Please Note: Communications regarding this position may include the company name “Banner Property” and should be deemed legitimate.
LOCATION: Chicago, IL (Hybrid); In-office at least 2 days per week
REPORTS TO: Full Circle Communities President and CEO
DIRECT REPORTS: Senior Vice President of Real Estate and at least two Senior Project Managers
TRAVEL: Requires occasional travel throughout Chicagoland area, to Detroit, and Kalamazoo for key stakeholder meetings, public meetings, and construction oversight
COMPENSATION: $185,000- $200,000. In line with our commitments to internal equity, we will not hire someone at this job level below or above the stated range.
*BENEFITS: At Full Circle Communities, our benefits are designed to support your well-being, growth, and day-to-day life. The goal is simple: make sure you have what you need to do your best work while maintaining balance.
Hybrid work environment with up to three remote days per week11 days of paid vacation, plus 12 company holidays and 3 floating holidaysEmployer-supported medical, dental, and vision benefitsPaid parental leaveSIMPLE IRA with up to a 3% employer matchEmployee Assistance ProgramUp to $5,250 annually for professional development and education assistanceMission-driven work with opportunities for growth and advancement
POSITION SUMMARY: The Managing Director of Real Estate Development (MD-RED) is a position of critical importance to Full Circle’s growth and stability. This position is responsible for driving the activities of the Real Estate Development (RED) team, emphasizing operations, policies, and procedures. The MD-RED works with other senior leadership to improve expertise and teamwork between departments in support of Full Circle’s mission: to increase access to affordable housing through preservation and development, thoughtful design, and the provision of significant and targeted services to our residents.
Within 6-12 months in the role, a successful MD-RED will:
Oversee RED Team's pipeline:Three permanent financing conversionsThree closings/construction startsThree to four LIHTC applications and various soft funding applicationsOversee nine person RED Team to ensure timely collection of scheduled developer fee installmentsEstablish and staff a clear cadence for the Development Committee of the Board of DirectorsContinued implementation and updates to Full Circle’s internal Basis of Design StandardStrengthen development pipeline in consultation with CEO and COO, with a strong focus on recapitalization of several existing FCC assets and new development in our existing marketsPartner with Finance Team and Asset Management to establish clearer financial underwriting guidance for RED TeamIn pursuit of this mission, the MD-RED’s duties shall include:
Real Estate Development Execution (25%)
Oversee acquisition, financing, design, and construction activities across the development portfolio.Guide the selection of development opportunities and key members of project teams.Lead negotiations and provide direction on loan documents, partnership agreements, and third-party contracts.Support strategic decision-making on deal structures and major project milestones.Development Finance Oversight & Risk Management (30%)
Provide financial oversight for the real estate development portfolio, including revenue forecasting and expense management.Monitor development pipeline risks and evaluate potential financial impacts.Oversee pre-development expenditures and establish financial benchmarks for proposed developments.Manage developer fee projections, contingent liabilities, and overall corporate exposure.Prepare monthly reports and analyses for executive leadership and the Board of Directors.Organizational Strategy & Leadership (15%)
Partner with the CEO, leadership team, and Board of Directors to establish strategic priorities and organizational goals.Develop and implement business plans, work plans, policies, and procedures.Work collaboratively across departments to ensure alignment and effective execution of organizational initiatives.Serve as a member of the leadership team and help shape the organization's direction.Talent Management & Staff Development (20%)
Lead and supervise senior members of the Real Estate Development team.Define performance expectations and manage department staffing and workload allocation.Ensure appropriate training and professional development opportunities for staff at all levels.Recommend promotions, compensation adjustments, and succession plans for department personnel.Foster a culture of accountability, collaboration, and continuous improvement.External Relations & Stakeholder Engagement (10%)
Serve as a senior ambassador for Full Circle Communities, cultivating and maintaining strong relationships with public agencies, elected officials, community partners, lenders, and industry stakeholders.Advance the organization's strategic priorities through active participation in local, regional, and state initiatives that shape affordable housing and community development policy.Lead community engagement efforts for development projects, representing FCC at neighborhood meetings, public hearings, and other forums while building trust and fostering productive partnerships.Act as an organizational spokesperson and thought partner, strengthening FCC's reputation and ensuring the organization is effectively represented across external audiences and key constituencies.REQUIRED SKILLS AND ABILITIES
Required Qualifications
Bachelor’s degree or appropriate professional experience may be substituted for a degree12+ years of direct experience in affordable housing development with extensive technical knowledge and demonstrated ability to structure complex private and public debt, equity, and grant funding for affordable housing development projectsSubstantial experience with architectural and engineering design and construction materials and methods, including the ability to read technical drawingsCompleted multiple affordable housing development projects in a leadership role such as Project Manager, Senior Project Manager, or Vice President.Capacity to exercise considerable initiative, independent judgment, assess risk, and communicate around typical acquisition, financing, construction, legal, and design issuesEffective communicator verbally and in writing, with well-developed analytical, negotiation and public speaking skillsPrior supervisory experience in the affordable housing field with demonstrated ability to supervise staff, mentor, train and provide feedbackAbility to collaborate with and lead a wide variety of individuals and groupsWorks productively under pressure and demonstrates ownership of work and outcomes
Our strongest candidates will have:
Sustained exemplary performance as a senior member of an affordable housing development teamCompleted 10+ affordable housing developments in a leadership role5+ years of supervisory or management experience in the affordable housing field
Why Join Full Circle?
