Director of Real Estate bei University Area CDC

Description

Reports To: Chief Community Development Officer 

SUMMARY

The Director of Real Estate position is primarily responsible for identifying entrepreneurial opportunities to locate, broker, and secure real estate in the form of land, affordable residential housing, and commercial properties that are fiscally rewarding for all constituents (the people in the community and the University Area Community Development Corporation (UACDC) organization). This position is also responsible for overseeing daily operations of the company’s real estate LLC’s, developing short- and long-term goals with the CCDO, reporting to the Board of Directors, and working with the internal operations of the business. The position is responsible for designing, managing, and implementing all associated programs/policies to maximize operations utilization efficiency and investment returns on initial investments.  Additional responsibilities include managing all aspects of project development and construction management within the UACDC. This role emphasizes the preconstruction and construction phase, including project planning, securing funding, ensuring grant compliance, and overseeing budgets. The Manager will guide projects from concept to execution while collaborating with internal teams, contractors, and external stakeholders to ensure successful and timely completion. Expertise required in developing all phases of real estate and providing support to ensure that professional services are provided in an effective manner. Knowledge and expertise in creating innovative funding packages, including but not limited to tax credits, bonds, opportunity zone funding, federal/state/local grants, investor funds, and loans. This position requires a good understanding of UACDC’s policies and organizational procedures with the ability to work with others in a service-oriented environment by performing the following duties personally or through direct reports.

Essential Duties and Responsibilities 

• Establishes, maintains, and monitors all housing operational systems accordingly.
• Oversees UACDC’s land banking program working directly with a professional realtor to acquire properties and ensures that all land banking properties are being maintained.
• Manages all aspects of real estate; apartment complexes, sound & secure housing, land banking, etc. 
• Coordinates the implementation of the Emergency Preparedness Plan.
• Implements the development of organization policies and procedures for housing and real estate management. 
• Provides quality assurance, develops quantitative and qualitative reports and findings to guarantee that housing and real estate have met goals. 
• Negotiates with owners, landlords, banking institutions, and local government housing officials.
• Drafts and/or reviews all real-estate related government contracts to ensure they are in compliance with local/state/federal government requirements and/or another other applicable laws and regulations.
• Develops strategies for identifying, acquiring and developing affordable multi-family and single family affordable housing developments on behalf of the UACDC organization.
• Reviews real estate contracts for compliance with government specifications and suitability for occupancy.
• Working closely with financial institutions, once the contract is finalized and approved, the position monitors progress of affordable housing contracts until closure and/or title transfer.
• Develop project concepts, timelines, and feasibility studies to align with organizational goals. 
• Oversee the development of project scopes, budgets, and schedules to ensure alignment with funding and organizational priorities. 
• Manage the lifecycle of projects, from initial planning through construction and final execution. 
• Manage, process and oversee project billing, change orders, RFI’s, and submittals. 
• Conduct regular site visits to monitor progress, ensure quality control, and address any issues. 
• Oversee contractors and consultants, ensuring compliance with project specifications, timelines, and budgets. 
• Collaborate with stakeholders to secure funding through grants, loans, and other sources. 
• Works collaboratively with Property Management Firm to ensure affordable housing repairs, renovations, and/or other maintenance requirements are completed to UACDC standards and specifications.
• Updates spreadsheets, creates a tracking system, and understands financial reports as it pertain to the organization's budget and strategic plans.
• Works well in an urban community setting and possesses good communication skills, as well as a mindset for community development and resident engagement. 
• Provides preliminary inspections of land, single and multi-family housing to determine suitability for acquisition.

Accountability

Profits, Control of Cost, Quality Control, Customer Service, Records, Safety and Other Employees/personnel requirements.

Supervisory Responsibilities

This job has direct supervisory responsibilities. Required to supervise the actions of third-party affiliates.

