NEW KENSINGTON CDC (NKCDC) is hiring a Director of Real Estate Development to advance our mission of sustainable, equitable neighborhood revitalization. You will play a crucial role in planning and executing real estate initiatives, supporting the Vice President of Real Estate and Economic Development, and managing our portfolio to create lasting community impact.
What You'll Do
- Oversee the planning and execution of property acquisition, redevelopment, and repair/improvement projects.
- Measure and monitor performance of NKCDC's real estate portfolio and identify options to improve it.
- Oversee property maintenance functions, including insurance coverage, tax payments, appeals, and abatements, and ensure compliance with applicable laws.
- Manage competitive selection processes and contracts for real estate development professionals like architects, contractors, and property managers.
- Ensure compliance with project budgets, schedules, and scopes of work.
- Review and provide feedback on proposals, bids, schedules, contract documents, drawings, submittals, and invoices.
- Process purchase orders, invoices, contracts, and grant/loan draws.
- Prepare proposals and applications for loans and grants to support development activities.
- Ensure compliance with grant and loan requirements and prepare necessary reports.
- Help develop and maintain bank and funder relationships.
- Develop and implement strategies to increase participation of small, minority-owned businesses and foster their sustained growth.
- Help create opportunities for neighborhood residents to work on NKCDC facilities and projects.
- Identify new methods of financing and structuring housing and other community development projects, including green, commercial, and mixed-use properties.
- Engage regularly with neighborhood residents and businesses.
- Assist in NKCDC’s advocacy work related to housing and community development.
- Collaborate on strategies to enhance revenue generation and funder engagement.
- Support the development and implementation of trauma-informed practices, DEI strategies, and HR policies.
- Serve as a leader in the organization, participating in regular meetings of directors and managers and contributing to internal policies, strategic planning, and funding strategies.
- Supervise Real Estate Department employees as assigned.
What We're Looking For
- 5+ years of progressive experience in real estate development, including acquisition and/or property management.
- Demonstrated success managing complex real estate projects from planning through completion, including oversight of architects, contractors, and other professionals.
- Experience with public and private financing tools, including grants, loans, tax-credit programs, and compliance processes common in nonprofit community development.
- Strong contract management skills, including procurement, bid evaluation, negotiation, and performance monitoring tied to budgets and schedules.
- Supervisory and leadership experience with a track record of developing staff and fostering an accountable, inclusive team culture.
- Knowledge of property maintenance functions, including insurance, tax compliance, appeals/abatements, and relevant regulatory requirements.
- Exceptional communication, interpersonal, and relationship-building skills, with proven ability to collaborate with culturally diverse groups.
- Ability to analyze and monitor real estate portfolio performance using evaluation tools to measure outcomes and recommend improvements.
- Strong financial and analytical skills, including budgeting, feasibility analysis, and project modeling.
- Strategic thinking and strong project management skills, with the ability to manage multiple active projects.
- Commitment to NKCDC’s mission, community development values, and equitable neighborhood revitalization.
- This is a Philadelphia-based position requiring a regular on-site presence. It may involve occasional off-site work like property visits and community meetings.
Nice to Have
- Experience with housing development.
- Experience supporting small business participation, workforce development initiatives, or supplier-diversity strategies.
- Experience incorporating trauma-informed practices, DEI strategies, or community-based engagement frameworks into real estate or community development work.
- Familiarity with affordable housing or community development financing tools (e.g., LIHTC, RACP, PHFA, PHDC and DCED programs).
Team & Environment
This role reports to the Vice President of Real Estate and Economic Development and supervises the Real Estate and Resident Services Manager and the Real Estate and Open Spaces Manager.
Benefits & Compensation
- Salary: $89,313.64 per year.
- HMO health plan.
- Long- and short-term disability insurance.
- Life insurance.
- Paid vacation.
- 403(b)-retirement plan.
Work Mode
This role is a hybrid position located in Philadelphia, PA.
NKCDC provides Equal Employment Opportunity (EEO) to all persons regardless of age, race, national or ethnic origin, gender identity or expression, religion, language, political beliefs, sexual orientation, or physical ability.
