Director of Real Estate Development

SHCLA • Full-time • Remote (Oakland, CA) • $165k - $169k / year • 3w ago

Location: Remote with in-office work expected in Oakland, CA

Role Summary

As the Director of Real Estate Development, you will play a critical role in the affordable housing development team. This role leverages expertise in structuring affordable housing deals and strong financial acumen to drive successful project execution. In addition to involvement in affordable housing transactions, the role also supports the overall financial management of the organization through ad hoc corporate finance tasks.

What You’ll Do

Building Real Estate Development Department (RED) Infrastructure: Create policies and procedures for RED, regularly create templates and tools to improve effectiveness and efficiency, and lead weekly meetings with the project manager and executive director.
Affordable Housing Deal Structuring: Lead the financial analysis and structuring of affordable housing projects, including joint venture partnerships with established nonprofit and for-profit affordable housing developers, tax-exempt bond financing, and other subsidy programs.
Financial Modeling: Develop and maintain sophisticated financial models in Excel to assess project feasibility, investment returns, and risk analysis for each project.
Capital Sourcing: Identify and secure various sources of financing for affordable housing projects, collaborating with lenders, investors, and public agencies to optimize project funding, including CDFIs such as LISC, BAHFA, HAF, CSH, and private loan products such as 223f loan products. Maintain familiarity with tax-exempt bond financing for property acquisitions.
Due Diligence: Conduct thorough financial due diligence for potential affordable housing opportunities, evaluating financial viability and risk assessment, including securing predevelopment funding.
Regulatory Compliance: Stay updated with federal, state, and local regulations related to affordable and supportive housing finance and Community Care Licensing (Title 22), ensuring compliance with all applicable requirements.
Corporate Finance Support: Assist in ad hoc corporate finance tasks, such as budgeting, forecasting, and financial reporting for the overall organization.
Financial Reporting: Prepare comprehensive financial reports and presentations for senior management and stakeholders, conveying project performance and financial projections.
Risk Management: Assess and mitigate financial risks associated with affordable housing development projects.
Refinances and Conversions: Complete refinances and conversions.

Required Qualifications

Bachelor’s degree in Finance, Real Estate, Business Administration, or a related field (Master’s degree is a plus)
Minimum of 5 years of experience in finance, with a focus on finance related to affordable housing
In-depth knowledge of affordable housing financing mechanisms, including LIHTC and tax-exempt bonds
Strong financial modeling skills with the ability to perform complex financial analysis
Exceptional communication and negotiation abilities to collaborate with various stakeholders effectively
Experience with 8609s and conversions
Proficiency in financial software and Microsoft Office Suite

Compensation & Benefits

Full-time salary of $165,000–169,450 paid annually
Comprehensive benefits package including health, dental, and vision insurance
Retirement savings plan with company match, including matched IRA contribution up to 3%
Sick, vacation, and family leave
Flexible work hours and location
Opportunities for professional development and career growth
Beautiful co-working space in downtown Oakland with opportunities for hybrid work

About the Employer

SHCLA (Supportive Housing Community Land Alliance) is a nonprofit developer of permanent supportive housing with a pipeline of projects in Alameda County. The organization’s mission is to ease the housing crisis for people living with severe mental health issues by building affordable rental homes and providing on-site wraparound supportive services.

How to Apply

Please submit a resume and letter of interest to admin@shcla.land no later than February 16, 2026.

Equal Opportunity Statement

At SHCLA, we celebrate diversity and are committed to creating an inclusive environment for all. Individuals from all backgrounds, including BIPOC, LGBTQ+, people with disabilities, and veterans, are strongly encouraged to apply. SHCLA is an Equal Opportunity Employer.

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