Harmony Housing Affordable Development
Director of Development
Harmony Housing Affordable Development, Raleigh, North Carolina, United States, 27601
Harmony Housing Affordable Development Inc. ("HHAD") is among the largest real estate developers of affordable rental housing in the United States. Our mission is to positively impact communities by creating and preserving quality affordable housing for low wealth households. HHAD is a wholly owned subsidiary of Harmony Housing, a 501c3 not-for-profit owner of affordable housing with an expanding portfolio of owned assets across the country.
Our fast-growing organization is currently seeking an experienced
Director of Development
to join the expanding
Development team . This individual is responsible for overseeing the planning, and execution and advancement of our multi-family development portfolio. This leadership role involves leading a development team and ensuring projects are closed on time and within budget. This is a management position, which includes supervisory responsibilities for personnel, collaboration with the executive management team and oversight of deal structuring and terms.This position works in close coordination with HHAD's Finance, Construction and Executive teams and is based in our Raleigh, North Carolina office, reporting to the Vice President of Development.
The Director of Development requires a deep understanding of the affordable housing sector, strong leadership and project management skills, and the ability to liaise with various stakeholders including potential clients, buyers and sellers, investors and government agencies. The Director of Development will manage all aspects of assigned development projects, from concept to closing, while ensuring compliance with affordable housing regulations. This position requires a great deal of autonomy and accountability, along with strong experience in critical thinking and problem solving, negotiating, networking, and teamwork.
Primary Duties and Responsibilities:
Project Oversight & Management Manage the full development lifecycle for multiple projects, ensuring all milestones are met. Oversee project schedules, funding applications, and entitlement processes. Facilitate and document all development-phase meetings effectively. Financial & Legal Coordination Negotiate purchase and sale agreements, development agreements, and other legal documentation. Identify, secure, and coordinate capital sources, including federal funding, LIHTC, and USDA programs. Ensure compliance with financing and regulatory requirements. Stakeholder & External Relations Represent the organization in meetings with local and state government officials, planning commissions, and community stakeholders. Build strong relationships with governmental agencies, capital providers, and external partners. Lead community engagement efforts, including public meetings and hearings. Design & Construction Integration Collaborate with internal construction teams and external designers to ensure project goals are met. Manage risk assessment and implement mitigation strategies throughout the development process. Team Leadership & Collaboration Lead and coordinate a development team, fostering a culture of accountability and results-driven performance. Work closely with internal teams across construction, finance, and accounting, ensuring seamless project execution. Report on project progress to executive leadership and key stakeholders. Experience, Skills, and Abilities Required:
Bachelor's degree in business, real estate, finance, urban planning, or a related field; a Master's degree is a plus. Minimum of 5+ years of progressive professional experience in affordable housing development, real estate investment, or a related field. Established relationships with developers, owners, management agents, and brokers throughout the designated region. Experience reviewing relative property documents (operating statements, rent rolls, audits, loan documents, etc.); ability to process information including gathering, assessing, organizing, auditing, and verifying data. Strong knowledge of affordable housing mechanisms (e.g., programs such as LIHTC and tax-exempt bond financing, FHA mortgage insurance programs, as well as Agency debt products (Fannie, Freddie, USDA), and familiarity with other affordable housing funding programs and compliance regulations. Proven ability to lead complex projects from inception through completion.
A satisfactory background check will be required as part of the selection process.
At Harmony Housing Affordable Development, we believe that finding creative solutions for our clients comes from the collaboration of people with diverse backgrounds and perspectives. We strive to build an inclusive work environment that celebrates differences and empowers all individuals with opportunities to channel their entrepreneurial spirit. Harmony Housing Affordable Development is an EEO employer.
This job description is not inclusive of all responsibilities, skills, requirements, efforts, or working conditions associated with this position. While this job description is intended to be an accurate reflection of the current position, management reserves the right to modify the position or to require that other or different tasks be performed when circumstances change. This job description replaces all previous descriptions for this position.
Our fast-growing organization is currently seeking an experienced
Director of Development
to join the expanding
Development team . This individual is responsible for overseeing the planning, and execution and advancement of our multi-family development portfolio. This leadership role involves leading a development team and ensuring projects are closed on time and within budget. This is a management position, which includes supervisory responsibilities for personnel, collaboration with the executive management team and oversight of deal structuring and terms.This position works in close coordination with HHAD's Finance, Construction and Executive teams and is based in our Raleigh, North Carolina office, reporting to the Vice President of Development.
The Director of Development requires a deep understanding of the affordable housing sector, strong leadership and project management skills, and the ability to liaise with various stakeholders including potential clients, buyers and sellers, investors and government agencies. The Director of Development will manage all aspects of assigned development projects, from concept to closing, while ensuring compliance with affordable housing regulations. This position requires a great deal of autonomy and accountability, along with strong experience in critical thinking and problem solving, negotiating, networking, and teamwork.
Primary Duties and Responsibilities:
Project Oversight & Management Manage the full development lifecycle for multiple projects, ensuring all milestones are met. Oversee project schedules, funding applications, and entitlement processes. Facilitate and document all development-phase meetings effectively. Financial & Legal Coordination Negotiate purchase and sale agreements, development agreements, and other legal documentation. Identify, secure, and coordinate capital sources, including federal funding, LIHTC, and USDA programs. Ensure compliance with financing and regulatory requirements. Stakeholder & External Relations Represent the organization in meetings with local and state government officials, planning commissions, and community stakeholders. Build strong relationships with governmental agencies, capital providers, and external partners. Lead community engagement efforts, including public meetings and hearings. Design & Construction Integration Collaborate with internal construction teams and external designers to ensure project goals are met. Manage risk assessment and implement mitigation strategies throughout the development process. Team Leadership & Collaboration Lead and coordinate a development team, fostering a culture of accountability and results-driven performance. Work closely with internal teams across construction, finance, and accounting, ensuring seamless project execution. Report on project progress to executive leadership and key stakeholders. Experience, Skills, and Abilities Required:
Bachelor's degree in business, real estate, finance, urban planning, or a related field; a Master's degree is a plus. Minimum of 5+ years of progressive professional experience in affordable housing development, real estate investment, or a related field. Established relationships with developers, owners, management agents, and brokers throughout the designated region. Experience reviewing relative property documents (operating statements, rent rolls, audits, loan documents, etc.); ability to process information including gathering, assessing, organizing, auditing, and verifying data. Strong knowledge of affordable housing mechanisms (e.g., programs such as LIHTC and tax-exempt bond financing, FHA mortgage insurance programs, as well as Agency debt products (Fannie, Freddie, USDA), and familiarity with other affordable housing funding programs and compliance regulations. Proven ability to lead complex projects from inception through completion.
A satisfactory background check will be required as part of the selection process.
At Harmony Housing Affordable Development, we believe that finding creative solutions for our clients comes from the collaboration of people with diverse backgrounds and perspectives. We strive to build an inclusive work environment that celebrates differences and empowers all individuals with opportunities to channel their entrepreneurial spirit. Harmony Housing Affordable Development is an EEO employer.
This job description is not inclusive of all responsibilities, skills, requirements, efforts, or working conditions associated with this position. While this job description is intended to be an accurate reflection of the current position, management reserves the right to modify the position or to require that other or different tasks be performed when circumstances change. This job description replaces all previous descriptions for this position.