Description
Völker is a developer and owner of affordable housing with an unwavering commitment to making housing attainable nationwide. Our core focus is clear: provide high-quality, affordable housing to better places and better people. Volker was founded in Wisconsin. Today, we are headquartered in Louisville, KY with remote offices in a half-dozen states. We invite you to be part of our journey.
POSITION SUMMARY:
The Development Coordinator will bring capacity and expertise to advance projects between initial site control and project stabilization. This role is integral to the successful delivery of new developments and achieving company goals. This position is highly collaborative and process-oriented connecting internal departments and external stakeholders. The Coordinator will assist Managing Directors of Development in most aspects of project management through the development life cycle.
ESSENTIAL JOB DUTIES AND RESPONSIBILITIES:
The Development Coordinator will direct due diligence providers, secure entitlements and municipal support, assist with procuring capital resources, support closings, make capital calls, and more specifically, the following:
Pre-Development:
Evaluate zoning requirements, make applications and coordinate with professionals and consultants as needed.
Perform local market analysis to confirm rents, other income, demand, unit mix, and utility allowances.
Order and evaluate customary due diligence: market studies, environmental reports, appraisal, energy consumption models etc.
Prepare financing applications: LIHTC, gap, TIF etc.
Collaborate with Building Delivery function and third-party design team to perform site feasibility and utility access.
Perform site visits and attend public meetings from time to time.
Closing:
- Prepare LOI solicitations for equity and debt.
- Respond to financing partners, due diligence providers and agencies requests for project information.
- Maintain third-party engagements and sync with project accounting.
- Support closing across all functions.
- Update and record project information.
Post-Construction and Stabilization:
- Liaison with Asset Management and property management companies during initial lease-up to confirm occupancy requirements are documented and monitor progress.
Facilitate bidding, procurement and installation for Furniture, Fixtures, and Equipment (FF&E) to ensure amenities (common areas, offices, gyms and clubhouses) are outfitted for project requirements and within budget.
Ensure that capital calls are made as soon as allowed and that all conditions are satisfied and documented.
Support conversion to permanent financing by ensuring conditions are achieved, due diligence is provided and financial performance and adjuster projections are coordinated between property management, asset management, lenders and investors.
Complete and submit Placed and Service and 8609 applications to state agencies.
Requirements
MINIMUM SKILLS AND ABILITIES
- Experience: 2–4 years of in multi-family real estate development; direct experience with Low Income Housing Tax Credit or affordable housing projects is strongly preferred.
- Advanced proficiency: Microsoft Office Suite, AI workflow and AI document integration.
- Demonstrated ability of managing multiple projects simultaneously and to multitask independently.
- Highly detail oriented, excellent written and verbal communication and possess strong cross-functional relationship-building skills.
- Continual improvement and problem-solving mindset
WORK LOCATION AND EXPECTATIONS
- This position is full-time and based in Minneapolis, MN. Work is expected to be performed primarily at the company office with flexibility for limited days or hours to work remotely.
- Prolonged periods sitting at a desk and working on a computer.
- Must be able to lift up to 25 pounds at times.
- Travel is required.
