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Jubilee Housing · 3 days ago

VP of Real Estate Development

Washington, DC

Full-time

Hybrid

Director/Executive

$120K/yr - $130K/yr

10+ years exp

Jubilee Housing is committed to building diverse, compassionate communities and providing affordable housing solutions. The Vice President of Real Estate Development will oversee the entire real estate development process, managing a team and ensuring successful project development from inception to operation, including financing, acquisition, and rehabilitation of affordable housing projects.

CharityCommunications InfrastructureCommunitiesConstructionFamilyNon ProfitReal Estate

Responsibilities

Oversees the life cycle of the real estate pipeline

Manages production of applications and documentation necessary for debt and equity financing, property purchase and sale, and government subsidy renewal

Prepares and analyzes pro-forma financial spreadsheets, income statements, project development and operating budgets and other relevant financial analyses of low-income housing and other real estate developments

Coordinates underwriting and due diligence with lenders and investors

Works with counsel to negotiate all real estate transaction related documents, including purchase and sale documents, loan documents, equity investment agreements, and operating agreements of all types

Responsible for the management of day-to-day project activities to meet project schedule, quality, and budget objectives

Initiates and administers bid process for selection of Architects, General Contractors and other project professionals

Monitors project safety and enforces company standards

Coordinates delivery of cost certifications, production of 8609’s, and other close out items

Efficient working knowledge of MS Office and real estate data subscription services, strong underwriting skills and knowledge of affordable housing financial pro-forma modeling systems

Ability to obtain market and demographic information and analyze that information

Ability to read, analyze, and interpret reports, technical procedures, real estate financing documents and contracts, and governmental regulations

Strong attention to detail

Ability to effectively manage and oversee work of others and hold them accountable, enforcing performance improvement plans when necessary

Ability to work independently and cooperatively; demonstrate professionalism, diplomacy and flexibility in a variety of situations

Ability to communicate effectively verbally and in writing

Ability to organize multiple complex tasks and schedules

Qualification

Affordable housing developmentFinancial pro-forma modelingReal estate financingProject managementBudgetingStakeholder managementLeadership skillsNegotiation skillsTeam buildingCommunication skillsAttention to detailDecision makingOrganizational skills

Required

Bachelor's degree in finance, accounting, real estate, urban planning, or related field

Minimum 10+ years of experience specifically in affordable housing development including LIHTC, HUD, Fannie, Freddie, DCHFA, DHCD, other District agencies, and rental subsidy programs

Proven track record of acquisition, financing, and closing multiple LIHTC and rent subsidized deals

Familiarity with the general principles of real estate, including operations and analysis, underwriting, budgeting, financial reporting, general accounting and lending practices

Must have multiple relationships with lenders, syndicators, investors, government housing agencies, development departments and key executives/stakeholders within the District and or DC Metro area

Strong stakeholder service skills

Exceptional dedication to dependability and punctuality

Strong work ethic

Ability to engage a team toward a common mission