Trust Officer jobs in Bridgeport, CT

SUMMARY

The Real Estate Development Manager is a member of the BNT team, supporting the achievement of the mission: To end housing insecurity, income inequality, and homelessness by creating safe, affordable housing, and providing comprehensive housing and financial counseling services to low-and-moderate-income families across Connecticut. The Real Estate Development Manager will work with the CEO in all aspects of housing development to implement real estate development projects from initial conception through the completion of construction and availability for occupancy. This individual will coordinate and drive all the components of a development project.

Duties:

Predevelopment

• Assist with identifying and evaluating sites for new affordable housing development in Greater Bridgeport. Upon approval by CEO, lead the negotiations with sellers, obtain appraisal to determine the market value of assets, obtain zoning approval, determine environmental conditions, engage market study consultants and/or other professionals (when necessary) and perform necessary due diligence necessary to minimize BNT’s risk.
• Identify sources for projects and prepare financial feasibility studies, sources and uses budget, predevelopment budget, and funding plan in consultation with Chief Executive Officer.
• Develop and maintain a project development schedule that outlines sequence and timing for undertaking various tasks and for involving team members.
• Communicate with key community and political relationships, stakeholders, planning and zoning commissions necessary for successful plan implementation.
• Assemble and oversee the development team to implement projects (land use professionals, attorney, architect, etc.). Lead the discussion among team members to clearly define roles, expectations, and deadlines.
• Obtain necessary permits/approvals and manage development team.
• Prepare all financing applications and secure all soft loans and grants.

Development

• Manage project accounting records and cash during development by monitoring project costs, budgets, and schedules to ensure achievement of project and BNT’s financial objectives and take corrective action where project deviates from those objectives.
• Engage a qualified architect and other design professionals as necessary and negotiate agreements and all related documents.
• Work with architect, develop conceptual project design, and oversee development and preparation of complete plans and specifications on time. Ensure that plans include sustainable design features.
• Review zoning and permitting requirements, timeframes, and costs, and integrate into development schedule and sources and uses budget.
• Ensure that qualified professionals will provide all necessary certifications relative to zoning, survey, environmental, site, and other issues prior to acquisition.

Construction Management

• Procure general contractors per the Connecticut Housing Finance Authority, State of Connecticut, and BNT Procurement Guidelines.
• Manage architect and other team members through construction bidding process.
• Oversee the preparation and submission of all requisitions for funding and ensure that cash is available to fund all project obligations on a timely basis.
• Ensure that all development project files and documents are assembled and filed per HUD, LIHTC, DECD, CHFA, and BNT requirements.

QUALIFICATIONS

• Commitment to BNT’s mission, respect for the work of our nonprofit partners, commitment to providing exemplary service to our clients.
• Degree or equivalent work experience in real estate development, finance, or related field with work experience in affordable housing/real estate development.
• Preferably one to three years’ experience managing complex intergovernmental programs/projects with private sector involvement related to housing rehabilitation, community, and housing development.
• Knowledge of federal, state, and local housing programs.
• Experience in preparing written proposals and financing applications for affordable housing projects.
• Knowledge of construction monitoring and change order processes for housing rehabilitation.
• Ability to work effectively and efficiently.
• Can-do attitude and perseverance.
• Excellent communication, interpersonal, and presentation skills, both written and verbal.
• Proven ability to work as a self-starter and team member.
• Excellent project management skills, and ability to work independently.
• Demonstrated strong judgment and integrity.
• Experience with Microsoft Office, including Word and Excel.

Job Type: Full-time

Pay: $65,000.00 - $70,000.00 per year

Benefits:

• Dental insurance
• Disability insurance
• Health insurance
• Life insurance
• Paid time off
• Professional development assistance
• Vision insurance

Experience level:

• 8 years

Ability to Relocate:

• Bridgeport, CT 06604: Relocate before starting work (Required)

Work Location: In person