Senior Real Estate Developer

Senior Real Estate Developer opportunity at Ithaca Neighborhood Housing Services in Ithaca, NY (onsite) with a salary range of USD 75,000 - 100,000 per year.

Responsibilities

• Explore potential development sites considering zoning, cost, environmental impact, feasibility, and availability
• Under the Director of Real Estate Development, negotiate purchase contracts or option agreements
• Develop project concepts and initial cost estimates
• Create and lead project teams that include INHS staff and external consultants
• Develop financial analyses, project schedules, financing and operating plans
• Prepare initial feasibility assessments addressing site suitability, cost estimates, long-term viability, and market risk
• Present feasibility analyses to decision-makers and funders with recommendations
• With the Director for Real Estate Development, negotiate land and property purchase agreements and related vendor contracts
• Maintain up-to-date knowledge of local, state and federal affordable housing programs
• Develop viable project funding plans covering predevelopment, construction and operations
• With the Director of Real Estate Development, prepare grant or loan applications for funding from local, state or federal funders
• Oversee design alternatives developed by architects and other professionals
• Secure zoning and site plan approvals for proposed projects, including environmental reviews
• Obtain approvals of plans and specifications from local authorities and funders
• Coordinate financing approvals with all lenders
• Oversee contractor selection and contracts
• Monitor construction and contract compliance
• Monitor or coordinate disbursement and draw requests with accounting and finance staff
• Ensure timely closing of completed projects in collaboration with Finance, attorneys, funders and investors

Requirements

• Bachelor's degree in Business Administration, Real Estate, Architecture, Engineering, or Urban Planning and at least three years of professional experience in housing and real estate development, real estate finance or planning
• Financial analysis skills are required
• Excellent written and oral communication and interpersonal skills
• Ability to work independently and manage competing priorities in a fast paced, changing environment
• Basic knowledge of real estate law in New York
• Ability to engage effectively with diverse social and economic groups in community meetings and guide community discussions
• Ability to negotiate development and consultant contracts
• Intermediate proficiency in Windows-based software including MS Word, MS PowerPoint, Adobe Acrobat, and MS Excel
• Integrity, credibility and a commitment to INHS mission to revitalize neighborhoods and help low to moderate income people obtain quality housing long-term
• Preferred: Knowledge of federal, state and local public entitlement and affordable housing funding processes; experience obtaining planning, improvement and building permits; general knowledge of construction details and methods, especially wood frame construction; understanding of sustainable and advanced building techniques

Technologies

• MS Word
• MS PowerPoint
• Adobe Acrobat
• MS Excel

Benefits

• 401(k)
• Dental insurance
• Health insurance
• Life insurance
• Paid time off
• Retirement plan
• Vision insurance

Travel

• Travel around the service area, including out-of-county, will occur routinely
• A valid driver’s license and access to transportation is required

To Apply

• Submission of a cover letter is required as part of the application process
• Candidates must include a cover letter detailing their qualifications and interest in the role
• Incomplete applications, including those without a cover letter, will not be considered
• For more information about INHS, visit INHS employment opportunities

Supervisory

• Reports to: Director of Real Estate Development
• Supervises: no other staff