Project Leader - Affordable Housing/Senior Living

PURPOSE

The Project Leader, Senior Housing Development will focus on affordable senior housing development throughout Ohio and Michigan. Special projects such as market rate senior living developments in Central Ohio could be assigned as needed. The successful candidate will be accountable for the success of assigned projects in both product lines including preliminary deal evaluation, negotiation of purchases and related documents, procurement of financing, management of third-party consultants, and coordination of internal resources to facilitate a successful closing. The Project Leader, Senior Housing Development must have initiative, be an effective communicator and have excellent organizational skills. The position reports to the Director of Senior Housing Development who manages and directs the team toward excellence.

The Project Leader, Senior Housing Development will be a part of the Development Department at National Church Residences. National Church Residences is the nation's largest not-for-profit developer and manager of affordable senior housing with 360+ properties in 25 states. The Development Department applies its 40 plus years of property development credentials to initiate, construct, acquire and expand the nation's senior affordable and market rate housing supply.

DESIRED ATTRIBUTES

• Strong appreciation for the mission of National Church Residences and ability to identify with and support the needs of its residents and other stakeholders.
• Excellent communication skills and willingness to support a multi-disciplinary department of design, construction, finance, legal and project management professionals.
• Demonstrated knowledge of real estate investment and the real estate development process.
• A reliable and responsible team player, that manages time effectively.
• Strong organizational skills.

ESSENTIAL FUNCTIONS AND BASIC DUTIES

The typical responsibilities for this position are to assist immediate supervisor and/or the department with the following with limited direct oversight from supervisor:

Identify, pursue and submit tax credit, bond, subordinate (FHLB, HOME, etc.) and lender applications to develop affordable housing communities. Submit multiple tax credit applications each year. Close multiple tax credit transactions per year.

Obtaining not less than two revenue producing projects per year (9% awards

and/or, 4% awards, acquisition projects, and/or third-party management contracts.

Identify and analyzes new affordable and mid-market senior living development opportunities. Prepares reports on topics including market investigation, comparable sales analysis, competitor evaluation and demographic research.

Actively involved in relationship building and policy-shaping with State Housing Finance Agencies, affordable housing owners, developers, brokers and others as needed.

Prepares financial underwriting for potential new projects.

Management and interpretation of third-party consultants and reports.

Lead in community stakeholder outreach materials and strategies for new development projects. Including, but not limited to, attending and representation National Church Residences in municipality presentations

Leads the zoning and entitlement process of housing development.

Supports the preparation of business terms of Purchase & Sale Agreements.

Represent National Church Residences with various jurisdictional staff (city, county, state, etc.).

Review construction/rehab plans with Construction Department and third-party architects.

Participate in strategic planning efforts for the Development Department.

Utilizing various development department resources, take the lead in tracking and satisfying project related critical path benchmarks such as entitlements, third party reports, design documents and construction approvals.

Provides support and guidance as required to Department leaders in such areas as project presentations for external stakeholders, coordination of internal resources, National Church Residences' internal investment committee, and others.

Must adhere to all policies, procedures, terms and conditions set forth in the National Church Residences Employee Information Guide (EIG) as well as any facility handbook including but not limited to corporate compliance, drug free workplace, safe work practices, all federal, state, local regulations and laws.

Other duties as assigned

Education: Bachelor's Degree required. Understanding of senior living fundamentals, market dynamics, and economic and demographic driver

Experience: 2-5 years of experience in a commercial or multifamily real estate related field, preferably with Low-Income Housing Tax Credit experience.

Licensure: Valid driver's license and able to meet National Church Residences' motor vehicle policy.

Skills/Abilities:

• Proficient in Excel and other Microsoft office suite products, with a willingness to learn new forms of technology.
• Ability to manage multiple senior living projects in various development stages with limited oversight from supervisor.
• Demonstrated ability to take ownership of projects.
• Demonstrated analytical skills.

• Understanding of senior living fundamentals, financing, market dynamics, and economic and demographic drivers.
• Direct experience with tax credits, FHA mortgage programs, tax-exempt bonds,
• Section 8, and other sources of affordable housing financing.
• Excellent written and verbal communication skills
• Excellent networking skills
• Demonstrated analytical skills, including an understanding of financial models
• Collaborative skills, working with diverse internal and external entities to accomplish project goals
• Demonstrated ability for multi-tasking and meeting simultaneous deadlines
• Negotiation skills
• Ability to travel on a regular basis
• Demonstrates and maintains a positive, professional manner, manages time efficiently and effectively, promotes a team approach, participates in appropriate problem-solving methods.

ABOUT NATIONAL CHURCH RESIDENCES

Originating from a Christian commitment of service, National Church Residences provides an array of health care services and a variety of housing options to more than 60,000 older adults. The nonprofit organization is driven by a vision to scale for mission impact by advancing better living for 100,000 seniors by 2030, wherever they call home. With more than 350 communities across the United States, it is the nation's largest nonprofit provider of affordable senior housing and the largest manager of service coordinators. The organization also offers a variety of additional senior living options, home and community-based services, as well as permanent supportive housing for the formerly homeless and disabled. For more information, visit us at NationalChurchResidences.org and follow us on Facebook, LinkedIn and YouTube.

Key Facts

• Employs over 2,300 staff members nationally.
• Is governed by a 21-member volunteer board of directors.
• Is a not-for-profit 501(c) (3) corporation and the largest not-for-profit based in central Ohio.
• Headquartered in Columbus, Ohio.
• Owns and operates six continuing care retirement communities.
• Operates National Church Residences Home and Community Services, a home health care

agency

Development Department Overview

The development of affordable housing and senior living requires support from the public, government and business sectors. National Church Residences applies its 40 plus years of property development credentials to initiate, construct, acquire and expand the nation's affordable housing supply.

Typical Funding Sources Include:

Affordable Senior Housing

• Low Income Housing Tax Credits 9% and 4%
• Federal Home Loan Bank
• Tax-Exempt Bonds
• HUD, FHA & GSE financing
• Conventional debt
• Community Development Block Grants
• Home Investment Partnership Program Funds
• Other available soft funding

Market Rate Senior Living

• Tax-exempt Health Care Bonds
• Conventional debt
• Owner equity
• Available soft funding

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, ancestry, military status, disability, genetic information and/or any other characteristics protected by applicable law.