Senior Development Director, Affordable Housing in Sacramento, CA at Volunteers of America

Date Posted: 4/16/2021

Job Snapshot

Job Description

VOLUNTEERS OF AMERICA NATIONAL HEADQUARTERS
Senior Development Director, Affordable Housing

Come make a difference! Volunteers of America is one the nation's largest and most comprehensive human services organizations. Since 1896, our ministry of service has supported and empowered America's most vulnerable groups, including at-risk youth, the frail elderly, men and women returning from prison, homeless individuals and families, people with disabilities, and those recovering from addictions. We are one of the nation’s largest nonprofit providers of quality, affordable housing for low and moderate-income households and persons with special needs.

The Senior Development Director, Affordable Housing is responsible for sourcing and closing on the development, acquisition or preservation of affordable housing projects utilizing Federal, state, local and private funding sources, including LIHTC and conventional debt. Core measures of accomplishment include successful closing of real estate development, acquisition, and/or preservation projects within budget and on schedule. Generation of developer fees and revenue compared to project pipeline projections.

Essential Functions, Duties & Responsibilities

Predevelopment Phase

  • Analyze real estate market and recommend available sites for development.
  • Perform site due diligence, directly or in conjunction with site finder, (utilities, zoning, etc.).
  • Negotiate with land or building Seller to finalize the purchase of the site or extend options as required.
  • Direct third party due diligence by engaging contractors, architects, appraisers, market analysts, and other consultants.
  • Solicit community support/funds, which includes organizing and attending public meetings, researching funding opportunities and preparing or assisting in the preparation of funding applications.
  • Working with Construction Director, direct architect and contractor in the design, value engineering and permitting of the project.
  • Secure financing. Lead development team members in the preparation of documentation required for the submission of application packages for financing and approval.
  • Engage and direct legal counsel (internal and external) in the formation of new entities, closing documents, board resolutions and other documents that may be required for the successful development of the project.
  • Represent ownership sponsor at city/county zoning meetings/neighborhood meetings – this may require multiple meetings throughout the development.
  • Complete necessary tasks to meet tax-credit carry-over requirements and other pre-closing funding agency milestones.
  • Provide guidance to the development team members for closing requirements.

Construction Phase

  • Supervise construction phase with support from the Construction Director or owner representative in directing the architect and contractor during construction and any follow up during warranty period.
  • Oversee construction draw and equity draws.
  • Provide direction and guidance, and facilitate the transition from development to operations - which includes consistent communication with and directing activities for the Interdepartmental Team including housing management, accounting, asset management and local affiliate staff, among others.
  • Responsible for organizing ground breaking and grand opening ceremonies, including providing direction and guidance to VOA Communications Department, directing local affiliate staff, vendors, media and local politicians.
  • Work with Development Accounting and Asset Management Compliance to assure the funding compliance requirements are completed on time.
  • Perform project closeout activities.

 

Job Requirements

Knowledge, Skills and Abilities

  1. Bachelor’s degree required with graduate degree preferred.
  2. Excellent project management skills and experience.
  3. At least 8 years’ related experience and/or training; or equivalent combination of education and experience in affordable housing real estate development and housing finance.
  4. Experience having lead project teams and closed at least two LIHTC transactions.
  5. Excellent organizational skills.
  6. Excellent written and verbal communication skills including public speaking and making presentations
  7. Ability to work independently and keep flexible hours. Ability to travel is required, up to 15% of time.

EOE M/F/Vets/Disabled