Volunteers of America-Greater New York · 5 days ago
Development Director, Real Estate
New York, NY
Full-time
Hybrid
Lead/Staff, Director/Executive
5+ years expVolunteers of America-Greater New York is an anti-poverty organization working to end homelessness in the New York area by 2050. The Development Director will lead all aspects of the real estate development process for affordable and supportive housing projects, from conception and acquisition through financing, design, construction, and conversion to stabilized operations.
Home ServicesNon ProfitSocial
Responsibilities
Lead and manage the full real estate development lifecycle for assigned projects, including site acquisition/control, due diligence, pre-development planning, design, financing, construction oversight, lease-up, and conversion – in close collaboration with subject-matter experts within RED, VOA-GNY, and consulting professionals
Develop and maintain complex development budgets, including sources and uses and pro forma operations
Maintain strong knowledge of local, state, and federal affordable housing funding programs, including tax-exempt bonds, Low Income Housing Tax Credits (LIHTC), capital grants, and rental and operating subsidies
Prepare and submit funding applications
Coordinate and manage financial closings (construction and permanent) with lenders, equity investors, and government agencies
Manage the design process, coordinating with architects, engineers, and consultants to ensure cost-effective, high-quality, sustainable, and program-compliant design
Oversee all regulatory, land use, and other governmental approval processes
Proactively identify, evaluate, and develop responses to new project opportunities, including site acquisitions, partnerships, and competitive solicitations
Initiate and maintain strong professional relationships with key public and private stakeholders across the local housing ecosystem, including City and State agencies, design and real estate professionals, financial institutions, and service providers
Conduct market research and policy analysis to inform development strategy and identify emerging trends and funding opportunities in the affordable and supportive housing space
Manage and develop assigned staff
Qualification
Required
Bachelor's degree with at least 5 years of direct, full-time professional experience developing and/or preserving affordable housing, specifically in New York City
Experience securing sustainable financing for affordable housing new construction and/or preservation projects, with a strong understanding of local, state, and federal affordable housing programs
Advanced proficiency in Microsoft Excel for financial modeling is required
A comprehensive understanding of local and federal housing and development regulations
Excellent written and oral communication skills with demonstrated experience conveying complex concepts in a clear, persuasive, and succinct manner
Exceptional project management skills with the ability to manage multiple complex projects simultaneously under tight deadlines are required
Preferred
A Master's degree in urban planning, public policy, real estate, business, or a related area of study is strongly preferred
Knowledge of supportive housing service funding (e.g., ESSHI, 15/15) is a significant plus
Familiarity with issues pertaining to homeless services, behavioral health and substance use disorders, and intimate partner violence is a plus
Benefits
Medical, Dental, & Vision Coverage
Prescription Coverage
Life Insurance
Retirement Plan
Tuition Reimbursement
Paid Time Off, including a Paid Birthday Holiday
Company
Volunteers of America-Greater New York
Volunteers of America-Greater New York is a non-profit organization that provides housing and social services in the Greater New York area.
1001-5000 employees
Funding
Current Stage
Late StageLeadership Team
Noelle Withers
Chief Program Officer / EVP
Paige O'Brien
Senior Manager, Corporate & Community Partnerships
Recent News
2024-12-26
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