McDowell Housing Partners is looking for a Development Associate to join our growing team. The Development Associate plays a pivotal role in the organization’s mission to provide high-quality affordable housing for families and seniors. This position is an integral member of the Development Team and will work on all aspects of the development process at the direction of the Director of Development and in concert with the Design, Construction, Finance and Acquisitions teams.
Qualifications & Requirements:
· A minimum of two years of experience is required in real estate development and/or project management in a discipline such as planning, civil engineering, architecture, construction, land development or another related field.
· Must possess a strong interest in real estate development and affordable housing, curiosity to learn and a tireless work ethic.
· Must possess excellent verbal and written communication skills and demonstrate an aptitude for organization.
· Must have the ability to multitask and meet deadlines in a fast-paced environment.
· Must be able to utilize creativity and resourcefulness to resolve issues that arise during the development process.
· Must be a team player with the ability to build and maintain relationships and rapport with local governments, vendors, industry professionals and your peers throughout the organization.
· Must have proficiency with Microsoft Excel, Word and Power Point with the ability to learn and implement new software and technologies quickly.
· A master’s degree is preferred but a bachelor’s degree with experience in civil engineering, entitlements and permitting, construction, urban planning or architecture will be considered.
General Responsibilities:
• Assist senior development staff throughout the project development process, including project management organization, site selection, feasibility analysis, financing applications, due diligence, vendor procurement, permits and entitlements, construction and closing coordination.
• Identify and research potential development sites under the direction of senior development and acquisitions staff.
• Research land development and zoning codes, local entitlement and building permit processes and other public approvals.
• Perform project analysis during the pre-development phase (i.e. rent/income rates and trends, construction cost, operating expenses, occupancy rates, utility provider and allowance information, etc.)
• Assist in developing and refining project budgets and critical path timelines.
• Solicit and assess proposals for various professional deliverables, including but not limited to, surveys, geotechnical reports, market studies, appraisals, environmental reports, specialty engineering contracts, etc.
• Coordinate and complete due diligence items and manage closing checklists with various financial partners on assigned developments.
• Coordinate project reporting and update project tracking software and various databases.
• Other tasks and responsibilities, as may be assigned by MHP management.
Company Overview:
McDowell Housing Partners is a preeminent affordable/workforce housing development company and is an affiliate of McDowell Properties, a national multifamily investor and operator of apartment communities. Collectively, the companies have developed, constructed, and acquired over 45,000 apartment units. McDowell Housing Partners was established in 2019 and has already achieved AHF Top 50 Affordable Housing Developer status based on unit production.
McDowell Housing Partners’ mission is to be a best-in-class multifamily platform for its investors, lenders, community stakeholders and residents. The organization’s culture is based on the values of integrity, excellence, and ingenuity with a team approach.
McDowell Housing Partners’ senior management team has decades of experience in multifamily development and investing. The organization utilizes a vertically integrated team structure with dedicated Acquisitions, Development, Construction, Finance, Accounting and Asset Management teams. The McDowell companies are diligently focused on creating long-term value through their core competencies which include, but are not limited to, LIHTC development, acquisition and value-add rehab, strategic partnerships with local governments and non-profits, efficient navigation of capital markets, creative financial structuring, skillful design and construction management, and diligent asset management.