Confidential ยท 3 weeks ago
Vice President of Development (LIHTC Underwriting)
Yonkers, NY
Part-time
Onsite
Director/Executive
$150K/yr - $200K/yr
10+ years expConfidential company is seeking a Vice President of Development to oversee all aspects of real estate and construction project development. The role involves leading land acquisition strategies, managing design and entitlement, and ensuring projects are delivered on time, on budget, and at the highest quality standards.
Marketing & Advertising
Responsibilities
Provide direct supervision and leadership to the development team, including Directors, Project Managers, Underwriters, and Analysts
Establish clear performance expectations, development standards, and accountability metrics
Oversee staffing plans, workload distribution, and project assignments to ensure efficiency and consistency
Mentor staff and support professional development, succession planning, and talent retention
Lead regular development meetings to track progress, resolve issues, and maintain alignment with organizational priorities
Oversee the development pipeline, ensuring projects align with organizational goals, financial capacity, and risk tolerance
Lead site selection, acquisition analysis, and go/no-go decision-making
Collaborate with executive leadership on long-range development strategy, geographic expansion, and product type diversification
Monitor market trends, funding availability, and policy changes impacting affordable housing
Oversee and review all LIHTC underwriting, including sources and uses, operating pro formas, and feasibility analyses
Ensure underwriting assumptions reflect realistic construction costs, operating expenses, and lease-up risks
Lead structuring of complex financing stacks, including LIHTC equity, soft debt, HOME, CDBG, bonds, and other public or private funding
Review and approve financial models prior to submission to investors, lenders, and allocating agencies
Provide executive oversight of projects from acquisition through construction, lease-up, and stabilization
Identify and mitigate development, financial, construction, and compliance risks
Ensure projects are delivered on schedule and within budget, and deviations are addressed proactively
Coordinate closely with construction, asset management, and property management teams to ensure smooth project transitions
Manage stakeholder and external relations for each project
Serve as a primary point of contact with investors, syndicators, lenders, housing finance agencies, and local governments
Lead or support negotiations related to financing terms, partnership agreements, and regulatory approvals
Represent the organization at public meetings, community forums, and industry events
Ensure adherence to LIHTC program requirements, regulatory agreements, and funding conditions
Work closely with compliance and asset management teams to ensure underwriting assumptions are carried through operations
Qualification
Required
Bachelor's degree in Real Estate Development, Construction Management, Urban Planning, or related field
10+ years of experience in affordable housing development and LIHTC underwriting responsibility, and 5 years in a senior leadership role
Demonstrated experience leading and managing development teams
Advanced knowledge of LIHTC regulations, tax credit equity pricing, and affordable housing finance structures
Strong financial modeling, analytical, and risk-assessment skills
Strong commitment to affordable housing and community development
Excellent leadership, communication, and decision-making abilities
Ability to inspire, mentor, and hold teams accountable
Ability to analyze large datasets and draw meaningful conclusions using statistical methods and modeling techniques
Quickly identify solutions to unexpected development challenges
Capable of conducting thorough market analysis to assess feasibility and identify risks
Demonstrates a genuine commitment to affordable housing and community impact
Clearly communicates expectations, timelines, and decisions to the development team
Innovative thinking to tackle challenges in project planning and execution
Strong analytical and critical thinking skills to address challenges in data integrity, integration, and process improvement
Works independently and can manage multiple projects simultaneously
Good teamwork and collaboration skills
Excellent communication skills for presenting complex data to stakeholders
Preferred
Master's degree preferred
Company
Confidential
This page is owned and operated by JAF HOLDINGS INC. All rights reserved 2025. jafholdingsinc.com
Silicon Valley, California US, US
51-200 employeesFunding
Current Stage
Growth StageLeadership Team
Roshan Syed
Global Talent Partner
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