Foster City, California 94404
Due diligence for development sites, including consultant selection, review and analysis of reports, assessment of potential risks and associated costs, and recommendations for risk mitigation and next steps.
Analyze sites for financial feasibility, program capacity, and community reception of affordable housing.
Prepare and update financial models for potential sites and assigned projects with minimal errors and well-reasoned assumptions; structure assigned projects to be viable and competitive for current affordable housing financing
Obtain and close financing for the development, including taking the lead in negotiations and execution
Prepare and submit financing packages
Clearly document loan and partnership terms for file and for approval, including internal review and incorporation of preferred terms
Using the MidPen standard proforma, create and maintain up-to-date financial models that accurately reflect the project budget, expenses to date and anticipated, and financing plan
Maintain accurate budget and schedule for review by the Development Directors, Vice President of Real Estate, and other internal partners.
Ensure that the building program, financing plan, and operating budget/reserves meet MidPen standards
Apply for and obtain required government permits and approvals
Manage a team of design consultants through the process of obtaining planning approvals
Manage the community acceptance process
Manage the building permit process and secure all necessary permits
Lead a development team, including architects, engineers, contractors, attorneys, and other consultants through the development process
Master’s Degree in Urban Planning, Community Development, Architecture or related fields with an emphasis on real estate development, or commensurate experience
Minimum of three years of experience in affordable housing development
Critical thinker with the ability to solve practical problems, tackle new projects and deal with a variety of concrete variables in situations where only limited information exists
Experience securing entitlements and financing for at least one completed affordable housing development for which the person had primary responsibility during all phases of development
Ability to read, interpret, and identify areas of corporate risk in documents such as building and zoning codes, operating, and maintenance instructions and procedure manuals. Ability to write reports and correspondence.
Knowledge of Federal, State, Local and Private sources of financing for low income housing
Demonstrated ability to communicate professionally and effectively via phone and in writing with site staff and internal partners, and external vendors, including providing direction and guidance to project teams as appropriate.