- Rancho Cucamonga, CA, USA
- DOE
- Salary
- Full Time
National Community Renaissance offers a comprehensive benefits package!
"Together, we transform lives and communities!"
National Community Renaissance (CORE) is seeking a Development Manager, Affordable Housing to join our Development team. CORE is one of the nation's largest non-profit affordable housing developers with a 20-year track record in community revitalization. We transform the economic and social future of communities by building quality, affordable housing combined with best practice social services to improve the self-sufficiency of our residents.
National Community Renaissance C.O.R.E. Values:
COMMUNITY - Through our high-quality construction and social services, we build great communities where our residents and neighbors can thrive.
OPTIMISM - We believe in the ability of people to strive for better lives, and we help provide them with the means to achieve their dreams.
RESPECT - We serve our residents, partners, and employees with utmost respect.
EXCELLENCE - We strive for the highest standards in design, construction, property management, and customer service.
Benefit Summary:
National Community Renaissance offers a comprehensive benefits package including, medical, dental, vision, 401(k) plan with match, Life Insurance, LTD, FSA, paid holidays, vacation, and sick time.
About the Job:
The Development Manager, Affordable Housing is responsible for managing all aspects of the multi-family real estate development process.
RESPONSIBILITIES
Financial Analysis:
- Prepare financial models used in structuring transactions.
- Prepare loan packages for project financing.
- Structure deal points and negotiate with existing and proposed financial partners.
Real Estate Closings:
- Manage real estate closing process, including all loan and equity funding.
Entitlement Process:
- Coordinate entitlement process through local governmental agencies.
Budget Administration:
- Prepare and maintain ongoing project budgets and manage the draw process.
SKILLS & QUALIFICATIONS
A Development Manager should have the ability to:
- Write clearly and directly.
- Work easily with PCs and Microsoft software.
- Work harmoniously with clients, consultants and other professionals.
- Show initiative.
- Make public presentations.
- Be a team player.
- Ability to manage up to four projects concurrently.
- Must attend Company sponsored events which may include overnight stays at locations away from the employee's home.
EXPERIENCE & EDUCATION
The Development Manager should have a minimum of three years' experience with:
- Understanding, structuring and documenting the acquisition and financing of multi-family development.
- Understanding of specialized financing programs used in affordable housing such as LIHTC, HOME, CDBG, AHP, tax-exempt bond financing and various HCD and HUD programs.
- Preparing and updating proformas, project timelines and budgets.
- Tracking and coordinating the work of project members and financial partners.
- Planning for and resolving project issues individually and in coordination with appropriate project team members and financial partners.
- Must have a Bachelor's degree in Accounting, Finance, Planning, Real Estate, Business Administration or other Management related field.
PHYSICAL REQUIREMENTS/WORK ENVIRONMENT
- Operate computer and office equipment.
- Moderate walking, bending and lifting under 20 pounds.
- Work is primarily sedentary in nature.
- Occasional driving.
National Community Renaissance is an equal opportunity employer!
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