Director of Development

Harmony Housing Affordable Development•Raleigh, NC

36d•Onsite

About The Position

Harmony Housing Affordable Development Inc. (“HHAD”) is among the largest real estate developers of affordable rental housing in the United States. Our mission is to positively impact communities by creating and preserving quality affordable housing for low wealth households. HHAD is a wholly owned subsidiary of Harmony Housing, a 501c3 not-for-profit owner and operator of affordable housing. Our fast-growing organization is currently seeking an experienced Director of Development to join the expanding Development team. This individual is responsible for overseeing the strategic direction, planning, and execution of the development and repositioning of USDA financed rural affordable housing projects (“RD”) and our multi-family development portfolio. This leadership role involves leading a development team and ensuring projects are closed on time and within budget. This is a management position, which includes supervisory responsibilities for personnel, collaboration with the executive management team and oversight of deal structuring and terms. This position works in close coordination with HHAD’s Finance, Construction and Executive teams and is based in our Raleigh, North Carolina office, reporting to the Vice President of Development. The Director of Development is responsible for overseeing the strategic direction, planning, and execution of the development and repositioning of USDA-financed rural affordable housing projects and advancement of our multi-family development portfolio. Reporting to the Vice President of Development, this leadership role includes supervising a development team, ensuring projects are completed on time and within budget, and maintaining compliance with affordable housing regulations. The ideal candidate will bring deep expertise in affordable housing, strong leadership and project management skills, and the ability to engage effectively with internal and external stakeholders, including investors, government agencies, and community partners. This position requires a great deal of autonomy and accountability, along with strong experience in critical thinking and problem solving, negotiating, networking, and teamwork.

Requirements

Bachelor’s degree in business, real estate, finance, urban planning, or a related field; a Master’s degree is a plus.
Minimum of 7+ years of progressive professional experience in affordable housing development, real estate investment, or a related field
Management of existing relationships with developers, owners, management agents, and brokers throughout the designated region
Experience reviewing relative property documents (operating statements, rent rolls, audits, loan documents, etc.); ability to process information including gathering, assessing, organizing, auditing, and verifying data
Strong knowledge of affordable housing mechanisms (e.g., programs such as LIHTC and tax-exempt bond financing, FHA mortgage insurance programs, as well as Agency debt products (Fannie, Freddie, USDA), and familiarity with other affordable housing funding programs and compliance regulations
Proven ability to lead complex projects from inception through complete
Demonstrated excellent analytical, problem-solving, and decision-making skills with varying amounts of available information
Ability to recognize and mitigate investment risks; strong negotiation skills
High-energy, accurate, organized, highly detailed, and results-oriented professional with demonstrable ability to successfully manage multiple projects and successfully work under pressure of strict deadlines
Excellent written, oral, and public speaking communication skills with an ability to clearly and concisely express ideas, thoughts, and concepts verbally and in writing to diverse teams
Advanced computer skills (Microsoft Office Suite, Adobe, SharePoint, and SmartSheet and other similar programs
Exceptional customer service and interpersonal skills, with the ability to build and maintain relationships with internal and external stakeholders
Ability to manage daily responsibilities and projects with minimal direction, while also working in close collaboration with a team to provide solutions where needed
Ability to maintain a “big picture” focus while attending to incredibly detailed work and providing thorough documentation
Resourceful, flexible and maintain the ability to react and respond quickly towards positive outcomes
Strong personal standards and values consistent with HHAD’s core values (entrepreneurial, integrity, caring, and excellence
A satisfactory background check will be required as part of the selection process.

Nice To Haves

Master’s degree is a plus.

Responsibilities

Manage the full development lifecycle for multiple projects, ensuring all milestones are met
Oversee project schedules, funding applications, and entitlement processes
Facilitate and document all development-phase meetings effectively
Negotiate purchase and sale agreements, development agreements, and other legal documentation
Identify, secure, and coordinate capital sources, including federal funding, LIHTC, and USDA programs
Ensure compliance with financing and regulatory requirements
Represent the organization in meetings with local and state government officials, planning commissions, and community stakeholders
Build strong relationships with governmental agencies, capital providers, and external partners
Lead community engagement efforts, including public meetings and hearing
Collaborate with internal construction teams and external designers to ensure project goals are met
Manage risk assessment and implement mitigation strategies throughout the development process
Lead and coordinate a development team, fostering a culture of accountability and results-driven performance
Work closely with internal teams across construction, finance, and accounting, ensuring seamless project execution
Report on project progress to executive leadership and key stakeholders