Real Estate Development Specialist

REPORTS TO: Director of Real Estate Development DATE: May 2025

GRADE LEVEL/SALARY: 2$1164$1970.40 Biweekly

Position Summary:

As a significant part of the Housing Business Unit this position is responsible for working closely with the Director of Real Estate Development and the Project Manager of Real Estate Development to participate in every phase of real estate development. The Real Estate Development Specialist (REDS) would also be actively involved as developments progress through to completion. The REDS would be familiar with the due diligence associated with real estate acquisitions and real estate closings. The REDS would interact with development partners funding agencies contractors property managers and other key partners.

Responsibilities:

• Complete tasks as assigned by Director of Real Estate Development and Project Manager.
• Maintain project files including correspondence reports and invoicing for funding agencies lenders partners and third party contractors.
• Ship or mail project documents as required. Monitor and distribute incoming mail and shipments.
• Work within the Housing Business Unit and with fiscal department as directed.
• Work closely with NeighborWorks Federation of Appalachian Housing Enterprises Alabama Housing Finance Authority South Carolina Housing Finance and Development Authority Federal Home Loan Bank and other housing partners.
• Communicate and coordinate with Asset Manager as needed for work related to new and existing projects.
• Communicate and Coordinate with Fiscal staff to ensure prompt and accurate processing of accounts.
• Take all internal and interagency meeting minutes as needed.

Additional Responsibilities:

• Work as directed on NeighborWorks Week projects.
• Other duties as may be necessary to fulfill the responsibilities of this position.

Work Relationships and Scope:

Measure of Performance:

Works in harmony with agency leaders and especially with the members of the Housing Business Unit. Exemplifies servant leadership. Excellent communication skills. Accurate timely reliable and thorough. Accepts feedback willingly. Represents the values of the Partnership in action and word. Acts with confidence and deliberateness. Selfdirected. Ability to work without close supervision. Maintains confidential information. Measures of performance include:

1. Daily: monitor and respond to emails/correspondence from funders lenders development partners and thirdparty consultants responding in less than 24 hours.
2. Daily: tracking returning logging and filing documents for financial legal and organizational requirements.
3. Weekly: submit purchase orders for RED invoices and contractor/vendor/partner invoices.
4. Weekly: Log invoices and payments as journal entries in cost workbook (Excel).
5. Monthly: Submit reporting as may be required by housing authorities participating jurisdictions (PJs) and lenders (e.g. CHDO reports). Reports created by PM or DRED.
6. Quarterly: Submit reporting as may be required by housing authorities PJs and lenders. Reports created by PM or DRED.
7. Annually: Assist in submitting in a timely manner CHDO applications and funding applications as may be required by housing authorities and PJs.
8. Acquire certification related to the development of projects through the LowIncome Housing Tax Credit program.

Knowledge Skills and Abilities:
High school diploma is required with additional postsecondary education or certifications preferred. Proven understanding of real estate acquisition processes and loan closings. Ability to work closely and successfully with internal and external team to achieve results. Proficient with Microsoft Office tools and able to learn and use other digital tools that will enable the Housing Business Unit to be successful. Exceptional customer service and communication skills that presents a professional interaction to funding agencies partners consultants and third party contractors.

Incentives:

This position is subject to performance and production incentives as follows:

1. 1% of draws for developer fee on RED projects.
2. $100 for successful funding applications LIHTC CHDO etc.
3. Incentives determined by the Director of Real Estate Development based on significant milestones accomplishments and certifications accomplished.

Working Conditions:

Work is performed primarily in an office setting with minimal safety issues. Able to work in a collaborative missionoriented environment with minimal supervision. Willing to travel periodically and work flexible hours as needed. This position requires sitting standing and bending. This position requires a valid drivers license proof of vehicle insurance and safe driving record. Must successfully pass a drug screen and criminal background check.

Acknowledgement:

This job description describes the general nature and level of work performed by the employee assigned to this position. It does not state or imply that these are the only duties and responsibilities assigned to the job. The employee may be required to perform other jobrelated duties as requested by the Executive Director/CEO. All requirements are subject to change over time and to possible modifications to reasonably accommodate individuals with a disability.