Senior Project Leader

Job Description:

PURPOSE

The Senior Project Leader will focus on opportunities in the Midwest, primarily Michigan, but also projects in Ohio and elsewhere. The Senior Project Leader will be accountable for the success of each assigned affordable housing project including deal sourcing in targeted markets, preliminary deal evaluation, negotiation of purchases and related documents, procurement of financing, management of third-party consultants, and coordination of internal resources to facilitate successful closings. The Senior Project Leader must have initiative, be an effective communicator and have excellent organizational skills. The position reports to the Director of Senior Housing Development who manages and directs the team toward excellence.

The Senior Project Leader will be a part of the Development Department at National Church Residences. National Church Residences is the nation’s largest not-for-profit developer and manager of affordable senior housing with 360+ properties in 25 states. The Development Department applies its 40 plus years of property development credentials to initiate, construct, acquire and expand the nation’s senior affordable and market rate housing supply.

DESIRED ATTRIBUTES

· Strong appreciation for the mission of National Church Residences and ability to identify with and support the needs of its residents and other stakeholders.

· Excellent communication skills and willingness to support a multi-disciplinary department of design, construction, finance, legal and project management professionals.

· Demonstrated knowledge of real estate investment and the real estate development process.

· A reliable and responsible team player, that manages time effectively.

· Strong organizational skills.

ESSENTIAL FUNCTIONS AND BASIC DUTIES

The typical responsibilities for this position are to assist immediate supervisor, other origination team members and/or the department with the following with limited direct oversight from supervisor:

1. Identify, pursue and submit tax credit, bond, subordinate (FHLB, HOME, etc.) and lender applications to develop affordable housing communities.

2. Provide recommendations for development team (Syndicator/Investor, Construction and Perm lenders, etc

3. Submit three or more tax credit applications each year. Close two or more tax credit transactions per year.

4. Obtaining not less than two revenue producing projects per year (9% awards

and/or 4% awards, acquisition projects, and/or third-party management contracts.

5. Identify and analyze new and existing senior housing development opportunities. Prepares reports on topics including market investigation, comparable sales analysis, competitor evaluation and demographic research.

6. Actively involved in relationship building and policy-shaping with Michigan State Housing Development Authority, affordable housing owners, developers, brokers and others as needed.

7. Prepare financial underwriting for potential new construction projects, substantial renovations and/or acquisitions.

8. Management of third-party consultants and interpretation of resulting work product / reports.

9. Lead community stakeholder outreach including developing materials and strategies for new development projects. Including but not limited to attending and representing National Church Residences in municipal and community presentations.

10. Lead zoning and entitlement process for affordable housing development.

11. Negotiate and prepare business terms for Purchase & Sale Agreements.

12. Represent National Church Residences with various jurisdictional staff (city,

county, state, etc.).

13. Review construction/rehab plans with Pre-Construction Department, architects and third-party engineers / consultants.

14. Participate in strategic planning efforts for the Development Department and Michigan-Ohio Team.

15. Utilizing various development department resources, take the lead in tracking and satisfying project related critical path benchmarks such as entitlements, third-party reports, design documents and construction approvals.

16. Provide support and guidance as required to Department leaders in such areas as project presentations for external stakeholders, coordination of internal resources, National Church Residences’ internal investment committee, and others.

17. Must adhere to all policies, procedures, terms and conditions set forth in the National Church Residences Employee Information Guide (EIG) as well as any facility handbook including but not limited to corporate compliance, drug free workplace, safe work practices, all federal, state, local regulations and laws.

18. Other duties as assigned

QUALIFICIATIONS

Education: Bachelor’s Degree preferred. Understanding of affordable housing fundamentals, market dynamics, and economic and demographic drivers

Experience: 5 to 7 years of experience in a multifamily and/or affordable housing real estate, preferably with Low-Income Housing Tax Credit experience.

Mental: Must have good verbal and written communication, organizational, comprehension, computer and interpersonal skills. Must have the ability to speak, read, write and understand English.

Licensure: Valid driver’s license and able to meet National Church Residences’ motor vehicle policy.

Skills/Abilities:

· Proficient in Excel and other Microsoft office suite products, with a willingness to learn new forms of technology.

· Ability to manage multiple affordable housing projects in various development stages with limited oversight from supervisor.

· Demonstrated ability to take ownership of projects.

· Demonstrated analytical skills.

· Extensive understanding of affordable housing fundamentals, financing, market dynamics, and economic and demographic drivers.

· Direct experience with tax credits, FHA mortgage programs, tax-exempt bonds, Section 8, and other sources of affordable housing financing.

· Excellent written and verbal communication skills

· Excellent networking skills

· Demonstrated analytical skills, including an understanding of financial models

· Collaborative skills, working with diverse internal and external entities to accomplish project goals

· Demonstrated ability for multi-tasking and meeting simultaneous deadlines

· Negotiation skills

· Ability to travel on a regular basis

· Demonstrates and maintains a positive, professional manner, manages time efficiently and effectively, promotes a team approach, participates in appropriate problem-solving methods.

Vision: The degree of hand and eye coordination as applied to job requirements that induce visual strain. Normal: Consistent with standard workflow.

With respect to said job description, estimate the daily time spent performing the following activities.

General supervision: Employee generally operates by himself/herself checking with supervisor and team members when in doubt and/or as scheduled.

Work Location

Requirements: Employees who reside within 50 miles of our corporate office are expected to work on-site. Candidates living beyond this radius may be considered for a hybrid or remote work arrangement, depending on role responsibilities and organizational needs. We welcome qualified applicants from Ohio, Indiana, and Michigan.

Schedule: 40 hours per week

Pay: Paid Position, negotiable.

ABOUT NATIONAL CHURCH RESIDENCES

Originating from a Christian commitment of service, National Church Residences provides an array of health care services and a variety of housing options to more than 60,000 older adults. The nonprofit organization is driven by a vision to scale for mission impact by advancing better living for 100,000 seniors by 2030, wherever they call home. With more than 350 communities across the United States, it is the nation’s largest nonprofit provider of affordable senior housing and the largest manager of service coordinators. The organization also offers a variety of additional senior living options, home and community-based services, as well as permanent supportive housing for the formerly homeless and disabled. For more information, visit us at NationalChurchResidences.org and follow us on Facebook, LinkedIn and YouTube.

Key Facts

· Employs over 2,300 staff members nationally.

· Is governed by a 21-member volunteer board of directors.

· Is a not-for-profit 501(c) (3) corporation and the largest not-for-profit based in central Ohio.

· Headquartered in Columbus, Ohio.

· Owns and operates six continuing care retirement communities.

· Operates National Church Residences Home and Community Services, a home health care

agency

Development Department Overview

The development of affordable housing and senior living requires support from the public, government and business sectors. National Church Residences applies its 40 plus years of property development credentials to initiate, construct, acquire and expand the nation’s affordable housing supply.

Typical Funding Sources Include:

Affordable Senior Housing

· Low Income Housing Tax Credits 9% and 4%

· Federal Home Loan Bank

· Tax-Exempt Bonds

· HUD, FHA & GSE financing

· Conventional debt

· Community Development Block Grants

· Home Investment Partnership Program Funds

· Other available soft funding

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, ancestry, military status, disability, genetic information and/or any other characteristics protected by applicable law.