Enterprise Community Development
non-profit
AssociateDirector,RealEstateDevelopment
Neural analysis suggests this role is
optimal for Mid candidates.
“Associate Director, Real Estate Development at Enterprise Community Development. Skills: Real Estate Development, Affordable Housing, Financial Analysis, Project Management. Analyze potential properties to purchase. Produce proformas and create written project documents”
What You'll Achieve.
Achieving the objectives for each active development; Meet or exceed lease-up goals; Ensure balanced sources and uses; Achievement of ECD revenue goals; Ensure all financing and government regulations are met; Obtain required approvals
Industry & Context.
Problem-solving approach
What They're Looking For.
Must Have
Bachelor’s degree, 5 - 7 years of multifamily development experience, Experience with all aspects of the real estate development process, from acquisition and financing through design and construction to stabilization, Experience with complex, multi-layered real estate financing, Knowledge of land use, public financing and real estate development regulations, Comfortable with public speaking and community presentations, Experience managing developments under deadlines that required the organizing of multiple tasks and objectives, Skills and experience in negotiating acquisitions and financing commitments, Proficiency with Word and Excel, Good decision-making skills, Sound judgment, Problem-solving approach, Ability to take initiative and with confidence
Nice to Have
MBA/MS, MURP/MCP or similar preferred, at least 3+ years of affordable rental housing development experience preferred, preferably with the Federal Low Income Housing Tax Credit Program and affordable housing loan products, Proficiency with MS Project and PowerPoint is preferred
What You'll Do.
Analyze potential properties to purchase
Produce proformas and create written project documents
Coordinate due diligence activities
Analyze the rental sub-market
Support geographic expansion into new regions
Prepare responses to requests for proposals
Manage preparation of debt and equity financing applications
Prepare development budgets and pro forma operating budgets
Manage the development budget
Coordinate and present at resident and community meetings
Manage the entitlement/zoning and permitting processes
Review and negotiate draft loan and partnership documents
Manage the financial closing on each assigned
Coordinate with federal
state and local government agencies
Manage and maintain development schedules
Coordinate the work of professional consultants
Schedule development team meetings
Review consultant reports
Work closely with design and construction management staff
Generate and refine development plans
Coordinate construction matters
Complete construction on budget and schedule
Monitor marketing lease-up process
Oversee timely completion of close-out process
Prepare quarterly updates and Board approval materials
Participate in industry associations and forums
Perform all other duties as assigned
How You'll Work.
Team & Collaboration
Collaborate with colleagues including other real estate development staff and ECD Land Acquisition, Design & Construction Management, Accounting and Asset Management staff; Collaborate with third-party consultants such as legal and design professionals; Work with team members to prepare responses to requests for proposals; Work closely with ECD or third-party design and construction management staff; Work closely with third-party design professionals and general contractors; Coordinate the work of professional consultants comprising the development team; Schedule development team meetings
Communication Scope
Public speaking; Community presentations
Process & Methodology
Manage developments under deadlines, Organizing of multiple tasks and objectives, Manage and maintain development schedules, Ensure timely completion of development milestones
Full Job Description
Enterprise is a national nonprofit that exists to make a good home possible for the millions of families without one. We support community development organizations on the ground, aggregate and invest capital for impact, advance housing policy at every level of government, and build and manage communities ourselves. Since 1982, we have invested $92.0 billion and created 1.1 million homes across all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands – all to make home and community places of pride, power and belonging. Join us at enterprisecommunity.org **Working at Enterprise** At Enterprise, you’ll be part of a diverse, committed team making a difference every day. You will collaborate with some of the smartest minds and biggest hearts in our field. You’ll be empowered to drive systems change and take bold steps to advance racial equity. And you will find a career home where you’re valued and supported in your growth journey. Enterprise offers career opportunities in our [offices across the country](https://www.enterprisecommunity.org/about/where-we-work) with an [exceptional benefits package](https://www.enterprisecommunity.org/careers/benefits). **_Job Description Summary_** Enterprise Community Development (ECD) is a leading affordable housing developer in the Mid-Atlantic Region and among the largest non-profit owners of affordable housing in the country. The company’s business units include its property management team of more than 400 professionals, and a real estate development team that reaches from southern Pennsylvania to southern Virginia. In order to support our residents in their efforts to build resilience and upward mobility, many properties owned and operated by ECD include robust resident services. Enterprise is committed to the success and development of all of its employees and the residents who choose to make their home at an Enterprise Community Development asset managed by Enterprise Residential. What makes Enterprise
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