Job Description
At Community Development Partners (CDP), we envision a future where every community is thriving and equitable. Our mission is to create life-enhancing affordable housing through innovative and sustainable developments that prioritize long-term community engagement. As a certified B Corp and mission-driven organization, CDP leads with impact as a for-profit developer. We’re proud of the over 5,100 affordable homes we’ve developed or preserved across California, Oregon, Nevada, Arizona, and Colorado since our founding in 2011.
We believe in forward progress, hard work, collaboration, fulfilling commitments, and, importantly, a good balance of fun. As an Equal Opportunity Employer, we offer competitive benefits that include highly subsidized insurance, a retirement plan with matching contributions, a sabbatical program, PTO, and more.
If you are an experienced acquisitions professional who thrives on identifying opportunities that empower communities, read on. We have an opportunity for an
Acquisitions Manager to play a key role in developing CDP’s pipeline of affordable housing projects. As a key part of the development team, you will be responsible for sourcing and securing land for new 4% and 9% LIHTC developments, with a primary focus on California and secondary focus on Arizona, Nevada, Colorado, Oregon and Utah.
Your role will involve: - Identifying, analyzing, and securing land and development opportunities for new affordable housing projects in target markets.
- Building and maintaining a robust pipeline of project sites, aligned with CDP’s mission and strategic goals.
- Conducting site feasibility analyses, including zoning, environmental, and infrastructure assessments.
- Collaborating with the development team to ensure site acquisitions align with available federal, state, and local subsidies for affordable housing, including LIHTC.
- Providing input on strategic direction for site selection, including characteristics and geographic focus areas, based on funding opportunities and market trends.
- Developing and maintaining relationships with landowners, brokers, public agencies, and other stakeholders to identify acquisition opportunities.
- Negotiating letters of intent and purchase and sale agreements or ground lease agreements.
- Preparing financial and strategic analysis for site acquisitions, including coordination with finance and development teams.
If the following describes you, we want to hear from you: - Proven track record in land acquisitions, with a minimum of 3 years dedicated to affordable housing development acquisitions.
- Strong understanding of affordable housing finance and subsidy programs, including LIHTC and Private Activity Bonds plus related federal, state, and local programs such as Section 8, HOME, CDBG, HCD, HTF, MHP, MIP, etc.
- Excellent relationship-building skills, with the ability to work collaboratively with internal and external partners to build out a network for land and funding lead generation.
- Analytical and detail-oriented, with the ability to evaluate complex real estate opportunities and make sound recommendations.
- Strong negotiation and communication skills.
- Familiarity with zoning, land use regulations, and market dynamics in the target geographies (California primarily, and Arizona, Nevada, Colorado, Oregon and Utah secondarily) in order to assist in navigating complex entitlement processes.
- Proficiency in MS Office and Google Suite, with experience in project management and real estate software a plus.
- Ability to travel up to 25%.
Minimum Qualifications: - Bachelor’s degree in Real Estate, Urban Planning, Business, or a related field.
- Minimum 3 years of experience in affordable housing land acquisitions.
- In-person presence in our Newport Beach, CA office three days per week.
- Willingness to travel within target geographies for site visits and stakeholder meetings, estimated at 5-10 days per month.
- In depth understanding of affordable housing finance.
The annual salary range for this position is $100,000-$130,000.
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Job Tags
Full time, Local area, 3 days per week,