Full Circle Communities’ mission is to expand access to quality affordable housing through preservation and development, thoughtful design, and the provision of significant and targeted supportive services to our residents and the surrounding communities.
We are a non-profit developer, owner, and manager of affordable housing. We currently have ownership/affiliated interests in and/or manage over 1,200 apartment units in Illinois, Iowa, and Michigan. We achieve our mission collaboratively – with our residents, our communities, our industry partners, and our fellow employees.
We seek committed, enthusiastic individuals who are inspired by our mission and energized by the opportunity to create and operate service-enriched affordable housing. We invest in our team members' growth because we believe our success depends on growing together. In return, you'll find a collaborative environment where your contributions are valued, your ideas are welcomed, and your professional development is supported.
To learn more about our portfolio and the on-site services that we provide, please visit http://www.fccommunities.org/.
Pre-Employment Requirements: final candidates will be required to pass a background check and provide professional references
Full Circle Communities is proud to be an equal opportunity employer, and while we have a set of preferred qualifications listed, if you have other experience that you think is related, please apply.
*Benefits may vary based on role, location, and employment status. Eligibility requirements and additional details are provided during the hiring process and outlined in the employee handbook.
Read LessLocation: 1212 Larkin & Wildwood Trace Apartments; Elgin, IL
Schedule: Monday–Friday, plus weekends/holidays as needed
Salary: $68K - $80K, commensurate with experience
Benefits: Health, dental, vision, Simple IRA, PTO, life and supplemental insurance, short- and long- term disability, and more.
Please Note: Communications regarding this position may include the company name “Banner Property” and should be deemed legitimate.”
Qualifications:
Required:
High School diploma or GEDAt least 3 years of experience in multifamily property managementTax Credit Certification (or ability to obtain within 120 days of hire)Proficiency in Microsoft Word and ExcelStrong communication, organizational, and leadership skillsValid driver’s license, auto insurance, and reliable transportationPreferred:
Bachelor’s degree and 5+ years managing staff and property operationsAccredited Residential Manager (ARM) certificationPSH Expertise: Prior experience in Permanent Supportive Housing (PSH) is highly preferred, specifically a demonstrated ability to navigate the unique needs of residents who have experienced homelessness, trauma, or have complex physical and behavioral health needs.Physical Requirements:
Must be able to lift up to 20 lbs. occasionallyFrequent walking, stair climbing, and site inspections (including attics/roofs)At Full Circle Communities, Inc., we’re driven by a mission to increase access to affordable housing through thoughtful development, preservation, and supportive services. We believe that safe, affordable homes build strong, vibrant communities—and we’re looking for someone who shares that vision.
We are seeking a highly motivated Community Manager to oversee the day-to-day operations of one or more properties in our regional portfolio. This role is vital to the success and stability of our communities and plays a central part in creating positive, supportive living environments for our residents. You will lead property staff, manage finances, ensure regulatory compliance, oversee maintenance, and foster strong resident relations.
Key Responsibilities:
Team & Leadership
Assist in hiring, training, and supervising on-site property staffProvide feedback and contribute to performance reviewsEnforce company policies and ensure a professional, respectful work environmentFinancial Oversight
Collect and post rent, handle deposits, and manage petty cashApprove invoices and assist with budget creation and variance reportingRecommend rent increases and manage evictions when necessaryProvider Partnership:
Maintain a high-functioning relationship with on-site service providers to coordinate resident support, manage reasonable accommodation requests, and proactively address lease compliance through a collaborative, mission-driven lens.Regulatory Compliance
Ensure ongoing compliance with a variety of housing programs, including: Section 42, HUD, HOME, Section 811, PBRA, FHLB, and Bond ProgramsAdministrative & Leasing
Approve and reject applicants (subject to change)Maintain accurate lease files and property recordsMonitor and improve leasing performance and occupancy ratesAnalyze market trends and coordinate advertisingMaintenance Oversight
Ensure timely response to maintenance requestsConduct unit and site inspectionsCoordinate with vendors and contractorsRespond to emergency situations promptlyResident Engagement
Serve as a key point of contact for resident concernsSupport lease renewals and resident retentionOversee resident activities and community-building effortsWhy Join Full Circle?
We’re more than a property management company—we’re a mission-driven organization that puts people first. Join a passionate team dedicated to housing equity and make a direct impact on the lives of residents across our communities.
Pre-Employment Requirements: final candidates will be required to pass a background check and provide professional references.
Full Circle Communities is an Equal Opportunity Employer.
