DEVELOPMENT MANAGER

Job Title:Development Manager Department: Strategic Initiatives Reports To: Assistant Director of Strategic Initiatives FLSA Status: Exempt Salary Range: $85,000 - $100,000 annually Position Summary The Development Manager is responsible for managing affordable housing development and redevelopment projects through all phases of the development process, including project feasibility, financial underwriting, pre-development, financing, construction, lease-up planning, and transition to operations. An equivalent combination of education, training, and experience may be substituted Preferred Qualifications Housing Development Finance Professional (HDFP) Certified Housing Development Professional (CHDP) Project Management Professional (PMP) Other relevant housing, finance, or development credentials Knowledge, Skills, and Abilities Must possess a valid drivers license.

Job Title:Development Manager Department: Strategic Initiatives Reports To: Assistant Director of Strategic Initiatives FLSA Status: Exempt Salary Range: $85,000 - $100,000 annually Position Summary The Development Manager is responsible for managing affordable housing development and redevelopment projects through all phases of the development process, including project feasibility, financial underwriting, pre-development, financing, construction, lease-up planning, and transition to operations. The position serves as LMHAs primary project lead for assigned development initiatives and is responsible for coordinating internal staff, development partners, consultants, contractors, lenders, investors, funding agencies, and regulatory partners to ensure successful project delivery. Working collaboratively with Asset Management, Housing Preservation, Finance, Construction Management, and Property Management stakeholders, the Development Manager helps ensure a seamless transition from development activities to long-term operations and asset performance. Essential Duties and Responsibilities Development Financial Analysis & Underwriting Prepare and maintain development pro formas, sources and uses statements, operating projections, and financing analyses. Evaluate project feasibility and recommend development and financing strategies. Conduct financial modeling, sensitivity analyses, and scenario planning to support project decision-making. Assist in identifying and securing debt, equity, grant, and subsidy resources necessary for project implementation. Support financing closings and related transaction activities. Development Project Management Manage assigned development and redevelopment projects from concept through construction completion and transition to operations. Coordinate due diligence activities including appraisals, environmental reviews, surveys, market studies, capital needs assessments, and related analyses. Monitor project schedules, budgets, risks, milestones, and compliance requirements. Coordinate consultants, development partners, architects, engineers, contractors, and regulatory agencies. Prepare reports, recommendations, and project updates for departmental leadership and stakeholders. Construction Oversight & Project Delivery Coordinate with internal and third-party construction management personnel to monitor project schedules, budgets, construction progress, and overall project performance. Participate in construction progress meetings, site inspections, project reviews, and risk management activities. Monitor construction-related deliverables, change orders, and budget impacts. Coordinate resolution of project issues among development, construction, and operational stakeholders. Development Financial Management & Draw Administration Coordinate and manage development funding draws from lenders, investors, grantors, and other funding sources. Review draw requests, contractor payment applications, supporting documentation, and project expenditures for compliance with funding requirements. Monitor development expenditures and available funding throughout the development process. Coordinate with Finance, construction management personnel, consultants, lenders, and investors regarding disbursements and financial reporting requirements. Support cost certification, audits, project closeout accounting, and other post-construction financial requirements. Transition to Operations & Asset Management Collaborate with Asset Management personnel beginning in the pre-lease-up phase to support operational readiness and successful project transition. Coordinate transfer of development assumptions, operating projections, reserve requirements, warranties, project documentation, and compliance information to Asset Management and operational staff. Support lease-up planning and stabilization activities in coordination with Asset Management and Property Management personnel. Assist with project closeout, warranty tracking, and post-construction transition activities. Participate in evaluation of project performance following occupancy and stabilization. Strategic Initiatives Support Assist the Director and Assistant Director in evaluating development opportunities and advancing projects within LMHAs redevelopment and preservation pipeline. Support preparation of funding applications, development proposals, procurement documents, and related project materials. Monitor affordable housing finance programs, development trends, and industry best practices. Perform other related duties as assigned. Minimum Qualifications Education Bachelors degree in Real Estate, Finance, Business Administration, Urban Planning, Public Administration, or related field. Experience Five (5) years of progressively responsible experience in affordable housing development, real estate development, housing finance, or a related field. Experience preparing financial proformas and evaluating project feasibility. Experience managing complex development projects involving multiple funding sources and stakeholders. Low Income Housing Tax Credit experience required. Public housing redevelopment experience preferred. An equivalent combination of education, training, and experience may be substituted Preferred Qualifications Housing Development Finance Professional (HDFP) Certified Housing Development Professional (CHDP) Project Management Professional (PMP) Other relevant housing, finance, or development credentials Knowledge, Skills, and Abilities Must possess a valid drivers license.Knowledge of LIHTC, Historic Tax Credits, tax-exempt bond, other development financing toolsKnowledge of project management principles and practices.Knowledge of affordable housing, community development, public administration, urban planning, or related fields.Ability to interpret regulations, policy guidance, notices, and technical requirements.Strong research and analytical skills.Ability to manage multiple projects and deadlines simultaneously with strong organizational skills and attention to detail.Ability to establish and maintain effective working relationships and coordinate complex initiatives involving multiple stakeholders.Excellent oral and written communication skills, including reports, applications, presentations, and technical documents. Technology Proficiency Microsoft Office (Word, Excel, Outlook, PowerPoint, Teams, SharePoint)Virtual meeting platforms, online application platforms (i.e. Grants.gov) Core Competencies Financial AcumenCommunicationRelationship BuildingAttention to DetailAccountabilityInitiativeIntegrity and ConfidentialityTeamworkAdaptabilityProblem SolvingTime Management Working Conditions Work is performed primarily in a professional office environment. Occasional local travel to LMHA properties, meetings, and community events is required, which may occur on evenings or weekends. Physical Requirements The position requires the ability to sit, stand, walk, communicate effectively, and operate standard office equipment. Disclaimer This job description is intended to describe the general nature and level of work performed by an employee assigned to this position. It is not intended to be an exhaustive list of all duties, responsibilities, or qualifications. Management reserves the right to modify or assign other duties as organizational needs require.