|Durham Community Land Trustees (DCLT) is seeking candidates with experience in housing and development. The Director of Real Estate Development (RED) is a member of the Executive Management team and is responsible for all real estate development activity. The RED Director, under the supervision of the Executive Director, will oversee all projects from feasibility to operation. Duties include site selection, acquisition, financial analysis proposals, capital improvements to the rental portfolio, and partnership relations. Training and supervision of the project management staff is the responsibility of the RED Director.
DCLT is a community land trust that builds strong communities by developing, managing, and advocating for permanent affordable housing. We offer Durham residents with low and moderate incomes a stable foundation for achieving economic security for over 30 years, DCLT has used the community land trust model to curb displacement through the provision of rental and for-sale homes. DCLT builds new construction, performs gut rehabilitations, and acquires all property types to further the mission. Multiple projects are in DCLT’s development pipeline, including innovative ADU development, sustainable net zero housing, and various development partnerships.
Role Expectations the RED Director supports the long-term vision of DCLT through collaboratively working with the leadership team to maintain a development pipeline. The candidate should have the ability to communicate easily with diverse stakeholders (stakeholders, professionals, vendors, neighbors, and partners). The position involves carrying out some project management responsibilities as needed and overseeing project management activities of the development team.
• Identify potential project acquisition, development partnerships, funding strategies, and innovative solutions for additional housing (land, new construction, and rehabilitation).
• Oversee the development team and construction process of various types of residential construction projects.
• Maintain participation in the community through local meetings and affinity group activities.
• Identify other professional organizations related to housing development activities and establish appropriate relationships.
• Identify sources for development financing and, as necessary, make applications to those sources.
• Prepare financial proformas pre-development, construction, and operational periods.
• Negotiate site control for acquisition of land and/or buildings.
• Prepare applications for competitive funding sources including tax credit allocation, project grants, and funding from City, County, State and Federal agencies as appropriate.
• Notify community groups and neighbors of intent to develop or purchase project and maintain ongoing communication with neighborhood interests during design and development.
• Identify project investor(s) and lender(s), in collaboration with other development and fiscal staff.
• Collaborate with the Executive Director on the organization’s advocacy at the local, state, and federal levels; represent DCLT in providing public input, public comment, and recommendations, both verbally and in writing.
• Staff the Properties & Projects Committee of the Board of Directors.
• Close out funding sources at completion of project development.
• Initiate and maintain communication with other DCLT departments during feasibility, funding, project development and close-out activities.
• Participate in transition from construction completion to property management operations.
• Identify potential projects and partnerships for development.
• Prepare and maintain preliminary development cost estimates in collaboration with other DCLT leadership, design professionals, and/or general contractors.
• Develop preliminary operating cost estimates in collaboration with Property Management.
• Identify potential permanent funding sources for individual projects.
• Identify and analyze DCLT’s exposure and risk including financial, political and community aspects.
• Attend various community and organization see
• Must work well with different personalities and create positive working relationships.
• Capable of understanding planning regulations, drawings, design concepts, and working with a range of real estate and construction-related professionals.
• Understand market conditions and real estate development process.
• Proven organizational and problem-solving skills.
• Interest in affordable housing and community development.
• Proficient in Microsoft Office suite, especially Word, Outlook, and Excel.
• Well organized, detailed oriented, and excellent analytical skills. Proficiency in financial analysis utilizing Excel.
• Ability to perform several tasks concurrently with ease and professionalism.
• Good public presentation skills; excellent writing and communication skills.
• Self-starter with the ability to work independently, efficiently, and with a high degree of initiative.
• Ability to think creatively.
• Valid Driver’s License required.
• Manage multiple tasks simultaneously.
• College degree preferred. 5+ years’ experience required.
• Business administration, real estate, construction, planning, project management, construction or design profession background preferred.
Hours, Salary and Benefits: Position works 37.5 hours, Monday-Friday. $75,000-$85-000/ yearly. Competitive benefits package.
– Two Health Insurance plans to choose from (both Blue Cross Blue Shield) – 100% EMPLOYER paid
– Dental & Vision – 100% EMPLOYER paid
– Flexible spending accounts/Dependent care accounts/ health care saving accounts offered- Employee pays
– Short- term & long-term & life insurance – 100% EMPLOYER paid
– Retirement contribution to 403b
(if employee contributes 1% of salary annually, DCLT will contribute 5% after one year of employment)
– Supplemental insurance – employee pays
– Supportive of professional development
– Diverse staff and high-functioning team