Venterra Realty · 20 hours ago
Vice President of Development, Affordable Housing
Houston, TX
Full-time
Onsite
Director/Executive
15+ years expVenterra Realty is a growing developer, owner, and operator of multifamily apartments, seeking a Vice President of Development for their Affordable Housing sector. The role involves leading the development of affordable housing projects and shaping the company's strategy in this new market, focusing initially on Texas locations.
CommunitiesProperty ManagementReal EstateReal Estate InvestmentResidential
Responsibilities
Lead the charge of expanding Venterra’s existing development platform into the Affordable Housing development space
Work with senior leaders and company founders to shape an existing strategy to enter the Affordable Housing development space
Continue to guide and alter Venterra’s Affordable Housing strategy in response to changing market conditions
Establish Venterra’s brand within the Affordable Housing Development sector
Work with brokers, tax syndicators, community housing groups, local politicians and HUD to ensure a successful entrance to the market and position Venterra for long term success
Identify and evaluate sites, I C level presentations, securing the capital stack, and overseeing the development of the projects through to successful completion
Cultivate an environment of excellence and innovation in making Venterra a leader in the affordable housing space
Develop a differentiated strategy for Venterra to enter the Affordable Housing Development sector
External networking within the Affordable Housing Development Community to establish Venterra’s brand and position Venterra for long-term success
Become familiar with Venterra ethos by meeting with key people, visiting properties and understanding Venterra’s investment approach
Establish relationships with key internal peers, including the leaders of Property Operations, Asset Management, Finance, Investor Relations, Research, Acquisitions, Market Rate Development and Engineering/ Construction
Participate in senior level cross functional meetings, including the annual corporate strategy planning process and regular Development and Construction Group meetings
Adapt Venterra’s existing market rate development underwriting model to facilitate affordable housing opportunities
Identify, recommend, and hire the necessary supporting resources to accelerate our efforts
Actively search for prospective development sites and present opportunities to the Investment Committee
Qualification
Required
15+ years of broad Development leadership experience, a majority of which has been gained in the Affordable Housing Multi-Family Real Estate industry. Past responsibility for the full cycle development of affordable development projects
Strategy development including market selection, in-market selection, product specific strategy and affordable development model focus
Significant experience in all aspects of developing affordable housing projects in Texas. This includes site identification, underwriting, tax credit application process, navigating the government/PPP approval process, tax credit syndication, IC committee presentation and construction oversight
Extensive network within the Texas Affordable Housing development community, including tax syndicators, lawyers, Housing groups, HUD and local politicians
Proven leadership experience managing teams (5+ people)
Experience overseeing the financial performance of development projects during lease-up and in the early years of stabilization
Undergraduate Degree required, Masters in Business Administration, or Real Estate Development desirable
Inherently a leader - values accomplishing results through and with people. Employs the principles of servant leadership. Personifies high standards of excellence and encourages others to embrace and achieve stretch objectives. People strive to achieve under their leadership and take pride in their accomplishments
Passionate about a career in Affordable Housing development. Thrives on making a difference and positively impacting the lives of residents and broader communities
Tech savvy. Recognizes where and how technology can enhance results
Sees work through the lens that continuous improvement and change is always possible. Is a source of new ideas. Seeks out opportunities and embraces change to improve results
Highly team oriented and not proprietary in their orientation. Works collaboratively across the organization to achieve partnerships not personal 'stardom'
A lifelong learner. Intellectually curious and capable of seeking out, absorbing and interpreting information on a wide variety of topics, both within and outside the work context
Is personally impatient for progress and results
Self-confident; possesses the courage of his/her convictions but can candidly acknowledge personal mistakes. Is not arrogant. Has ego well in check. Is humble about his/her personal role in successes
Honest and open communicator. Has excellent interpersonal skills and relates well to a wide range of people
Hard working, 'get it done' attitude; values a 'roll up the sleeves' approach. Able to work longer hours when volume and deadlines dictate
Company
Venterra Realty
Venterra Realty assists owners to manage multiple real estate properties with services in accounting, finance, and administration.
501-1000 employees
Funding
Current Stage
Late StageLeadership Team
John Foresi
Chief Executive Officer
Andrew Stewart
Chairman and Co-Founder
Recent News
Company data provided by crunchbase