Real Estate Development Manager

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Job description

Position Summary

GSECDC is seeking a qualified candidate for the Real Estate Development Manager (REDM) position in the field of affordable housing development. The REDM will assist the Director of Housing and Community Development with meeting the production goals of the organization including new construction or rehab for home ownership, special needs housing and rentals that serve mixed income populations. The REDM will also assist the Director in business development.

Principal Duties and Responsibilities

· Responsible for overseeing the rehabilitation of abandoned properties and new construction of single and multifamily housing.

· Identify potential sites for development, secure site control and oversee the acquisition process.

· Assist in the development of project concepts, financial structuring and feasibility analysis.

· Meet with stakeholders and raise support for projects

· Help secure and close financing for each phase of development including predevelopment, construction and permanent financing.

· Create and manage project budgets, cash flows, and timelines

· Assemble, coordinate, and manage the development team to fast track projects from concept to construction.

· Oversee day-to-day activities during construction including job meetings, troubleshooting issues/change orders, and managing the requisition process as well as regular site inspections.

· Responsible for meeting compliance and reporting requirements of funders.

· Assist with developing marketing strategies and assist other team members in the rent-up/sales process.

· Other duties assigned by the Director of Housing and Community Development

Requirements and Skills

Minimum 5 years of experience in affordable housing, real estate development or real estate finance. Previous experience with the development of subsidized housing is preferable. Familiarity with locate, state and federal subsidy programs is desirable. Understanding of the real estate development process and finance is required. Strong communications and writing skills required. Must have ability to plan, multitask, and make sure team members achieve milestones in a timeline fashion. Computer literacy required. Strong proficiency with MS Excel and budgeting necessary. College degree required preferably in Urban Planning, Urban Studies, Community Development, Finance, Management or related field. A valid Driver's license is required and driving to sites and other meetings is required. Must be thoughtful and able to work with others. Must be dedicated, open minded, eager to learn and grow.

Compensation

Competitive salary based on experience. Competitive benefits package, including employer-paid medical insurance, dental plan, pension plan, life insurance, and 3 weeks' vacation. Interested candidates should email their resume with cover letter to John Restrepo, Director of Housing and Community Development via email at . No phone calls please.

About GSECDC

GSCDC is a nonprofit leader in the community development and affordable housing industry in the State of New Jersey. To date, we completed over 300 housing units by redeveloping over 100 abandoned sites. Our goal is to increase the supply of affordable housing for low and moderate-income populations in high cost markets and to reduce the number of abandoned property in target areas. The REDM will join a team of housing and community development professionals that are dedicated to improving distressed and underserved communities.

GSECDC is an equal opportunity employer and encourages applications from minority candidates.