1143 AH – Development Manager (or Senior DM)

While virtually all U.S. states struggle with housing affordability and homelessness, the situation in New Mexico is worse than most. A few examples: The median price for a new home is $440,000 — a price that’s unaffordable for 82% of New Mexicans. Median rent is up 60% (versus 27% nationally) and homelessness is up 87% (versus 40% nationally). Albuquerque’s latest housing needs assessment projected that 55,000 new housing units would be needed by 2045 to fill the backlog and meet future growth projections ( source )

If you’re a development manager with experience in building affordable multifamily housing in New Mexico and would like to join a strong team recognized as a leader in this industry please apply below or give me a call.

Position would preferably be located in Albuquerque, NM but will consider other areas in the State. We are not considering remote (out of state) at all.

The Job Development Manager will be responsible for providing turnkey project management while ensuring timely financing, approval, and design of multi-family affordable housing developments. For this role, please note that you will be required to live and work in or near Albuquerque, NM to directly support our locally based projects. Additionally, your tasks will include, but not be limited to:

• Managing, coordinating, and completing the development, design, financing (including the obtaining and maintenance of tax credits), syndication, construction, lease-up, stabilization, conversion to permanent financing, and regulatory compliance for assigned projects
• Managing the modifications to and progression of the project pro forma in coordination with finance team to analyze possible funding scenarios and to address changes in project sources, uses, operating income and expenses, and other financial assumptions
• Preparing project-related budgets and schedules, cash flow projections, deal memorandums, financial forecasts and strategic plans
• Developing and fostering effective relationships internally and externally, including all third parties (e.g., consultants, public funders and private lenders/equity providers, community organizations, architects, construction managers, government liaisons, etc.)
• Managing consultants, including architect, engineers, energy and other consultants in conjunction with the entitlement and design team
• Overseeing the design process and coordinate with the Director of Entitlement to ensure compliance/approval by respective City, State and Federal agencies while developing and implementing solutions if any compliance or approval-related issues arise during construction and property operations
• Facilitating community and public agency support and approval of project plan
• Managing the due diligence and closing process for complex mixed-finance deals with multiple lenders and governmental stakeholders while creating and executing strategies to prevent conflicts between funding sources
• Managing preparation and presentation of Investment Committee memos/meetings to senior leadership to obtain funding for predevelopment costs
• Managing preparation and presentation of recurring Project Management Reports including all critical components of a project
• Analyzing funding and development legislation, regulations, policies, and market to determine applicability to projects and compatibility with other program requirements
• Supervising the financing application team and oversee the application completion while coordinating with responsible parties
• Overseeing and managing the lease-up process in conjunction with the Asset Management and Property Management team
• Identifying new, potential affordable housing projects for the Company What You’ll Need to Perform the Role
• Development Manager level –
  • o bachelor’s degree and/or graduate degree in business, finance, economics, public administration, community development, planning, or related field
  • o ten (10) plus years of development experience with at least three (3) of those years in a leadership role within affordable residential housing with an emphasis on multi-family
  • o a history of leading concurrent project teams through successful affordable multifamily housing developments
  • o extensive knowledge and understanding of affordable multi-family housing developments
  • o proficiency in Microsoft Office (Word, Excel, and Outlook) to be successful in this role.

• Senior Development Level – Same as the Development Manager except…
  • o Fifteen (15) plus years of development experience with at least eight (8) of those years in a leadership role within affordable residential housing with an emphasis on multi-family Additional attributes:
• Extremely organized with ingrained ability to prioritize and multi-task in a fast-paced environment
• Keen attention to detail with focused adherence to strict deadlines and procedures
• Sound problem-solving skills with demonstrated ability to exercise sound independent judgment
• High level of integrity and dependability, including handling sensitive and confidential information
• Teamwork mindset and temperament to work effectively with a diverse group of people
• Effective ability to communication clearly and concisely, both verbally and in writing
• Genuine desire to work in the real estate development affordable housing industry
• Personal accountability and enthusiasm for achieving company goals The package: Our client’s people are at the core of everything they do. They offer meaningful careers, competitive salaries, annual bonus packages, and an energetic office environment. They take the well-being of their team members seriously; thus, providing an attractive benefits and perks package to meet the needs of all our employees. This package includes, but is not limited to…contact Kipp Gillian for more details

Hiring Salary Range

• Development Manager $150k to $160k on an annualized basis, depending on qualifications plus discretionary bonus.
• Senior Development Manager level is $160-175K annual, depending on qualifications, plus discretionary bonus.

  The pay range for this position starts as listed in the job posting but may change based on education and experience. Final compensation is determined by various factors, such as education, training, experience, work location, required travel (if any), and external market conditions. 

  Kipp Gillian ( CEO of Gillian Executive Search) will reach out if you’re a fit and introduce you to the hiring manager and move you through the interview process, which will encompass meeting virtually, as well as in-person at their corporate office in California.

Kipp Gillian | President Gillian Executive Search, Inc. kgillian@gessearch.com d 866-600-0437 x 1 | c 949-637-6401 www.gessearch.com