The Vice President of Real Estate Development leads a small dedicated team that oversees all aspects of affordable real estate development: site acquisition, land use, and zoning analysis; financial feasibility, packaging, grant writing, and closing;construction administration; and permanent conversation and transfer to operations.
Extensive experience with affordable and/or supportive housing development including usage of low income housing tax credits (LIHTC), tax exempt bonds,state/federal capital programs, and mixed-financed deal is essential.
Primary responsibilities includebut are not limited to:
Obtaincapital from a variety of public and private sourcesincluding municipal, state, federal, and tax credit opportunities, often through competitive RFP processes,for the development of affordable and supportive housing, including new construction and rehab.
Locateand secureviable development sites, often through option agreement or joint venture.
Completefinancial analysis of all prospective projects to determine funding strategy, and highest and best use.
Develop re-capitalizing and re-structuring strategies for existing assets.
Prepareproformas and other projections to create financially viable construction and permanent operating budgets.
Superviseteam of Real Estate Development Project Managers.
Superviseand work collaboratively with a team of consultants including lenders, attorneys, architects, engineers, contractors, and others.
Work with local and regional elected officials and boards to advise strategy.
Manageand lead the entirety of the real estate development process including financing, closing, construction administration, and placement into service.
Work collaboratively with Westhab’s Housing, Services, and Finance Divisions to gain input on real estate development strategy and create projects that reflect the community needs, organization’sexpertise, and organization’srisk tolerance.
Participatein organizationalstrategic planning and other executive management processes.
Other duties as assigned by the President/CEO
Extensive experience (10 years+ preferred) in the affordable real estate development field including a demonstrated track record of leading all aspects of the real estate development process.
Expert level written and verbal communication skills that reflect ability to lead staff, perform and prioritize multiple tasks seamlessly with excellent attention to detail, and build relationships with a wide variety of stakeholders. Passion for Westhab’s mission of producing top-quality affordable and supportive housing essential