Project Leader Real Estate Originations

National Church Residences•Cincinnati, OH

10d

About The Position

As the Project Leader, Originations, you will focus on opportunities within their assigned region. You will be accountable for the success of affordable housing projects, third-party deal sourcing in targeted markets, deal underwriting, 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 closing.

Requirements

Bachelor’s degree or equivalent experience.
Minimum of 4 years related experience in a multifamily and/or affordable housing real estate, preferably with Low-Income Housing Tax Credit experience.
Must have excellent communication, comprehension, and interpersonal skills.
Must have the ability to speak, read, write and understand English, as well as the ability to make self-understood.
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 analytical skills, including an understanding of financial models
Collaborative skills, working with diverse internal and external entities to accomplish project goals
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.
Valid driver’s license and able to meet National Church Residences’ motor vehicle policy.

Nice To Haves

preferably with Low-Income Housing Tax Credit experience.

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.
Obtaining 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. Prepares 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. Develop and maintain a thorough knowledge of State Housing Finance guidelines, scoring criteria and regulations.
Identify and pursue project related subordinate (“soft”) funding such as FHLB funds, HOME funds, Housing Trust Funds, etc.
Prepares preliminary financial underwriting for potential new construction projects, substantial renovations and/or acquisitions.
Management and interruption of third-party consultants and reports.
Lead in community stakeholder outreach materials and strategies for new development projects.
Leads the zoning and entitlement process of housing developments.
Supports the preparation and negotiation of business terms of Purchase & Sale Agreements, including Partnership MOU’s.
Represent National Church Residences with various jurisdictional staff (city, county, state, etc.).
Review construction/rehab plans with Construction Management and third-party architects.
Manage critical financial and compliance deliverables by overseeing equity installment triggers, lease-up progress, cost certification and loan conversions.
Drive projects to completion/8609 issuance by coordinating all completion milestones, including and ensuring timely achievement of Pro-Forma lease-up and stabilized occupancy benchmarks and timely issuance of IRS Forms 8609.
Participate in strategic planning efforts for the Development Department.
Utilizing various development department resources, take the lead in tracking and satisfying project related critical path benchmarks such as entitlements, third party reports, design documents and construction approvals.
Provides support and guidance as required by Department leaders in such areas as project presentations for external stakeholders, coordination of internal resources, National Church Residences’ internal investment committee, and others.

Benefits

Medical & Rx – 3 plan options to fit your budget; choose from coverage offered through a Nationwide network for you and your family
Complimented with a Healthcare Flexible Spending Account or Employer funded Health Savings Account
Includes Fertility & Family Building Support, Weight Management, and Chronic Condition Support
Parental Leave paid at 100% for four weeks
Coverage begins first of the month following your date of hire!
Dental & Vision coverage for you and your family with Nationwide providers.
Company provided Life & ADD insurance and Disability coverage.
Supplemental benefits such as Life and AD&D for you and your family, Accident Insurance, Hospital Indemnity, and Critical Illness.
Flexible Spending Accounts for Dependent Care and Transportation & Parking
Well-being Programs including an enhanced EAP with mental health and work-life support, tobacco cessation, and Well-Being Your Way which offers up to $1000/year in rewards & reimbursements!
Retirement Savings Plan offering immediate company funding at 3%, increasing up to 5% over time and an additional company match up to 5% when you contribute your own funds!
Reimbursement for Tuition expenses
Paid Time Off (PTO), 9 paid Holidays and Parental Paid Leave at 100%