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Development Director, Affordable Housing
Location: New Orleans, LA
Company: Volunteers of America of Greater New Orleans
Job Requirements: See requirements below...

Requirements:

The ideal candidate will have 10 years of professional experience in the related fields of financing, design and construction of housing, with at least 5 years of direct experience with affordable housing.

• Minimum education requirement is a bachelor’s degree in finance, urban development, planning or architecture.
• The ideal candidate must be knowledgeable with the following: Form 8609, QAP, “force of law”, LEED, A201, “period of significance,” CDBG, 221(d)4, basis, PUD, Primavera, ALTA, yield, DCR, LC and LOC.
• Demonstrated knowledge of Project Management methodology, preferably in real estate development; Project Management Professional (PMP) certification is a plus.
• Requires a functional knowledge of affordable housing development.
• Must demonstrate excellent verbal and written communication skills, in addition to possessing strong relationship management skills.

In addition to the opportunity to apply your expertise toward business objectives which directly impact families, we offer a competitive salary, comprehensive benefits and meaningful challenges in a workplace that values excellence and work/life balance. Well-qualified candidates may submit detailed resume with cover letter, including salary requirements, to: Careers@voagno.org.

Job Description:

Renaissance Neighborhood Development Corporation (RNDC) is a collaboration between Volunteers of America National Services and Volunteers of America of Greater New Orleans to create 1,000 units of housing in Post-Katrina New Orleans. We are committed to providing workforce housing in emerging urban neighborhoods to create developments that are proximate to jobs and employment opportunities. Reporting to the Executive Director, key responsibilities include:

Project Conceptualization

• Assist ED with site search, selection and negotiating site control agreements.
• Conceptualize alternative project financing scenarios.
• Prepare initial project financing pro-formas.
• Develop and maintain project budget.
• Develop and maintain project schedule.

Project Development

• Serve as primary relationship manager for the project, in cooperation with all internal and external parties.
• Procure and provide direction to all third party development team members, including architects, engineers, contractors, attorneys, market analysts, environmental, survey, etc.
• Solicit private lenders and investors.
• Coordinate applications for LIHTC, NMTC, HTC, as well as debt and equity sources.
• Coordinate internal financial reviews by VOANS and VOAGNO.
• Communicate any changes in project underwriting with Finance Manager for incorporation into project pro-formas.
• Secure entitlements and permits.
• Coordinate services needs assessment and linkage with VOAGNO for provision of services as needed for the specific development.

Construction and Close Out

• Oversee the efforts of the construction manager and the associated coordination of contractor and architect.
• Ensure construction fulfills the intent of the project concept, including representations and commitments made to funders.
• Engage in problem solving with construction team when necessary to implement project goals.
• Oversee the development budget monthly and coordinate any decisions necessary should a budget variance arise.
• Review/approve project development costs according to project budget and submit to Accounting Manager for payment.
• Oversee the preparation and submittal of monthly draws to construction funder.
• Ensure the preparation and submittal of periodic equity draw requests to syndicator/investor.
• Coordinate permanent financing conversion process.
• Oversee the submittal of Form 8609.
• Facilitate the transition of project responsibility to Property Management Director at completion.

Community and Public Relations

• Develop and maintain positive relationships with community stakeholders and neighborhood associations.
• Manage public communications relative to specific projects in coordination with Public Relations Director.

Reporting

• Develop and maintain project tracking and reporting system, including budget and schedule.

Ride one of our famous streetcars to work, enjoy the best lifestyle in our revitalized city with hip, trendy, architecturally rich neighborhoods within walking distance of unrivaled restaurants, world famous jazz clubs, the French Quarter, art galleries, quaint cafes. New Orleans has a unique flavor & rhythm that gets under your skin. Come share your expertise and make a difference in "the city that care forgot."