Real Estate Development Associate at Jubilee Housing – Washington, District of Columbia

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.

• 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.