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Sr Director Real Estate Development (Ossining)

Bethesda Lutheran Communities

This is a Full-time position in Ossining, NY posted December 9, 2020.

Sr Director Real Estate Development Virtual Req #1333 Wednesday, September 23, 2020 At Bethesda, people are the heart of everything we do.

Our mission, vision and values reflect a commitment to people.

As an organization, we are aligned, inspired and driven toward a common goal
– believing that together, the best life is possible!

Bethesda is seeking a Sr Director of Real Estate Development (Affordable Housing Development) to create and manage a portfolio of high-density housing communities (3-5 projects/year) that serve the I/DD population and adults aged 55 years and older in single inclusive housing communities throughout the United States.

These real estate developments must be financially sustainable utilizing LIHTC, multiple subsidy layering and competitive loans wherever possible.

In this (remote) position, you have the opportunity to utilize your affordable housing real estate development skills for an innovative large faith-based non-profit who is impacting the Intellectual Developmental Disability I/DD industry in a positive way.

What are we looking for in a candidate?

* Must reside in the Central Region of US for this remote position.* Bachelor s degree in related field preferred or equivalent experience required.* A minimum of 5 to 10 years experience in developing affordable high-density housing including, but not limited to, the LIHTC program, general grant programs, CDBG and other HUD programs, procurement of entitlements, procurement of loans & syndication.* Ability to travel up to 30-35%.* Ability to work and direct outside vendors.* Strong public speaking and presentation skills.* Strong organizational skills and able to multi-task multiple priorities.* Experience with analyzing markets, financial modeling, procuring various subsidies, entitlements, loans and other responsibilities required in the successful development and construction of the Bethesda Cornerstone Village communities.* Experience with LIHTC (4% or 9%), other subsidy layers, donations, HUD loan programs, Real Estate tax-exemption possibilities and/or TIF, and construction costs.* Identify and explore potential markets to develop and build Cornerstone Village Housing Communities.* Analyze QAPs in targeted states identifying where this initiative would have scoring advantages.* Evaluate specific sites for appropriateness and success of a future Cornerstone Village development.* Work with and coordinate all external vendors/partners to assure project success.* Coordinate site control.* Coordinate with third party market analysis companies.* Prepare financial models in Excel.* Identify appropriate subsidy layers (i.e.

FHLB, CDBG, HOME).

Work with internal grant writing specialist to procure grants.* Prepare LIHTC score estimates.* Coordinate with design teams to develop concepts that are financially feasible and appropriate for financial model and markets (i.e unit six, bedroom counts, etc).* Coordinate and work with contractors to develop project cost modeling.* Secure entitlements.* Coordinate and secure syndication activities (prepare RFP to send to multiple syndicators).* Coordinate with design teams to develop schematics that match the project cost model at the* Update financial proformas.* Explore financing options.* Coordinate site due diligence (i.e.

Geotech, utilities, etc).* Supervise activities to ensure LIHTC and loan compliance.* Assist in setting up and rolling out operating systems to ensure lease-up schedule is accomplished through project stabilization.* All other duties assigned.

COR123 Other details * Job Family MANAGEMENT: SENIOR DIRECTOR * Pay Type Salary Associated topics: ad, alumni, business, community, endowment, event, marketplace, media, policies, product market

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