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Vice President of Construction

Stone Beam Development • Full-time • Chicago, IL • 2w ago

Locations: Chicago, IL

Hybrid

About the Employer

Stone Beam Development specializes in preserving senior Section 8 communities using 4% LIHTC financing.

The company focuses on multifamily rehabilitation projects, primarily occupied rehabs that require disciplined execution, careful phasing, and respect for residents who remain in their homes during construction.

Role Summary

Stone Beam Development is seeking a Vice President of Construction to lead the delivery of a growing portfolio of multifamily rehabilitation projects.

This role serves as the senior construction authority within the organization and will play a central leadership role in shaping how the company plans and delivers its rehabilitation projects.

What You’ll Do

Provide executive oversight of all construction activity from pre-construction through closeout
Guide scope development, budgeting, contingency strategy, and phasing plans for occupied rehabs
Establish schedule expectations and performance benchmarks across projects
Identify construction risks early and implement mitigation strategies
Ensure construction execution aligns with financial objectives and resident experience standards
Collaborate with Property Managers to develop and implement successful tenant-in-place rehabilitation plans
Lead general contractor interviews, selection, and contract negotiations
Establish performance expectations related to cost control, schedule adherence, safety, and quality
Review and approve change orders and pay applications
Serve as the primary contact point for construction-related issues
Attend OACs and draw meetings and visit each active job site quarterly as needed
Lead and manage the Owner’s Representative consultant, including executives and project managers
Define reporting cadence, documentation standards, and accountability structures
Build repeatable workflows and tools that support multi-project oversight
Strengthen construction systems as the portfolio scales
Oversee monthly draw funding coordinated with Title, the General Contractor, and funding partners
Partner with Asset Management to achieve completion and loan conversion benchmarks
Own the preparation, accuracy, and timely delivery of construction-specific checklist items required by lenders and equity partners
Manage construction documentation required for completion and loan conversion approvals
Coordinate submission packages and responses to lender and investor review comments
Serve as the primary construction contact for lender monitoring consultants and equity risk managers
Provide organized, accurate reporting related to schedule, budget, and construction progress
Maintain credibility with external capital partners through clarity and responsiveness
Support audits, inspections, and third-party reviews as required
Oversee punchlist completion, substantial completion, and final closeout
Ensure contractor delivery of warranties, certifications, and required documentation
Strengthen documentation discipline to support cost certification and long-term asset performance

Required Qualifications

Leadership and accountability with the ability to lead contractors and Owner’s Representatives with clarity and firmness
Deep experience in multifamily rehabilitation, preferably occupied projects with Low Income Housing Tax Credit funding sources
Prior experience working at a General Contractor
Comfort interfacing with lenders, equity partners, and third-party monitors
Strong experience managing closeout, certification, and compliance-related deliverables
Ability to balance cost, schedule, quality, and resident impact
Experience building processes and tools that support consistent execution

Required Criteria

Deliver projects within approved budgets and contingency targets
Maintain predictable schedule performance across multiple rehabilitation projects
Reduce unanticipated change orders through disciplined scope management
Achieve timely completion and loan conversion milestones without documentation delays
Ensure construction deliverables fully satisfy lender and investor requirements
Minimize capital partner concerns through proactive communication
Design and implement construction reporting systems that scale efficiently
Improve visibility into contingency burn, schedule performance, and risk exposure
Establish repeatable general contractor selection and oversight processes
Build a strong and accountable construction oversight platform
Provide clarity and confidence to Development, Asset Management, and Finance teams
Strengthen the company’s reputation for disciplined execution and predictable delivery

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