Capital Fund Development Director-Mobile, AL

About the role

The Mobile Housing Board is a Public Housing Authority in Mobile, Alabama. Seeking a Capital Fund & Development Director to manage real estate development, rehabilitation, and redevelopment programs, as well as other federal, state, and locally assisted programs.

Responsibilities

• Provide strategic management, coordination, planning, and operational leadership for real estate development, rehabilitation, and redevelopment programs.
• Plan, manage, and monitor the Capital Fund Program.
• Direct and coordinate development and redevelopment activities for MHB in compliance with federal, state, and local regulations.
• Implement and manage a full scope of development projects.
• Research and recommend financial real estate development strategies using various strategic avenues of opportunity, including mixed finance, low income housing tax credits, revenue bonds, private mortgage financing, and other financing approaches.
• Develop concepts and plans for the full development and/or dispositions of MHB owned sites.
• Coordinate and manage the process from application to completion.
• Exercise supervision over others as assigned.

Requirements

• Thorough knowledge of federal, state, and local laws pertaining to real estate, mortgage lending, underwriting, and appraisals.
• Comprehensive knowledge of HUD guidelines related to Mixed Finance Housing, Capital Fund, procurement, Rental Assistance Demonstration, and other programs related to development, redevelopment, and rehabilitation.
• Thorough knowledge of the principles, procedures, regulations, and methods of property acquisition and disposition.
• Thorough knowledge of current housing development and redevelopment needs and requirements.
• Thorough knowledge of current construction and associated costs, rental rates, operating expenses, and financial requirements of federal and state assisted housing, budget preparation and administration as it pertains to public housing development, redevelopment, and rehabilitation.
• Comprehensive knowledge of RAD and LIHTC programs are highly desired.

Qualifications

• A bachelor’s degree from a recognized college or university in finance, real estate, construction management, or a closely related field, preferably supplemented by a master’s degree.
• A minimum of five years’ managerial and supervisory experience in real estate development, acquisition, mixed-finance development, asset management, and design and construction of multi-family housing and properties.

Skills

• Strategic planning and management skills.
• Knowledge of federal, state, and local real estate laws and regulations.
• Experience with mixed finance, low income housing tax credits, revenue bonds, and private mortgage financing.
• Ability to develop and implement financial real estate development strategies.
• Experience with property acquisition and disposition processes.
• Strong organizational and supervisory skills.

Benefits

• Equal Opportunity Employer.

Pay

• Starting salary range is from $71k to $89k based on qualifications and experience.

Schedule

• Not specified.