Director of Real Estate Development

Position: Director of Real Estate Development

Reports to: Executive Director

Program/Department:

Work Location: BCS Headquarters in downtown Brooklyn operating under a hybrid working model

Hours: Monday - Friday 9am - 5pm; include the need to be available for evening and weekend hours;

Full Time - 35 hours per week

Travel required in Brooklyn

Salary Range: $125000 - $150000

FLSA Status: Exempt

About BCS:

Brooklyn Community Services is one of New York Citys leading human services organizations serving thousands of individuals annually through programs spanning housing stability family well-being workforce development and community health.

Position Summary:

The Director of Real Estate Development is a critical highly responsible role that owns and drives all phases of the real estate development cycle - oversees the planning financing and execution of affordable and supportive housing projects as well as working on asset and property management where needed for our current small portfolio of real estate projects. This role requires a proficient independent leader who will be the organizations lead on real estate matters.

Reporting to the Executive Director this role will provide an opportunity to help grow BCSs affordable and supportive housing portfolio and ensure smooth functioning going forward. Along with Executive Director will manage and negotiate relationships with joint venture partners community groups and elected addition the role develops and maintains relationships with internal departments. BCS has two active pipeline projects in need of project leadership with future projects anticipated.

The ideal candidate has 5 years of experience in real estate development affordable housing finance or project management strong financial and Excel skills and a passion for advancing supportive housing and other forms of housing supporting the unhoused. Prior experience with nonprofit or mission-driven housing organizations and board reporting is preferred along with construction project management experience.

Responsibilities:

• Contribute to the long-term real estate development strategy of BCS by directing and executing the strategic pursuit of new development opportunities including identifying joint venture partners as well as leading all major RFP responses

• Provide additional support to advance the organizations real estate portfolio and long-term growth by developing policies procedures and best practices for real estate development and operations

• Work with joint venture partners to source and negotiate private and public capital terms for acquisition pre-development construction and permanent financing

• Collaborate with contractors consultants legal property management facilities and social service teams to ensure successful project development construction rent-up and building openings

• Ability to manipulate complex financial models to create feasible projects including the development budget construction and permanent funding sources operating budget and cash flow statements and build these models as needed

• Manage development budgets and track project expenses to ensure alignment with approved development and operating budgets

• Assist in selection and then help manage the work of the entire development team including project architects financing consultants general contractors lenders legal counsel and other professionals

• Manage communication with internal teams senior management BCS Board Real Estate Committee government agencies and joint venture partners

• Other related tasks as assigned

This job description is not designed to cover or contain a comprehensive listing of activities duties or responsibilities that may be required of the employee. Duties responsibilities and activities may change or new ones may be assigned at any time with or without notice.

Qualifications:

• Masters degree preferred (or BA/BS with 5 years) in real estate urban planning public policy business or related field

• Minimum 5 years of experience in real estate development affordable housing real estate finance or project management

• Strong financial analysis and budgeting skills with advanced proficiency in Microsoft Excel including experience in low income housing tax credits (9% and 4%) transactions highly preferred

• Experience working with NYC HPD HDC and NYS HCR OTDA Programs.

• Fluency with city state and federal affordable housing programs and policies

• Demonstrated ability to manage multiple real estate development projects simultaneously and independently

• Passion for supportive housing and alignment with BCSs mission

• Highly organized detail-oriented and self-motivated with the ability to work both independently and as part of a team

• Excellent written verbal and email communication skills

• Prior experience with nonprofit or mission-driven housing organizations and board reporting preferred.

• Benefits Package: A robust comprehensive benefits package is offered including:

  • Generous paid time off: 23 vacation days 13 paid holidays and 12 sick days.

  • Comprehensive health voluntary dental and vision insurance.

  • 403(b) retirement savings plan with a competitive employer match.

  • Employer-paid Life Insurance and Long-Term Disability.

  • Pre-tax commuter benefits and Flexible Spending Accounts for healthcare and dependent care.

  • Financial coaching benefits and Credit Union Membership access.

  • Employee Assistance Program and professional referral incentive programs.

  • Employment eligibility for public service loan forgiveness programs.

An Equal Opportunity Employer. Auxiliary aids and services are available upon request to individuals with disabilities.