Development Officer

Please go to http://www.hacla.org/careers for details of this position and to apply. Special Note: The posted salary is an estimate of the potential annual pay. Final offer will be dependent on qualifications and experience. Anticipated Hiring Pay Scale : Candidates can expect to be hired within the 8-step annual salary range of $170,060.80 - $209,144.00. ***POSITION OPEN UNTIL FILLED*** Characteristics of the Class: Under general direction and reporting to the Director of Development, the Development Officer (DO) performs complex professional work of considerable difficulty managing HACLA’s real estate portfolio, including development, redevelopment, repositioning of assets, and acquisition. The DO represents HACLA with external stakeholders in advancing assigned projects and is responsible for the successful execution of assigned projects, including financial feasibility, budget, schedule, regulatory approvals, transaction closing, construction, conversion, and transition to operations and asset management. The DO works independently to direct and coordinate a development team relying on internal and external project staff, third party consultants and development partners to source and evaluate development opportunities, negotiate the repositioning of assets, acquisition and rehabilitation of new assets, and redevelopment of large, complex public housing sites, among other projects. The Development Officer is responsible for leading project due diligence and delivery, establishing milestones and budgets, and securing public and private financing. Additionally, the DO will lead the underwriting and negotiating terms for purchase agreements, development and consultant contracts, purchase and sale agreements along with property and ground leases, and complex financing documents related to real estate transactions. The DO also leads financial and real estate closings, coordination of required executive and Board approvals, and will work closely with the City, State, HUD and other regulatory bodies on entitlements, underwriting, reporting, environmental review, financing applications, relocation, and other community stakeholder related obligations. Examples of Essential Functions: Oversight and management of complex real estate projects which includes affordable and market-rate housing acquisitions, development, and rehabilitation programs and operations; major public infrastructure projects; and mixed use, mixed income development from inception and predevelopment through construction, conversion, and transition to operations and Asset Management. Leads and coordinates real estate and financial closings and project conversion activities, including satisfaction of lender, investor and public agency requirements, permanent financing conversion, cost certification, placed-in-service requirements and issuance of IRS Form 8609s, where applicable. Prepares scopes of work, Requests for Proposals, Requests for Qualifications and other related documents with respect to development projects; coordinates and organizes documents related to the procurement process and leads a team that reviews, analyzes and evaluates development solicitation proposals received in response to such procurements; and analyzes and manages the resulting services contracts, schedules, and budgets. Identifies and develops project acquisition and funding opportunities; and feasibility analyses of new acquisition and development projects including development budgets, sources and uses, preparing and reviewing development and operating proformas, cash flows and financing scenarios, and other financial analyses. Identifies, pursues and negotiates public and private financing sources, including tax credits, tax-exempt bonds, conventional debt, public subsidies, grants and other financing sources; coordinates with lenders, investors, public agencies and financial consultants through financial closing and conversion. Negotiates, reviews, interprets, and guides execu…

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