Associate Director of Housing Development - Acquisitions
Resources for Community Development
May 19, 2018
Full Time - Experienced
4 Year Degree
RCD is looking for an Associate Director of Acquisitions to help drive the future growth and strategic direction for RCD's development work throughout the East and South Bay regions of the San Francisco Bay Area. This person will be responsible for growing the company's development pipeline, fostering and expanding industry relationships, and expanding the company's impact in increasing the supply of affordable and supportive housing in our region. We are looking for candidates with strong technical skills, an entrepreneurial spirit, and a passion for creative work in affordable housing and real estate development.
ESSENTIAL DUTIES AND RESPONSIBILITIES
I. Responsible for researching and identifying new business opportunities for the creation or preservation of affordable housing in the RCD market area by:
a. Identifying potential project sites through market research, multiple broker relationships, and internal and external networking activities
b. Researching viable funding sources to support new project development opportunities
c. Completing feasibility analysis for potential sites and/or buildings and proposed development programs, including financial, political, entitlements and programmatic analysis.
d. Overseeing the preparation of competitive proposals in response to RFQ/RFPs for development opportunities, as they arise
e. Expanding and fostering relationships with municipalities, advocacy organizations, brokers, land and other developers, and lenders to maintain and expand RCD’s network and new project opportunities
f. Preparing narrative and financial reports for approval by RCD Acquisitions Oversight Committee and RCD Board of Directors
g. Representing RCD and its development work at staff, Council, Supervisor, etc. meetings, as needed
h. Providing a leadership role in expanding RCD’s geographic footprint into new areas of business opportunity
II. Responsible for coordinating all aspects of the acquisition of new properties by:
a. Negotiating with sellers on the sales price and terms of the sale
b. Researching and securing acquisition and pre-development financing to move potential projects into the development pipeline
c. Negotiating all contracts and financing agreements for site control and acquisition
d. Completing due diligence work and manaing all related vendors
e. Managing the closing process and transition of property into RCD ownership and management systems
f. Overseeing preparation and submittal of funding applications, as needed, to for pre-development and acquisition financing.
III. Responsible for leading community engagement work to ensure entitlements and community support are secured for new acquisition opportunities.
a. Overseeing submission and approval of zoning applications and other required city approvals.
b. Lead community outreach and engagement work, including making presentations to community groups, Planning Commissions, Design Review Boards and City Councils, Board Committees, etc.
IV. Assist Housing Development Director in managing the overall direction of the Department by:
a. Assisting with strategic planning efforts within the Department and the organization as a whole.
b. Assisting with the development of policies and procedures to guide the work of the department, increase efficiencies and promote interdepartmental coordination.
c. Representing RCD and participate in external meetings, advocacy work, and marketing efforts to further goals for RCD’s mission
Qualifications: Qualified applicants should have at least five years of progressive experience in affordable housing, finance, and/or real estate. The position requires a strong knowledge of affordable housing real estate development, affordable housing funding programs, real estate finance, and construction.
The applicant should have demonstrated experience and/or abilities in the following areas:
· Strong organizational skills and an ability to juggle, prioritize and delegate in a fast-paced environment
· Demonstrated relationship building experience, and an ability to work collaboratively with the diversity of affordable housing and real estate development stakeholders
· Excellent negotiation skills and experience
· Advanced experience in preparation and analysis of pro forma financial spreadsheets, cash flow projections, and other relevant financial and physical analyses of real estate
· Clear and effective verbal and written communications
· Ability to work with minimal supervision
· An entrepreneurial mindset and an interest in exploring new product types and partnerships
About Resources for Community Development
Resources for Community Development (RCD) is a leading regional nonprofit developer and owner of affordable housing. RCD’s mission is to create and preserve affordable housing for people with the fewest options, to build community and enrich lives. RCD fosters strong, inclusive neighborhoods through strategies that address the health, economic development, education, and housing needs of residents across the community.
Since RCD was established in 1984, our company has developed or preserved over 65 communities that provide affordable, high-quality, and service-enriched affordable rental housing to over 2,300 low-income households throughout the Bay Area. Through a robust pipeline, RCD is actively growing, with over 600 units currently under construction or in development. RCD strives for excellence, and we are seeking an outstanding candidate to join our team.