Director of Real Estate Development
Somerville Community Corporation (SCC) seeks a Director of Real Estate Development tooversee our pipeline of affordable housing and mixed-use development projects, as well as SCC’sexisting real estate assets. SCC is a 40 year old membership-based community developmentcorporation that strengthens our city by producing and preserving affordable housing, and by organizing Somerville residents to give voice to community needs and priorities. Today theorganization has a strong pipeline of development activities, including four active projects indevelopment. We own and oversee the management of 153 rental housing units, and have developed and soldover 100 homeownership units over the last 25 years. In the last three years, SCC has developed61 units of affordable rental housing, with an additional 31 units in construction this year. In 2012 we acquired a strategic site on which to develop 40 units of transit oriented affordable housing over retail space in Union Square. We are currently before the Somerville Planning Board seeking approval for that development. SCC is also exploring a range of financing options to meet ourgoal of developing a significant number of affordable housing units in the next 10 years, inresponse to the build out of the MBTA Green Line extension. The Director of Real Estate Development is responsible for: directing all of SCC’s real estatedevelopment activities; overseeing asset management for the properties we own; and supervising the housing development department staff. S/he reports to the Chief Executive Officer andmeets regularly with our Real Estate Committee. The Director of Real Estate Developmentmanages the department’s budget. S/he sets housing related goals for SCC together with the CEO,Board of Directors and housing development staff. S/he leads the Real Estate team in working closely with SCC’s Community Organizing and Planning Teams to engage community residents inSCC’s real estate projects.
Specific responsibilities include:
Building and maintaining a pipeline of affordable housing and mixed use projects, including project identification, site assessment and feasibility analysis, and collaborating with the City’sOffice of Strategic Planning and Community Development and other organizations.
Supervising SCC’s project managers (currently two) in all project management activities forprojects underway at SCC, including construction bidding and contractor selection, constructionmanagement and project financial management.
Working with project managers on the completion of property acquisitions and unit sales orlease up upon project completion.
Obtaining financing from a variety of sources, both public and private.
Overseeing the asset management of all of the units in SCC’s portfolio, including supervising the work of the property management company that manages SCC’s properties.
Representing the organization in public meetings and coalitions related to SCC’s real estatedevelopment activities as requested.