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AKRON METROPOLITAN HOUSING AUTHORITY Position Title: Manager of Real Estate Development Department: Real Estate Development Reports To: Director of Real Estate Development FLSA Status: Exempt MINIMUM: $70,500 Salary is based on education and experience related to the position. Summary This position has the overall responsibility for assisting with the management of the Real Estate Development Department. Critical functions of this position include real estate development, finance, general real estate matters, program administration and federal, state and municipal regulatory compliance. All activities must support AMHA's mission, strategic goals and objectives. Essential Duties and Responsibilities The below statements are intended to describe the general nature and scope of work being performed by this position. This is not a complete listing of all responsibilities, duties and/or skills required. Other duties may be assigned. Assists with the analysis, development and implementation of a comprehensive plan for AMHA's real estate development and repositioning initiatives to maximize income and preserve/create asset value and income; assists with the development of hold/sell analyses and asset valuation. Assists with the structuring, design, negotiation and supervision of real estate development and redevelopment transactions, including Choice Neighborhoods, bond financing, use of Low-Income Housing Tax Credits, grants and other mixed financing and HUD programs (RAD, etc.). Identifies funding sources; fosters financial and business support for projects; explores and negotiates terms with lenders and investors; assists in securing grants and loans; conducts business due diligence reviews of complex financial agreements and loan documents. Manages due diligence analysis of real estate development opportunities relative to insurance, legal, land, architectural and environmental issues. Negotiates the business terms and manages real estate acquisitions, demolitions and dispositions. Project manages the disposition of AMHA's vacant lots. Assists in monitoring changes in Federal and other regulations applicable to real estate development and works with co-workers to develop and implement procedures to ensure compliance. Research, interpret, apply, and comply with HUD and other regulatory compliance. Assists in planning and implementing Summit Lake Transformation Plan and otherwise assists with the Summit Lake Choice Neighborhoods initiative. Handles general real estate matters (licenses, property line disputes, encumbrances, easements, etc.) Ensures deadlines and program goals are met. Assists with monitoring department expenditures and overseeing capital and pro forma operational budgets for projects. Provides technical consultation and assists in the development of Request for Proposals as needed. Assumes special projects as required; provides feedback and assists, when necessary, in the preparation of AMHA's 5-Year and Annual Plans; Fosters and maintains positive relationships with co-workers, residents, and community partners. Facilitates cross-functional communication and cooperation. Performs other duties as assigned. Knowledge, Skills, & Abilities To perform this job successfully, an individual should demonstrate the following competencies: Skills & Abilities Familiarity with affordable housing development, including financing resources (ex. LIHTC) Strong knowledge of general real estate principles and practice, including transfer of real estate, deeds, title, due diligence, real estate closings, real estate finance, etc. Ability to research and interpret federal and state rules and regulations Financial management skills; ability to work with mathematical concepts and apply concepts such as fractions percentages, rations,