Loan Underwriter - Cinnaire Corporation

Job Summary: Cinnaire Lending is a U.S. Treasury certified Community Development Financial Institution (CDFI). At Cinnaire Lending, a Loan Underwriter evaluates and structures loan transactions and assesses the associated risks and mitigants for affordable housing and community development loans. This includes ensuring that the proposed loan meets underwriting guidelines, is appropriately secured by real estate or other collateral, and that it will provide positive financial and social impacts that align with the CDFI mission.

Find more information and full information here.

Affordable Housing Development Manager - North Arrow Partners

Contact: dbg@northarrowpartners.com

Experience with IHDA and HUD preferred.

Pay is commensurate with experience.

Travel is required.

ESSENTIAL FUNCTIONS. The Affordable Housing Development Manager will be involved in all
real estate development activities from the planning stage – pre-development due diligence –
through transition of the asset to Property Management. The Development Manager’s main
duties include project sourcing, planning, site assessment, property acquisition, packaging of
financing, negotiations with lenders, management of pre-development stage, coordination of
closing, participation in construction and marketing teams and project financial reporting.
Additionally, the Development Manager is responsible for real estate research, preparing real
estate development reports and other duties assigned.

Assistant Project Manager - Latin United Community Housing Association (LUCHA)

Application Deadline: December 31, 2023

Starting Date: February 1, 2024

LUCHA is seeking an Assistant Project Manager to join the Community Development team in supporting LUCHA’s pipeline of community-driven affordable housing development projects. With the oversight and support of LUCHA’s Director of Community Development, the Assistant Project Manager will assist with all aspects of the real estate development process, from concept development through acquisition, construction, and initial occupancy.

LUCHA’s current development pipeline includes the adaptive reuse of a church in Logan Square, an 89-unit new construction development in Humboldt Park, a 40-unit new construction development in Humboldt Park and the development of a new office/community center.

Associate Developer - Pennrose

Job Type: On-Site, Full-time, Entry level

Location: Chicago, IL

This position assumes exposure to and participation in all aspects of multi-faceted real estate development projects – both market-rate and affordable - from inception through construction completion and lease-up. This individual is responsible for timely and accurate support to an in-house team of Developers, Senior Developers and Regional Vice Presidents. This individual will gain exposure to external team of financiers, architects, designers, engineers and contractors. Most follow up will be their responsibility. Each Associate Developer simultaneously participates in multiple projects in varying stages of development. This position demands strong financial skills, meticulous accuracy in all work and effective written and oral communication.

Full description and application available via LinkedIn.

Project Manager - Community Development Team, Latin United Community Housing Association (LUCHA)

LUCHA is seeking a Project Manager to join the Community Development team in directing LUCHA’s pipeline of community-driven affordable housing development projects. With the oversight and support of LUCHA’s Director of Community Development and Executive Director, the Project Manager will oversee two or more developments at a time, advancing all aspects of the development process from concept development through acquisition, construction, and initial occupancy.

LUCHA’s 2023 development pipeline includes the adaptive reuse of a church in Logan Square, an 89-unit new construction development in Humboldt Park, and the development of a new office/community center.

We’re seeking a committed and energetic individual aligned with LUCHA’s mission. An ideal candidate will enjoy collaborating with a team and have experience working in the real estate development field. Flexibility and creative problem-solving are key traits. LUCHA will invest in staff development through training and mentorship, and the individual in this role will have the opportunity for growth and contribution to the department’s strategy and direction.

Project Manager - LUCHA - Chicago

To apply, please submit a cover letter and resume via email to mgalarza@lucha.org referencing in the subject line “Project Manager position.” Optionally, a writing sample (a sole-authored document or excerpt of 2 pages or less) and/or a portfolio of comparable work demonstrating relevant experience would be appreciated.

About the Organization

LUCHA (Latin United Community Housing Association) is a non-profit developer and owner of affordable housing in the City of Chicago. We are a mission-driven organization dedicated to advancing housing as a human right through advocacy, development, and services. We operate over 200 units of affordable rental housing in the West Town, Humboldt Park and Logan Square neighborhoods.

Founded in 1982, LUCHA has evolved into one of the Midwest’s premier housing advocates and has served thousands of moderate and low-income families.

