HHAD is seeking a Vice President of Development to lead their Development platform. The Vice President of Development provides strategic leadership and oversight of HHAD's affordable housing development portfolio, including new construction, acquisition and rehabilitation, preservation, and USDA Rural Development transactions.
This executive leadership position is responsible for driving successful project execution, leading and developing a high-performing Development team, and ensuring transactions advance efficiently from initial feasibility through financial closing and transition to Construction and Post-Close Asset Management.
The Vice President is accountable for departmental performance, project schedules, financial objectives, risk management, and timely communication of material issues. Success requires strong leadership, sound judgment, proactive problem-solving, and effective collaboration across the organization.
This is primarily an execution-focused position; new business origination and sourcing of debt and equity are not assigned responsibilities.
Primary Responsibilities and Duties:Development Leadership & Portfolio Execution- Lead and oversee the Development department, ensuring transactions advance in accordance with approved budgets, schedules, financing strategies, and organizational objectives.
- Establish and manage portfolio-wide priorities, closing forecasts, project milestones, resource allocations, and performance expectations.
- Provide executive oversight of development budgets, funding gaps, developer fee forecasts and realization, and transaction economics in coordination with Finance.
- Proactively identify project delays, financial exposure, regulatory concerns, and other material risks; implement corrective action plans and promptly escalate matters requiring executive decisions.
- Exercise sound judgment in evaluating material changes to project scope, strategy, budgets, schedules, and transaction terms within established approval authority.
Team Leadership & Accountability- Lead, mentor, and hold accountable Directors of Development, Development Managers, and other assigned professionals, directly or through subordinate managers.
- Establish clear performance expectations, individual accountability, and measurable departmental goals and KPIs.
- Evaluate staffing needs, workload distribution, employee development, and succession planning to support efficient portfolio execution.
- Promote consistent development processes, quality controls, reporting practices, and continuous improvement throughout the department.
Financial, Transaction & Closing Oversight- Partner with Finance, Legal, Construction, and other stakeholders to advance underwriting, financing, due diligence, entitlements, applications, and closing requirements.
- Oversee the quality, accuracy, and timely submission of LIHTC, tax-exempt bond, USDA RD, HUD, and other applicable funding applications and approvals.
- Provide senior-level oversight of material transaction negotiations and agreements, including purchase, partnership, financing, development, and regulatory documents.
- Ensure project teams resolve outstanding issues, satisfy closing conditions, and achieve targeted closing dates while protecting approved transaction economics.
Design, Risk Management & Project Transition- Oversee development-phase design, permitting, entitlements, environmental matters, and preconstruction coordination in partnership with Construction and external consultants.
- Ensure timely identification, mitigation, and escalation of financial, regulatory, design, schedule, and stakeholder risks.
- Direct an organized and documented transition of closed transactions to Construction and Post-Close Asset Management, including budgets, contractual commitments, compliance requirements, outstanding obligations, and identified risks.
- Provide appropriate development-related support following closing while maintaining clear accountability between departments.
Stakeholder Relationships & Executive Communication- Maintain productive relationships with existing development partners, property owners, housing authorities, government agencies, lenders, investors, legal counsel, and consultants.
- Represent HHAD in significant negotiations, approvals, and stakeholder discussions involving active development transactions.
- Provide Executive Leadership with accurate, timely, and transparent reporting on project performance, anticipated closings, developer fees, financial exposure, staffing, and material risks.
- Ensure timely, accurate, and transparent communication with development partners and other external stakeholders regarding material project developments, risks, and commitments.
- Monitor relevant changes in affordable housing programs and regulations, including LIHTC and USDA RD, and ensure appropriate adjustments to departmental execution.
Performance & Success Measures:- Performance will be evaluated against established annual goals and KPIs, with emphasis on:
- Closing Execution: Achievement of approved closing schedules and transaction milestones.
- Financial Performance: Development budget discipline, developer fee realization, and accuracy of financial forecasts.
- Risk Management: Early identification, timely escalation, and effective resolution of material issues.
- Leadership & Accountability: Departmental productivity, staff performance, professional development, and team effectiveness.
- Quality of Execution: Accuracy and timeliness of applications, transaction deliverables, stakeholder communication, and post-closing transitions.
Experience, Skills, and Abilities Required:- Bachelor's degree in real estate, finance, business, construction, urban planning, or related field; advanced degree preferred.
- Minimum 10 years of progressive affordable housing development experience, including senior leadership and oversight of multiple complex transactions.
- Demonstrated expertise in 4% and 9% LIHTC, tax-exempt bonds, public financing, development underwriting, entitlements, and regulatory requirements.
- Experience with acquisition/rehabilitation and preservation transactions; USDA Section 515 and 538 experience preferred.
- Proven ability to lead development teams, manage competing priorities, negotiate complex transactions, and consistently deliver results.
- Strong financial acumen, executive communication, analytical judgment, organizational discipline, and collaborative leadership skills.
- Proficiency with Microsoft Office and applicable project management and reporting systems.
- The successful candidate will demonstrate entrepreneurial thinking, integrity, caring, excellence, personal accountability, sound judgment, and a commitment to transparency and collaboration.
- HHAD expects its leaders to anticipate challenges, take ownership of outcomes, communicate candidly, and consistently uphold the organization's standards of professionalism and performance.
This description outlines principal responsibilities and may be modified as organizational needs evolve.
A satisfactory background check will be required as part of the selection process.
