KM Partners | Affordable Housing Solutions · 3 weeks ago
Director of Development | Affordable Housing & LIHTC
Los Angeles, CA
Full-time
Onsite
Mid, Senior Level
7+ years expKM Partners is a growing Affordable Housing Development & Consulting firm based in Los Angeles. They are seeking a Director of Development who will lead project execution, help build the company’s infrastructure, and manage relationships with various stakeholders in the affordable housing sector.
Clean EnergyFinanceProperty ManagementRecruiting
Hiring Manager
Makayla Brening
Responsibilities
Help to build out a newer company's internal infrastructure
Implement new processes, systems and best practices
Hand-pick development projects that align with your unique interests and values
Help to build the company's culture
Collaborate with the President and CEO and take a lead role in adding to their pipeline of development and consulting projects
Leverage relationships and skills that you've cultivated throughout your career
Responsible for overseeing and managing the development of affordable housing projects from start to finish, including pre-development, financing, acquisition, construction, and perm conversion projects
Coordinate the acquisition and due diligence process: develop preliminary feasibility analyses for new development opportunities; conduct and review preliminary site due diligence; participate in initial development concept; and manage escrow closing and loan disbursement process
Formulate and execute strategy for successful applications in response to RFPs
Review and analyze development and operating budgets and proformas, financial statements, environmental reports, market studies, appraisals and other third-party reports to help determine project feasibility
Coordinate the entitlement and land use approval process: supervise third party consultants, including architects and entitlement consultants; prepare and submit entitlement development applications, and work with city officials to secure approval; and participate in community outreach and public hearings
Secure financing: prepare loan and grant applications (LIHTC, Tax-exempt Mortgage Revenue Bond, HOME, AHP and similar programs); work with public agencies and conventional lenders and investors to secure predevelopment, construction and permanent financing; assist with public agency and lender compliance requirements; and direct closing of acquisition, public agency, and construction financing
Interact with equity, title, lender, legal, construction, property management and third-party vendors to ensure timely and efficient closing of transactions
Coordinate project design: work with architect to develop program requirements and establish overall project vision; communicate company’s design standards; consult with Property Management and Resident Services staff to ensure design and specifications meet long-term operational needs; coordinate third-party consultants, such as sustainability and accessibility; and work with general contractor to estimate project costs and ensure conceptual design is within budget
Coordinate construction administration: manage the project budget; attend construction job site meetings; and coordinate Owner’s Representative during construction
Coordinate transition to operations: work with Property Management to coordinate initial lease-up, construction close-out, and punch-list and warranty items
Provide administrative support and perform other duties as needed
Coordinate the formation of new limited partnerships and limited liability companies with legal; obtain associated Resolutions, Employer Identification and DUN’s
Assist in building and implementing operational systems, workflows, and tools to support the company's early-stage growth
Create standardized project management templates, checklists, and reporting structures for use across current and future projects
Establish document control systems and processes for contracts, plans, change orders, and approvals
Support leadership in scaling internal operations with a focus on repeatability and efficiency
Provide administrative support and perform other duties as needed
Qualification
Required
7+ years of experience in Affordable Housing Development and/or Finance
Strong problem-solving skills, with the ability to identify and devise innovative solutions to overcome challenges
Excellent communication skills, both verbal and written, with the ability to effectively communicate with diverse stakeholders
Experience working with federal, California, and local government funding sources and agencies
Demonstrated project management experience with the ability to manage multiple projects and tasks simultaneously
Understanding of the complexities of affordable housing and the regulatory environment
Strong financial acumen and analytical skills
Company
KM Partners | Affordable Housing Solutions
Who We Are KM Partners is the only National Executive Search & Professional Recruitment Firm in the U.S.
2-10 employees
Funding
Current Stage
Early StageLeadership Team
John "Jay" McCollins, MBA
Founder & Managing Partner | Executive Search & Professional Recruitment Consultant / Headhunter
Morgan McCormick
Partner
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