About Jubilee Housing
The mission of Jubilee Housing is building diverse, compassionate communities that create opportunities for everyone to thrive. Since 1973, Jubilee has worked to provide high quality affordable housing and holistic support to those experiencing persistent economic hardship in the Adams Morgan and Columbia Heights neighborhoods of Washington D.C. Jubilee operates 11 properties totaling 46 units of affordable housing, with another four properties and 120 units under development, and offers robust programming for residents and community members pursuing life goals.
Jubilee Housing is an innovator in financing and social services for affordable housing communities in the heart of the Nation’s Capital. Jubilee’s model of Justice Housing is affordable to those with the fewest financial assets, located in neighborhoods where resources such as good schools, grocery stores, and public transportation are readily accessible, and near services that support residents as they pursue educational and career attainment.
Position Description
The Real Estate Development Associate is involved from start to finish on development projects and is responsible for providing support to the project leadership of the Real Estate Development Division to ensure quality and timely execution of development of projects from start to completion. This support includes: land use coordination, financing support, project scheduling, contractor bidding and buyout and change order tracking, cost reporting, preparation of contracts, the handling of owner coordination, construction quality oversight, and project closeout.
We mentor our Development Associates, give them as much responsibility as they can handle, and award autonomy and career growth as merited. Jubilee strives to bring out the best in our people and empowers them to bring out the best in the communities we serve.
Specific Duties
Work with project team on setting up individual project folders, tracking reports, budgets, schedules, logistics plans, and corporate reporting.
Conduct research to support all development functions, including acquisitions, due diligence, impact fees, utility costs, market analysis, construction costs, entitlements, etc.
Prepare pro forma development budgets and property operating budgets under the direction of a Development Manager.
Research and gather documentation for RFQ/RFP responses
Assist in the assemblage of RFQ/RFP responses and preparation for community preparations.
Assist Development Manager with preparing applications and financing proposals with multilayered financing sources.
Assist with land acquisition, including preparation of LOI’s and purchase contracts with legal counsel, and gathering of due diligence materials.
Assist with the financial closing in conjunction with lenders, legal counsel and other project team members.
Solicits consultant and contractor services for due diligence, design and construction services, reviews and evaluates the responses and obtains the services.
Attends site visits of potential property acquisitions and assists Development Manager in market analysis, including preparing market reports, rent roll and resident file analysis and review of due diligence reports.
Manage the tracking of timelines and schedules.
Review and understand the owner/developer responsibilities per any partnership agreements;
Assist in the submittal, change order, and pay request process;
Assist in generation of project costs and Job Cost Report;
Produce internal monthly summary reports;
Assists with the preparation of debt and equity financing applications for each of the projects.
Supports the team in closing the financing and manages the closing checklist.
Assists the Director of Real Estate Development with the construction administration process by coordinating the flow and filing of construction documents.
Analyzes progress against project schedule and modifies schedule as needed
Prepares internal and external reports on each project.
Supports community development planning efforts working closely with the team, community residents and partners.
Prepares presentations for meetings with tenants, other critical stakeholders and government officials.
Assist pre-construction services in bidding projects including the RFP process
Participate in the project’s quality process including job walks and punchlist walks
Contribute to schedule and project close-out processes.
Coordinate contracts, schedules and installation for initial delivery (e.g. fitness equipment, signage, audio/tech equipment, FFE, artwork, model unit or other owner related proposals, contracts and installation).
Performs all other duties as assigned by the Development Manager.
Desired Qualifications
Experience with other subsidies (tax exempt bond financing, New Market Tax Credits, Historic Tax Credits, AHP grants, etc.) a huge plus
Benefits
Benefits include health, vision, and dental insurance, STD, LTD, and Life insurances, paid vacation, sick leave, holidays, transportation stipend and a 403b matched contribution retirement plan.
Background Check and Drug Screening
Finalist(s) for this position will be subject to a drug screening and will be required to consent to a pre-employment background check as a condition of employment.
References
Please be prepared to provide 3 professional references if you are selected for this role.
Hybrid Work Model
Three-day, onsite hybrid work schedule required; agreed upon schedule with manager.
Jubilee Housing is an Equal Opportunity Employer
The pay range for this role is:
75,000 - 80,000 USD per year(1631 Euclid St NW, #P-5, Washington, DC 200009)
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