Job Description

LUCHA is seeking a Project Manager to join the Community Development team in directing LUCHA’s pipeline of community-driven affordable housing development projects. With the oversight and support of LUCHA’s Director of Community Development and Executive Director, the Project Manager will oversee two or more developments at a time, advancing all aspects of the development process from concept development through acquisition, construction and initial occupancy.

LUCHA’s 2023 development pipeline includes the adaptive reuse of a church in Logan Square, an 89-unit new construction development in Humboldt Park, and the development of a new office/community center.

We’re seeking a committed and energetic individual aligned with LUCHA’s mission. An ideal candidate will enjoy collaborating with a team and have experience working in the real estate development field.  Flexibility and creative problem-solving are key traits. LUCHA will invest in staff development through training and mentorship, and the individual in this role will have opportunity for growth and contribution to the department’s strategy and direction.

Specific and essential duties of the Project Manager may include:

• Oversee project conception, site and market research, zoning analysis, and financial feasibility.
• Prepare and maintain project budgets, operating proformas, and schedules.
• Assemble and manage the development team. Oversee design process to achieve project goals within project budgets and funding requirements.
• Lead all aspects of project financing, including identifying funding sources, completing funding applications, liaising with project funders and syndicators, and managing closings and acquisitions. Funding applications may include for- profit and not-for-profit lenders, City of Chicago and IHDA Low Income Housing Tax Credits (LIHTC), Federal Home Loan Bank (FHLB), City of Chicago TIF, and others.
• Lead all aspects of project construction including contractor selection and negotiation, draw meetings and site visits, and construction draws.
• Engage local community organizers and leaders, tenants and neighbors, and elected officials to build support for projects. Lead public presentations and prepare materials for external communications.
• Duties as assigned by the Executive Director and the Director of Community Development.

Qualifications and Skills:

Candidates must have:

• 3 or more years of experience in real estate development, real estate finance, construction, architecture, urban planning or other related field, with progressively responsible work managing complex projects or initiatives. A master’s degree in urban planning, architecture, business or other related field can be substituted for one year of experience.
• Experience managing substantial portions of 1-2 real estate development projects. Examples of involvement could include proforma analysis, preparing or evaluating financing applications, real estate closings, design, and construction scoping and budgeting.
• Familiarity with affordable housing and the regulations and financing applicable to the industry, especially the LIHTC program.
• Excellent verbal and written communication skills. Experience writing memos, narratives, presentations and financing and grant applications.
• Experience working effectively in a team environment and building relationships with people of diverse cultural, economic and racial backgrounds.
• Integrity and commitment to LUCHA’s mission and values.

Strong candidates will have one or more of the following:

• 3 or more years of experience working on LIHTC or other affordable rental housing developments.
• Experience with community engagement, including presentations to the public, elected officials and other stakeholders.
• Bilingual (English and Spanish) writing and speaking skills.
• Direct experience working with housing finance programs and agencies such as LIHTC, HUD, IHDA, and the City of Chicago Department of Housing.
• Experience with sustainable design and green building certification programs.

Job Requirements:

• Ability to travel and attend occasional meetings on weeknights or weekends.
• Accommodations may be made for individuals with disabilities who otherwise meet the position qualifications and requirements. This position regularly requires the employee to sit, stand, speak, and operate a personal computer. Occasionally, walking and lifting up to 30 pounds may be required. The employee may be required to access sites and buildings under construction, which requires balance and ability to climb as needed.
• LUCHA is a 501(c)(3) nonprofit corporation and an equal opportunity employer.
• Current COVID-19 policies include mandatory vaccination. At this time, the position is a hybrid role with scheduled days working from home and working from LUCHA’s office each week. Benefits include medical, dental, vision and 401(k) employer match.

To apply, please submit a cover letter and resume via email to mgalarza@lucha.org referencing in the subject line “Project Manager position.” Optionally, a writing sample (a sole-authored document or excerpt of 2 pages or less) and/or a portfolio of comparable work demonstrating relevant experience would be appreciated.

