Project Leader Real Estate Originations

About the Role

As the Project Leader, Originations, you will focus on opportunities within your assigned region. You will be accountable for the success of affordable housing projects, including third-party deal sourcing in targeted markets, deal underwriting, preliminary deal evaluation, negotiation of purchases and related documents, procurement of financing, management of third-party consultants, and coordination of internal resources to facilitate successful closings.

Responsibilities

• Identify, pursue, and submit tax credit, bond, subordinate (FHLB, HOME, etc.), and lender applications to develop affordable housing communities.
• Submit multiple tax credit applications each year and close multiple tax credit transactions annually.
• Secure not less than two revenue-producing projects per year (9% awards, 4% awards, acquisition projects, and/or third-party management contracts).
• Identify and analyze new and existing senior housing development opportunities.
• Prepare reports on market investigation, comparable sales analysis, competitor evaluation, and demographic research.
• Build and maintain relationships with State Housing Finance Agencies, affordable housing owners, developers, brokers, and other stakeholders.
• Develop and maintain thorough knowledge of State Housing Finance guidelines, scoring criteria, and regulations.
• Identify and pursue project-related subordinate ("soft") funding such as FHLB funds, HOME funds, and Housing Trust Funds.
• Prepare preliminary financial underwriting for potential new construction projects, substantial renovations, and/or acquisitions.
• Manage and interpret third-party consultants and reports.
• Lead community stakeholder outreach materials and strategies for new development projects.
• Lead the zoning and entitlement process for housing developments.
• Support the preparation and negotiation of business terms for Purchase & Sale Agreements, including Partnership MOUs.
• Represent National Church Residences with various jurisdictional staff (city, county, state, etc.).
• Review construction/rehab plans with Construction Management and third-party architects.
• Manage critical financial and compliance deliverables by overseeing equity installment triggers, lease-up progress, cost certification, and loan conversions.
• Drive projects to completion/8609 issuance by coordinating all completion milestones, ensuring timely achievement of Pro-Forma lease-up and stabilized occupancy benchmarks, and timely issuance of IRS Forms 8609.
• Participate in strategic planning efforts for the Development Department.
• Track and satisfy project-related critical path benchmarks such as entitlements, third-party reports, design documents, and construction approvals.
• Provide support and guidance to Department leaders in areas such as project presentations for external stakeholders, coordination of internal resources, and National Church Residences’ internal investment committee.
• Demonstrate and maintain a positive, professional manner, manage time efficiently, and promote a team approach.
• Adhere to all policies, procedures, and terms set forth in the Employee Information Guide, Code of Conduct, and facility handbooks.
• Ensure all care is provided with respect and dignity for residents/clients, their families, and staff.
• Report complaints, allegations of abuse, misappropriation of funds, or other compliance-related issues.
• Complete all annual education requirements, including Compliance, Privacy, Security, and HIPAA training.
• Perform other duties as assigned.

Requirements

• Bachelor’s degree or equivalent experience.
• Minimum of 4 years of related experience in multifamily and/or affordable housing real estate, preferably with Low-Income Housing Tax Credit experience.
• Excellent communication, comprehension, and interpersonal skills.
• Ability to speak, read, write, and understand English, and make self understood.
• Proficient in Excel and other Microsoft Office suite products, with a willingness to learn new technology.
• Ability to manage multiple affordable housing projects in various development stages.
• Demonstrated ability to take ownership of projects and analytical skills.
• Understanding of affordable housing fundamentals, financing, market dynamics, and economic and demographic drivers.
• Direct experience with tax credits, FHA mortgage programs, tax-exempt bonds, Section 8, and other sources of affordable housing financing.
• Excellent written and verbal communication skills, as well as networking skills.
• Collaborative skills, working with diverse internal and external entities to accomplish project goals.
• Ability to multitask and meet simultaneous deadlines.
• Negotiation skills.
• Willingness to travel up to 25%.
• Valid driver’s license and ability to meet National Church Residences’ motor vehicle policy.

Benefits

• Medical & Rx – 3 plan options with Nationwide network coverage for you and your family, including a Healthcare Flexible Spending Account or Employer-funded Health Savings Account.
• Fertility & Family Building Support, Weight Management, and Chronic Condition Support.
• Parental Leave paid at 100% for four weeks; coverage begins the first of the month following your date of hire.
• Dental & Vision coverage for you and your family with Nationwide providers.
• Company-provided Life & ADD insurance and Disability coverage.
• Supplemental benefits such as Life and AD&D for you and your family, Accident Insurance, Hospital Indemnity, and Critical Illness.
• Flexible Spending Accounts for Dependent Care and Transportation & Parking.
• Well-being Programs including an enhanced EAP with mental health and work-life support, tobacco cessation, and Well-Being Your Way (up to $1000/year in rewards & reimbursements).
• Retirement Savings Plan with immediate company funding at 3%, increasing up to 5% over time, and an additional company match up to 5% when you contribute.
• Reimbursement for Tuition expenses.
• Paid Time Off (PTO), 9 paid Holidays, and Parental Paid Leave at 100%.