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Director of Real Estate Development (Hybrid Schedule 4 Days in Office & 1 Day Remote)

ORGANIZATION DESCRIPTION

The West Side Federation for Senior and Supportive Housing, Inc. (WSFSSH) is a is a non-profit housing developer, operator, property manager, and service provider providing affordable housing and services to the elderly, homeless individuals, persons living with HIV/AIDS, individuals with mental illness, and others in need for almost 50 years.

DEPARTMENTAL DESCRIPTION

W SFSSH operates a range of housing – including independent apartments, single-room-occupancy residences, and licensed adult care facilities – on the Upper West Side, Central Harlem, and the South Bronx. Several buildings are co-located with community facilities that benefit our residents and the surrounding neighborhood. Examples include federally qualified health centers, senior centers, dental clinics, daycares, and community meeting spaces. WSFSSH has completed five major projects comprising nearly 800 units and 110 shelter beds in the last eight years. Our current 5-year pipeline includes 5 projects, both new construction and restructuring existing assets.

The Director of Real Estate Development position reports to the Chief Executive Officer and works closely with the other members of the WSFSSH Executive Leadership Team (Chief Financial Officer, Chief Operating Officer and Managing Directors) to guide WSFSSH’s development growth.

RESPONSIBILITIES

The Director of Real Estate Development oversees all activities of WSFSSH’s real estate development department and supervises a team of four dedicated real estate development staff members, including an Associate Director, who identify, evaluate, obtain financing, build and lease-up real estate projects that further the mission of WSFSSH.

Duties include:

Set Strategic Direction : Identify strategic paths for ongoing housing development:

+ Identify and evaluate existing financing opportunities/constraints for development

+ Conceptualize and test new financing strategies for development

+ Identify sites for development

+ Guide and oversee production of funding/RFP proposals for maximal competitiveness

+ Create and routinely update a five-year strategic development plan

Provide Supervision and Support: Provide oversight, guidance, and assistance to enable members of the development team to navigate all aspects of the development process:

+ Lead negotiations on complex real estate matters (i.e. acquisition contracts, commercial leases, financial and/or regulatory legal documents, etc)

+ Provide detailed review of key project documents related to transactional and legal concerns

+ Review and approve underwriting for all projects at critical stages of development

+ Engage in higher level partner communications

+ Cultivate cross-departmental collaboration (marketing, facilities, finance, etc) to facilitate workload efficiencies and project phase transitions

+ Coach, counsel, and be a sounding board to all development team members

Lead Staff Development & Training: Cultivate a diverse and high performing development team with career ladders for retention and advancement:

+ Identify key abilities for required development staff performance at each level of staff engagement and establish metrics for evaluating skills growth over time

+ Engage in ongoing skills assessment with staff to identify relevant professional development opportunities to enhance both performance and growth

Represent WSFSSH: Individually or in partnership with others, represent WSFSSH in a variety of forums to advance WSFSSH’s mission:

+ Represent WSFSSH in delivering presentations to internal and external parties related to development matters

+ Attend development-relevant conferences, professional associations, and other public meetings on behalf of WSFSSH

+ Collaborate with housing providers and others to establish and carry out development-related advocacy agendas

QUALIFICATIONS

Administrative and Managerial

+ Passionate about WSFSSH’s mission and impact

+ 5-10 years of real estate development experience in the affordable &/or senior housing sector

+ Bachelor’s degree required. Master’s degree in a related field preferred or a combination of education and relevant experience.

+ Exceptional written, oral, interpersonal, and presentation skills

+ Ability to execute tasks while juggling priorities and maintaining attention to detail

+ Commitment to foster a team-centered work environment

Strategic

+ Strong analytic ability and comfort with complexity

+ Clear-eyed approach to identifying critical path items and potential solutions

+ Ability to anticipate future opportunities and trends and to assign staff responsibilities accordingly

Financial

+ Thorough understanding of real estate underwriting fundamentals and related tax credit concerns

+ Measurable experience with Federal, State and local financing requirements for affordable housing

Qualitative

+ Transparent, direct, and kind in interactions with colleagues

+ Ability to work with efficiency, flexibility, and with good humor

+ Possessing spark, imagination, and creativity

+ Tactful and diplomatic in organizational settings

+ Self-starter, self-disciplined

Benefit Overview

Westside Federation of Senior & Supportive Housing offers full-time employees a comprehensive choice of benefits that include Medical, Dental, Vision, 403 (B) retirement savings, Flexible Spending Accounts (FSA), Life & Disability, Short-term and Long- term Disability, Employee Assistance Program (EAP) commuter benefits and more. Voluntary benefit options and Time Off that includes 11-12 paid Federal Holidays, accrued Vacation and Sick Time.

EEO Policy or Statement

WSFSSH is an Equal Employment Opportunity Employer (EEO); employment is based upon employees ’ qualifications without discrimination, on the basis of race, creed, color, national origin, religion, sex, age, disability, marital status, sexual orientation, military status, citizenship status, genetic predisposition or carrier status, or any other protected characteristic as established by law.

Monday through Friday 09:00 am to 05:00 pm

35 Hours