Application Deadline: December 31st , 2022

Starting Date: February 1st, 2023

Development Manager - North Arrow Partners - Villa Park, IL

POSITION TITLE: DEVELOPMENT MANAGER

For more information interested candidates should contact dbg@northarrowpartners.com

ESSENTIAL FUNCTIONS. The Development Manager will be exposed to all real estate development activities from the planning stage - pre-development due diligences - through transition of the asset to Property Management. The Development Manager's main duties include project planning, site assessment, property acquisition, packaging of financing, negotiations with lenders, management of pre-development stage, coordination of closing, participation in construction and marketing teams and project financial reporting. Additionally, the Development Project Manager is responsible for real estate research, preparing real estate development reports and other duties assigned. 

RESPONSIBILITIES

Real Estate Acquisitions:

Conducts new housing site search and feasibility analysis to support company’s land acquisition functions for ground-up developments.

Performs cold calling to prospective sellers and maintains and updates real estate call-log.

Negotiates purchase price, prepares letters of intent, and assists with the drafting of purchase and sale agreements.

Affordable Housing Funding Applications:

Researches and maintains database of current affordable housing funding sources and application timelines. Maintains current knowledge of guidelines, policies and procedures for HUD, IHDA, Low-Income Housing Tax Credit, and all other housing development subsidy programs as required.

Assists with the completion of real estate development project funding applications including: Low Income Housing Tax Credits (LIHTC), Federal Home Loan Bank (FHLB), and any additional local and state level funding sources.

Researches market sales comps, rents, utilities, real estate taxes, and other pertinent information to assist with the underwriting of new development opportunities. Participates in the review of budgets, assumptions, and pro-forma analysis.

Coordinates with staff architects, construction managers, and 3rd party consultants to prepare construction drawings, site studies, and other pertinent reports in support of funding applications.

Closing Functions:

Assists with closing related documents including Owner Sworn Statement, Tenant Selection Plan, Property Management Plan, Property Management Agreement, Fair Housing Plan, etc.

Participates in final project close out activities including, but not limited to: ensuring all benchmarks for final completion and payments are met; facilitating the conversion to permanent financing; securing 8609s; and completing cost benefit and quality control analysis of the project

Other Responsibilities:

Maintain electronic document filing archive system for all housing development applications.

Establish and maintain working relationships and communications with elected officials, State Housing Authorities, Federal Home Loan Bank (FHLB), equity syndicators, private banks, and any other funders in coordination with Partners.

For more information interested candidates should contact dbg@northarrowpartners.com

Senior Communicy Investment Operations Specialist - Federal Home Loan Bank Chicago

Who: Federal Home Loan Bank Chicago

What:  At the Federal Home Loan Bank of Chicago, employees come first! That’s why we offer a highly competitive compensation and bonus package, and access to a comprehensive benefits program designed to meet the needs of our employees.

• Medical, dental and vision insurance
• Retirement program (401k and Pension)
• Generous PTO plan · 10 paid holidays per year
• Work from home options
• Casual dress code

As a member of the Community Investment (CI) Team, the Senior CI Operations Specialist will be responsible for analyzing the on-going need for subsidy, and compliance, for projects that have been awarded grants via the Bank’s Affordable Housing Program (AHP). This role will contribute to the effective management of operations by having a thorough understanding of affordable housing finance and community development while staying abreast of industry standards and trends.

Project Manager - Housing Opportunity Development Corporation

Who: Housing Opportunity Development Corporation

What: Housing Opportunity Development Corporation is a community-based nonprofit affordable housing developer founded in 1983 whose mission is to develop, preserve and manage affordable housing for low and moderate income households in Chicago’s northern suburbs.

Position: The organization is seeking a Project Manager to assist in the development of affordable housing projects including new construction and rehabilitation of rental and ownership units for low income households. The successful hire will help create additional affordable housing projects in conjunction with the Executive Director. Basic Functions: This position is responsible for developing affordable housing projects from conception to completion. This includes identifying opportunities, evaluating feasibility, securing approvals, applying for financing, closing, monitoring construction, and project completion.

