Hope Cooperative · 4 months ago
Director of Real Estate Development - Hope Cooperative
Sacramento, CA, US
Full-time
Onsite
Director/Executive
$140K/yr - $140K/yr
10+ years expHope Cooperative is a well-respected, award-winning nonprofit organization that provides comprehensive mental health and supportive housing services across Sacramento County. The Director of Real Estate Development plays a pivotal role in advancing the agency’s mission by expanding safe, stable, and affordable housing opportunities for individuals experiencing homelessness, overseeing projects from concept through completion, and managing development staff and consultants.
Health CareMental HealthNon ProfitProperty ManagementSocial
Responsibilities
Design and lead the organization’s long-term housing development strategy
Identify and assess new development and acquisition opportunities aligned with the agency’s mission
Work with executive leadership and the Board of Directors to establish goals and metrics for real estate growth and impact
Recruit, supervise, and mentor staff involved in real estate and asset management
Oversee all phases of the development process, including feasibility analysis, site acquisition, entitlements, predevelopment, financing, construction, and lease-up
Manage multiple active projects simultaneously, ensuring timely delivery and budget compliance
Supervise and support internal and external project teams including architects, engineers, attorneys, lenders, and contractors
Lead efforts to secure funding from diverse sources including Low-Income Housing Tax Credits (LIHTC), No Place Like Home (NPLH), CalHFA, HUD, HOME, CDBG, Homekey, BHSA, philanthropic or private equity
Prepare and review financial models, pro formas, and underwriting materials for complex capital stacks
Negotiate and coordinate financial closings with funding partners
Serve as the organization’s lead housing development representative to community stakeholders, city/county officials, and public funding agencies
Present projects at planning commission hearings, community meetings, and public forums
Collaborate with internal departments, including property management, finance, and behavioral health services
Supervise the Asset Manager to ensure long-term performance of the agency’s housing portfolio
Oversee capital planning, compliance, reserve analysis, and sustainability strategies
Coordinate with property management and service’s teams to ensure buildings remain mission-aligned, financially viable, and well-maintained
Act as a designated Mandated Reporter for the observed or suspected abuse and/or neglect of children, disabled individuals, dependent adults and elder/senior citizens
Ensure the protection and confidentiality of all Protected Health Information (PHI) by following all policies and procedures in the Agency HIPAA Manual
Oversee any staff assigned to specific development projects, including Asset Manager, ensuring that timelines, budgets, and quality standards are met
Provide oversight of the organizational relationship with third-party property management firms, ensuring that properties are well-maintained, regulatory obligations are met, and resident needs are integrated into management practices
Supervise consultants, architects, engineers, and general contractors during the design and construction phases, coordinating with them to ensure delivery on time, within budget, and consistent with Hope Cooperative’s mission and design standards
Guide staff or consultants responsible for financial modeling, funding applications (LIHTC, state/federal programs), and compliance reporting to funders and regulators
Direct staff or contractors working on community engagement and resident participation, ensuring input is integrated into development planning and execution
Partner with internal program, clinical, and outreach leaders to integrate housing development with supportive services. Provide supervisory guidance when staff are assigned part-time to housing-related initiatives
Provide coaching, mentoring, and career development for staff within the Housing & Real Estate division, helping to build organizational capacity for future housing expansion
Qualification
Required
Minimum of 10 years' experience in affordable housing real estate development, with at least 5 years in a senior leadership or director-level role with a focus on serving vulnerable populations, especially those transitioning out of homelessness
Demonstrated success in leading full-cycle development of LIHTC, PSH, and/or affordable housing projects
Deep knowledge of federal, state, and local housing finance tools, including public-private partnership models
Proven ability to manage complex budgets, capital stacks, and regulatory compliance
Experience working with vulnerable populations and a strong understanding of supportive housing principles
Excellent leadership, negotiation, and relationship-building skills
Ability to pass clearance of various agencies including but not limited to, the Department of Justice, the Federal Bureau of Investigation, the Department of Motor Vehicles, a third party consumer reporting agency, and, perhaps, other agencies
Preferred
Previous experience working with individuals with psychiatric and/or other disabilities, homelessness and substance abuse is highly desirable
Consumer of mental health services or a family member of a mental health consumer desirable
Benefits
21 PTO days per year (4 weeks & 1 day)
26 PTO days after the 5th year (5 weeks & 1 day)
6 days paid sick time
11 paid holidays
1 Personal Day
Leadership Development
Reimbursements
Eligible for Government Loan Forgiveness Programs
Employer-paid health insurance for employees and children (Kaiser, Sutter or Western Health Advantage)
HSA Contributions
Flexible Spending Account
401k match
PTO Cash Out
Voluntary Dental, Vision, Life Insurance, Accident Insurance, Disability Insurance and more
Employee Assistance Program
Regular wage step scale increases
Flexible start/end times for some positions
IPhone with unlimited data for personal/professional use and laptop for some positions
Clinical Supervision towards licensure (for certain positions and upon approval)
CEU days for certain positions
Up to $500 CEU allowance for certain positions
Annual BBQ and staff appreciation awards
Annual Gift Card Program
Referral Bonuses
Company
Hope Cooperative
Hope Cooperative is a nonprofit organization that offers mental health and supportive housing services.
51-200 employees
Funding
Current Stage
Growth StageTotal Funding
$2.6MKey Investors
Health Net
2025-06-03Grant· $2.6M
Leadership Team
Erin Johansen
Chief Executive Officer
Karen Dolce
Chief Financial Officer
Recent News
2025-05-08
Sacramento Business Journal
2025-03-06
Company data provided by crunchbase