Real Estate Development Director

WHO WE ARE

Homes for Good Housing Agency is the Public Housing Authority (PHA) for Lane County, Oregon. Our primary work is to help low-income community members with the logistics of affordable housing. At a higher level, we are neighbors united to get every Lane County resident who needs help into a home.

OUR REAL ESTATE DEPARTMENT TEAM

Our Real Estate Department consists of three teams; Real Estate Development, Asset Management and Capital Projects. The team is responsible for the development, management and the revitalization of Homes for Good’s real estate assets.

WHAT YOU WILL DO FOR OUR TEAM

The Director of Real Estate Development plays a key role in advancing Homes for Good's overall goals by overseeing the strategic and day-to-day operations of the Real Estate Division. This involves managing, planning, and supervising functions related to Project Development, Asset Management, Risk Management, and Capital Projects.

Reporting directly to the Executive Director, the Real Estate Development Director is tasked with ensuring the creation of affordable housing units in alignment with the Agency's objectives. They are also responsible for implementing plans to optimize current assets, supporting unit production, and ensuring the Agency's long-term financial stability. Furthermore, the Director provides leadership, steering the Real Estate Division strategically while actively contributing to the organization's mission and direction.

Their responsibilities encompass overseeing new construction, acquisitions, and rehabilitation efforts, guiding development strategies for the Agency's real estate portfolio, and evaluating financial alternatives to enhance asset positioning. Additionally, the Director focuses on enhancing operational efficiency within a continually evolving regulatory landscape and remains attuned to community needs for affordable housing.

The Real Estate Development Director is entrusted with:

• Strategic & financial management of Homes for Good’s real estate assets.
• Leadership and administration
• Community engagement & advocacy
• Implementation of the Agency’s Strategic Equity Plan for their Division
• Building and sustaining collaborative working relationships with internal departments, local leaders in the affordable housing ecosystem, lenders, contractors, the general public and other interested parties

Explore the Real Estate Development Director Recruitment Brochure for more information on our Agency, our community and the position's responsibilities and requirements. 

DUTIES: These are intended only as illustrations of the various types of work performed. The omission of specific duties does not exclude them from the position if the work is similar, related, or a logical assignment to the position.

Housing Development

• Identifies funding sources, securing grants and loans; negotiates terms with lenders and investors.
• Lead comprehensive due diligence assessments encompassing intricate financial agreements, loan documents, as well as real estate development opportunities, ensuring thorough reviews of insurance, legal, land, architectural, and environmental aspects.
• Leads negotiations and decision-making related to real estate acquisitions, demolitions and dispositions.
• Provides oversight to the structuring, design, negotiation and supervision of real estate development and redevelopment transactions including the use of Low-Income Housing Tax Credits, grants and other mixed financing and HUD programs.
• Provides technical consultation and assists in the development of requests for proposals as needed.
• Reviews feasibility proposals and prepares progress reports for the Executive Director and Board of Commissioners.
• Obtains and maintains complete records or real property legal descriptions, transactions, deeds, leases, agreements and other related documents.

Leadership & Strategic Planning

• Directs and manages all operations of Homes for Good's real estate initiatives. Leads division -wide objectives and is accountable for overall results related to acquisition, development, disposition, leasing and management of Agency owned real estate assets.
• Ensures deadlines and program goals are met.
• Selects, evaluates and supervises assigned staff; assigns work and ensures appropriate training is provided; recommends and administers disciplinary action when appropriate; handles sensitive personnel matters; exercises full supervision over direct reports.

Fiscal Management

• Responsible for managing a multi-million-dollar real estate portfolio, developing and administering recommended budgets; takes the lead in establishing and monitoring against department budgets, including reporting and related functions.

Relationships Management

• Serves as a liaison between the Real Estate division and other departments and outside agencies; maintains high-level contact with others in key positions across the organization and throughout the community including government, business leaders and partners.
• Works directly with landlords, economic development officials and other municipal, regional and federal representatives involved in economic and real estate development in order to secure business and legal terms consistent with Agency goals and values.
• Cultivates collaborative relationships between the Real Estate Division and architects, engineers, general contractors, construction lenders, investors, other development professionals and property management companies.
• Cultivates collaborative relationships between the Real Estate Division and other teams, actively engaging in meetings and work groups to improve processes and cross functional information sharing.
• Creates and fosters positive working relationships with contractors.

Asset Optimization

• Oversees the analysis, development and implementation of a comprehensive plan for Homes for Good’s real estate development initiatives to maximize income and preserve/create asset value and income.
• Directs strategy for repositioning of existing properties by working with the Asset Management framework, continuously monitoring market conditions for opportunities.
• Oversees the development of hold/sell analysis, annual operating and capital improvement budgets, market analyses and asset valuation.

Community Engagement

• Prepares and delivers presentations on development projects to executive staff, board members, community partners and the public regarding real estate development, procurement, financial and housing policy decisions.
• Participates in/on task forces, meetings and committees and collaborates in the development and implementation of inter-agency initiatives.
•  Performs other related duties as assigned.

WHAT WE ARE LOOKING FOR

Studies have shown that people who hold marginalized identities are less likely to apply for jobs if they don’t meet every one of the qualifications listed. We are interested in finding the best candidate for the job, and that candidate may be one who comes from a less traditional background. If you meet key qualifications for the job, and believe you would be the best fit, we encourage you to apply.

Please use your cover letter to explain how you will accomplish parts of the job for which you have less experience. If you are unsure whether you meet the qualifications of this position, please feel free to contact us at hr@homesforgood.org.

WHAT'S IN IT FOR YOU? 

COMPENSATION:  

The pay range for this position $104,936.00 - $140,628.80 annually.

In addition to a competitive salary, Homes for Good offers a benefits package that includes:

• Choice between two different health plans
• Choice between two different dental plans
• Vision coverage
• 100% Agency paid insurance premium for you and your family (you won’t pay any premiums)
• 401(k) with a 12% employer contribution (regardless of your contribution)
• Tax advantage account options (HSA, HRA, FSA) depending on chosen plan
• 100% deductible reimbursement, depending on chosen plan
• Agency paid life insurance for $50,000 with the option to purchase additional voluntary coverage
• Long term disability plan with an income replacement benefit
• Employee Assistance Program (EAP)
• Hybrid and Flexible Work Plan (This position is eligible to work up to 50% remotely. Must reside within the State of Oregon and be available to report on site in Eugene, Oregon as needed to meet business needs.

PAID TIME OFF:

At Homes for Good, we believe that providing employees with adequate time off to rest, recuperate, and to accommodate personal family commitments is necessary for our organization’s success. To that end, we provide the following paid time off:

• Paid time off (PTO) starting at 6 weeks per year
• 13 paid holidays
• 1 personal day added to your PTO balance each year