Development Associate
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Job Location:
Chicago, IL - USA
Monthly Salary:
Not Disclosed
Posted on:
Yesterday
Vacancies:
1 Vacancy
Job Summary
SUMMARY
The Development Associate supports multiple development projects by leading discrete project components coordinating consultants and vendors preparing funding applications and overseeing financial processing during construction and closing phases. This role focuses on execution and milestone achievement and cross-team coordination under the guidance of the Vice President of Real Estate Development.
ESSENTIAL JOB FUNCTIONS include the following. Other duties may be assigned.
- Serve in both support and lead roles for discrete project management tasks across multiple pipeline development projects.
- Coordinate project activities and objectives with contractors consultants vendors and internal stakeholders.
- Support real estate pipeline efforts including site selection zoning analysis feasibility studies market analysis preparation of preliminary project budgets and responses to Requests for Proposals (RFPs).
- Prepare and submit funding applications to public and private funders and assist during underwriting due diligence and project closings including coordination of third-party consultant reports.
- Manage construction draws invoices and the disbursement of project funds and awards during closing and construction phases.
- Prepare draw requests supporting documentation and monthly reporting to financing partners.
- Perform other duties as assigned.
WORKING ENVIRONMENT
This job operates in a professional office environment. This role routinely uses standard office equipment such as computers phones photocopiers filing cabinets and fax machines.
Position experiences interruptions need for frequent shifting priorities and deadlines.
PHYSICAL DEMANDS
The physical demands are representative of those that must be met by an employee in an office setting to successfully perform the essential functions of this job: talking hearing walking sitting standing stooping kneeling or crouching reaching handling; carrying and lifting objects using office and computer equipment (visual contact and keyboard manipulation) as well as the telephone system.
Travel is required to prospective developments and meetings in the community.
Regular predictable attendance is an imperative job function. Evening and weekend work may be required as job duties demand.
MINIMUM QUALIFICATIONS
- Bachelors degree in Finance Accounting Economics Urban Planning or related field.
- Two (2) years of experience in low-income housing development or related work.
PREFERRED QUALIFICATIONS
- Masters degree in Finance Accounting Economics Urban Planning or related field.
- Four (4) years of experience in low-income housing development.
SUCCESS FACTORS
- Strong time management and organizational skills with attention to detail and accuracy.
- Superior written and verbal communication and relationship management skills.
- Highly effective problem-solving and flexibility while remaining focused on solutions.
- Advanced proficiency with MS Word Excel Outlook and PowerPoint.
- Openness to application of Artificial Intelligence platforms to Essential Job Functions.
- Ability to manage multiple priorities and deadlines with attention to detail.
- Collaborative mindset and a commitment to a customer-service orientation toward residents and stakeholders.
- Willingness to travel occasionally and work flexible hours as needed.
- Commitment to professional development and a passion for learning and growth.
- Exercises sound judgments in stressful situations in order to solve problems quickly and efficiently.
Required Experience:
IC
Key Skills
About Company
Hispanic Housing Development Corporation, a leader in Affordable Housing, residential multi-family and senior housing is seeking a Vice President of Property Ma...
