Development Associate - Operations

Description THE ANNEX GROUP’S MISSION STATEMENT:

To create a positive impact with the people who live, work and are involved in our communities.

Full Time, Exempt

Director of Development

Support Director of Development in the management of the full development lifecycle of a multi-family housing development project from site due diligence, entitlements, financial closing, and the successful handover to construction and the property management team.

• Assist Development Director as needed to ensure project success.
• Assist in preparation of presentations for internal investment committee meetings.
• Assist in preparation of tax credit applications.
• Assist in producing site plans, renderings, reports, project commitments, and final submissions.
• Attend municipal hearings and other project site meetings, as necessary, related to entitlements, permits, etc.
• Attending conferences to network with industry peers.
• Budget and invoice tracking for predevelopment expenses.
• Collaborate with local, state, and federal entities to ensure projects fulfill all relevant standards required for closing and compliance with commitments.
• Complete understanding of prospective project ‘deal book’ which is the investment thesis for all prospective projects with supporting data.
• Be able to collaborate with internal and external team members effectively.
• Contract drafting for consultants and vendors.
• Coordinate, review, and comment on entitlement, permits, approvals, and design due diligence, along with related vendor contracts, with General Counsel.
• Help coordinate, reconcile, and implement design commitments with financial partners, municipalities, neighborhoods, and design guidelines.
• Manage selected vendors to coordinate due diligence on site.
• Monitor deadlines and approvals, addressing any issues during the entitlement and permitting process.
• Obtain proposals for due diligence vendors for each project and make recommendation(s) to the team.
• Assist with any 3rd party reports needed for tax credit applications, including site assessments, environmental studies, zoning determinations, utility checks, market studies, appraisals, surveys, and geotechnical reports.
• Participate in all phases of architectural and engineering design.
• Provide weekly project updates to the Director of Development and participate in team updates and discussions.
• Be familiar with qualified allocation plans for underwriting standards and design criteria for new LIHTC projects.
• Support Development Director in presenting prospective projects to the Investment Committee for approval.

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Ability to effectively communicate (oral and written) with both internal and external customers.
• Ability to prioritize, organize, and multi-task.
• Ability to work with minimal supervision.
• Articulate, professional oral and written communication skills.
• Bachelor's degree required – preference for a focus in Finance, Real Estate, Urban Planning, Engineering, Construction, Architecture, or a related field.
• Excellent communication and interpersonal skills.
• 3 years’ experience in real estate development or LIHTC preferred.
• Experience in the creation of proformas with Microsoft Excel.
• Must have exceptional attention to detail.
• Needs to have excellent relationship-building skills.
• Professional appearance and demeanor.
• Self-motivated, adaptable, and dependable, with a focus on customer service.
• Strong problem-solving skills and analytical abilities.
• Strong work ethic and a positive attitude.
• Travel up to 20%.
• Working knowledge of email and MS Office software programs necessary.

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable…