SRO Housing Corporation is a community-based non-profit dedicated to building vibrant communities for homeless and low-income individuals in Los Angeles. We are committed to restoring a sense of dignity, civility, and respect for a population that has been habitually ignored and forgotten. With more than 36 years of experience, SRO Housing has embraced a more comprehensive and holistic approach to eradicating homelessness by providing the full continuum of housing, short-term/emergency, transitional, and permanent supportive housing, all in private units. We are the largest provider of affordable single-room occupancy homes in the Western United States. Over 2,300 formerly homeless and low-income men and women reside in our 30 properties and we have over 400 homes currently in development.
The Director of Real Estate Development is an Executive position that supports SRO Housing Corporation’s overall mission in affordable housing by providing leadership in meeting short and long-term strategic real estate needs. Assists with leading the agency-wide strategy, planning, development and management of real estate and space. Responsible for ensuring real estate plans support the strategic vision and plan providing affordable housing in the Los Angeles Skid Row community.
ESSENTIAL JOB ACTIVITIES AND RESPONSIBILITIES:
• Work in tandem with professional brokerage firms to identify sites for housing development.
• Gather market and business intelligence that might identify real estate and partnership opportunities which support programming and space needs.
• Supervise the execution of real estate development projects from initial conception through construction, to lease-up and stabilized occupancy.
• Work with legal counsel to negotiate purchase agreements, partnership agreements and related legal documentation.
• Develop and implement department systems and processes in areas of Construction and Design to ensure the successful execution of apartment and hotel design and build, on-time and within budget.
• Lead strategic growth in affordable rental, acquisition/rehabilitation, mixed income, mixed use, seniors, and special needs development.
• Cultivate and maintain strong relationships with existing and potential capital providers, including lenders, equity investors, foundations, and public housing finance entities.
• Source and identify new joint venture partners who meet the Company’s criteria, and create relationships which will provide a consistent pipeline of suitable investment opportunities.
• Cultivate and maintain strong working relationships with Property Management and Resident Services and Accounting functions.
• Assists in organizational planning and development, including strategic planning.
Education: Masters Degree or equivalent, preferably in related areas (e.g., real estate, urban planning, economics, business)
Experience: 10 years of related experience and/or training in housing, planning, business or real estate finance, or equivalent combination of education and experience. Experience closing Low Income Housing Tax Credit funded projects. Experience with state/local politics, government planning, and resource and tax credit allocation processes, including establishing effective relationships with local officials, planning boards, and neighborhood groups. Working knowledge of entitlement and public approvals process.