Affordable Housing Development
JOB ANNOUNCEMENT
The Michaels Development Company
Company Profile
Headquartered in Marlton, NJ, about 15 miles from Philadelphia, PA , the Michaels Development Company is a nationally recognized, private sector firm with over 30 years of experience in producing top quality, affordable housing. All aspects of housing development, from site acquisition through property management, are within the expertise and experience of our company and its affiliates. Since the early 1970s, The Michaels Development Company has successfully developed over 40,000 housing units in 28 states, the District of Columbia and the U. S. Virgin Islands and has managed over $1 billion of new construction and substantial rehabilitation.
The Michaels Development Company’s focus is the development of affordable rental housing. We own and operate more than 100 communities affordable to lower income families and senior citizens through project-based Section 8 and similar federal assistance; and more than two-dozen communities affordable to working families through the low income housing tax credit program.
Michaels is also a pioneer in the development of new, large-scale, communities that are designed for renters and homeowners with a broad range of incomes. Many of these communities involve HOPE VI funding. A federal program, HOPE VI seeks to "reinvent" public housing through the introduction of private sector development and property management. There are over 7,500 residential units in our HOPE VI pipeline that exceed $1.2 billion in value.
For more information on Michaels Development Company please visit our website at www.michaelsdevelopmentcompany.com.
Job Description
Michaels is seeking a Development Officer to participate in a variety of activities, primarily related to the development of affordable housing in the state of New Jersey. The candidate filling this position can also anticipate working on projects in other locations, particularly in the mid-Atlantic states. Developments in our current pipeline are located in Pennsylvania, Connecticut, and Maryland.
Office space will be provided at our New Jersey headquarters. A moderate amount of travel should be anticipated.
The person filling this position will report to a Vice President of Development and will be involved in all aspects of affordable real estate development- from concept through construction completion. Specific responsibilities will include:
Coordination with public officials and partners (including development partners, management team, construction and design team, attorneys, local housing authorities, city agencies and state housing finance agencies
Participation in public planning and review processes
Preparation of finance applications for a variety of funding sources
Preparation of responses to Requests for Qualifications and Proposals for the generation of new business
Preparation and dissemination of due diligence and financial closing information for lenders and investors
Reporting and general correspondence
General office management activities
Qualifications and Requirements
A Development Officer must have the ability to meet deadlines, work independently and perform multiple tasks. Skills set includes demonstrable communication abilities (both written and oral) and computer skills (including Word and Excel), as well as strong organizational skills and attention to detail.
Bachelors Degree in related field and two years experience in the development or financing of affordable housing is required. Experience with low-income housing tax credits and other affordable financing tools is desirable.
Salary/Compensation
The compensation package will include an annual salary, holiday bonus and generous health, dental and vision benefits. Salary will commensurate with education and experience.
Contact Information
Please forward resume and cover letter to:
Ava Goldman
Senior Vice President – Development
Michaels Development Company
1 E. Stow Road
PO Box 994
Marlton, NJ 08053
(856) 596-3008
(856) 797-8956 fax
agoldman@irmmgmt.com