Status: Full-time; Salaried; Reports to Executive Director

Responsibilities:

Project Management

• Provide project management to develop affordable housing.
• Support identifying and evaluating potential project sites and feasibility.
• Assist in securing local approvals and support.
• Coordinate external stakeholder involvement, including attending community meetings, planning sessions, public hearings, and other events as required.
• Help conduct feasibility analyses including development and operating budgets.
• Assist in compiling project specific due diligence information for funders.
• Aid in preparing applications for funding.
• Perform tasks necessary to close on project financing.
• Coordinate development team members including architects, contractors, and consultants.
• Assist with design and planning for new developments.
• Coordinate with professionals for insurance, accounting, financial reporting and other.
• Oversee construction and handle ongoing monitoring and compliance.
• Prepare closing draws and construction draws.
• Oversee transition of property into operations, conversion to permanent financing, and close-out, including the transfer to operations.
• Maintain and organize projects files.
• Other tasks as needed to create affordable housing.

Requirements:

• Experience in affordable housing development, community development or real estate development.
• Bachelor’s degree in Urban Planning, Public Policy, Architecture, Real Estate, Urban Studies or related field; Master’s degree preferred.
• Demonstrated experience in project management, financial underwriting, construction oversight, and team building.
• Ability to balance competing priorities to meet deadlines for multiple projects.
• Highly motivated and dependable; ability to work independently and as a team.
• Highly personable, energetic and creative.
• Commitment to affordable housing, community building and improving quality-of-life.
• Strong computer skills including proficiency with Microsoft Office software.
• Strong project management, verbal and written communication, interpersonal, conflict- resolution and problem-solving skills.
• Car and valid driver’s license; local travel only.

Salary: Commensurate with experience

HODC, 2001 Waukegan Rd, PO Box 480, Techny, IL 60082 Phone: (847)564-2900; fax: (847)564-2992; e-mail: rkoenig@hodc.org

Project Analyst, Affordable Housing Development - UPholdings

Who: UPholdings is a comprehensive real estate firm that is dedicated to creating, operating, and sustaining quality affordable housing in communities throughout the United States. Our company builds, manages, and operates its projects for the entirety of their operational cycle. Our portfolio includes a wide-range of project types, including family, senior and permanent supportive housing developments. Our portfolio is currently growing, with five (5) new projects under development, and recently-received new financing awards for several projects. We are also expanding to new states including California, Mississippi, and Kentucky.

What: A Project Analyst with UPholdings works to bring projects from the earliest phases of predevelopment to financing applications and eventual contract closing. During this process, the Project Analyst is responsible for a number of related initiatives, including:

• Site assessment and preliminary scoring under various financing programs, such as LIHTC, AHP, and local and state funding sources; 
• Preparing application materials, including drafting responses to RFQs/RFPs and interfacing with third- party vendors; 
• Financial feasibility assessment and pro-forma building; 
• Drafting documents such as “Memorandum of Understanding” with partners, and “Letters of Intent” for real estate acquisitions; and 
• Coordinate with supportive service providers and other key partners.   

Housing Program Officer - Steans Family Foundation (Chicago)

Who: The Steans Family Foundation (SFF) was launched in 1986 to significantly improve the life outcomes of children whose parents do not earn a living wage. The Foundation’s first philanthropic investment was to a class of sixth graders through the “I Have A Dream Program”. SFF provided holistic support to ensure students successfully matriculated to high school, enrolled in college and graduated, or successfully entered the world of work. In 1996, SFF began to focus on the revitalization of vulnerable communities and made a strategic decision to concentrate its grantmaking in North Lawndale, located on the west side of Chicago. In 2016, the SFF expanded its reach to North Chicago, an urban community located north of Chicago in Lake County. The Steans Family Foundation recognizes that effective neighborhood revitalization efforts must come from and be sustained by community leaders and uses this guiding principle to build capacity in partnering with communities.

What: SFF seeks a full-time Program Officer to work with community partners and leaders, public officials, residents, funders and other stakeholders to create, implement and document community-led strategic efforts and further SFF’s inclusive housing investment goals.

Specifically, the Program Officer has responsibility for developing and implementing a new programmatic strategy focused on housing for North Lawndale. This work involves formulating community-specific housing priorities, investment strategies and policy alternatives that drive social change and promote neighborhood transformation while preserving the unique cultural heritage of North Lawndale. The strategy will center on assessing and identifying a range of high quality affordable housing needs and development opportunities.
Responsibilities include:

Program Coordinator - North River Commission (Chicago)

Who: North River Commission is a community-based nonprofit organization founded in 1962 by concerned residents and neighborhood institutions. NRC unites over 100 civic associations, businesses, schools, institutions and places of worship on the northwest side of Chicago to improve the quality of life for all constituents in our community by creating affordable housing, quality education, arts & cultural endeavors, open spaces, and stable neighborhood businesses.

