Development Coordinator - Affordable Housing Mid-Atlantic / Southeast

Description:

This Development Coordinator will be a fully remote position and preferred residence will be in VA, MD, NC or SC.

OVERVIEW

Responsible for assisting with the profitable implementation of multi-state affordable low-income housing developments, principally financed utilizing Low Income Tax Credit (LIHTC), from inception to certificate of occupancy. Seeking a Development Coordinator with experience in the planning, real estate development, or financial industry.

RESPONSIBILITIES

Working with the Development Team, coordinate development activities across a pipeline of projects in multiple states in the Mid-Atlantic and Southeast from due diligence, application, construction, and conversion:

• Submit funding applications, including Low Income Housing Tax Credits, FHLB, and other applicable Federal, State and Local funding resources.
• Conduct project financial feasibility analysis.
• Maintain project budget, complete sources and uses and monthly update of project cost to complete.
• Assist VP of Development in obtaining local municipal project approvals. Limited, multi-state travel required and evening appointments for local approvals.
• Direct and coordinate third party design professionals (i.e. architects, engineers) to include design review, adhering to the Conifer building outline specifications.
• Coordinate completion of third-party Market Studies, Appraisals, and other studies.
• Review and coordinate approval of third-party contracts and billings.
• Assist in pre-syndication, equity, construction loan and permanent loan closings.
• Communicate, coordinate and follow through on development details with Construction, Property Management, Legal, Accounting and Insurance Departments.
• Represent the owner at construction meetings and resolve issues related to design implementation, schedule, local permits, third party professional’s responsibilities and draw reviews. Approve hard cost draws.
• Assist in preparation of soft cost draws and submission of hard and soft cost draws to funders.
• Review and recommend approval of construction change orders.
• Determine all regulatory requirements for the issuance of C of O from the local municipality and direct the contractor and third-party professional to complete their required roles in the process.
• Oversee preparation of the construction punch list and ensure work completion.
• Assist preparing final job cost for 8609 issuance and regulatory agreement filings.

Requirements:

EXPERIENCE

• Prior 3+ years in the following fields or combination of experience in planning, real estate development, or financial industry preferred.
• Affordable housing industry experience strongly preferred.
• Project management experience required; ability to create, develop projects through to completion.
• Strong writing and presentation skills for presenting projects to community, company leaders.
• Proficient computer skills including MS Office Suite (Word, Excel, PowerPoint, Outlook).
• Dealpath and Yardi Voyager experience preferred.
• Strong math/finance aptitude; prior underwriting or budgeting experience preferred.

EDUCATION/TRAINING

Degree: Bachelor’s degree required, with a major in business or planning preferred.

Minimum High School diploma/GED equivalent required.