Real Estate Development Manager

SUMMARY
This is a mid-senior level position that reports to the Sr. Development Director in the Real Estate Development Department. The Real Estate Development Manager will play a key role in planning, managing, and executing affordable housing and mixed-income real estate development projects for the Detroit Housing Commission (DHC). This position manages development initiatives from concept through completion, including new construction, substantial rehabilitation, and repositioning of existing public housing assets.

The desired candidate is extremely organized and has a robust understanding of real estate development processes included but not limited to rehabilitation, entitlements, predevelopment, environmental mitigation, public financing, and construction management. Experience or knowledge of urban planning, community development, public-private partnerships, or related subject matter is a plus. The desired candidate is a self-starter, with experience working in fast-paced environments.

Duties include but are not limited to project management, disposition strategy, budget preparation, attending community meetings, making recommendations to leadership, overseeing financial proposals and funding applications,promoting and monitoring program compliance with regulations, budgets and schedules.

EDUCATIONAL REQUIREMENTS

Bachelor’s degree in urban planning, Public Administration, Real Estate Development, Finance, or related field required. Master’s degree preferred.

EXPERIENCE REQUIREMENTS

A minimum of 5 years of progressive experience in affordable or mixed-income housing development.
A minimum of 5 years of progressively responsible experience in planning, community development, grant administration, or project management
A minimum of 5 years of managing large-scale mixed-finance and mixed-use development also may be substituted for aMaster’s degree.
Demonstrated experience with public housing, LIHTC, RAD, or HUD development programs is strongly preferred.
Familiarity with Michigan State Housing Development Authority (MSHDA) financing and City of Detroit permitting processes is a plus.

OTHER REQUIREMENTS

Must have or be able to acquire a valid state driver’s license
Must pass federal, state, and local criminal investigation clearances, and pass a drug screening test administered by the Commission or its designated provider
Must be insurable under the agency’s insurance policy
Must be bondable and insurable
Must be capable of obtaining Federal, State of Michigan and City of Detroit Police Department criminal investigation clearances
Must be willing to work traditional and non-traditional or weekend hours as required

KNOWLEDGE

Knowledge of real estate development processes from concept to construction
Knowledge of budgeting, project management
Knowledge of real estate finance, pro forma modeling, and layered financing structures.
Knowledge of local and state housing and community development policies
Knowledge of public financing tools and regulatory guidelines
Knowledge of affordable or public housing
Knowledge of the principles and practices of accounting, budgeting and budget administration
Knowledge of report preparation techniques
Knowledge of training methods for all levels of personnel, related to departmental initiatives
Knowledge of organizational structure, workflow, and institutional procedures
Knowledge of strategic planning and organizational development techniques
Knowledge of and participation in contract negotiations
Knowledge of basic office practices, procedures, and equipment
Knowledge of HUD rules and regulations that apply to property management:
Fair Housing Laws, Michigan Real Estate Landlord-Tenant Law, OSHA Standards, Local and State Building Codes
Knowledge of HUD regulations and guidelines relating to Housing Quality Standards (HQS) and State and Local building and occupancy laws or regulation

REQUIRED SKILLS

Independent, self-starter
Analytical thinker
Attention to detail
Strong written and verbal communication
Operates with compassion for residents and leads with empathy
Solution-oriented
Ability to manage multiple projects
Strong organizational skills
Think creatively
Relationship-building
Public-speaking
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