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.

Volunteers of America National Services jobs

Senior Development Director, Affordable Housing