Assistant Director of Development – Holsten Real Estate Development Corporation
Responsibilities
- Manage and coordinate all phases of development, including financial modeling, securing necessary approvals for financing, design development, financial closing, and overseeing financial management and timeline of project during construction, lease up, and permanent financing conversion.
- Manage efficiently tasks necessary to obtain permits and other approvals, including design development, submission of applications, attendance at community meetings, and ongoing coordination with the design team.
- Analyze project financial feasibility, including creating and updating complex proformas and budgets. Deal structures may include low-income housing tax credits, tax-exempt bonds, historic tax credits, public subsidies, and private or agency debt.
- Preparation of appropriate applications for funding resources, including Qualified Action Plans (QAPs) for City of Chicago Department of Housing and Illinois Housing Development Authority.
- Structure and negotiate real estate development transactions utilizing affordable housing financing tools.
- Review legal documents, including partnership and consultant agreements, to ensure key business terms are accurately reflected.
- Coordinate with property management and resident services during predevelopment, relocation during construction, and lease up of the property to ensure smooth tenant relations.
- Continue project management tasks through construction completion and lease-up, including adherence to schedule, construction draw and change order processing, and quality control.
- Represent Holsten, helping to build and strengthen working partnerships with city governments and public agencies; community groups and tenant organizations; and project team members.
- Perform other duties as needed and as assigned.
Qualifications
- Minimum three (3) years of project management work related to real estate development, planning, architecture, community development or construction management. Real estate transactional experience and understanding of affordable housing programs strongly preferred.
- Bachelor’s or Master’s degree in real estate, economics, business, architecture, public administration or other related fields.
- Strong financial and analytical skills, including experience with financial modeling of tax credit transactions in Excel.
- Highly organized and detail-oriented.
- An entrepreneurial mindset and creative approach to problem-solving in the field of real estate development. Ability to work independently as well as be a team player.
- Ability to communicate effectively, both verbally and in writing. Excellent public presentation/speaking skills.
- Ability to work with diverse stakeholders, including public agencies and community groups.
Salary will be commensurate with experience and qualifications. Excellent benefits provided. The position reports to the Director of Development and will work closely with the Director of Construction and President of Holsten Real Estate Development Corporation.
To apply, please send your resume and cover letter to Donna Clayborn at donnaclayborn@holstenchicago.com
Holsten is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws