New Kensington Community Development Corporation (NKCDC) is a community development corporation committed to sustainable development in housing opportunities, economic development, vacant land strategies, community engagement, and real estate development. NKCDC advances social equity and economic empowerment by nurturing and creating opportunities for residents to live and actively shaping their neighborhoods of choice. To that end, NKCDC provides free resources to residents and businesses in the Kensington, Fishtown, and Port Richmond neighborhoods.
NKCDC has a strong reputation, both locally and nationally, with longstanding credibility of serving as a trusted and valuable partner and collaborator. The organization is currently one of only two community development organizations in the City of Philadelphia that are chartered members of the NeighborWorks America network. Our current work using a trauma-informed community engagement model, applying a racial equity lens across the organization, and leading programs at the intersection of health and housing are keeping NKCDC at the cutting edge of community development. NKCDC draws on the strengths of the communities in Kensington, Fishtown, and Port Richmond — a population of over 62,800, 23% of whom live below the federal poverty level — to make sure neighborhood development benefits all residents. More information can be found at nkcdc.org.
Function
The Director of Real Estate will play a crucial role in advancing the NKCDC’s real estate initiatives. This individual will be responsible for supporting the Vice President of Real Estate and Economic Development and overseeing the planning, execution, and management of property acquisition, redevelopment, and related activities. The Director of Real Estate will work collaboratively with the VP to achieve programmatic and operational goals, supporting the implementation of the mission-driven real estate development strategy and strategic economic development plans.
Reports to
Vice President of Real Estate and Economic Development
Responsibilities
Property Acquisition and Redevelopment; Property Management
- Oversee the planning and execution of property acquisition, redevelopment, and repair/ improvement projects.
- Measure and monitor performance of NKCDC real estate; identify options to improve performance.
- Oversee property maintenance functions, including insurance coverage and compliance with applicable laws and regulations.
Contract Management:
- Manage competitive selection processes for real estate development professionals such as architects, contractors, property managers, and other professionals.
- Manage contracts with real estate development professionals.
- Ensure compliance with project budgets, schedules, and scopes of work
- Review and provide feedback on proposals, bids, schedules, contract documents, drawings, submittals, invoices, and other deliverables.
- Process purchase orders, invoices, contracts, and grant/ loan draws.
- Complete other tasks as needed to keep projects moving.
- Monitor and improve contract performance.
Grant and Loan Applications and Compliance:
- Prepare proposals and applications for loans and grants to support real estate development activities.
- Ensure compliance with grant and loan requirements; prepare reports and complete other compliance tasks.
- Help develop and maintain bank and funder relationships.
Strategic Collaboration:
- Work closely with the Executive Director and the VP on the execution of all strategic real estate development goals and initiatives.
- Identify new methods of financing and structuring of housing and other kinds of community development including green, commercial, and mixed-use properties.
- Engage with neighborhood residents regularly.
- Assist in NKCDC’s advocacy work related to housing and community development.
- Assist with the management of other Real Estate Department functions; participate in responsibilities shared by all NKCDC managers.
Other Duties
- Carry out other Real Estate Department activities and duties as assigned
Qualifications
- Experience in real estate development, including housing development, and property management.
- Experience with management and compliance of loans and grants commonly used in non-profit real estate development.
- Commitment to the mission and goals of NKCDC.
- Demonstrated experience as a supervisor with an emphasis on the professional development of staff.
- Exemplary interpersonal communication skills; Proven track record of collaborating with culturally diverse groups, encompassing individuals with varied life and professional backgrounds.
- Ability to build and manage relationships.
- Keen understanding of (and prior experience utilizing) evaluation and assessment tools for
- measuring, analyzing, and communicating outputs and outcomes.
Compensation
The salary for the Director of Real Estate is $81,010/yr. with a full-time schedule, 35 hours per week. To counter pay inequality and uphold internal parity, we use a nonnegotiable starting salary system, while benchmarking our pay to competitive markets in the nonprofit sector. Excellent benefits include an HMO health plan, long- and short-term disability insurance, life insurance, paid vacation, and a 403(b)-retirement plan. This position is available for (1) work from home day. Work hours are from 9am-5pm. This position will be on-site at our central office, 2771 Ruth Street, Suite 1, Philadelphia, PA 19134.
Application process
Applicants should submit a cover letter and resume to HR@nkcdc.org, with “[YOUR NAME] Director of Real Estate” in the subject line. Applications received by January 29, 2024, will be given full consideration. All candidate resumes are given consideration and are kept on file for one year, but we cannot always respond personally depending on the volume of inquiries.
Hiring process
Our hiring process includes a 20–30-minute interview with HR, followed by an in-person interview with the hiring manager, and finally an hour-long “panel” interview with 3-4 staff members. Reference checks are conducted after the final interview.
Equal Employment Opportunity
NKCDC provides Equal Employment Opportunity (EEO) to all persons regardless of age, race, national or ethnic origin, gender identity or expression, religion, language, political beliefs, sexual orientation, or physical ability. We know groups subjected to systemic oppression– including people of color, women, people from working class backgrounds, and people who identify as LGBTQ – are less likely to apply unless and until they meet every requirement for a job. Therefore, we strongly encourage applications from people with these identities or who are members of other communities who are marginalized.