Director of Real Estate Development (Affordable Housing)
25 days ago
East Longmeadow
Job DescriptionDescription: Position Title: Director of Real Estate Development Organization Type: Nonprofit | Focus: Affordable Housing Location: On-site | Relocation assistance available for qualified candidates Position Summary The organization is seeking a strategic and mission-aligned Director of Real Estate Development to lead and manage affordable housing projects from concept to completion. This position plays a critical role in advancing the organization’s mission to create and preserve high-quality, affordable housing for underserved communities. The ideal candidate will bring a strong background in real estate finance, affordable housing development, and cross-sector collaboration, along with a deep commitment to equitable community development. About the Organization The organization is a nonprofit committed to expanding access to affordable housing for low- to moderate-income individuals and families. Through advocacy, development, and partnerships, the organization works to build sustainable communities that promote dignity, stability, and long-term affordability. Key Responsibilities • Project Management: Lead the planning, financing, construction, and delivery of affordable housing developments, including new construction and preservation projects., • Financial Modeling & Funding: Structure and manage complex project financing using LIHTC, NMTC, HOME, CDBG, and other public/private sources., • Site Acquisition & Feasibility: Identify, evaluate, and acquire development sites; conduct feasibility studies, due diligence, and risk assessments., • Stakeholder Coordination: Collaborate with architects, contractors, legal teams, government agencies, and community stakeholders throughout the project lifecycle., • Compliance & Reporting: Ensure adherence to all regulatory and funding requirements; manage project budgets, timelines, and internal documentation to maintain compliance., • 5–7+ years of experience in affordable housing development, real estate finance, or a related field., • Demonstrated success managing multifamily affordable housing projects from pre-development to lease-up or stabilization., • Strong knowledge of housing finance mechanisms such as LIHTC, tax-exempt bonds, HUD programs, and state/local resources., • Excellent project management, analytical, and communication skills., • A strong commitment to housing equity and community-centered development., • Bachelor’s degree in Real Estate, Urban Planning, Architecture, Business, or a related field., • Minimum of 8 years of experience managing affordable housing development from concept through occupancy., • Experience working with diverse populations and underserved communities., • Prior success in securing financing and navigating municipal processes. Preferred Qualifications, • Master’s degree or relevant certifications such as HDFP (Housing Development Finance Professional) or CHDP.