Executive Director - 3603 LLC (Subsidiary of LADD, Inc.)

Job Title: Executive Director
Supervisor: CEO
Position Status: Full-time (40 hours per week)
Annual Salary: Salary range based on experience and qualifications
Primary Office Location: Cincinnati, OH
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Position Objective:
3603 LLC is an affordable housing corporation, which is a subsidiary of LADD, Inc., a 501(c)3 that specializes in housing for adults with developmental disabilities. 3603 Developers is seeking an individual to fill the position of Executive Director. Primary job responsibilities will be to oversee all aspects of the housing corp. The Executive Director must be able to identify properties, evaluate property for redevelopment and make recommendations for disposition, coordinate, implement and manage all activities related to the acquisition and redevelopment of single family residential properties and the general physical improvement of selected neighborhoods. This position will be responsible with coordination with the finance department to ensure funds are properly spent and assets are properly managed. This position will report to the CEO off LADD Inc.

Essential Functions:

1. Evaluates distressed properties for acquisition and rehabilitation and makes recommendations for redevelopment strategies based on the availability of tax delinquencies, mortgage foreclosures, state lands, and donated, properties.

2. Reviews the feasibility of potential development opportunities; conceptualizes a development program in concert with organizational mission and goals and makes recommendations to Program Director and Board of Directors.

4. Coordinates the acquisition of distressed properties and maintains property files and documentation and maintains property records.

5. Administers property resale activities to qualified partners, including the preparation of sales agreements, closing documents, and scheduling closings.

6. Coordinates property renovation activities with contractors and sub-contractors for property stabilization and security, prepares property bid specifications for Plans and implements review of all financial and physical due diligence needed to safeguard the organization’s investments in
real estate.

7. Reviews plans, architectural documents and obtains planning approval and all construction permits and approvals in conjunction with development team partners.

8. Represents the organization to stakeholders and the general public. Strategizes and plans outreach to garner community support for projects. Manages organization’s external communication and events to promote the work of the 3603 LLC, create public awareness and engages with the community.

9. Prepares and monitors project budgets and cash flow projections; Establishes and monitors time and cost schedules.

10. Researches sources of funding and maintains familiarity with threshold and screening criteria of key sources; Prepares and submits funding applications in order to secure funding to support predevelopment, construction and permanent phases for development.

11. Monitors and, as necessary, prepares project financial accounting, contract payments, lender and funder reporting requirements in a timely manner.

12. Prepares and presents progress reports to CEO, 3603 LLC Board of Directors, board committees, and others as requested.

13. Other tasks as assigned related to real estate development, policy development, organizational budgets, planning and administration.

14. Attends and participates community and government organization meetings as needed.

15. Participates in the formation of partnerships among residents, businesses, and other stakeholders within a given neighborhood in order to maximize the sharing of community resources and to facilitate neighborhood development.

16. Provides budget oversight to ensure accuracy and timely implementation.

17. Once developed, oversees the physical upkeep of all properties in the portfolio of 3603 Developers.

Knowledge, Abilities and Skills

1. Ability to plan and manage the development of real estate projects. Knowledge of project management tools and principles.

2. Strong analytical abilities, computation, negotiation and problem solving skills. 

3. Ability to make public presentations and to work successfully with community groups, government and private lenders, and residents.

4. Knowledge of budgets and finance and cost management.

5. Familiarity with various funding sources and application processes for affordable housing development.

6. Leadership and team building skills.

7. Basic knowledge of building construction. Ability to track and manage construction projects, subcontractors and project development participants.

8. Strong written and verbal communication skills.

9. Ability to work independently as well as with teams.

10. Ability to create organizational structure, standard operating procedures and brand development for the newly formed non-profit, 3603 LLC.

11. Strong computer skills in office automation and various software applications using spreadsheets, word processing, and databases including MS Office Excel, Word, PowerPoint and AirTable.

Education & Experience

Required: BA degree in urban planning, public administration, accounting, business, real estate or related field and a minimum of four years project management experience with a real estate development firm or related business. Employment experience may be considered when the candidate does not possess a formal degree or a degree in the listed fields above.

Desired Qualifications: Community planning and contract management experience; knowledge of, or experience with, issues confronting adults with disabilities and their and families. Familiarity with the community, neighborhoods, building codes and city departments.

Physical Demands: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to sit; use hands to finger, handle, or feel; reach with hands and arms and talk or hear. The employee is occasionally required to stand and walk, and drive a car.

The employee must occasionally lift and/or move up to 10 - 40 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception and ability to adjust focus.

Work Environment: The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually moderate.

Compensation: The annual salary range is based on experience and qualifications. 3603 LLC offers employees the following benefits:

Health Insurance
Dental and Vision Plan
403(B) Contribution
Paid Time Off/Sick Leave
Paid holidays

Send resumes to: hr@laddinc.org or apply online at https://laddinc.org/employment/

REPORTS TO: CEO
HOURS: Full time, may include evenings and weekends
PAY RANGE: Minimum starting salary $75,000.

BENEFITS: Health Plan-Medical, dental, vision, retirement, vacation & sick leave.

POSITION TYPE: This is an exempt management level position.

Summary: The Project Director will join a nonprofit organized to provide housing opportunities to adults with disabilities, including seniors.

The position is responsible for developing and implementing development activities from start to finish—from project concept to completion.

The ideal candidate has an enthusiasm for the multi-year process that our work requires plus the ability to be both tenacious and self-sustaining through the technical detail, consultant coordination, communication and time management that successful project management requires.

On a daily basis, the individual works closely with architects, engineers, general contractors, private lenders and public agency staff at the federal, state, county and city level. The ideal candidate also has a deep understanding of HUD rules and to supporting the development initiatives of local communities.

Strong communication skills are in service to the challenge: conveying and delivering the technical aspects of a project, advancing the priorities and purposes to support the organizational capacity of community organizations addressing the displacement, disenfranchisement and housing needs of low income households.

Qualifications:
1. Familiarity with housing development—can include affordable, low income, market rate housing from a financing, design, construction and/or legal perspective.
2. Prior experience working for a for-profit or nonprofit housing developer is preferred. Knowledge of public and private financing sources for low-income housing is preferred, but not required.
3. An understanding of housing development, real estate transactions, and the legal aspects of associated with property acquisition, resale, and redevelopment.
4. B.A or B.S. college degree in a relevant field preferred. 
5. Prior experience working with emerging nonprofit organizations interested in real estate development, as well as ability to work effectively with communities addressing housing, vacancy, and anti-displacement issues.
6. Experience working with computers including word processing and spreadsheet software (Microsoft Word and Excel), and ability to maintain program budgets and financial information.
7. Excellent organizational, written and verbal communication skills; ability to work with diverse populations, funding sources, and ability to accommodate different work styles among colleagues.
8. Ability to coordinate simultaneously multiple development projects at different stages in the development process.
9. A candidate’s interest in community engagement, homelessness and housing policy are benefits to the candidate’s application for employment.
10. Familiarity with the Cincinnati region, its neighborhoods, housing stock, building codes and various departments at the city and county levels is a plus.