Regional VP of Real Estate Development

Company:
Volunteers of America National Services

The Regional VP of Real Estate Development is responsible for assisting the VP of Real Estate Development in implementing a regional development strategy and pipeline through sourcing new construction, acquisition and preservation affordable housing projects within an assigned region. Supervise assigned team of Senior Development Directors, Development Director(s) and Housing Associate(s) in managing the real estate transaction pipelines within the assigned region.

The Regional Focus is on the East Coast region. North Carolina:
Wake County and Buncombe County. Ideal candidate will also have exposure to Rowan County, Forsyth County and Cumberland Co. District of Columbia/Maryland/Virginia (DMV):
Fairfax County and Frederick County. Ideal candidate will also have exposure to Loudoun County, District of Columbia, Montgomery County and Prince George’s Co.

* A successful candidate will have a strong knowledge of the East Coast market and strong relationships with focus counties, NCHFA, local GCs, architects, and engineers;
McGuire Woods (as the go to bond counsel in NC) and other local LIHTC attorneys, FCRHA, Virginia Housing, Virginia DHCD, Maryland DHCD, DC DHCD, local GCs, architects, and engineers;
Ballard Spahr (as the go to bond counsel in the DMV) and Maintain close relationship with VOACC and MANDC.

Schedule: Monday-Friday 8:00 AM-5:00 PM (3 days onsite, 2 days work from home
)

Salary: $160,000-$190,000 (Salary is negotiable based on years of experience)

• Medical, Dental and Vision insurance
• Health Savings Account (HSA)
• Flexible Saving Account (FSA)
• 403(b) – with discretionary contribution
• Paid Vacation/Sick Time
• Net Spend – Get paid early:
  Tap into 50% of your earnings before payday

This position will be responsible for regional revenue generation and project management activities of assigned deals in addition to managing his/her own projects from concept to stabilization.

• Work with the VP of Real Estate Development, Senior Development Directors and others on the housing team to carry-out strategic direction.
• Responsible for production targets within assigned region, including but not limited to, key market states. Will work with Senior Development Directors and VP of Real Estate Development to create key market strategy and success.
• Work with the real estate team to assess and analyze regional housing programs and funding sources to be utilized in achieving success of regional growth by 50% within five (5) years.
• Create, maintain and support relationships with key stakeholders including elected officials, state and local agency directors/staff, investors/lenders and policy makers to gain support for the production of affordable housing and the integration of housing and healthcare.

• Negotiate site control for desired sites/locations.
• Analyze financial feasibility, including proformas, revenues, operating expenses, budgets, construction estimates, and financing.
• Prepare Volunteers of America (VOA) funding applications, committee and board approvals. Oversee and supervise collaboration with different housing departments.
• Oversee / supervise project development teams.
• Oversee community engagement and support for public funding which includes organizing and attending public meetings.
• Solicit, analyze, select and negotiate project debt and equity with lenders and investors, working closely with Housing Finance. Direct and oversee research and application for funding sources.
• Prepare, lead and supervise team members in the preparation of documentation required for the submission of application packages for financing and approval.
• Engage / supervise the engagement of 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.
• Supervise / coordinate with the VOANS Construction Manager, architectural and engineering teams to oversee the development and completion of schematic, design and construction documents.
• Negotiate key…