Director of Real Estate Development

Ask Yourself?

Do you believe that providing individuals and families with high-quality housing can change the trajectory of their lives?

Are you an expert in affordable housing finance and development?

Do you have seven or more years’ experience managing real estate development projects from concept through completion?

Why?

Mosaic Development Group seeks a Director of Real Estate Development to join their team. Mosaic is an award-winning, nonprofit developer, owner, and operator of affordable housing across the state of North Carolina. With a deep history and a long-standing commitment to strengthening the very fabric of communities in which they work, they believe that providing individuals and families with high-quality housing can change the trajectory of their lives.

Want to know more, visit www.mosaicdevelopmentgroup.org.

What Will You Do as Mosaic Development Group’s Director of Real Estate Development?

The Director of Real Estate Development is responsible for coordinating and overseeing affordable housing developments from concept through completion including supervising architects, engineers, and other consultants. In addition to maintaining primary responsibility for a small portfolio and their own projects, this position oversees the work of other development team members who each manage their own projects. The Director of Real Estate Development also prepares and submits required documents and develops strategies for affordable rental housing and mixed-use development. The Director researches potential development sites, identifies and recommends funding strategies, and assists in site assembly and acquisition. This seasoned professional reports directly to the Executive Director.

Responsibilities include:
Managerial/Organizational:

• Recommend target areas, project type and financing options to guide overall development goals for the organization and recommend priority projects for pipeline pursuit.
• Supervise staff involved in development activities as assigned by the Executive Director.
• Work closely with Construction Manager on projects under construction, helping mitigate challenges as they arise.
• Coordinate with Asset Management as necessary to plan for appropriate underwriting and capital improvements associated with refinance of existing real estate assets.
• Review and recommend approval of project draws as prepared by Construction Manager.
• Coordinate with Accounting for efficient financial reporting for development projects.

Housing Development:
Manage all aspects of affordable housing real estate development for assigned projects, including coordination and oversight of the following activities:

• Successfully implement assigned development projects from concept through conversion including managing project budgets, funding applications, financing package, due diligence, and project schedule with assistance from other development staff and Construction Project Manager.
• In partnership with Executive Director and Development Team Members, implement new systems and best practices to modernize Mosaic’s development efforts and set the organization on a path for growth and future success.
• Recommend pipeline projects to the Executive Director for consideration.
• Negotiate with landowners, partners, contractors, and consultants for assigned projects.
• Establish relationships with City and County officials and appear before Planning and Council hearings as necessary for government and site approvals.
• Submit potential projects, funding applications and financial packaging to the Executive Director for approval.
• Manage development budget, and interface with construction lender and funders.
• In coordination with the Construction Manager, review and recommend approval of Change Orders and manage contingency funds.

Key Lived Experiences, Attributes and Skillsets of the Director of Real Estate Development

• Bachelor’s degree in real estate, business, planning or similar field.
• Minimum of 7 years experience in affordable housing real estate development.
• Ability to maintain relationships with local government, investors, lenders, landowners, partners, contractors, and consultants.
• Experience supervising and motivating staff.
• Understanding and reporting of financial and operational outcomes including financing options such as LIHTC, HOME, RPP, FHLB AHP.
• Self-motivated, goal-oriented, well-developed interpersonal, time management and crisis management skills.
• Proficiency in SmartSheet, Microsoft Suite (Word, Excel, Outlook, OneDrive), Procore or similar real estate development software.
• Valid driver's license and ability to travel within North Carolina to various job sites.

Why Mosaic Development Group?

Since 1966, the support of organizations and individuals has helped Mosaic Development Group develop over 4,200+ units of affordable housing across North Carolina providing a home to an estimated 26,500 families, senior citizens, and individuals with special needs. In addition, there are over 200 housing units in the pipeline for development or rehabilitation. Mosaic believes high-quality housing, which is affordable to a variety of incomes, is a catalyst for vibrant healthy communities. Mosaic’s vision is that everyone has access to high quality housing they can afford, in thriving communities that offer a variety of jobs and services.

Think you are the next Mosaic Development Group Director of Real Estate Development?

To apply, click on the link to the Mosaic – Director of Real Estate Development position profile at ArmstrongMcGuire.com/jobs. You will see instructions for uploading your compelling cover letter, resume, salary requirement, and professional references. Please provide all requested information to be considered. 

Salary is commensurate with experience and starts in the $125,000 range. This is a full-time, hybrid position. Mosaic Development Group’s benefits package includes health insurance, vacation based on length of employment, 403(b) retirement plan with 3% matching contribution, dental insurance, life insurance, disability insurance and vision insurance.

In order to provide equal employment and advancement opportunities to all individuals, employment decisions by Mosaic will be based on merit, qualifications, and abilities. Mosaic Development Group does not discriminate in employment opportunities or practices on the basis of race, color, national origin, sex, marital status, sexual orientation, age, religion, qualified veteran status, or qualified physical or mental disability that may be accommodated. Mosaic Development Group’s equal employment opportunity philosophy applies to all aspects of employment, including recruitment, training, promotion, transfer, job benefits, pay, and dismissal.

In case of any technical problems, contact talent@armstrongmcguire.com. No phone calls, please, and no applications will be accepted by email or directly from third-party posting sites.