Senior Development Director, Affordable Housing
Location: Remote (based in Texas)
Employment Type: Full-time
Requisition ID: SENIO007893
About the Employer
Volunteers of America National Services (VOANS) is a mission-driven organization committed to creating affordable housing and supporting communities. The organization is proudly Great Place to Work® Certified for 8 consecutive years.
Role Summary
The Senior Development Director is responsible for leading a deal team on executing all functions of affordable housing development with a focus on financial analysis, due diligence, policy research, site selection, entitlements, and overall management of the development team/process from inception through permanent loan conversion, 8609s, and handoff to asset management. Familiarity with Texas affordable housing marketing is a plus.
What You'll Do
- Work with the VP of Real Estate Development and VOA Affiliates to determine strategic direction in geographic target areas and align VOANS housing development with affiliate goals
- Develop and maintain strategic relationships with elected officials, brokers, developers, property owners, city staff, and other key stakeholders
- Research affordable housing policy and local funding sources for opportunities
- Track market trends, comparable properties, competitive landscape, and local affordable housing dynamics
- Source land opportunities, recommend sites for development, and negotiate Letters of Intent and Purchase & Sale Agreements
- Lead internal teams and outside consultants (architects, engineers, environmental specialists, market analysts) to complete due diligence, design, and permitting
- Perform financial analysis using Microsoft Excel
- Lead rezoning efforts to obtain entitlements where necessary
- Lead and complete financial applications for various funding sources including tax credits, tax exempt bonds, project-based vouchers, CDBG funds, tax exemptions, and local soft funds
- Engage and direct legal counsel in formation of new entities, closing documents, board resolutions, and other legal documents
- Manage equity and debt relationships and interface with external partners
- Prepare DRC/RELC/VOANS board applications and present them to committees for internal project approvals
- Lead application and closing processes including equity, debt, soft funds, and due diligence closing checklists through closing
- Complete development close-out requirements through permanent loan conversion and 8609s
- Lead responses to RFPs and RFQs
- Identify partnership opportunities with other developers and housing authorities when strategically beneficial
- Manage construction in conjunction with the Construction Manager and Owner's Representative
- Oversee construction loan, equity, and soft funding partner draws with the accounting team
- Facilitate transition from development to operations for interdepartmental teams including property management, accounting, asset management, and local affiliate staff
- Organize and execute groundbreaking and grand opening events
- Work with accounting, asset management, and compliance to ensure funding compliance requirements are completed on time
Required Qualifications
- Bachelor's degree
- At least 8 years of related experience and/or training in affordable housing real estate development and housing finance, or equivalent combination of education and experience
- Excellent project management skills and experience
- Ability to work independently and keep flexible hours
- Ability to travel up to 15% of the time
Preferred Qualifications
- Graduate degree
- Experience leading project teams and closing at least one LIHTC transaction
- Familiarity with Texas affordable housing market
Compensation
$140,000–$150,000
Benefits
Medical, Dental & Vision Insurance, 403(b) Retirement Plan with discretionary contribution, Paid Time Off (Vacation, Holiday & Sick Days), Life Insurance & Short-Term Disability, Employee Assistance Program, Wellness incentives (earn up to $350), Early pay access (up to 50% of earnings), Referral bonuses & Career scholarships
Additional Information
Schedule: Monday-Friday, 8:00 AM–5:00 PM
Equal Opportunity Statement
VOANS provides equal employment opportunities to all without regard to race, color, religion, sex, pregnancy, national origin, age, physical and mental disability, marital status, parental status, sexual orientation, gender identity, gender expression, genetic information, military and veteran status, and any other characteristic protected by applicable law.
