Director RED - SoCal (8912 - RED)**Hybri

Explore a career at EAH Housing.

Start or continue a career in real estate development and management with EAH Housing. We are looking for talented and skilled professionals as we expand our property portfolio throughout California and Hawai`i. As a mission-based nonprofit organization and industry leader for more than 50 years, we live up to our values, and work to create opportunities to empower people to live better lives. Join us and make a difference today.

What we offer.

We offer a comprehensive benefits package that includes medical, dental, vision, disability and life insurance, as well as a 403(b) retirement plan with a 5% match. We also offer generous vacation accrual, holiday schedule, and work schedule flexibility. We believe in work / life balance. 15 days of vacation per year (which increases based on years of service) 10 paid sick days per year 13 paid holidays Flexible Start Times (REM Onsite Positions) We take care of our employees. Competitive Salaries   403b Retirement Plan with 5% company match Employee Wellness Program Comprehensive Medical Insurance Plans Affordable Dental & Vision Insurance Flexible Spending Account EAP – Mental Health, Financial and Legal Services $1,500 Employee Referral Program EAH University, an in-house training program

This position is for a full-time RED Director to work at EAH Corporate in Tarzana, California. This is a hybrid remote position (3 days office/2 days remote). Must have a Bachelor’s degree in Real Estate, Finance, Civil Engineering; Business, or related field. 3-5 years of experience in residential multi-family development, particularly sourcing land, or existing buildings for purchase. An emphasis on deed restricted affordable housing, including multi-family developments financed with LIHTC in California strongly preferred. Background in planning, zoning, and general entitlements. 2 years supervisory experience with proven leadership abilities. Salary range: $125,000.00 to $220,000.00 per year; hiring range for new employees is generally $125,000.00 to $172,500.00 per year, DOE. Please note an offer will take into consideration the experience of the final candidate and the current salary level of individuals working at EAH in a similar role.

COMPANY OVERVIEW

Established in 1968, EAH Housing is one of the largest and most respected nonprofit housing development and management organizations in the western United States. EAH develops low-income multifamily housing, manages more than 222 properties throughout in California and Hawai’i, and plays a leadership role in local, regional, and national housing advocacy efforts.

EAH Housing puts its core values into action every day as our staff of 700 people serves 25,000 residents in 87 municipalities. We offer competitive wages, comprehensive benefits, professional development, and invest in our employees through extensive training programs. Please visit our www.eahhousing.org to learn more about us, our culture, and how we strive to maintain excellence in everything we do.

For immediate consideration, please apply to requisition DIREC003711 on our website at www.eahhousing.org/careers

POSITION OVERVIEW

Primarily responsible for managing initial aspects of acquisition activities, including the evaluation of potential acquisition projects, marketing and externally representing EAH, and negotiating terms of purchase and sale agreements and other formal agreements Responsible for initiating acquisition opportunities consistent with the company’s mission and strategic plan and proposing new opportunities to the executive management team.

RESPONSIBILITIES

• Drives and researches sites in EAH’s opportunity cities. Researches ownership and title information on high prospect sites and cultivates relationships with property owners.
• Performs all basic due diligence work on potential sites deemed generally viable for development purposes. Due diligence review includes reviewing preliminary title reports, evaluating infrastructure review with local public works, and building officials, estimating market values through comparable sales analysis prior to appraisal, and assessing ability to obtain entitlements for contemplated projects in the context of local general plan and zoning designations.
• Leads Business Development staff through the entitlement process.
• Creates and analyzes preliminary financial projections with assistance of Real Estate Development staff for proposed transactions; Compiles comprehensive deal analysis packages and assesses risk associated with any acquisition for review by supervisor and Executive Team; creates a development and/or acquisition strategy.
• Coordinates with project development staff on basic financial terms and conditions viable for purchase and sale agreements that are specific to the community and related subsidy environment for affordable housing developments.
• Reports to Chief Real Estate Development Officer regarding the financing of each new deal, including revenue stream and developer’s fees and development checklists approvals.
• Establishes memorandums of understanding, letters of intent, purchase and sale agreements, or other tools to formalize relationships with partners, but will not have signature authority.
• Assists in negotiations for the purchase of property and terms of financing.
• Works with supervisor to negotiate terms and specific language to be included in purchase and sale agreements as well as monitoring key performance dates under agreements once a site is under contract to purchase.
• Manages seller relationship through closing.
• Obtains public approval by developing and implementing community acceptance strategies, giving public presentations on behalf of the project.
• Coordinates geo-technical and environmental analysis, planning and building code research, community planning, entitlements, and market analysis.
• Ensures that local approvals and neighborhood acceptance of proposed housing development projects occur, including submitting use applications, and attendance at hearings and neighborhood meetings. Obtains public approval by developing and implementing community acceptance strategies, giving public presentations on behalf of the project.
• Ensures efficient transition of purchased assets to Real Estate Development Department.
• Meets with Executive Team as well as CREDO on regular basis to coordinate all acquisition activities.
• Works with Executive Team and President to develop annual goals and budget for acquisitions. Develops organization’s overall acquisition strategy in coordination with other departments and executive staff.
• Maintains positive working relationships with lenders and grant sources.
• In conjunction with the Real Estate Development Department and President, prepares and makes public presentations to city planning commissions and city councils related to various EAH projects. Also makes presentations in other public venues and to the EAH Board of Directors, as necessary.
• Identifies and cultivates relationships with for-profit developers.
• Works with other organizations within the housing development, healthcare, and religious communities to create opportunities and support for low-income housing development.
• Assists in identifying and evaluating new financial partners.
• Represents EAH at targeted industry conferen