Senior Development Director

Senior Development Director, Affordable Housing. This is more than a job! It's an opportunity to lead a deal team on executing all functions of development of affordable housing with a focus on financial analysis, due diligence, policy research, site selection, entitlements, and overall management of the development team/process from inception through permanent loan conversion, 8609's and hand off to asset management. Location: HybridSchedule: M-F 9:00 AM-5:00 PM - occasional weekends Salary Range: $162,000- $172,000 based on experience What You Bring (Requirements): • Bachelor's degree required with graduate degree preferred. • At least eight (8) years' related experience and/or training; or equivalent combination of education and experience in affordable housing real estate development and housing finance. • Experience having led project teams and closed at least two (2) LIHTC transactions preferred. • Excellent project management skills and experience. What You'll Be Responsible For: Strategy Development • Work with the Regional VP, Real Estate Development - MidAtlantic and others to determine the strategic direction in geographic target areas and specific opportunities within those areas. • Work with VOA Affiliates in the geographic areas to determine their strategic areas of focus and how VOANS housing development can assist them in meeting their goals. Pre-Development & Closing Phase • Develop and maintain strategic relationships with elected officials, brokers, other developers, property owners, city staff, and other key stakeholders. • Research affordable housing policy and local funding sources for opportunities. • Track market trends, comparable properties, competitive landscape, and other local affordable housing dynamics. • Source land opportunities, recommend sites for development, and negotiate Letters of Intent/Purchase & Sale Agreements with brokers/owners. • Lead the internal team and outside consultants including architect, engineer, environment, market analysts and other consultants to complete due diligence, design, and permitting. • Perform financial analysis using Microsoft Excel. • Lead rezoning efforts to obtain entitlements where necessary. • Lead and complete financial applications for various funding sources including tax credits, tax exempt bonds, project-based vouchers, CDBG funds, PILOTs/tax exemptions, local soft funds, and other sources. • Lead responses to RFPs and RFQs. Construction & Development Close Out Phase • Manage construction, in conjunction with the Construction Manager/In-House Architect/Owner's Representative, in directing the architect and contractor during the construction and warranty period. • Oversee construction loan, equity, and soft funding partner draws in conjunction with the accounting team. • Provide direction and guidance and facilitate the transition from development to operations for the interdepartmental team including property management, accounting, asset management and local affiliate staff, among others.