The Senior Director of Real Estate Development (Senior Director) role will encompass a wide range of functions and activities associated with real estate developments, acquisition, rehabilitation, project planning, management, policy/standard operating procedures development/execution, assist in and oversee the preparation of funding applications to reposition DHC’s housing assets. The Senior Director is responsible for obtaining the financing, approvals, and design of infrastructure developments, and mixed-use community development projects. This position will work closely with outside agencies (City of Detroit, EGLE, MSHDA, HUD, tax credit syndicators, and others). This position will serve as a liaison with the Asset Management and Capital Assets Departments. One of the critical success factors is for the Senior Director to maintain and establish effective, collaborative relationships internally and externally including all third parties (e.g., consultants, public funders and private lenders/equity providers, community organizations, architects, construction managers, government liaisons, internal DHC staff, etc.). They also would drive and prepare development plans, but not limited to: Preparation of Project Schedule, Preparation of Project Proforma, Preparation of Project Description, Preparation of Market Analysis, Preparation of Construction Budgets, Manage and provide research and documentation in the delivery of project development plans, Perform site visits, Perform development feasibility studies, including taking photographs, creating written project documents, producing proformas and analyzing sites for potential development opportunities, and performing administrative tasks. The success of this position would be monitored on published project KPIs Budget/Schedule and goal achievements.
EDUCATIONAL REQUIREMENTS
? Bachelor’s?Degree in Finance, Engineering, Construction Management, Planning, Community Development, Public Administration, or related field.
? MBA with real estate focus preferred.
? Significant experience with Microsoft Office 365 (Excel, Word, PowerPoint).
EXPERIENCE REQUIREMENTS
? Minimum of 7 – 10 years of prior experience with contract negotiations in development deals.
? Minimum of 7 – 10 years of progressively responsible experience in affordable housing development and experience working in various regulatory agencies, such as HUD, MSHDA to include planning, community development, grant administration, and project management.
? Minimum of 7 years of financial and/or business accounting experience.
OTHER REQUIREMENTS
? Must have or be able to acquire a valid state driver’s license.
? Must pass federal, state, and local criminal investigation clearances, and pass a drug screening test administered by the Commission or its designated provider.
? Must be insurable under the agency’s insurance policy.
? Must be bondable and insurable.
? Must be capable of obtaining Federal, State of?Michigan, and City of Detroit Police Department criminal investigation clearances.
? Must be willing to work traditional and non-traditional or weekend hours as required.?
KNOWLEDGE
? Knowledge of the operation of commission and HUD computer system and software.
? Knowledge of HUD programs and RAD tools and requirements (i.e., Section 18, TPV Application, Part 58).
? Knowledge of DHC’s Administrative Plan and related policies and procedures.
? Knowledge of principles and practices of urban development and housing management.
? Knowledge of the principles and practices of accounting, budgeting, and budget administration.
? Knowledge of training methods for all levels of personnel, related to departmental initiatives.
? Knowledge of organizational structure, workflow, and institutional procedures.
? Knowledge of the principles and practices of automated information systems, and data processing.
? Knowledge of HUD rules and regulations that apply to property management: Fair Housing Laws, Michigan Real Estate Landlord-Tenant Laws, OSHA Standards, Local and State Building Codes.
? Knowledge of HUD regulations and guidelines relating to Housing Quality Standards (HQS), NSPIRE, and State and Local building and occupancy laws or regulations.
REQUIRED SKILLS
? Communicate effectively orally or in writing with relevant stakeholders, internal and external, from a variety of backgrounds.
? Understand and apply HUD organizational rules, instructions, policies and procedures appropriately.
SUPERVISORY RESPONSIBILITIES
? Direct employee supervisory responsibilities of 1-20 employees
REPORTS TO
? EXECUTIVE DIRECTOR
ESSENTIAL JOB FUNCTIONS
? Develop the department’s internal budget, monitor execution of the budget
? Coordinate planning, development, and submission of HOPE VI and other grant / funding applications
? Prepare revitalization plans and revisions; prepare master plans for redevelopment; obtain necessary approvals
? Coordinate Development Department’s involvement with cross-functional activities of the DHC
? Interpret and apply DHC’s personnel policies; develop and implement department policies where needed to supplement DHC policies
? Direct subordinates’ day-to-day activities: make work assignments and establish work priorities. Review and approve leave requests and time and attendance reports
? Evaluate subordinates’ performance; initiate appropriate action to reward exceptional performance or correct poor performance. Counsel subordinates regarding job performance; document in accordance with established procedures
? Establish policies and procedures to assure that appropriate records are established and maintained in accordance with professional practices and HUD requirements
? Seek approval of requests for training, conferences, and other resources when required by DHC policy.
? All other duties as assigned.
