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Development Manager

Company: AHC Inc.
Location: Arlington
Posted on: August 7, 2022

Job Description:

Development ManagerArlington, VAAHC Inc. is seeking an individual with a strong entrepreneurial drive coupled with intense curiosity and creativity to join its dynamic real estate development team. -AHC is a leading developer of affordable, workforce and mixed-income rental housing in the Washington & Baltimore regions and currently owns over 8,000 apartment units at more than 50 communities. -AHC's Resident Services team provides a wide array of educational programs and social services to help our residents build stronger futures. - -About the Team: The Real Estate Development team offers a fun, fast-paced, environment in which to make a meaningful impact in our community through the creation and preservation of affordable housing. -The team is responsible for identifying, acquiring, financing, and constructing / renovating multifamily rental properties. -The team utilizes a wide range of affordable and conventional financing tools and partnerships to raise the capital necessary to finance innovative affordable, mixed-use, and mixed-income communities. - -About the Job: -The Development Manager role is broadly defined at AHC. -Development Managers have substantial autonomy and are responsible for initiating and overseeing the full range of development tasks -from initial concept development through entitlement approvals, financing, construction completion, lease-up, and project close-out. - - -Development Managers work closely with AHC colleagues in other divisions to ensure alignment of mission and execution.Responsibilities include:

  • Generate development budgets and pro forma to evaluate financial feasibility
  • Negotiate with lenders and investors to obtain acquisition, construction, and permanent financing
  • Work with land use counsel, consultant teams, and local jurisdictions to gain approval of land entitlements and/or financial support
  • Coordinate the underwriting and closing process, including document review
  • Present to senior staff, the AHC Board of Directors, community groups and local governments
  • Manage development consultant team members during all phases of development/construction
  • Identify new opportunities and lead efforts to obtain site controlMinimum requirements:
    • Three or more years experience developing and/or acquiring multifamily affordable housing
    • Detailed knowledge of Low Income Housing Tax Credits
    • Experience creating development budgets and working with real estate pro formas to model complex financial structures
    • The ability to delegate tasks, teach and supervise less experienced teammates
    • Graduate degree in finance, real estate, urban planning, or other relevant discipline -
    • Desire to take ownership of projects while working well within a team environment
    • Ability to juggle multiple, complex projects
    • Strong interest in affordable housing and a passion for creating positive change
    • Knowledge of construction, property operations, and other applicable fields is a plus
    • Excellent oral, written and interpersonal skills
    • Ability to work independently*A cover letter is required when applying for this position.*For immediate consideration, please email your cover letter and resume to jobs@ahcinc.org or visit & apply on our website www.ahcinc.org, under the 'About Us' tab. E/O/E

Keywords: AHC Inc., Arlington , Development Manager, Executive , Arlington, Virginia

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