Director of Real Estate Development
LHH Recruitment Solutions is currently seeking a Director of Real Estate Development with at least 5 years of experience working in a similar role. This is a Direct Hire opportunity within the Non-Profit industry, located in Danbury, CT.
Responsibilities:
- Develop and implement long-term capital improvement strategies focused on the rehabilitation, modernization, and long-term sustainability of affordable housing properties.
- Lead federal capital funding initiatives, including the development and submission of multi-year and annual capital plans.
- Oversee state-funded capital improvement programs, evaluating property needs and aligning projects with applicable housing agency requirements and funding standards.
- Set priorities across project teams, determine staffing and resource needs, and provide oversight to senior project management staff to ensure assignments, deadlines, and project objectives are achieved.
- Monitor project budgets, schedules, construction progress, and overall risk, implementing corrective measures and escalating significant concerns when necessary.
- Guide the development of architectural and engineering specifications, construction drawings, scopes of work, and bid packages for major property improvements.
- Evaluate prospective development and redevelopment opportunities based on financial viability, site capacity, zoning requirements, and overall development potential.
- Develop and execute complex financing strategies utilizing tools such as Low-Income Housing Tax Credits (LIHTC), state housing programs, project-based rental assistance, and conventional/private financing.
- Manage major portfolio repositioning and redevelopment initiatives involving federal housing programs, including RAD conversions and Section 18 disposition or redevelopment strategies.
- Lead competitive procurement processes for construction firms, architects, engineers, legal advisors, and other professional service providers.
- Ensure projects meet applicable federal and state contracting, labor, wage, and economic opportunity requirements, including prevailing wage and Section 3 requirements.
- Review and oversee construction change orders, contractor payment applications, contract modifications, and project closeout or settlement recommendations.
- Maintain relationships with federal, state, and local housing and regulatory agencies, coordinating approvals, funding requirements, and project-related matters throughout the development lifecycle.
Qualifications:
- 5-7 years of experience in public housing modernization, community development, or multi-family real estate development
- Proven capability in multi-layered real estate modeling, utilizing LIHTC configurations, state grants, and conventional commercial mortgages.
- Strong background navigating public bidding parameters under federal 2 CFR 200 standards and state public bidding laws.
Work Site: On Site
Schedule: 7:45 a.m. to 5:30 p.m., Monday - Thursday, Full-time (35 hours, 4 days/week)
Salary: $120,000-130,000/yr
Pay Details: $120,000.00 to $130,000.00 per year
Search managed by: Patrick Garron
Equal Opportunity Employer/Veterans/Disabled
Military connected talent encouraged to apply
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The Company will consider qualified applicants with arrest and conviction records in accordance with federal, state, and local laws and/or security clearance requirements, including, as applicable:
- The California Fair Chance Act
- Los Angeles City Fair Chance Ordinance
- Los Angeles County Fair Chance Ordinance for Employers
- San Francisco Fair Chance Ordinance
Massachusetts Candidates Only: It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.