- The position requires total responsibility for the successful development of residential apartment projects for low and moderate income seniors. Coordination of multiple projects in varying stages of development. This position requires excellent leadership skills, the ability to navigate the numerous challenges that arise during the development process, and to make responsible decisions based upon the long-term interests of the agency and its Strategic Plan. This position requires financial acumen, understanding of basis design and construction fundamentals, creative thinking, leadership ability, and effective communications skills. Report to the agency’s Executive Director, with oversight by the Board’ of Director’s Site Acquisition and Development Committee.
Primary Duties Include:
- Origination and evaluation of low and moderate income housing development opportunities, primarily within Philadelphia and Montgomery Counties
- Establish and maintain strong relationships with all parties in the development process.
- Determination of the suitability of a site, including zoning challenges, density, proximity to amenities, site and environmental conditions, and command of the land-development approval process Delivery of high quality professional presentations before potential lenders, investors, municipalities, and community constituents who are potentially adverse to low and moderate income housing developments; ability to use Power Point and other software to help visualize and explain the project.
- Accurately prepare complex financial schedules to determine a project’s financial feasibility.
- Prepare and coordinate complex financing applications for Low Income Tax Credits and construction and permanent financing.
- Initiate discussions with and negotiate the terms of all equity and debt financing, followed by coordination of the legal documentation required to achieve a closing.
- Evaluate anticipated pre-development expenses and budget the required timing for their disbursement.
- Assist in the coordination of architects and engineers to design proposed developments in accordance with agency, industry, and governmental housing/building standards and codes.
- Establish and maintain realistic project schedules and directing the workload and priorities of development team members.
- Coordination of parties hired for construction management to ensure delivery on-time, on-budget and in compliance with all governmental requirements and with the requirements of the LITC reservation/allocation.
- Coordinate all aspects of project close-out, including the completion of cost certifications, submission of documentation to receive IRS Form 8609 and to comply with all lender and governmental requirements.
Requisite Abilities and Accomplishments
- At least four years’ experience in real estate development, preferably with low and moderate income residential apartment developments utilizing Section 42 of the Internal Revenue Code, and governmental loan and grant programs.
- Demonstrated entrepreneurial experience and proven track record.
- Self-starter who is able to initiate and coordinate all aspects of real estate development without significant supervision.
- Solid financial and analytical skills as demonstrated by prior successful coordination of project financing.
- Excellent verbal and written communications skills.
- Confidence in delivering presentations before possibly contentious groups.
- Outstanding interpersonal skills including the ability to establish and maintain responsive and effective working relationships with governmental entities, lenders, investors and third party professionals.
- Discretion in handling confidential information.
- Ability to exercise sound judgment while working under pressure to meet short-term deadlines. Excellent work ethic and professionalism.
Please apply here.
Posted by asmirm on April 27, 2015
Posted by asmirm on March 2, 2015
The check isn’t the only thing oversized; Wells Fargo’s heart behind this $10,000 grant to Federation Housing Inc. to assist low-income elderly in the area also proves it pulses big time. From left at the presentation, held at the agency’s Florence E. Green House, affordable-living complex in Trevose, are Francine Tabas, senior vice president, Wells Fargo, and member of FHI’s board; Melissa G. Landay, WF regional vice president; Aldustus Jordan, senior vice president for community affairs, Wells Fargo; Eric D. Naftulin, FHI executive vice president; Brian Gralnick, director, Center for Social Responsibility, Jewish Federation of Greater Philadelphia; and Richard T. Callahan, Jr., office manager, Community Lending and Investment, Wells Fargo.
By: Michael Elkin, Source: Jewish Exponent
Posted by asmirm on January 30, 2015
Our Winter 2014 Friends Digest issue is out.
Friends Digest – Winter 2014
Posted by asmirm on December 30, 2014
Who gets the last piece of pumpkin pie? It was all up to kibitzing debate as senior residents of Federation Housing, Inc., shared a Thanksgiving feast and fun, compliments of the Jewish Federation of Greater Philadelphia, the Pincus Fund for Hunger Relief and individual donors. More than 400 residents spanning six locations gathered to celebrate the joyous holiday, including Samuel A. Green House buddies (from left) Nellie Mizrahi, Gail Gross, Adele Rappoport and Hilda Gecker.
Source (Jewish Exponent)
Posted by asmirm on December 11, 2014
Federation Housing, Inc.’s board and staff gathered to honor exec, Eric D. Naftulin, for his 25 years of distinguished service. Board president, Brett Altman, along with fellow board and staff members, lauded Eric for his extraordinary and tireless caring for FHI’s low-income, senior residents and his tremendous leadership of the organizing for a quarter-century.
Please visit our Facebook page for pictures from this event.
Posted by asmirm on November 9, 2014
“On Friday Spetmeber 5th, eight Bright Invention members took our form Click to the Samuel F. Green House in Elkins Park, a senior independent living community of Federation Housing, Inc. In a bright community room, we performed a slightly modified version of Click for about 40 seniors in residence there. Rising Leader Randi Hickey stage managed, ensemble member Kevin Chick had his Bright Invention debut, and, for the first time, Artistic Director Jennifer MacMillan played in with the ensemble!
By all accounts it was a smashing success, and we mingled with the residents afterwards who shared their delight and questions with us. White Pines will be growing this Initiative in the future, so if you have any ideas about senior centers that might support a visit from us, please let us know!
Our partner at Federation Housing, Kathy Sarlson, was extraordinarily helpful and supportive, and she shared these pictures with us!”
-White Pines Productions – Original Post
Posted by asmirm on September 8, 2014
Jeff Bartos is the North American CEO of the Mark Group,a global provider of home energy efficiency solutions. He also is a member of the executive committee of Jewish Federation of Greater Philadelphia’s real estate affinity group, colloquially known as JFRE.
In his business dealings, Jeff has worked closely with the Philadelphia Electric Company and knew of a PECO program that would help JFRE fulfill its mandate of enabling older adults to age in place and remain connected to their communities.
The PECO Default Service Provider program, or DSP, invests resources in helping low-income residents of multifamily dwellings to replace “energy-guzzling” heating and air-conditioning systems and appliances with more efficient models.
“I thought that this would be a great way for Federation Housing, Inc., to conserve energy and save on their utility bills,” said Jeff, who personally pitched the project to Valeria Bullock, senior business analyst for PECO’s Low Income Usage Reduction Program.
Jeff sat down with Eric Naftulin, executive director and CEO for the housing agency, to determine which facility would reap the most benefits from this program. Together, they looked at past utility bills and selected the Robert Saligman House in Northeast Philadelphia, where more than 180 low-income seniors make their home.
Source: Jewish Exponent, Link: Full Article, Author: Lynn B. Edelman
Posted by asmirm on January 29, 2014