Competencies

To perform the job successfully, an individual should demonstrate the following competencies:

• Conflict Resolution Sub competencies: Collaboration & Problem solving: Works toward win/win solutions Deals with conflict collaboratively. Discusses real reasons underlying the problem.
• Interpersonal Style Sub competencies: Interpersonal Skills, Communication, Teamwork Relates to people in an open, honest, sincere manner, Treats people with respect, Develops effective working relationships, is friendly and approachable, Listens attentively to others, Communicates ideas clearly. Communicates appropriately with supervisor, co-workers and direct reports.
• Self Management Sub competencies: Adaptability, Reliable, Dependable, Self Sufficient, Composure: Adapts readily to changes, Works effectively under stress, Needs minimal supervision, is comfortable working in a fast paced environment. Is reliable, dependable & results-oriented, Maintains productivity & composure under pressure, Views problems as opportunities to create new solutions.
• Judgment & Decision Making Sub competencies: Analytical, Quality management, Innovation: Gathers sufficient input before making decisions, Sees interrelationships between issues, Considers alternative solutions, Makes appropriate and timely decisions.
• Motivation & Initiative Sub competencies: Ethical, Professional, and Persuasive: Shows commitment to the company and employees. Assertive, takes a lead role. Creates new ideas. Exhibits self-confidence, is achievement oriented has the Ability to be persuasive & is an effective negotiator.
• Planning & Organization Sub competencies: Detail Oriented, ability to Multi-task, prioritizes & is goal oriented: Possesses ability to organize, plan and follow-through on multiple tasks. Recognizes and attends to important details with accuracy and efficiency. Effectively prioritizes work, establishes clear goals and plans, anticipates potential problems & analyzes alternative solutions.
• Leadership Sub competencies: Develop, Empower, Team Orientation: Committed to develop skills & potential of others; Continues to pursue personal growth; Seeks improvement; Exhibits ability to actively empower others to think, behave, take action, control work and make decisions. Displays ability to work cooperatively and effectively with others at all levels within the organization.

Business Related Contacts 

Hillsborough County Affordable Housing, Property Management Firm, Realtors, Lenders, Other Non-Profits, Investors, Appraisers, Architects, Builders, and Suppliers.

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 and/or Experience

Bachelor’s degree in Business, Public Administration, Construction and Real-Estate, Urban Planning or related area and at least 10 years in real-estate, housing, operations and/or community development, and real-estate construction with 6 years in non-profit. Experience in project management is required. A Masters in Business Administration and/or Public Administration is an added plus. Knowledge of Federal, State and Local affordable housing programs. Familiar with a variety of the field’s concepts, practices, and procedures. Relies on extensive experience and judgment to plan and accomplish goals. 

Language Skills

Ability to read, analyze, and interpret complex documents. Ability to respond effectively to sensitive inquiries or complaints. Ability to write contracts, speeches and articles using original or innovative techniques or style. Ability to make effective and persuasive speeches and presentations on controversial or complex topics to top management, public groups, and/or boards of directors. Bi-lingual is an added plus.

Mathematical Skills

Ability to work with mathematical concepts.

Reasoning Ability

Ability to apply principles of logical or thinking to a wide range of intellectual and practical problems.

Computer Skills

To perform this job successfully, an individual should have knowledge of Internet software; Spreadsheet software and Word Processing software, including proficiency in MS Excel, Word, Outlook and/or other Windows software applications.

Other Qualifications

Experience in affordable housing financing, developing pro forma, sources and uses of funds debt coverage projections for multifamily and single family projects.

• Possesses knowledge of housing laws, building and development codes, and tenant/landlord rights, zoning, and permitting. 
• Possesses an understanding of the local housing market.
• Has knowledge of public and private affordable housing financing.
• Expertise in project management, construction planning, and preconstruction activities. 
• Understanding of stormwater management, public utilities, transportation, and infrastructure projects to facilitate redevelopment.  
• Ability to read and interpret construction plans and technical documents.  
• Strong understanding of HUD and other grant compliance requirements. 
• Excellent leadership, organizational, and problem-solving skills. 

Physical Demands

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to sit; reach with hands and arms and talk or hear. The employee is frequently required to walk. The employee is occasionally required to stand and stoop, kneel, crouch, or crawl and taste or smell. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception and ability to adjust focus. The employee must regularly lift and/or move up to 10 pounds. 

Work Environment

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is occasionally exposed to outdoor weather conditions.

The noise level in the work environment is usually moderate.

Disclaimer: Job descriptions are not meant to be all-inclusive and the job itself is subject to change. Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time due to reasonable accommodation or other reasons.

University Area CDC does not discriminate applicants or employees for terms of employment on the basis of race, color, religion, sex (including pregnancy, and sexual orientation), national origin, age, disability, or genetic information. University Area CDC is a drug-free workplace.