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Affordable Housing Property Director

  • Full Time
  • Raleigh, North Carolina
  • $70,000.00-$75,000.00 USD / Year
  • Salary: $70,000.00-$75,000.00

Website Families Together

Families Together launched an Affordable Housing Initiative in 2019 and now has a property portfolio of 23 units that are owned or leased by the organization. The property portfolio serves families experiencing homelessness by providing a mix of housing types including Emergency Shelter, Transitional Housing, and Affordable Rental accepting Housing Choice and Permanent Supportive Housing Vouchers.

This is an exciting opportunity to establish and grow the real estate function of Families Together. The Affordable Housing Property Director (AHPD) – a new senior position – will lead the development of this division by overseeing all property management, maintenance, renovation, and new construction. The AHPD will also be responsible for leading Families Together’s (FT) long-range property development planning and implementation by initiating and overseeing the visioning, partnership development, financing, and planning and execution of new construction, acquisition, and rehab projects.

Essential Duties and Responsibilities:

  • Oversees Property Team, including Facilities Manager and Maintenance Tech positions, developing work plans that establish priorities, timelines, and resource allocation to ensure timely, on-budget completion of projects.
  • Develops a long-range affordable housing growth strategy within the framework of the strategic plan and in partnership with the Leadership Team and Board. Establishes a routine reporting system on key performance indicators.
  • Evaluates and proposes property acquisition and rehab opportunities, including analyzing potential project sites, identifying potential funding/financing and negotiating acquisitions. Prepares forward-looking financial projections for real estate portfolio and makes recommendations for retention or disposition of existing assets.
  • Works with FT staff and the Property Maintenance and Development Committee to identify and implement property management/maintenance software and other relevant property technology.
  • Negotiates and secures financing for acquisition and new construction, analyzing funding options such as federal, state, and local government funding opportunities, bank financing. Coordinates with Development Director to identify and secure private foundation grants.
  • Creates and implements development and financing plans, schedules and proformas, and continuously analyzes and reconciles budgets and schedules as development progresses.
  • Reviews all legal documents required for asset acquisitions and dispositions, loan closings, legal contracts, and leases. Comprehends and complies with federal, state/local regulations, and program compliance.
  • Advocates for public funding, including writing, reviewing, and submitting funding applications. Advocates directly to funders through formal and informal channels as appropriate. (i.e., offering public comment at a City Council meeting, meeting privately with a County Commissioner).
  • Advocates for approvals, entitlements, and policy changes necessary to complete real estate development activities including annexation, rezoning, variances, bond funding, housing legislation, etc.
  • Accomplishes the above through developing strategy, hiring consultants as needed and representing FT to obtain.
  • Oversees and ensures timely and accurate completion of the full range of tasks related to the planning, implementation, and development of property and facilities repair, renovation, and small-scale new construction projects.
  • Initiates, plans, and oversees procurement process of Property Team members as well as for selecting consultants and contractors and oversees work of consultants, contractors, and vendors.
  • Monitors progress of projects under development for cash requirements, budget variances, and completion status.
  • Communicates, coordinates, and collaborates with Housing Programs leadership to ensure funding compliance requirements are met – as well as with cross-departmental team staff (e.g., Admin and Finance, Development and Communications, and Housing Programs) to plan and deliver a spectrum of funding sources to support the varied needs of permanent affordable housing, emergency shelter and transitional housing (operating support, supportive services funding, etc.)
  • Acts as a representative for FT before public agencies and community organizations including Wake Affordable Housing Coalition; takes a leadership role in FT’s advocacy activity and participates in community engagement and policy creation affecting affordable housing.
  • Serves as part of the Leadership Team supporting FT management and Board in decision-making and strategic planning. Serves as lead staff report on the Property and Facilities Committee and the Advocacy Committee.
  • Aligns and monitors goals of the affordable housing property team and the Property Maintenance and Development Committee with goals of FT’s strategic plan.
  • Completes annual audit of property and facilities and develops budgets for the repair, renovation, and maintenance forecasted over three years.

Supervisory Responsibilities:

Directly supervises the work of the Property Team who is responsible for the overall appearance and operation of FT properties and ensures that units are well-maintained and ready for move-ins, and that maintenance requests for the facilities are completed in a timely manner.  Carries out supervisory responsibilities in accordance with FT’s policies and applicable laws. Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; and addressing complaints and resolving problems.

Position Requirements:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.  The requirements listed below are representative of the knowledge, skill, and/or ability required.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education/Experience:

  1. Bachelor’s degree (BA/BS) from four-year college or university; and four to six years related experience and/or training.
  2. Direct experience developing affordable multi-family housing, both new construction and renovation; experience undertaking development using LIHTC preferred.
  3. Direct experience securing financing for affordable multi-family housing projects of at least $1 million

Certificates and Licenses:

  • Valid Driver’s License
  • Real Estate License preferred

Knowledge, Skills, and Other Abilities:

  • Excellent verbal, written, financial analysis, and project management skills.
  • Excellent problem-solving skills, resiliency, curiosity, and creativity
    Strong attention to and retention of detail and strong organizational skills
  • Strong leadership skills and ability to inspire a team to achieve collective goals
  • Technical knowledge of and significant and varied experience with standard affordable housing tools, policies, laws, and financing practices by which affordable housing is developed, which includes Housing First principles, ADA compliance, zoning and land use controls, HOME, CDBG, LIHTC, Section 3, Davis Bacon, Uniform Relocation Act, NEPA Environmental Review, non-traditional loan structures, and real estate loan documents.
  • Interest in and passion for affordable housing and ending homelessness as well as for FT’s organizational values.
  • Ability to work independently, meet deadlines, and manage outcomes in a mission driven organization.
  • Must foster relationships with elected officials, financial partners, professional advisors, and contractors.
  • Ability to communicate with public officials and regulatory agency staff representing FT’s interest in a professional and persuasive manner.
  • Strong commitment to DEI
  • Knowledge of housing and community development history, policy, and best practices.
  • Knowledge/experience with permanent supportive housing models, trauma-informed housing best practices, supportive service delivery preferred.

Compensation:

Hiring range is $70—75K.  The position includes health benefits, paid time off, paid holidays, and a 403b retirement plan.

Schedule/Location:

  • Mon-Fri from 8:30am-5:00pm; some weekend and evening work may be required
  • Main location: Families Together Office: 908 Plainview Drive, Raleigh, NC 27610
  • Regular local travel is required; must have a clean driving record and ability to drive personal and agency vehicle for work-related activities
    Work is performed both in the field and indoors with moderate exposure to atmospheric conditions (e.g., cold, heat, fumes, odors, dusts, gases, poor ventilation)

To apply for this job email your details to dea@familiestogethernc.org