155 Merrimack Street
Developer and Asset Manager
Are you interested in a position that will make a difference in your life and the lives of others? Community Teamwork is a private non-profit organization with over 500 employees dedicated to reducing barriers and creating opportunities for low income individuals and families.
In addition to fully utilizing your skills, Community Teamwork offers opportunities for continued professional development and career growth. Great teams, a competitive salary and well above average benefits including a generous contribution to employee 401k plans make Community Teamwork a highly regarded employer.
We are seeking a Developer and Asset Manager who will be responsible for real estate development and property management. Responsibilities include building and overseeing development teams and property management functions and for selecting and overseeing the CGDAC portfolio including the performance of the outside property management firm and the selection and oversight of project team members for development projects. The position requires strong project management skills and an ability to work well with others across an interconnected organizational environment. The development and advancement of a project pipeline is central to this position.
- Financial modeling for project development and operating budgets.
- Identify and secure pre-development financing and manage pre-development budgets.
- Assemble state, local and tax credit applications and resources for new projects and rehabilitations of existing properties.
- Assist with prospective developments and acquisitions by evaluating financial feasibility, structuring debt and equity sources that advance the CGDC mission and achieve local and state policy/funding priorities.
- Assemble project development teams, and manage vendor contracts (architectural, environmental, engineering, etc.).
- Develop presentations and other communications about projects.
- Assemble permitting and regulatory review applications.
- Develop and maintain relationships with City and Town permitting and housing staff, financing agencies, and lenders.
- Hold primary responsibility for multiple projects and for other aspects of property management at the same time.
- Prepare regular updates and reports to the Board of Directors and Asset Management Committee.
- Assure timely reporting to third parties.
- In conjunction with CFO Prepare and review draft budgets, review draft audits and assure timely delivery of audits and tax returns to investors/lenders.
- Create and direct capital needs planning and implementation with property management firm.
- Assure annual update of management plans.
- Establish/implement refinancing strategies, as appropriate and timely.
- Gather and interpret key market data regularly to inform potential repositioning/refinancing/sales opportunities.
- Monitor vacancy rates, cash flows, replacement reserves and capital improvement plans with property management company.
- Evaluate the impact of owner guarantees/obligations on the organization and the parent organization.
- Track actual property performance against the initial pro forma.
Successful candidate will possess:
- Bachelor’s Degree or at least five years of experience in real estate finance and development, or community development.
- Experience with state and federal housing programs, funding and policies, preferably in Massachusetts. Experience with various affordable housing funding programs, such as the Low Income Housing Tax Credit (LIHTC), HOME, CPA, CDBG, Section 8, and Section 202, and a proven track record in securing such funding for projects.
- Strong project management skills and an ability to work well with others across an interconnected organizational environment.
- Strong real estate related financial skills with experience creating and managing a complex development proforma.
- Knowledge and proficiency in securing local, state, federal and private debt and equity financing.
- Excellent oral and written communication, technological, and presentation skills.
- A knowledge of state and local land use, zoning and permitting regulations and procedures.
- Ability to work independently and achieve outcomes.
- Team management skills and experience.
- A high degree of professionalism.
- Strong strategic and mission focus, the demonstrated ability to solve problems, suggest new ideas, and move tasks forward.
- Ability to advance sound not for profit real estate development principles, so that projects are highly innovative and successfully balance mission, feasibility, and risk.
- Casual work environment
- 4 weeks of PTO
- Paid Life Insurance
- Tuition reimbursement
- 11 paid holidays
- Paid sick leave
- Career advancement and professional development
- 5% contribution to your 401K whether you participate on your own or not.
- Great co-workers, a supportive environment and a great mission with an outstanding Community Action Agency
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status. Community Teamwork is a drug free work environment.
This is an exciting opportunity to become an integral member of an innovative, outcome focused team in an organization committed to excellence.
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Thank you for your interest in Community Teamwork!