Director of Real Estate and Community Development
About The Position
The Director of Real Estate Development reports directly to the Executive Director and leads RuralEdge’s real estate development work to create and maintain affordable housing in Vermont’s Northeast Kingdom. The role also strengthens community relationships and helps position RuralEdge as a resource for the broader community, beyond its tenants. The Director manages the development pipeline, including property acquisition, new construction, rehabilitation, and capital projects. In collaboration with the Director of Property Management, the role manages the asset management plan and helps ensure compliance with funder requirements. The Director also provides monthly and/or bi-weekly reports to the Board of Directors, funders, and other key stakeholders. The position provides leadership and supervision for the Real Estate Development Department, develops project budgets and financing strategies, oversees or manages project work, and represents RuralEdge with community partners and stakeholders. The Director works with minimal supervision and makes key decisions in consultation with the Executive Director and Director of Finance.
Requirements
- Bachelor’s degree or higher in construction management, building and design, finance, business management, project management, or a related field, or multiple years of experience in a related field.
- Excellent written and verbal communication skills.
- Excellent organizational skills and detailed work habits.
- Proficiency with computers, including Microsoft Office Suite.
- Ability to travel for job performance.
- Valid driver’s license, good driving record, and an insured automobile.
Responsibilities
- Direct the organization’s real estate development activities in accordance with strategic plans, including new construction, rehabilitation, and capital projects.
- Lead, supervise, and evaluate Real Estate Development Department staff, and oversee departmental and professional development goals.
- Work with the Executive Director and Board of Directors to evaluate potential acquisitions and expand the RuralEdge portfolio.
- Research funding sources and develop financing strategies for housing development and increased departmental capacity to support community efforts.
- Represent RuralEdge at internal and external meetings with stakeholders and community partners to advance housing opportunities and community partnerships in the Northeast Kingdom.
- Develop pro forma capital development and operating budgets for potential projects.
- Complete project financing applications, including applications to VHFA, VHCB, USDA RD, Northern Borders Funding, AHP, and CDBG.
- Work with external consultants to increase the capacity of the Real Estate Development Department.
- Develop staff knowledge and independence through professional development supervision.
- Supervise or serve as Project Manager for construction meetings, project oversight, and requisitions as needed.
- Maintain a healthy development pipeline and track developer fees and project milestones.
- Work with the Executive Director, Finance Director, and Director of Property Management to evaluate property performance and implement improvements as needed.
- Negotiate partnership deal structures with public agencies and private developers for development components, when applicable.
- Promote RuralEdge to the broader community as needed.
- Provide monthly and/or bi-weekly reports to the Board of Directors, funders, and other key stakeholders.
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What This Job Offers
Job Type
Full-time
Career Level
Director
