Christian Church Homes - Walnut Creek, CA

posted about 2 months ago

Full-time - Senior
Walnut Creek, CA
Miscellaneous Manufacturing

About the position

The Director of Real Estate Development is responsible for overseeing all affordable real estate matters at Christian Church Homes (CCH). This role leads a dedicated team that manages the entire real estate development process, which includes site acquisition, land use and zoning analysis, financial feasibility, grant writing, construction administration, and the transition of projects to operations. The Director will work closely with the Chief Executive Officer and collaborate with senior leadership and the board of directors to develop and implement strategies that align with the organization's mission of providing quality affordable housing in caring communities. The position requires extensive experience in affordable and supportive housing development, particularly with low-income housing tax credits (LIHTC), tax-exempt bonds, and various state and federal capital programs. The Director will be responsible for cultivating long-term funding resources, monitoring project progress, and ensuring compliance with legal and regulatory requirements. This role also involves establishing relationships with community-based organizations and securing capital from public and private sources to support the development of affordable housing. In addition to managing the development process, the Director will supervise a team of Real Estate Development Project Managers and work collaboratively with consultants, lenders, and contractors. The position demands strong leadership skills, the ability to engage with diverse community groups, and a commitment to the values of justice, equity, diversity, and inclusion. The Director will also be responsible for preparing reports for staff and the Board, representing CCH in meetings, and participating in strategic planning processes.

Responsibilities

  • Manage and lead the entirety of the real estate development process including financing, closing, construction administration, and placement into service.
  • Cultivate long-term resources, including the development of private and public funding opportunities.
  • Monitor the progress and performance of developments and contractors.
  • Work collaboratively with internal departments to create projects that reflect community needs and organizational expertise.
  • Identify and secure viable development sites through option agreements or joint ventures.
  • Establish strong relationships with community-based non-profits and religious entities for development partnerships.
  • Obtain capital from various public and private sources for affordable housing development.
  • 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 projections to create financially viable construction and establish permanent operating budgets.
  • Hire, retain, and oversee the professional development of the department's staff.
  • Supervise a team of Real Estate Development Project Managers and work collaboratively with consultants.
  • Participate in organizational strategic planning and other executive management processes.

Requirements

  • Bachelor's degree in a related field; Master's degree in real estate or urban planning is a plus.
  • 10+ years of extensive experience in affordable real estate development, leading all aspects of the development cycle.
  • Minimum of 5 years' supervisory experience of real estate development staff.
  • Strong real estate development experience including local government procedures to secure entitlements and permits.
  • Excellent verbal and written communication skills.
  • Strong organizational skills and attention to detail.
  • Ability to engage in conversations about justice, equity, diversity, and inclusion.
  • Proficiency in Microsoft Office Suite and financial analysis using Excel.

Nice-to-haves

  • Experience managing development for a complex nonprofit with multiple funding sources.
  • Advanced analytical and problem-solving skills.
  • Ability to develop long-term plans and programs.

Benefits

  • Health insurance
  • Dental insurance
  • Vision insurance
  • Life insurance
  • 8% employer contribution for retirement
  • Competitive salary range of $175,000 - $200,000
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