting and mentoring development talent with at least one PM or Sr. PM as a Director Report
• 5+ years of experience writing successful applications for funding, including a thorough understanding of RFP schedules. LIHTC, tax exempt bonds, state/federal capital programs, local funding, mixed-financed deals, and PRAC for RAD conversions
• Completion of 5 or more development projects, soup-to-nuts, and the comfort, maturity, and professionalism to lead a department through the full development cycle.
• Bachelor’s degree in a related field and work experience and/or graduate level coursework
• MA in real estate or urban planning a plus.
• Extensive experience (10 years+) in the affordable real estate development field including a demonstrated track record of leading all aspects of the real estate development cycle.
• Minimum of 5 years’ supervisory experience of real estate development staff.
• Occasional travel (regional and national) as required to fulfill primary job responsibilities and duties.
• Passion for the Christian Church Homes’ mission to provide quality affordable housing in caring communities.
• Strong real estate development experience including local government procedures to secure entitlements and all necessary permits.
• Ability to work effectively with various community groups (including CCH residents, government and private lenders, business community members, and surrounding neighbors of proposed developments to listen and respond to community concerns.
• Experience managing development for a complex nonprofit with multiple funding sources including government (federal and state) contracts and an affiliate structure with diverse program areas delivered nationally.
• Excellent verbal and written skills and the ability to present information effectively.
• Excellent organizational skills and attention to detail.
• Excellent supervisory and leadership skills.
• Effective use of mediation and conflict resolution techniques and processes for influencing performance management; Ability to resolve problems, handle conflict and make effective decisions under pressure.
• Ability to establish and maintain effective relationships with other management staff, team members, and the general public.
• Knowledge of and experience with Microsoft Office Suite and proficiency in sophisticated financial analysis using Excel and with word processing software such as Microsoft Word.
• Advanced analytical and problem-solving skills.
• Ability to develop long-term plans and programs and to evaluate work accomplishments.
• Ability to serve with integrity, professionalism, and confidentiality.
• Ability to prioritize tasks and consistently meet project deadlines.

General Requirements

• CCH conducts background checks on all candidates who have received a conditional job offer. Satisfactory completion of background check is a requirement of employment with CCH.
• A valid driver license, reliable personal vehicle, personal auto insurance as required by law, and an MVR sufficient to obtain and reasonably maintain insurability under agency auto liability policies are essential job requirements.

Reporting & Organizational Relationships

This position will report directly to the President and CEO of CCH and supervises the day-to-day activities and staff of one or more functional areas and performs related work as required.

Compensation & Classification

CCH is committed to paying competitive wages. The salary range for this position is $175,000 - $200,000. CCH has a competitive benefits package with health, dental, vision, and life insurance, 8% of an employer contribution for retirement, and more. This is a full-time, exempt position. This position is based at the CCH Central Office - Walnut Creek.

How to Apply

Please submit a resume and cover letter. Your cover letter should express your interest in working at CCH and your qualifications. We encourage you to list your LinkedIn profile on your application.

Physical Demands

The ideal candidate must be able to complete all physical requirements of the job with or without a reasonable accommodation. Generally minimal physical exertion is required. Prolonged periods of sitting at a desk and working on a computer. Occasional lifting of heavy boxes and presentation materials occurs. Must be able to lift 15 pounds at times. Ability to access and navigate properties, construction sites, and the organization’s various office locations. Occasional travel (5-10%) required.

Equal Employment Opportunity

CCH is an equal opportunity employer. We strongly encourage applications from women, people of color, bilingual and bicultural individuals, and members of the lesbian, gay, bisexual, and transgender communities. Applicants shall not be discriminated against because of race, religion, sex, national origin, ethnicity, age, disability, political affiliation, sexual orientation, gender identity, color, marital status, or medical condition, including acquired immune deficiency syndrome (AIDS) and AIDS-related conditions. We encourage and will consider for employment qualified applicants with arrest and conviction records.

Applicants with Disabilities

Reasonable accommodation will be made so that qualified applicants who are disabled may participate in the application process. If you are seeking accommodation, please advise in writing at the time you apply.