What: The Program Coordinator is essential in developing and maintaining strategic partnerships among stakeholders that result in impactful program delivery. The position leads the affordable housing program and community-engaged planning and development. The position collaborates with the Economic Development Coordinator to deliver services in the Special Service Area and through the Albany Park Chamber of Commerce. The position collaborates with the Executive Director on securing financial support for programs. As needed, the Program Coordinator collaborates with staff, interns, and volunteers on shared projects. All NRC positions collaborate with our communities, including civic associations, organizations, institutions, businesses, government, as well as NRC leaders.
Responsibilities include:

Analyst Positions - Project-Based Voucher Program – Chicago Housing Authority

Who: Chicago Housing Authority, Property Office Department

What: The Chicago Housing Authority is hiring analysts for its Project-Based Voucher (PBV) program. Several positions are available, including Project Manager, PBV Program Analyst, PBV Compliance and Process Analyst, and PBV Program Manager. These positions are ideal for anyone with a strong interest and/or experience in affordable housing policy and compliance.

Senior Development Associate - GC Housing Development (Northbrook)

Who: GC Housing Development LLC - Growing Affordable Housing Developer and Contractor

What: Senior Development Associate to work on development team focused on affordable housing, market rate and community development projects. This Senior Development Associate will work in the areas of development of new project proposals, financial feasibility, pre-development review, project construction/rehabilitation management, and public/private financing for new and rehabilitated low-income and/or market rate housing. Responsibilities include:

Associate - City First Enterprises (DC)

Who: Impact driven community development financial institution (CDFI) focused on promoting equity and opportunity by providing increased access to capital and promoting affordable housing in underserved communities with the goal of ensuring the long term well-being of residents.

What: City First is seeking an individual for an associate position to be support general office operations and administration and assist in programmatic activities with a focus on City First Homes and its affordable housing initiatives.

Operations Coordinator with Affordable Housing Development Company, Chicago IL - Deadline 11/30

JOB POSTING

Job Type: Operations Coordinator with Affordable Housing Development Company

Our Company: UP Development, LLC is an affordable housing development company based in
Chicago, working across the Midwest. Our portfolio includes a wide range of projects types,
different target population groups, and varying communities. UPD’s portfolio includes 13
affordable multifamily properties (each consisting of 20-100 units). UPD is growing as we
currently have three (3) new projects under development, and were recently awarded financing for
several projects throughout the Midwest. Our company employs a small talented team with
expertise in affordable and supportive housing developments.

Description: The Operations Coordinator will:
• manage budgets, accounting, and payment procedures for contractors, and other vendors, for projects under-construction;
• coordinate on-going project tasks with vendors, site managers, and contractors;
• compile various financing, due-diligence, compliance, and supportive documentation related to under-development projects;
• prepare and implement schedules and processes relevant to project lease-up and marketing;
• work closely with UPD’s affiliated property management company on various management tasks related to operational projects and projects under-construction;
• draft and implement various company marketing procedures and content, such as press releases, company newsletters, and other similar content;
• work closely with various financing partners, including various state and local administrative agencies, to ensure project compliance and benchmark goals are being adhered to; and
• tend to various office administrative tasks as may be needed.

Candidates for this position should possess relevant experience and knowledge in real estate
financing and development. Accounting experience is a plus. A Bachelor’s degree and 1-3 years’
experience is required. Candidates for this position should have the ability to work well on teams,
remain organized, be detail-oriented and meet deadlines.

More importantly than specific knowledge of these various tasks is the intellect and entrepreneurial
spirit needed to juggle multiple projects and tasks while considering the “big picture”. Our firm
understands the insularity of the industry and will work to teach through assignments. Our
professional environment ensures an open-door policy and encourages questions and
collaboration.

Compensation: Compensation and benefits will be commensurate with experience. UP
Development, LLC is an Equal Opportunity Employer.
Application Deadline: November 30, 2017.

Apply by sending your resume and cover letter to ashley@updevelopers.com.

