Senior Development Director, Affordable Housing

Overview

Come join the VOA team as a Senior Development Director, Affordable Housing! This position will serve the Volunteers of America (VOA) property portfolio in Colorado. The state is known for 300 days of sunshine a year, easy access to world class outdoor recreation, and an attractive location for people who value an active lifestyle and wellness. VOA is a national non-profit and one of the largest owner and developers of affordable housing nationwide with a significant portfolio and pipeline in Colorado.

The Senior Director will lead the development of new and renovation of affordable housing projects by working with VOA staff and a team of talented consultants and contractors. Preference is for this individual to be in Colorado, or willing to relocate to Colorado.

Salary: $150,000- $160,000

• 403(b) Retirement Plan
• Pension Plan
• Paid Time Off (vacation, holiday & sick days)
• Quality training, continuing career education, scholarship opportunities, and leadership programs
• Employee Discount Program (car rental, wireless carriers, travel, etc.)

• The Senior Director is responsible for leading a team in executing all areas of development of affordable housing with a focus on financial analysis, due diligence, policy research, site selection, entitlements, financing applications, and overall management of the entire development team/process from inception through permanent loan conversion, 8609’s and transition to asset management.
• Core measures of accomplishment include identifying new opportunities, successful closing of real estate development, acquisition, and/or preservation projects within budget, on schedule, and generation of developer fees/revenue compared to approved budgets.
• Strategy and Business Development:
  Work with the VP, Real Estate development and others to determine the strategic direction in geographic target areas and specific opportunities within those areas.
• Strategy and Business Development:
  Work with VOA affiliates in geographic areas to determine their strategic areas of focus and how VOANS housing development can assist them in meeting their goals.
• Strategy and Business Development:
  Develop and maintain strategic relationships with elected officials, brokers, other developers, property owners, city staff, and other key stakeholders.
• Strategy and Business Development:
  Look for partnership opportunities with other developers/housing authorities when strategically beneficial and respond to RFPs and RFQs.
• Strategy and Business Development:
  Source land opportunities, recommend sites for development, and negotiate Letters of Intent/Purchase & Sale Agreements with brokers/owners.
• Predevelopment & Closing:
  Research affordable housing policy and local funding sources for opportunities.
• Predevelopment & Closing:
  Track market trends, comparable properties, competitive landscape, and other affordable local housing dynamics.
• Predevelopment & Closing:
  Lead the internal team and outside consultants including architect, engineer, environment, market analyst, and other consultants to complete due diligence, design, and permitting.
• Predevelopment & Closing:
  Perform financial analysis using Microsoft Excel.
• Predevelopment & Closing:
  Lead efforts to obtain entitlements and zoning where necessary.
• Predevelopment & Closing:
  Lead and complete financial applications for various funding sources including tax credits, tax exempt bonds, project-based vouchers, CDBG funds, tax exemptions, local soft funds, and other sources.
• Predevelopment & Closing:
  Engage and direct legal counsel (internal and external) in the formation of new entities, closing documents, board resolutions, and other documents.
• Predevelopment & Closing:
  Manage equity and debt relationships with external partners.
• Predevelopment & Closing:
  Prepare DRC/RELC/VOANS Board committee applications and present them to internal committees for review and approval.
• Predevelopment & Closing:
  Lead application and closing processes including equity, debt, soft funds, and due diligence closing checklists through closing.
• Predevelopment & Closing:
  Lead and provide guidance to the development team members for all closing requirements.
• Construct…