Project Leader, Affordable Housing Development (Hybrid)

National Church Residences • Cincinnati, OH

91d

About The Position

The Project Leader will focus on opportunities in the Midwest, with a focus on Ohio. The Project Leader will be accountable for the success of each assigned affordable housing project including deal sourcing in targeted markets, preliminary deal evaluation, negotiation of purchases and related documents, procurement of financing, management of third-party consultants, and coordination of internal resources to facilitate a successful financial closing and closeout. The Project Leader must have initiative, be an effective communicator and have excellent organizational skills. The position reports to the Vice President, Affordable Housing who manages and directs the team toward excellence. We are seeking candidates based in Southern Ohio. This role offers flexibility with remote or hybrid work arrangements, with the expectation of periodic in-person meetings at our Columbus headquarters, as determined in collaboration with the supervisor. The Project Leader will be a part of the Development Department at National Church Residences. National Church Residences is the nation’s largest not-for-profit developer and manager of affordable senior housing with 300+ properties in 23 states. The Development Department applies its 40 plus years of property development credentials to initiate, construct, acquire and expand the nation’s senior affordable housing supply.

Requirements

• Bachelor’s Degree preferred.
• 2-5 years of experience in multifamily and/or affordable housing real estate, preferably with Low-Income Housing Tax Credit experience.
• Valid driver’s license and able to meet National Church Residences’ motor vehicle policy.
• Proficient in Excel and other Microsoft office suite products, with a willingness to learn new forms of technology.
• Ability to manage multiple affordable housing projects in various development stages with assistance of supervisor.
• Demonstrated ability to take ownership of projects.
• Demonstrated analytical skills.
• Understanding of affordable housing fundamentals, financing, market dynamics, and economic and demographic drivers.
• Direct experience with tax credits, FHA mortgage programs, tax-exempt bonds, Section 8, and other sources of affordable housing financing.
• Excellent written and verbal communication skills.
• Excellent networking skills.
• Demonstrated ability for multi-tasking and meeting simultaneous deadlines.
• Negotiation skills.
• Ability to travel on a regular basis.
• Demonstrates and maintains a positive, professional manner, manages time efficiently and effectively, promotes a team approach, participates in appropriate problem-solving methods.

Responsibilities

• Identify, pursue and submit tax credit, bond, subordinate (FHLB, HOME, etc.) and lender applications to develop affordable housing communities.
• Submit multiple tax credit applications each year.
• Close multiple tax credit transactions per year.
• Obtain not less than two revenue producing projects per year (9% awards and/or, 4% awards, acquisition projects, and/or third party management contracts).
• Identify and analyze new and existing senior housing development opportunities.
• Prepare reports on topics including market investigation, comparable sales analysis, competitor evaluation and demographic research.
• Actively involved in relationship building and policy-shaping with State Housing Finance Agencies, affordable housing owners, developers, brokers and others as needed.
• Prepare preliminary financial underwritten for potential new construction projects, substantial renovations and/or acquisitions.
• Manage and interrupt third-party consultants and reports.
• Lead in community stakeholder outreach materials and strategies for new development projects.
• Lead the zoning and entitlement process of housing development.
• Support the preparation and negotiation of business terms of Purchase & Sale Agreements.
• Represent National Church Residences with various jurisdictional staff (city, county, state, etc.).
• Review construction/rehab plans with Construction Management and third-party architects.
• Participate in strategic planning efforts for the Development Department.
• Track and satisfy project related critical path benchmarks such as entitlements, third party reports, design documents and construction approvals.
• Provide support and guidance as required by Department leaders in project presentations for external stakeholders, coordination of internal resources, National Church Residences’ internal investment committee, and others.
• Adhere to all policies, procedures, terms and conditions set forth in the National Church Residences Employee Information Guide (EIG) as well as any facility handbook including but not limited to corporate compliance, drug free workplace, safe work practices, all federal, state, local regulations and laws.

What This Job Offers

• Career Level: Mid Level
• Education Level: Bachelor's degree
• Number of Employees: 1,001-5,000 employees