AHC Inc. is seeking dynamic and highly motivated individuals to join its real estate development team in Arlington, VA. The firm is a leading regional player in affordable, workforce and mixed-income rental housing development and has accumulated a substantial track record of completing large, complex, and innovative transactions. Candidates must have real estate development experience but prior affordable housing experience is not a prerequisite.
About the Team:
The Multifamily Division offers team members a fun, fast-paced, environment in which to tackle the many challenges of real estate development while making a meaningful difference in our community. The team is responsible for identifying, acquiring, financing and constructing or renovating large-scale multifamily properties. We utilize a wide range of affordable and conventional financing tools, including Low Income Housing Tax Credits and Historic Tax Credits, a variety of debt products, and creative public-private partnerships to raise the necessary capital to complete innovative affordable, mixed-use, and mixed-income transactions.
About the Job:
The Development Manager role is broadly defined at AHC and the selected individual will have responsibility for the full range of tasks associated with each assigned project from initial concept development through zoning approvals, financing, construction completion and lease-up. Specifically, Development Managers work with the Division Director and other team members.
•Identifying potential new projects and lead efforts to obtain site control
•Generate development budgets and pro forma to evaluate financial feasibility
•Negotiate with lenders and investors to obtain acquisition, construction, and permanent financing
•Work with zoning counsel and local jurisdictions to gain approval of land entitlements and/or financial support
•Coordinate the underwriting and closing process, including document review
•Evaluate and select third-party professionals to be development team members
•Oversee the development of construction and/or renovation plans
•Present to senior staff, the Board of Directors, community groups and local governments
•Manage development team members during all phases of development/construction
•Graduate degree in finance, real estate, urban planning, or other relevant discipline
•Strong entrepreneurial drive coupled with intense curiosity and creativity
•Desire to take ownership of projects while working well within a team environment
•Ability to juggle multiple complex projects at various points in the development cycle
•Experience preparing and evaluating development budgets and financial projections
•Strong interest in affordable housing and a passion for creating positive change
•Experience in multifamily housing development and/or project management
•Knowledge of construction, property operations, and other applicable fields is a plus
•Excellent oral, written and interpersonal skills
•Ability to work independently
For immediate consideration, please email your cover letter and resume to firstname.lastname@example.org or visit & apply on our website www.ahcinc.org, under the ‘About Us’ tab. E/O/E
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