Development Director

Community Development Partners•Newport Beach, CA

1d•$190,000 - $225,000•Hybrid

About The Position

At Community Development Partners, we are deeply proud of our track record of providing award-winning solutions to housing. We work every day to achieve our mission of creating life-enhancing affordable housing that transcends the fundamental goal of providing high quality homes by building innovative and sustainable developments with a focus on long-term community engagement. As a mission-driven certified B Corp, we are unique in our field as a for-profit developer that leads with our impact goals. Since our inception in 2011, we have built, preserved, or are actively developing over 55 unique projects comprising 4,800+ units of affordable housing throughout Oregon, California, Nevada, Arizona, and Colorado. Sure, that’s what we do, and we are passionately committed to it, but equally as important is who we are as a team. We believe in forward progress, continuous collaboration, authentic connection, and mixing it all up with a healthy dose of fun. As an Equal Opportunity Employer, we offer a full suite of benefits that includes highly subsidized insurance, retirement plan with matching contributions, a sabbatical program, cell phone reimbursement, PTO, and more. As the Development of Director for our Southwest Region , you will lead your team through the development and management of our projects, from inception to perm loan conversion, in California, Arizona and Nevada. You will be a strategic partner to the development staff and leadership team to implement systems, tools and processes that support a smoother workflow, allowing for great impact across the organization. This is a hybrid position, working out of our Newport Beach, CA office 3 days each week.

Requirements

Ability to successfully interface and build strong cross-functional relationships with all levels of internal team members and external strategic partners (agencies, legislators, elected officials, jurisdictions, other stakeholders and decision makers), finding common ground and solving problems for the good of all.
Ability to maneuver through complex local political situations effectively and quietly.
Strong written and verbal communication skills (in English), allowing for clear and succinct communication in a variety of settings (phone, video, in-person, email), and with people of various backgrounds and levels, both internally and externally.
Ability to assemble talented staff, hiring the best people available from inside or outside the organization.
Ability to lead and develop direct reports, providing challenging and stretching tasks and assignments while creating strong morale and spirit on the team, managing accountability as needed.
Ability to accurately scope out length and difficulty of work and projects, anticipating and adjusting for problems, clearly assigning responsibility for tasks and decisions, setting clear objectives, ensuring progress and results, while embedding feedback loops into the work.
Clearly and comfortably delegates both routine and important tasks and decisions; broadly shares both responsibility and accountability; trusts people to perform; allows direct reports and others to finish their work.
A strong customer focus, with dedication to meeting the expectations, needs and requirements of internal and external customers, successfully gaining their trust and respect.
Willingness to stand up and be counted, taking personal responsibility for outcomes, and can be counted on when times are tough.
High level of expertise in real estate finance and deal structuring.
Mastery over all aspects of complicated LIHTC transactions.
Advanced knowledge of affordable housing financing, and advanced analytical, financial, and quantitative skills, including the ability to review complex financial reports prepared by others.
Ability to solve problems involving multiple options, making decisions with an in-depth understanding and interpretation of procedures, company policies and business practices to achieve complex results.
Technically savvy with a thorough knowledge of MS Office (PowerPoint, Excel, Word) and comfort with Google Suite.
Ability to meet multiple deadlines and work in a fast-paced environment.
Ability to pass a basic background check.
Ability to travel up to 10% of the time.
Minimum 7 years of real estate development experience.
Minimum 7 years of LIHTC experience, including direct experience with California LIHTC.
Minimum 5 years of people management, preferably direct reports or equivalent external vendor management.
Experience managing both ground-up and rehab projects.
Valid driver’s license, transportation, and the ability and willingness to travel, as needed.

Nice To Haves

Masters in real estate development or related fields preferred.
References and successful completion of a basic background check will be required.

Responsibilities

Manage, lead, and develop an experienced team of development staff members, directing their work through all phases of development, providing guidance and support to achieve departmental goals.
Maintain collaborative and productive relationships with investment partners, community partners, public agencies, property management, and other industry professionals.
Work collaboratively with the Chief Development Officer, Development Director Northwest, Acquisitions Manager and Transaction Manager to provide clarity and consistency across the development department.
Manage the Southwest pipeline of development to meet CDP’s strategic plan goals.
Research potential sources of project funding and assist project managers with structuring projects, seeking early feedback from other internal and external stakeholders, as needed.
Review project proformas and provide guidance on project feasibility.
Evaluate funding requests and authorize spending consistent with approved project budgets.
Monitor projects to assess tracking with schedule and budget and assist with addressing material changes to the timeline and/or budget impacts.
Participate in project-related meetings as necessary, including strategy and negotiation sessions, programming meetings, design and construction meetings, community meetings, etc.
Supervise and guide consultant selection process including evaluating fee proposals and finalizing contract terms and conditions.
Review and approve team members’ work product including funding applications, legal documents, financial projections, internal board approval reports, fee projections, etc.
Build and maintain a supportive team environment that fosters skill-building and team development, including developing and implementing ongoing staff training, and growing the team’s knowledge and skills.
Prepare quarterly predevelopment and developer fee projections to support the organization’s financial planning.
Collaborate with Chief Development Officer to review opportunities and assess staffing plans and needs.