OHC was founded in 1988 to promote the comprehensive revitalization of the Olneyville neighborhood of Providence. Our mission is to work with residents to build a safe, healthy and stable community. We accomplish our mission through the creation and preservation of affordable housing, development of commercial real estate to spur economic development in the neighborhood, individual asset building, as well as community building and organizing.

The Director of Real Estate Development is responsible for translating the strategic goals for the agency’s real estate development activities into reality. The Director will manage a diverse pipeline of real estate projects.

The Director will report to the Executive Director and will attend OHC board of director meetings as required. This position supervises one project manager and one building engineer.

Affordable Housing

This position requires demonstrated competencies and technical understanding of affordable housing financing, construction, leasing, and property management. The Director will be responsible for developing a range of housing models for moderate, low and very-low income households. The Director will act as the primary liaison with lenders and investors of OHC and will provide leadership around policy issues affecting the production/preservation of affordable housing.

OHC will endeavor to recapitalize its aging LIHTC deals in coming years. Opportunities for repositioning the agency’s existing affordable housing portfolio may require the use of resyndication, 4% LIHTC and other options.

Commercial/Mixed-Use

This position will also be charged with leading OHC’s commercial development, most prominently the redevelopment of Paragon Mill, a 120,000 square foot historic site owned by OHC. This project will rely upon the use of state and federal historic tax credits as well as New Market Tax Credits. At a minimum, knowledge of these financing vehicles is required.

Qualifications

Degree in urban planning, real estate development, finance or related field with more than 10 years of related experience including a minimum of 5 years of direct management experience in development of affordable housing.
Demonstrated experience with technical and legal aspects of LIHTC (4% & 9%), Tax Exempt Bonds, New Market Tax Credits, Historic Tax Credits, CDBG, and HOME and other affordable housing and community real estate development resources.
Verifiable experience with construction management.
Familiarity with calculating and interpreting key asset management indicators.
Experience with remediation and redevelopment of Brownfields and other environmentally contaminated sites.
Experience with LEED, Energy Star, and other sustainable development practices.
Commitment to comprehensive community development and the role of real estate development as the foundation for broader community revitalization.
Ability to successfully manage a large number of tasks and projects simultaneously.
Comfort working in an office environment that is casual, requires “all hands on deck,” and offers a relatively flat organizational structure.
Creative and independent problem-solver.
Bi-lingual (Spanish), bi-cultural a plus.

How to apply

Applications will be received until the position has been filled. Submit resume and cover letter to Frank Shea at shea@olneyville.org. No phone calls please.