Senior Director, Real Estate Development

ABOUT US: - We believe that everyone deserves a home!

Breaking Ground operates nearly 4,000 units of housing across New York City, along with housing in upstate New York and Connecticut. Supportive housing - affordable housing paired with services designed to help people maintain their homes for the long-term - is widely recognized as a proven and cost-effective solution to chronic homelessness.

But we didn't stop at providing housing. Breaking Ground's programs and services help people experiencing street homelessness - especially those who have been on the streets the longest - to come indoors. Through our Street to Home outreach program and transitional housing resources, we help people get, and stay, on the path to a permanent home.


Reporting to the Vice President, Real Estate Development, the Senior Director, Real Estate Development assists in the planning and implementation of new construction, conversion, and preservation real estate projects. The Senior Director manages project timelines and funding and maintains strong relationships with external partners critical to project development.

A considerable amount of travel throughout New York City will be required.


ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Prepare and update financial proformas for proposed projects
• Establish project schedules and manage pre-development process
• Assist in program design and planning/coordination with operations and service provider
• Identify possible sources of funding and assess feasibility of proposed projects
• Prepare applications for real estate project funding
• Conduct due diligence for acquisition opportunities
• Develop and maintain strong partnerships with HDC, HFA, HPD, OMH, HHAP, banks, syndicators, contractors, lenders, and architects
• Manage real estate closings
• Negotiate debt and equity term sheets
• Manage attorneys in real estate closings; review and approve closing documents
• Coordinate with CFO regarding guaranty obligations and covenants
• Manage transition to Operations at construction completion/lease up/start up
• Conduct financial analysis of proposed partnerships with market rate developers
• Supervise Senior Project Manager and Project Manager
• Perform other duties as assigned

MINIMUM QUALIFICATIONS:


• Bachelor’s degree required; graduate degree in Urban Planning or Real Estate Finance strongly preferred
• Minimum 7 years of real estate development or lending experience required
• Extensive knowledge of affordable housing finance
• Proficiency with Microsoft Office Suite programs including Word, Excel, Outlook, and Microsoft Teams
• Must be able to travel to project sites throughout NYC


EOE/M/F/Vet/Disabled