Director, Home Building and Stabilization

Housing Partnership Network

(Detroit, Michigan)
Full Time Travel Required
Job Posting Details
About Housing Partnership Network
The Housing Partnership Network is an award-winning business collaborative of the nation's leading affordable housing and community development nonprofits.
Responsibilities
The Director – Home Building & Stabilization reports directly to the Vice President - Real Estate Development and is responsible for leading all single-family real estate development activities for the organization. This position requires a breadth and depth of real estate experience and a genuine commitment to the mission of building and preserving quality housing and transforming communities. The ideal candidate will have experience managing traditional “soft second” and NSP/HOME acquisition/rehab/sale programs, as well as a thorough understanding of the market fundamentals and trends in the primary and secondary mortgage finance markets. Experience in multi-family and commercial real estate will be extremely beneficial. This position also requires a commitment and ability to partner effectively with a range of key stakeholders. Additionally, Develop Detroit is a start-up environment, so strong candidates will have demonstrated ability to operate in very fluid, fast-moving and lean organizations. **Major Duties & Responsibilities:** * Provide strategic leadership in the development of a model or models for single-family for-sale and rental development that maximize mission impact, achieve scale, promote place-making, mitigate risk, and help the organization reach self-sufficiency and capital growth through fee income, cash flow, and appreciation. * Work closely with the Vice President of Real Estate Development and CEO on all matters related to single family development and the integration of single family with other forms of real estate and revitalization work undertaken by Develop Detroit. * Bring a depth of experience in single family real estate including: acquisition, renovation, and sale of single family homes subject to federal funding restrictions; experience with innovative mortgage products and alternative forms of tenure (e.g. land contracts, cooperatives, mutual housing, condominiums, single family rental); detailed knowledge of effective means of efficiently performing asset and property management and contracting across scattered sites; and experience with effective homeowner counseling and financial literacy initiatives. * Build or obtain internal protocols and systems necessary to manage workflow, deadlines, and compliance obligations, including asset management, vendor qualification, contract letting, and documenting compliance with all applicable federal, state, and local laws, regulations, and standards, including Fair Housing, and the requirements of any subsidized financing programs utilized. * Identify new partners and creative ways for the organization to increase its impact while maintaining a focus on the mission. * Represent the organization at speaking engagements, public hearings, and other public forums at the discretion of the Vice President of Real Estate and the CEO. * Participate in advocacy and policy matters related to the organizational mission at the discretion of the Vice President of Real Estate and the CEO. * Oversee timely and efficient progress on all projects and work closely with the organization’s development partners to ensure successful completion. * Manage internal production of project packages for commercial, intermediary and public financing, including project grants.
Ideal Candidate
**Qualifications:** * At least eight years of project and program management experience in the real estate development/finance field. This experience can be a mix of multi-family/commercial as well as single family development and finance. * Knowledge of real estate development best practices broadly with a depth of experience in single-family affordable housing. This will include market rate and affordable homeownership development and programming, community stabilization interventions focused on single-family real estate, single-family portfolio asset and property management, mortgage financing initiatives, neighborhood stabilization strategies and homeownership counseling. * Excellent understanding of real estate market dynamics and demonstrated experience with “demand-driven” strategies for single-family development. * Experience with financing, grants, and resources for affordable housing and neighborhood revitalization focused on single-family development and the promotion of home ownership. * Demonstrated ability to create successful projects completed on or ahead of schedule, on budget with maximum financial return, highest quality, and greatest community impact. * Resourcefulness and strategic thinking to overcome obstacles to secure appropriate resources is required. Excellent written and oral communication skills, including demonstrated skill in making effective presentations at public forums, are required. * Strong negotiating and external collaboration skills, as well as sound political judgment, are required. * Ability to develop feasibility analyses, create pro formas, monitor project budgets and timelines. * Knowledge of applicable zoning laws, codes and permitting regulations, real estate and mortgage brokerage regulations and professional standards. * Excellent relationship-building skills and a customer-service orientation that lead to sustainable and mutually beneficial external partnerships. * Comfortable working in a high-energy, team-centric, start-up environment. * Demonstrated belief in the mission of affordable, quality housing and successful community development. * Bachelor’s degree or equivalent experience required; Master’s degree preferred. **Other:** * Some travel required. * This position is based in Detroit, MI.
Compensation and Working Conditions
Reports to Vice President - Real Estate Development

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