Abode Communities is a regional non-profit architectural, real estate development and property management firm. Abode Communities Real Estate has created some 45 affordable residential communities with more than 2,700 homes throughout California; leveraged some $545 million in economic activity; generated more than $225 million in tax credit financing; and secured more than $120 million in local funding sources. In addition to the production of new affordable housing, the organization’s development team has expertise in acquisition and rehabilitation of existing affordable housing (with or without expiring affordability covenants), as well as the re-syndication of properties within its own housing portfolio as a means to extend the useful life of the asset and ensure affordability in perpetuity.

MAJOR RESPONSIBILITIES
Under the direction of the Vice President, Business Development, the Acquisitions Manager’s primary responsibility is to implement and coordinate full range of business development activities for identifying and securing housing and community development projects and new initiatives on behalf of Abode Communities. The position will support the Vice President, Business Development and the Senior Acquisitions Manager in analyzing and evaluating property needs and opportunities and coordinating with multiple departments including Architecture, Development, Finance and Property Management. The essential duties of this position include, but are not limited to, the following:

SPECIFIC DUTIES AND RESPONSIBILITIES
•    Support the Business Development Division in identifying and securing new affordable housing and community development opportunities which are consistent with the organization’s mission, strategic plan, and production goals as well as key funding program requirements.

•    Complete initial development concept and financial feasibility analysis for a variety of deal opportunities including new construction, acquisition/rehabilitation, and preservation.

•    Conduct preliminary site due diligence; work with architect to define building program and design; work with architect or contractor to develop preliminary scope of work for rehabilitation projects.

•    Identify acquisition and predevelopment financing; and, in some cases, secure acquisition and predevelopment loans and manage the loan closing process.

•    Prepare development proposals and statements of qualification in response to Request for Proposals (RFPs) and Request for Qualifications (RFQs). Work collaboratively with other functional departments and outside consultants to gather necessary information to complete RFPs/RFQs. Manage the interview and selection process.

•    Participate in the Business Development Team - which consists of the President & CEO, Executive Vice President & COO, the Senior Vice President, Development, the Senior Acquisitions Manager and the Vice President, Business Development - to identify acquisition opportunities, complete development programs, develop project acquisition and funding opportunities, and complete feasibility analyses of new development projects. 

•    Provide support to the Senior Acquisition Manager and the Vice President, Business Development to administer acquisition closings including working with attorneys, lenders, investors, and escrow and title companies in the coordination and delivery of due diligence, legal and financial documents.

•    Prepare, maintain and submit funding draws to numerous financial institutions for acquisition and predevelopment phases of affordable housing projects. 

•    Maintain accurate and up to date project files.

•    Provide administrative support to the Business Development Division, such as filing, photocopying etc.

•    Perform other duties as may be required.
 

•    A graduate degree in a related field and one year relevant experience or a bachelor’s degree and four years relevant experience in urban planning, housing development, real estate development, business, finance or a related field.

•    Knowledge of local, state and federal housing financing programs; including HUD 202/811, Low Income Housing Tax Credits, and Tax Exempt Bonds.

•    Ability to read, analyze, and interpret financial reports and legal real estate documents.

•    Strong math and analytical abilities. Ability to conduct financial analysis and budget preparation. Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.

•    Capacity to handle multiple tasks simultaneously in an organized, efficient and timely manner and successfully meet project deadlines. Excellent organizational, time management and problem-solving skills.

•    Proficiency with computer programs and spreadsheet software such as Microsoft Excel and Microsoft Word.

•    Strong verbal communication skills and clear writing ability. 

•    Self-starter, able to take initiative, and work well under pressure.  

•    Ability to initiate and maintain effective, cooperative working relationships with colleagues, consultants and development team members.

•    Valid California driver's license and availability of an insured vehicle to travel within the Abode Communities’ service area.  Vehicle must meet Abode Communities’ insurance requirements.
 

Salary is commensurate with experience. Benefits include health, dental, vision and life insurance, long-term disability insurance, 401(k) plan with employer match, Flexible Spending Accounts (Health and Dependent Care), company subsidized parking, paid vacation and sick leave, and a work schedule that includes every other Friday off.

Abode Communities is an EEO employer.

All your information will be kept confidential according to EEO guidelines.