Project Analyst with Affordable Housing Development Company - Deadline 11/3

Job Type: Project Analyst With Affordable Housing Development Company

Our Company: UP Development is seeking a Project Analyst to join its small, close-knit
development team. Our firm has recently been awarded several projects and is in the midst
of working on many other affordable neighborhood projects. Our portfolio includes a range of
project types, ranging from permanent supportive housing for the disabled to mixed-income
downtown communities. Our firm has active development across Illinois, Indiana, Ohio and
California.

Project Analyst’s primary function is to support leadership in the creation and implementation of
housing development. The Analyst works to bring projects from the earliest phases of concept
design through financing applications. Analyst will be responsible for a number of projects at
any given time. Some of the specific tasks may include:

• Site assessments and analysis of zoning codes
• Request for Proposal and Request for Qualification responses
• Project underwriting, Financial feasibility analysis and pro forma building
• Memorandum of Understanding and Letter of Intent drafting
• Coordination with supportive service providers
• Coordination with third parties and consultants
• Qualified Allocation Plan analysis and scoring
• Assembling detailed and precise financing applications, including LIHTC, HOME,
FHLB AHP, CSH and others.

Candidates for this position should possess relevant experience and knowledge in real estate
financing and underwriting. Prior experience in housing and/or community development is a
plus. Bachelor’s degree and 1-3 years’ experience are required. Candidates for this position
should have ability to be a part of a team, communicate effectively in person and in writing,
perform spreadsheet analyses, remain organized, be detail-oriented and meet deadlines, and take
initiative to exemplify motivation.

More important than specific knowledge of these various tasks is the intellect and entrepreneurial
spirit needed to juggle multiple projects and tasks at the same time and manage daily tasks while
thinking ahead. Our firm understands the insularity of the industry and will work to teach
through assignments. Our professional environment ensures an open door policy and encourages
questions and collaboration.

Salaries are competitive and commensurate with experience. Interested individuals should send a
resume with letter of application.


UP Development is an Equal Opportunity Employer.

Application Deadline: November 30, 2017.
Apply by sending your resume and cover letter to erin@updevelopers.com

Assistant Director - Programs Coming Home of Middlesex County, Inc.- New Brunswick, NJ

Assistant Director, Programs
Coming Home of Middlesex County, Inc.

New Brunswick, NJ

Job brief
Coming Home of Middlesex seeks a dynamic and mission-driven individual, with experience in the creation of affordable housing in New Jersey, to join our team. Our mission is to end homelessness in Middlesex County through the creation of partnerships and systems to match resources with particularized need.

Responsibilities

• Direct the Homes for Homeless Program which entails:
• searching for and acquiring properties with the potential to create affordable housing
• identifying possible sources of funding, both public and private, that may be available for the creation and sustainability of affordable housing
• assisting in the formation of a development team for the creation of supportive housing
• providing support to the development team (e.g. developer, service provider, property manager, municipality) to perfect applications for funding and other functions during and after construction/rehabilitation
• improving the program to enhance time-to-market activities, increase the quality of the final product, and reduce overall costs
• Develop additional programs to aid in the satisfaction of our mission in collaboration with associates and in consideration of available objective data
• Maintain, and continue to develop, our considerable network of stakeholders and collaborators
• Conduct outreach to community and stakeholders to educate on the matter of homelessness in the County and on barriers to housing
• Engage with landlords in the County to educate and negotiate arrangements for the housing of those experiencing homelessness
• Assist with branding and marketing of Coming Home through the website and other social media
• Use objective data on homelessness to inform and write applications for funding
• Perform any other duties assigned within your capabilities

Requirements

• Experience in the creation of affordable housing
• Full understanding of state and local sources of funding for affordable housing, including familiarity with all financial forms required by NJHMFA funding
• In depth knowledge of laws, rules and regulations regarding the creation of affordable housing
• Experience working with budgets, including the building of a capital stack and requisite state financing documents (e.g., HMFA Form 10)
• Experience with grant-writing
• Competency in all MS Office programs and relevant databases (data analytics, GIS, and online real estate databases preferred)
• Strong verbal and written communication along with exceptional presentation skills
• Well organized with excellent time management skills
• Valid real estate agent/broker license preferred
• Prior work in homelessness, urban planning and development, or real estate finance preferred
• Bachelor's degree; Masters preferred

Salary commensurate with experience

Salary range: 40,000 - 45,000