Sr. Real Estate Development Director

Full time
$90,000 - $125,000
Locationlacounty Calendar01/30/2018   Full time $90,000 - $125,000

Under the direction of the President/CEO, the Senior Director of Real Estate Development has the responsibility for the day-to-day operations of specific projects mainly rehabilitation, and new construction of low-income rental and supportive housing developments.  This position requires superb communication and teamwork skills and is located in the administrative offices in downtown Los Angeles.

Essentials functions include, but are not limited to:

  1. Function as the owner's representative on the development team currently working on the three phase development project that is projected to result in up to 700 new units of affordable and supportive housing on properties currently owned by Weingart Center ("WCA");
  2. Manage the design and development of additional new affordable and supportive houising developments, subsequent to their feasibility stage;
  3. Prepare for the President/CEO as needed analysis and underwriting for new projects, including underwriting assumptions, construction schedules, hard and soft cost assumptions, pro-forma modeling and risk assessment and mitigation;
  4. Coordinate preparation of materials for meetings and presentations to funders, partners, public officials and political decision makers;
  5. Perform other duties as directed in other areas where the position's skills, knowledge and experience may be needed.

Education/Training/Qualifications: 

  • An undergraduate and/or graduate degree, followed by a mnimum of 5 years of experience working with and fully understanding various affordable housing finance sources and strategies.
  • Demonstrated ability to understand and manage affordable housing pro-formas;
  • Demonstrated experience in management of all phases of affordable/supportive housing development including application for funding, closing loans, selection of development team and supervision of project development from feasibility through to completion of construction and lease up
  • Excellent communication skills who is able to multitask and meet deadlines with the ability to work collaboratively with WCA staff and outside development partners.
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