Description

Compensation Type: Annual salary
Job Type:
Full Time

Pay Range: $90,000-$110,000
Organization's Mission: CDCU is a non‐profit organization and community development financial institution (CDFI) whose mission is to help our community thrive by empowering people on their path toward financial security, housing stability and access to affordable homes. CDCU offers a variety of programs and services including financial and housing counseling and education; home related financial assistance and lending such as down payment and mortgage assistance and mortgage, critical repair and consumer loans; and real estate development and preservation of single‐family and multi‐family homes.
Organization's Race, Equity, Diversity, & Inclusion Statement and Work: CDCU is an Equal Employment Opportunity employer where employment is based upon personal
capabilities and qualifications without regard to race, creed, color, ethnicity, national origin, religion,
sex, sexual orientation, gender identity, gender expression, age, physical or mental ability, veteran
status, military obligations, and marital status. This policy applies to recruiting, hiring, compensation,
benefits, termination and all other terms and conditions of employment.
This job description in no way states or implies that these are the only duties to be performed by the
employee incumbent in this position. Employee will be required to follow any other job‐related
instructions and to perform any other job‐related duties requested by any person authorized to give
instructions or assignments.
Position Summary: The Director of Real Estate is responsible for developing and implementing CDCU’s real estate strategy.
This role requires collaboration with CDCU’s Board of Directors and strong relationship building skills
with external partners and clients. The Director plays a crucial role in developing CDCU as a leader in the
affordable housing community.
Primary Responsibilities: Oversee the development and implementation of CDCU’s real estate strategy, continually
evaluating and implementing operational efficiencies and ensuring activities align with CDCU’s
mission.
 Secure, coordinate, implement, and evaluate complex housing programs and projects including
acquisition and rehabilitation of existing single‐family and multi‐family homes, new construction
of single‐ and multi‐family home ownership and rental projects, and property management
oversight of rental projects.
 Serve as member of organization’s executive leadership team.
 Manage the Real Estate Development Committee, a sub‐committee of the Board of Directors–
prepare agenda, projects, discussion and identify outcome for CDCU Board communication.
 Manage department consisting of a real estate project manager and coordinating outside real
estate brokerage.
 Pursue diverse funding sources including federal, state, and regional housing and economic
development grants and ensure project compliance with grant or permit regulations.
 Assist with developing internal funding products with expansion of large loan fund at CDFI.
 Maintain knowledge of Low‐Income Housing Tax Credits (LIHTC), financial incentives, and other
incentives available to achieve affordable housing.
 Prepare applications for LIHTC projects and other grant and loan programs.
 Maintain knowledge of legislative, tax and financing programs applicable to affordable housing.
 Initiate and maintain relationships with community organizations, state and local governments,
financial institutions and corporations interested in affordable housing.
 Prepare development budgets and analyze financial feasibility.
 Develop proforma capital development and operating budgets and financing applications that
incorporate many different financing sources.
 Coordinate the submission of due diligence to government agencies, lenders, and investors.
 Lead real estate acquisition and development/redevelopment processes, including site planning,
zoning and permits, proforma/budget development, and construction management.
 Responsible for monitoring the process of all design & construction‐related contractors. Lead
the construction process by negotiating construction documents and contracts, monitoring
construction progress and resolving conflicts during Owner‐Architect‐Contractor meetings,
overseeing draws, and monitoring construction costs and budget.
 Develop and implement a system for capturing data to be used in reporting and evaluating
project progress.
 Manage development services for other clients.
 Keep abreast of new trends in affordable housing, conduct innovative research and develop new
housing types.
Desired Qualifications: EDUCATION/ EXPERIENCE:
 7+ years demonstrated experience in real estate finance, acquisition, preservation and
development
 Experience working with affordable housing programs or housing policies including developing
Low Income Housing Tax Credit projects
 Undergraduate degree or combination of relevant course work and related work experience
 Prior experience in project management preferred
KNOWLEDGE/SKILLS:
 Success at real estate development, acquisition and preservation, and generation of developer
fees and revenue when compared against approved project completion schedules and Board
approved budget limits.
 Comprehensive knowledge of the modern principles, practices, and techniques pertaining to the
development of affordable housing programs.
 Considerable knowledge of and ability to build relationships with community organizations,
state and local government agencies, funders and other housing‐related partners.
 Skills for meeting and dealing with the public and other bodies and presenting information in a
clear, organized, and convincing manner.
 Ability to negotiate developer agreements, land, and real estate contracts.
 Ability to achieve desired financial and operational results with minimal or general supervision.
 Demonstrated technical expertise to analyze and negotiate financial and operational details of
real estate developments with developers, contractors, lenders, investors, and government
officials.
 Skills in personal computer software packages such as word‐processing and spreadsheets and
generating development proformas.
 Ability to relate and interact with people of diverse social and economic backgrounds.
 Ability to handle sensitive or confidential financial information.
Benefits / Why Work With Us: CDCU offers a comprehensive set of benefits including paid time off days (depending on
tenure), 13 paid holidays, paid parental leave, SEP IRA retirement savings plan, disability and life
insurance, and primarily employer‐paid health medical insurance.
How to Apply: Send resume & cover letter to Todd Reeder at todd@cdcutah.org.
Location: 501 E 1700 S, Salt Lake City, UT 84105

Information

Job Post Link: Visit additional job posting information.
Organization Website: Visit website
Contact: Todd Reeder
Email: todd@cdcutah.org
Phone: 801-994-7222