SCOPE: This position will be responsible for supporting the Development department during the life of development projects for affordable and Low Income Housing Tax Credit (LIHTC) transactions from the time a property is under contract and/or Letter of Intent, through the time when all development funds have been disbursed.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
The below statements are intended to describe the general nature and scope of work being performed by this position. This is not a complete listing of all responsibilities, duties and/or skills required.
Under the supervision of the Development Director:
Underwrite multi-family real estate investment opportunities;
Correspond with owners and brokers to gather due diligence;
Coordinate market research;
Analyze LIHTC and other affordable housing programs to determine project feasibility;
Assist with coordination of project management goals of multiple affordable housing transactions, including the acquisition, development, refinancing, and/or rehabilitation of affordable housing projects, including through the use of LIHTC;
Assist with working with lenders, including but not limited to FHA, to secure debt for new construction and refinancing;
Assist with working with project team on various tasks needed to complete affordable housing funding applications;
Assist with ongoing financial modeling of the development;
Support and may oversee progress of seller, buyer and lender due diligence checklists;
Provide research and analytical assistance;
Track project status, coordinates meetings, track deliverables both internally and externally;
Order and critically review third party reports for development projects;
May assist with coordinating and assembling funding draw requests during construction for review by the
Development Director, ensuring adherence to approved project budget; obtain funding approval of financial partners; oversee facilitation of funds once released to ensure timely payment/reimbursement of project costs; track interest payment deadlines during construction;
Communicate with internal clients and external vendors; and
Perform additional duties as assigned.
To perform this job successfully, an individual must be able to perform each competency satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.
Strong people and project management capabilities that forge high performing and working relationships with internal and external team members;
Demonstrated capacity to learn real estate/development business and principles;
Excellent analytical skills;
Excellent verbal and written communication skills;
Excellent presentation and inter-personal skills;
Self-starter; highly motivated and adaptable;
Willingness and ability to travel occasionally;
Proficiency in Microsoft Word and Powerpoint; and
Advanced proficiency in Excel, and willingness to learn Excel and financial modeling
Bachelor’s Degree, preferably in a business, real estate or communications field;
Minimum of one (1) to three (3) years in real estate development, brokerage, or related business field is preferred
PHYSICAL DEMANDS AND WORK ENVIRONMENT:
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 frequently required to maintain a stationary position, operate computers and other office equipment, move about the office, attend onsite and offsite meetings, and communicate. The employee must be able to sit or stand for eight hours while performing essential work duties. The employee must be able to accurately exchange information in person, in writing and via e-mail and telephone. The employee must be able to perform essential job functions in an environment that could have increased stress levels.
OTHER: The candidate must possess and maintain a valid driver’s license in state of residence, and maintain an insurable driving record under the terms and conditions of the CMHA auto liability policy. The candidate may have no more than 4 accumulated points in 3 consecutive years.
About Cincinnati Metropolitan Housing Authority
CMHA was established in December of 1933 under the provisions of the Ohio Housing Authority Law. CMHA provides quality, affordable housing for low- to moderate-income families. CMHA serves nearly 5,200 Public Housing households in neighborhoods throughout Hamilton County. In addition, the Housing Choice Voucher Program provides affordable housing options for 11,300 families. Most residents served by CMHA are elderly and working families.
CMHA consistently receives designation as a high performing agency from the U. S. Department of Housing and Urban Development (HUD).