Under the general direction of the Executive Director or their designee, the Chief Officer of Real Estate plans, organizes, directs, and manages the real property acquisition/disposition, development functions, and asset management functions, of real estate owned by the Authority, its subsidiaries and affiliates or owned by partnerships in which the Authority, its subsidiaries and affiliates participate. Supervises multiple departments and Directors, as assigned, including Real Estate, Asset Management Departments, and nonprofit organizations, including facilitating board meetings, and their administration and business activities.
Communication, Leadership and Relationships
- Interacts and communicates effectively and professionally with other Authority leadership, other employees, Authority attorneys, consultants, residents, clients, vendors, neighbors, and other members of the community.
- Ensures the highest quality of customer service and professional partnerships in the conduct of development activities.
- Provides leadership and direction to all staff with responsibilities for real estate development, acquisition/disposition, and asset management in order to plan work effectively and efficiently to achieve the Authority’s mission and goals.
- Confers with the Deputy Executive Director for Program Administration to ensure that the budgets, financial statements, and reports are in compliance with regulatory requirements and the objectives of the Authority.
- Confers with the other Deputy Executive Directors on matters related to the disposition, redevelopment, and development of housing.
- Meets pre-development and development financial objectives and goals, in terms of cost, safety, quality and delivery of services.
- Prepares and recommends annual capital budgets, reviewing financial statements and reports and annual estimates of operating costs associated with development and asset management functions and ensures accuracy of reporting.
- Ensures compliance with requirements outlined in regulatory rules, contracts, Authority policies and procedures and federal, state, and local laws are adhered to at all times.
- Responds promptly when requested for information from regulatory and/or financial agencies which might include but not limited to, research, preparation, compilation, and submission of report in an accurate and timely manner.
- Is responsible for the development and periodic up-dating of a business plan (strategy) for creating self-funded development activity.
- Makes recommendations to the Executive Director on property acquisitions, conversions, and property investments based on sound asset management principals and real estate analysis.
- Directs and manages the real estate acquisitions and dispositions whether for investment or for development by the Authority.
- Directs and manages the development of real estate owned or controlled by the Authority it’s subsidiaries and affiliates. Undertakes feasibility analysis of real estate transactions, financially and operationally in order to formulate recommendations for the acquisition of or disposal of real property. Confers with the other Deputy Executive Directors on development and redevelopment strategies.
- Prepares recommendations for the use of the Authority’s leased housing programs to be utilized for the provision of project-based housing for special needs populations and to assist development activities of the Authority or its affiliates, or to maximize financial leverage opportunities with other public sector development initiatives.
- Manages the asset management of functions of properties operated on behalf of the Authority, it’s subsidiaries and affiliates.
- Acts as Secretary or oversees staff that act as Secretaries for a number of affiliated non-profit organizations, including preparing agendas, notices, and conducting Board meetings, budgets and supervision of administrative and business activities as assigned.
- Plans and administers relocation activities, associated with land acquisition and development.
- Administers contracts with financial advisors, architects, planners, legal consultants, real estate advisors and other consultants to assist the Authority in real estate investment and development activities.
- Seeks and obtains financing, including loans, equity investment, and grants to support real estate acquisition and development.
- Is responsible for the hiring, training, supervision, development, and recommendations for termination of the employment in accordance with Authority polices and directives; assures timely performance of evaluations on employees. Approves all new hires, status changes, and recommendations of termination with the agreement of the Director of Human Resources.
- Ensures appropriate staff development and/or training is provided, including his/her own and that all staff is aware and correctly implements the fair housing/ employment laws, safety rules and regulations, and other Authority policies and procedures.
- Directs the Inspection of properties in pre-development or development stages to ensure the highest standards are maintained.
- Manages the negotiation and administration of consultant and construction contracts and oversees project management staff.
- Oversees any related community services programs associated with development activities.
Knowledge and Abilities
- Development rules and funding sources for affordable housing.
- HUD regulations, real estate rules and regulations.
- Managing construction contracts.
- Providing social service programs to residents.
- Human resource management; budget planning and preparation.
- Supervise, train, and evaluate staff to ensure a high level of work performance and productivity working in real estate and property development.
- Effectively negotiate and administer consultant and construction contracts.
- Develop and modify procedures as appropriate.
- Maintain strong community contacts with the public and private sectors.
- Ensure the delivery of quality customer service to residents, other clients, and the public at large.
Communicate effectively both orally and in writing (or with audio and visual capacities).
- A bachelor’s degree, with a major in business or public administration, service administration, real estate, or a related field.
- A minimum of five years of increasingly responsible management experience in the field of affordable rental housing development, including tax credit housing, with the responsibility for delivering the full range of predevelopment and development services.
- Equivalent combinations of education, training and experience will be considered.
- Must possess a valid California License and have and maintain an insurable driving record.