Confidential
Vice President of Development (LIHTC Underwriting)
Confidential, Yonkers, New York, United States
Vice President of Development (LIHTC Underwriting)
4 days ago Be among the first 25 applicants
This range is provided by Confidential. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.
Base pay range $150,000.00/yr - $200,000.00/yr
Job Summary: As the Vice President of Development, you will oversee all aspects of real estate and construction project development – from concept through completion. You will lead land acquisition strategies, manage design and entitlement, oversee construction execution, and ensure projects are delivered on time, on budget, and at the highest quality standards.
Key Responsibilities:
Provide direct supervision and leadership to the development team, including Directors, Project Managers, Underwriters, and Analysts.
Establish clear performance expectations, development standards, and accountability metrics.
Oversee staffing plans, workload distribution, and project assignments to ensure efficiency and consistency.
Mentor staff and support professional development, succession planning, and talent retention.
Lead regular development meetings to track progress, resolve issues, and maintain alignment with organizational priorities.
Pipeline & Strategic Planning
Oversee the development pipeline, ensuring projects align with organizational goals, financial capacity, and risk tolerance.
Lead site selection, acquisition analysis, and go/no-go decision-making.
Collaborate with executive leadership on long-range development strategy, geographic expansion, and product type diversification.
Monitor market trends, funding availability, and policy changes impacting affordable housing.
LIHTC Underwriting & Financial Structuring
Oversee and review all LIHTC underwriting, including sources and uses, operating pro formas, and feasibility analyses.
Ensure underwriting assumptions reflect realistic construction costs, operating expenses, and lease-up risks.
Lead structuring of complex financing stacks, including LIHTC equity, soft debt, HOME, CDBG, bonds, and other public or private funding.
Review and approve financial models prior to submission to investors, lenders, and allocating agencies.
Provide executive oversight of projects from acquisition through construction, lease-up, and stabilization.
Identify and mitigate development, financial, construction, and compliance risks.
Ensure projects are delivered on schedule and within budget, and deviations are addressed proactively.
Coordinate closely with construction, asset management, and property management teams to ensure smooth project transitions.
Manage stakeholder and external relations for each project.
Serve as a primary point of contact with investors, syndicators, lenders, housing finance agencies, and local governments.
Lead or support negotiations related to financing terms, partnership agreements, and regulatory approvals.
Represent the organization at public meetings, community forums, and industry events.
Compliance & Organizational Integration
Ensure adherence to LIHTC program requirements, regulatory agreements, and funding conditions.
Work closely with compliance and asset management teams to ensure underwriting assumptions are carried through operations.
Qualifications:
Bachelor’s degree in Real Estate Development, Construction Management, Urban Planning, or related field; Master’s degree preferred.
10+ years of experience in affordable housing development and LIHTC underwriting responsibility, and 5 years in a senior leadership role.
Demonstrated experience leading and managing development teams.
Advanced knowledge of LIHTC regulations, tax credit equity pricing, and affordable housing finance structures.
Strong financial modeling, analytical, and risk-assessment skills.
Strong commitment to affordable housing and community development.
Excellent leadership, communication, and decision-making abilities.
Ability to inspire, mentor, and hold teams accountable.
Ability to analyze large datasets and draw meaningful conclusions using statistical methods and modeling techniques.
Quickly identify solutions to unexpected development challenges.
Capable of conducting thorough market analysis to assess feasibility and identify risks.
Demonstrates a genuine commitment to affordable housing and community impact.
Clearly communicates expectations, timelines, and decisions to the development team.
Innovative thinking to tackle challenges in project planning and execution.
Strong analytical and critical thinking skills to address challenges in data integrity, integration, and process improvement.
Works independently and can manage multiple projects simultaneously.
Good teamwork and collaboration skills.
Excellent communication skills for presenting complex data to stakeholders.
Working Conditions: You will be based in the corporate headquarters in Yonkers, New York with travel to various project worksites.
#J-18808-Ljbffr
This range is provided by Confidential. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.
Base pay range $150,000.00/yr - $200,000.00/yr
Job Summary: As the Vice President of Development, you will oversee all aspects of real estate and construction project development – from concept through completion. You will lead land acquisition strategies, manage design and entitlement, oversee construction execution, and ensure projects are delivered on time, on budget, and at the highest quality standards.
Key Responsibilities:
Provide direct supervision and leadership to the development team, including Directors, Project Managers, Underwriters, and Analysts.
Establish clear performance expectations, development standards, and accountability metrics.
Oversee staffing plans, workload distribution, and project assignments to ensure efficiency and consistency.
Mentor staff and support professional development, succession planning, and talent retention.
Lead regular development meetings to track progress, resolve issues, and maintain alignment with organizational priorities.
Pipeline & Strategic Planning
Oversee the development pipeline, ensuring projects align with organizational goals, financial capacity, and risk tolerance.
Lead site selection, acquisition analysis, and go/no-go decision-making.
Collaborate with executive leadership on long-range development strategy, geographic expansion, and product type diversification.
Monitor market trends, funding availability, and policy changes impacting affordable housing.
LIHTC Underwriting & Financial Structuring
Oversee and review all LIHTC underwriting, including sources and uses, operating pro formas, and feasibility analyses.
Ensure underwriting assumptions reflect realistic construction costs, operating expenses, and lease-up risks.
Lead structuring of complex financing stacks, including LIHTC equity, soft debt, HOME, CDBG, bonds, and other public or private funding.
Review and approve financial models prior to submission to investors, lenders, and allocating agencies.
Provide executive oversight of projects from acquisition through construction, lease-up, and stabilization.
Identify and mitigate development, financial, construction, and compliance risks.
Ensure projects are delivered on schedule and within budget, and deviations are addressed proactively.
Coordinate closely with construction, asset management, and property management teams to ensure smooth project transitions.
Manage stakeholder and external relations for each project.
Serve as a primary point of contact with investors, syndicators, lenders, housing finance agencies, and local governments.
Lead or support negotiations related to financing terms, partnership agreements, and regulatory approvals.
Represent the organization at public meetings, community forums, and industry events.
Compliance & Organizational Integration
Ensure adherence to LIHTC program requirements, regulatory agreements, and funding conditions.
Work closely with compliance and asset management teams to ensure underwriting assumptions are carried through operations.
Qualifications:
Bachelor’s degree in Real Estate Development, Construction Management, Urban Planning, or related field; Master’s degree preferred.
10+ years of experience in affordable housing development and LIHTC underwriting responsibility, and 5 years in a senior leadership role.
Demonstrated experience leading and managing development teams.
Advanced knowledge of LIHTC regulations, tax credit equity pricing, and affordable housing finance structures.
Strong financial modeling, analytical, and risk-assessment skills.
Strong commitment to affordable housing and community development.
Excellent leadership, communication, and decision-making abilities.
Ability to inspire, mentor, and hold teams accountable.
Ability to analyze large datasets and draw meaningful conclusions using statistical methods and modeling techniques.
Quickly identify solutions to unexpected development challenges.
Capable of conducting thorough market analysis to assess feasibility and identify risks.
Demonstrates a genuine commitment to affordable housing and community impact.
Clearly communicates expectations, timelines, and decisions to the development team.
Innovative thinking to tackle challenges in project planning and execution.
Strong analytical and critical thinking skills to address challenges in data integrity, integration, and process improvement.
Works independently and can manage multiple projects simultaneously.
Good teamwork and collaboration skills.
Excellent communication skills for presenting complex data to stakeholders.
Working Conditions: You will be based in the corporate headquarters in Yonkers, New York with travel to various project worksites.
#J-18808-Ljbffr