Director of Acquisitions

## Director of Acquisitions Apply locations:
North Carolina - Remote time type:
Full time posted on:
Posted Yesterday job requisition :
JR0000055

Harmony Housing Affordable Development Inc. (“HHAD”) is among the largest real estate developers of affordable rental housing in the United States. Our mission is to positively impact communities by creating and preserving quality affordable housing for low wealth households. HHAD is a wholly owned subsidiary of Harmony Housing, a 501c3 not-for-profit owner and operator of affordable housing.

Our fast-growing organization is currently seeking an experienced
** Director of Acquisitions
** to join the expanding
** Business Development team**. This individual will play a pivotal role in identifying, securing, and developing new affordable housing projects within target markets, while also leading business development efforts to expand the company’s portfolio. The ideal candidate will have strong knowledge of affordable housing finance, development processes, and a proven track record of forging new business relationships within the real estate development and housing sectors.

This role is ideal for a proactive, entrepreneurial-minded individual who is passionate about making a positive impact through affordable housing development. This position works in close coordination with HHAD’s Execution and Executive teams, , reporting to the Executive Vice President.

The Director of Acquisitions will be responsible for building and maintaining a pipeline of feasible affordable housing development opportunities that align with HHAD’s strategic plan. The Director of Acquisitions will lead the sourcing, underwriting, and initial execution of affordable housing development opportunities, with a primary focus on projects utilizing 4% and 9% Low-Income Housing Tax Credits (LIHTC). This role is responsible for originating both acquisition-rehabilitation and ground-up development deals, advancing them through site control, and transitioning approved projects to the development execution team.

The Director of Acquisitions will manage all aspects of originating opportunities, preparing initial business plans, financial feasibility analyses, from generating leads to signing up new opportunities, while ensuring compliance with affordable housing regulations. This role requires a deep understanding of the affordable housing sector, strong sales and negotiation skills, and the ability to liaise with various stakeholders including potential clients, buyers and sellers, investors and government agencies.

This position requires a great deal of autonomy and accountability, along with strong experience in critical thinking and problem solving, negotiating, networking, and teamwork.
*
* Primary Duties and Responsibilities:

**
* ** Deal Origination & Pipeline Development:
*** Source new affordable housing development opportunities, including acquisition-rehabilitation and new construction projects within a defined set of target states, including, but not limited to:
Florida, Georgia, Texas, Indiana, and Ohio.
* Conduct in-depth market analysis to identify areas of growth and target opportunities for affordable housing development.
* Identify and evaluate potential development sites through direct outreach to owners, broker relationships, and market research.
* Cultivate and maintain strategic relationships with key stakeholders including owners, nonprofit organizations, real estate brokers, government agencies, lenders, and investors to source new development opportunities.
* Lead efforts to evaluate RFP / RFQ opportunities and prepare comprehensive, detailed responses; attend and participate in interviews for RFP / RFQ opportunities.
* Maintain and update HHAD’s Origination Pipeline report,…