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EAH Housing

Director RED - SoCal (8912 - RED)*Hybrid Remote Position*

EAH Housing, Los Angeles, California, United States, 90079


Explore a career at EAH Housing.

Start or continue a career in real estate development and management with EAH Housing. We are looking for talented and skilled professionals as we expand our property portfolio throughout California and Hawai`i. As a mission-based nonprofit organization and industry leader for more than 50 years, we live up to our values and work to create opportunities to empower people to live better lives. Join us and make a difference today.

What we offer

We offer a comprehensive benefits package that includes medical, dental, vision, disability and life insurance, as well as a 403(b) retirement plan with a 5% match. We also offer generous vacation accrual, holiday schedule, and work schedule flexibility.

We believe in work / life balance.15 days of vacation per year (which increases based on years of service)10 paid sick days per year13 paid holidaysFlexible Start Times (REM Onsite Positions)

We take care of our employees.Competitive Salaries403b Retirement Plan with 5% company matchEmployee Wellness ProgramComprehensive Medical Insurance PlansAffordable Dental & Vision InsuranceFlexible Spending AccountEAP – Mental Health, Financial and Legal Services$1,500 Employee Referral ProgramEAH University, an in-house training program

This position is for a full-time RED Director to work at EAH Corporate in Tarzana, California. This is a hybrid remote position (3 days office/2 days remote). Must have a Bachelor’s degree in Real Estate, Finance, Civil Engineering; Business, or related field. 3-5 years of experience in residential multi-family development, particularly sourcing land, or existing buildings for purchase. An emphasis on deed restricted affordable housing, including multi-family developments financed with LIHTC in California strongly preferred. Background in planning, zoning, and general entitlements. 2 years supervisory experience with proven leadership abilities. Salary range: $125,000.00 to $220,000.00 per year; hiring range for new employees is generally $125,000.00 to $172,500.00 per year, DOE.

POSITION OVERVIEW

Primarily responsible for managing initial aspects of acquisition activities, including the evaluation of potential acquisition projects, marketing and externally representing EAH, and negotiating terms of purchase and sale agreements and other formal agreements. Responsible for initiating acquisition opportunities consistent with the company’s mission and strategic plan and proposing new opportunities to the executive management team.

RESPONSIBILITIES

Drives and researches sites in EAH’s opportunity cities. Researches ownership and title information on high prospect sites and cultivates relationships with property owners.

Performs all basic due diligence work on potential sites deemed generally viable for development purposes.

Leads Business Development staff through the entitlement process.

Creates and analyzes preliminary financial projections with assistance of Real Estate Development staff for proposed transactions.

Coordinates with project development staff on basic financial terms and conditions viable for purchase and sale agreements.

Reports to Chief Real Estate Development Officer regarding the financing of each new deal.

Establishes memorandums of understanding, letters of intent, purchase and sale agreements, or other tools to formalize relationships with partners.

Assists in negotiations for the purchase of property and terms of financing.

Works with supervisor to negotiate terms and specific language to be included in purchase and sale agreements.

Manages seller relationship through closing.

Obtains public approval by developing and implementing community acceptance strategies.

Coordinates geo-technical and environmental analysis, planning and building code research, community planning, entitlements, and market analysis.

Ensures that local approvals and neighborhood acceptance of proposed housing development projects occur.

Ensures efficient transition of purchased assets to Real Estate Development Department.

Meets with Executive Team as well as CREDO on regular basis to coordinate all acquisition activities.

Works with Executive Team and President to develop annual goals and budget for acquisitions.

Maintains positive working relationships with lenders and grant sources.

In conjunction with the Real Estate Development Department and President, prepares and makes public presentations to city planning commissions and city councils related to various EAH projects.

Identifies and cultivates relationships with for-profit developers.

Works with other organizations within the housing development, healthcare, and religious communities to create opportunities and support for low-income housing development.

Assists in identifying and evaluating new financial partners.

Represents EAH at targeted industry conferences and seminars.

Serves as organizational representative to housing organizations, public agencies, financial institutions, and community meetings.

Attends mandatory training.

Regular and predictable attendance.

Other duties as assigned.

SUPERVISORY RESPONSIBILITIES

May supervise one or more Analysts or department staff. Hires, trains, supervises, motivates, and develops staff.

QUALIFICATIONS

Bachelor’s degree in Real Estate, Finance, Civil Engineering; Business, or related field. At least 3-5 years of direct experience in residential multi-family development. An emphasis on deed restricted affordable housing, including multi-family developments financed with Low Income Housing Tax Credits in the State of California strongly preferred. Background in planning, zoning, and general entitlements. 2 years management/supervisory experience with proven leadership abilities.

DESIRABLE ADDITIONAL QUALIFICATIONS

Master’s Degree in Business, Finance, Real Estate, Civil Engineering, Economics or other related field.

Success in full cycle development of affordable housing using California Low Income Housing Tax Credits or other related programs.

Ability to create a draft feasibility analysis of proposed site.

CRIMINAL BACKGROUND CHECK REQUIREMENTS

EAH Housing conducts criminal background checks on all candidates who have received a conditional job offer. Satisfactory completion of background check and fingerprinting requirements is a requirement of employment with EAH.

EAH Housing is an AA/EEO/Veterans/Disabled Employer. CA BRE #00853495 | HI RB-16985

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