Development Coordinator - Phoenix Regional Office

Dominium is helping tackle the affordable housing crisis - and we're looking for motivated candidates to join our team and help further our mission. With offices in Minneapolis, Atlanta, Dallas and Phoenix, Dominium is one of the nation's most respected and innovative affordable housing development and management companies. We create quality, affordable homes and engage with our residents daily to create a strong sense of community and connectivity.

Join us in making a difference in people's lives every day at a company where you can challenge yourself to develop both personally and professionally.

POSITION SUMMARY:

The Development Coordinator plays a crucial role in managing the due diligence process for an assigned portfolio of multifamily real estate development projects. These projects span across various stages of the development lifecycle, from pre-purchase agreement through closing and pre-stabilization. As a key member of the development team, the Development Coordinator ensures the organized and timely completion of due diligence, financing applications, and post-closing value events.

ESSENTIAL FUNCTIONS:

• Prioritizes and manages multiple complex projects concurrently, ensuring all deadlines within the
• Prepares and coordinates comprehensive due diligence materials for lenders and equity institutions related to affordable multifamily housing closings, including acquisitions, resyndications, and new construction projects.

• Assists with preparation of bond applications, tax credit applications, and other financing or soft funds packages that are needed to secure funding for projects.

• Oversees and coordinates post-closing activities, including state agency reporting, 8609 applications, permanent financing conversions, equity installments, and refinances. Actively engage with stakeholders to coordinate the necessary due diligence for each value event, ensuring compliance with all requirements.
• Orders third-party reports throughout various phases of a project including, but not limited to, Environmental Studies, Property Condition Assessments, Appraisals, Market Studies, Title and Survey, and Zoning Reports.
• Fosters relationships with other departments such as property management, asset management, construction, accounting, and compliance to streamline communication and gather necessary information for lenders and investors.
• Participates in regular conference calls with the development team, lenders, investors, underwriters, attorneys, and other stakeholders to provide updates on the due diligence process.
• Interprets and extracts key information from loan agreements and partnership agreements to understand project timelines and track upcoming value events.
• Maintains organized electronic due diligence files in accordance with existing processes and standards.
• Monitors and updates project management software to ensure timely task completion and accurate reporting.
• Organizational and communication skills are essential.

QUALIFICATIONS:

• A minimum of 5 years of experience in property management, banking, finance, or real estate, or a Bachelor's degree in Real Estate, Finance, or a related field.
• Experience in the real estate industry, particularly in affordable housing, tax credit syndication, and transaction processing, is highly preferred.
• Familiarity with Yardi and Workfront is advantageous but not required.
• Ability to communicate clearly with others orally and in writing in English.
• Excellent verbal, written and interpersonal communication skills.
• Proficient in Microsoft Office Suite, including Word, Excel, Access, and PowerPoint.

About Us: Dominium is one of the leading affordable housing development and property management companies nationwide. We operate in approximately 20 states and employ over 1,200 employees. For 50 years, we have offered excellence to the development and management of affordable housing communities across the United States. Dominium's values - creating long-term value, developing people, integrity, and growth - are built upon our company's mission and vision. We offer a competitive salary, incentive bonus program, training and development programs, career growth opportunities and community volunteer and outreach programs. We also offer a comprehensive benefits package for eligible employees including Medical, Dental, Life & Disability, Paid Time Off, 401(K), Flexible Spending Accounts, Employee Recognition & Wellness Programs.

Dominium is committed to a diverse and inclusive workplace. Dominium is an equal opportunity employer and does not discriminate on the basis of race, national origin, gender, gender identity, sexual orientation, protected veteran status, disability, age, or other legally protected status.