Director of Housing/Real Estate Development (PM21)

ABOUT APM

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GENERAL SUMMARY

Housing Development

• Manage all phases of development for construction projects including reviewing feasibility analysis, obtaining local approvals, developing and maintaining proformas, and managing the design and construction phases.
• Facilitates development partnerships among community residents, community-based organizations, and local jurisdictions.
• Conduct all physical, financial and operational due diligence on properties during feasibility, acquisition and pre-development phases.
• Prepare financing applications to public and private sources such as: Federal HOME, CDBG, HOPWA, HUD (SHP and McKinney), State/HFA’s (RACP, DCED, Penn HOMES, LIHTC 4% and 9%, Bond Financing, PHARE, Reclaim, Special Initiatives, and 811), Commerce, NMTC, FHLB, and various private foundations.
• Coordinate pre-development and development activities including but not limited to:
• Lender relationships
• Legal documents
• Financial planning including development and operating budgets with multiple sources
• Construction documents
• Ongoing management of project financials
• Monitor and track construction progress and cost to ensure timely project completion.
• Identify and manage qualified architects, engineers, environmental firms, contractors and other professionals as needed.
• Coordinate marketing and lease up process and transition to stabilizes operations, working with internal departments (asset management, property management, fiscal, and resident programs) before, during, and after construction to ensure smooth tenant relations and transition to operations.
• Research and suggest new methods of financing and structuring of housing and other community development activities including open space and community facilities.
• Appropriately interface with government and financial entities pertaining to development including but not limited to banks, funders, lenders, City Council, Office of Housing and Community Development, Redevelopment Authority, Housing Finance Agencies, PA Office of Budget, and Department of Housing and Urban Development.
• Oversee Compliance with City, State and Federal oversight agencies and with private investors/lenders.
• Coordinate responses to Request for Proposals and Request for Qualifications.
• Acquire properties from public agencies as well as from the private market.

External Relations

• Represent APM at stakeholder meetings, including industry events, local boards, advocacy organizations, and other important partnerships.
• Represent the department and APM to elected officials and outside agencies.
• Negotiate and resolve significant and controversial issues with various partners and stakeholders.

Leadership and Administration

• Train, motivate, and direct department personnel, including performance monitoring.
• Develop and monitor the department annual budget.
• Implement annual strategic goals of the Housing Development Department.
• Prepare board reports for both the APM Board of Directors and the affiliate nonprofit corporations’ boards of directors
• Establish and implement standard operating procedures for the Housing Development Department, including but not limited to design standards, data retention, and interdepartmental coordination.
• Provide regular reporting on department activities to APM senior leadership

BENEFITS

• Health Insurance through Independence Administrators or $100/moth reimbursement with proof of current insurance
• Vision and Dental Plans through SunLife
• Basic Life Insurance (100% Employer Funded)
• 403B Retirement Plan with Company Contribution
• Flexible Spending Accounts for Health, Childcare, and Public Transportation expenses
• Employee Assistance Program including free counseling, trainings, webinars, and other resources
• Could be eligible for the Public Service Loan Forgiveness Program as APM is a non-profit
• Voluntary Plans include Accident, Critical Illness, and Hospital Indemnity
• Short-term and Long-term Disabilities
• Employee Referral Program
• 20 Days of Paid Time Off include Illness, Vacation, Appointments, and Emergencies
• 12 Days of Paid Holidays

• EDUCATION: Master’s Degree in business, finance, real estate or planning 
• EXPERIENCE: Minimum of 10 years in affordable housing development, as well as training in underwriting, financial feasibility and analysis, government programs for real estate financing, knowledge and preferably experience with the Philadelphia development community, government agencies, and financial institutions.
• Knowledge of construction and property management processes.
• Must have proven ability to manage multiple real estate development projects simultaneously, to lead teams of internal staff and external consultants, and to effectively solve problems of variety of issues that may occur during the real estate development process.
• Highly developed written and oral communication skills, including preparation of reports, briefing papers, and correspondence.
• Excellent organizational coordination, problem-solving, and time management skills, including the planning and managing of multiple projects.
• Ability to be proactive and capable of resolving complex problems expeditiously.
• Comfort in working in a team capacity.