Come join the VOA team as a Senior Development Director, Affordable Housing!

This position will serve the Volunteers of America (VOA) property portfolio in beautiful 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

Senior Director, Affordable Housing Benefit Highlights:

• 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.)

About the Job:

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.
• 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.
• Develop and maintain strategic relationships with elected officials, brokers, other developers, property owners, city staff, and other key stakeholders.
• Look for partnership opportunities with other developers/housing authorities when strategically beneficial and respond to RFPs and RFQs.
• 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.
• Track market trends, comparable properties, competitive landscape, and other affordable local housing dynamics.
• Lead the internal team and outside consultants including architect, engineer, environment, market analyst, and other consultants to complete due diligence, design, and permitting.
• Perform financial analysis using Microsoft Excel.
• Lead efforts to obtain entitlements and zoning where necessary.
• 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.
• Engage and direct legal counsel (internal and external) in the formation of new entities, closing documents, board resolutions, and other documents.
• Manage equity and debt relationships with external partners.
• Prepare DRC/RELC/VOANS Board committee applications and present them to internal committees for review and approval.
• Lead application and closing processes including equity, debt, soft funds, and due diligence closing checklists through closing.
• Lead and provide guidance to the development team members for all closing requirements.

Construction & Close Out

• Supervise the general contractor, in conjunction with the construction manager or owner’s representative, through construction completion and the 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 with housing management, accounting, asset management, and local affiliate staff, among others.
• Organize and execute groundbreaking and grand opening ceremonies.
• Work with accounting, asset management, and compliance to ensure that all funding compliance requirements are completed on time.
• Complete permanent loan conversion and 8609 submissions.

Required Qualifications:

• Bachelor’s degree required with a graduate degree preferred.
• Excellent project management, organizational, and relationship skills.
• At least 8 years’ related experience/education or equivalent combination of education and experience in affordable housing finance and real estate development.
• Experience of having led project teams and closed at least two LIHTC transactions preferred.
• Excellent verbal, written, presentation and public speaking skills.
• Ability to work independently, keep flexible hours and to travel 15% of the time.

At VOANS, we celebrate sharing, encouraging, and embracing diversity. Equal employment opportunities are available to all without regard to race, color, religion, sex, pregnancy, national origin, age, physical and mental disability, marital status, parental status, sexual orientation, gender identity, gender expression, genetic information, military and veteran status, and any other characteristic protected by applicable law. We believe that blending individual strengths and unique personal differences nurtures and supports our organizations shared commitment to our mission and creates an inclusive and diverse environment where everyone feels valued and has the opportunity to do their personal best.  See www.voa.org and www.voans.org for more information.

Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.