Services for the UnderServed (SUS)
VP Affordable Housing
Services for the UnderServed (SUS), New York, New York, United States, 10001
VP Of Affordable Housing
Service for the Underserved, Inc. (S:US) is a dynamic and growing social service and housing agency with over 40 years of experience in providing housing and services to the most vulnerable in New York City. The Real Estate team at S:US is tasked with maintaining and expanding S:US' large and diverse Real Estate portfolio. Our team's goal is to fulfill S:US' commitment to reducing homelessness and providing a life of purpose by ensuring all of our residents have a safe, clean, affordable place to call home, and all our staff have the right work environment to carry out the mission. This is an exciting time for the Real Estate Team as S:US has a dynamic and growing pipeline of affordable and supportive housing, with 700 units in construction and another 1000 in predevelopment. S:US is among the two largest providers of supportive housing in New York State, and among the largest nationally. The VP of Affordable Housing is responsible for the expansion of SUS's housing portfolio as well as the preservation of SUS's existing housing stock. This role will supervise the Development Team and the Compliance Team. The VP will be responsible for spearheading SUS's growing pipeline through the successful acquisition, financing, construction and opening of all new permanent congregate housing at S:US. The VP will have the expertise and experience in affordable housing development to manage a team of real estate professionals and oversee projects from land acquisition, joint development negotiation, pre-development financing and design development, public approvals, ULURP, construction financing, construction management, building opening, leasing and converting to permanent financing. The work will focus on new construction of supportive and affordable housing both independently and with various development partners. The VP will also oversee the recapitalization and rehabilitation of S:US' existing portfolio as well as the development of housing for adults with developmental disabilities and of shelters for singles and families (both purpose-built and conversions). Through supervision of the Compliance Team, the VP will ensure that SUS's LIHTC portfolio is fully in compliance with government, investor and lender requirements. Essential Duties & Responsibilities: Growing S:US' Pipeline Supervision of project management activities Financing Construction Management Asset Management Compliance Internal Collaboration and Reporting Key Performance Standards: Commitment Communication Responsiveness Organized Teamwork Team Management Self-Motivated Qualifications: 10+ years in the specific field of developing affordable and/or supportive housing receiving low income housing tax credits (LIHTC) and various rental subsidies (Section 8, NY/NY III, ESSHI, NYC 15/15); Bachelor's degree; Familiarity and experience in property management, asset management or a related aspect within the NYC affordable rental housing market; Familiarity with NYC/NYS affordable and supportive housing financing and service program; Experience working with NYC/NYS public agencies; Understanding of low-income housing tax credits (9%) and 4% (bond financing); Ability to generate pro forma development and operating budgets utilizing Microsoft Excel; and Ability to work extended hours including nights and weekends when necessary. Preferred Qualifications: Master's degree in planning, finance, law or a related field is preferred; Familiarity with Yardi Voyager for financial analytics is preferred. Company Overview: Join a team of employees who cares about the wellbeing of others. We believe in fostering a culture built on our core values: respect, integrity, support, maximizing individual potential and continuous quality improvement. S:US is an affirmative action and equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, disability, age, sexual orientation, gender identity, national origin, veteran status, or genetic information. S:US is committed to providing access, equal opportunity and reasonable accommodation for individuals with disabilities in employment, its services, programs, and activities, including allowance of the use of service animals. To request reasonable accommodation or if you believe such a request was improperly handled or denied, contact the Director of Recruitment at 646-565-5894. ID: 2025-17254
Service for the Underserved, Inc. (S:US) is a dynamic and growing social service and housing agency with over 40 years of experience in providing housing and services to the most vulnerable in New York City. The Real Estate team at S:US is tasked with maintaining and expanding S:US' large and diverse Real Estate portfolio. Our team's goal is to fulfill S:US' commitment to reducing homelessness and providing a life of purpose by ensuring all of our residents have a safe, clean, affordable place to call home, and all our staff have the right work environment to carry out the mission. This is an exciting time for the Real Estate Team as S:US has a dynamic and growing pipeline of affordable and supportive housing, with 700 units in construction and another 1000 in predevelopment. S:US is among the two largest providers of supportive housing in New York State, and among the largest nationally. The VP of Affordable Housing is responsible for the expansion of SUS's housing portfolio as well as the preservation of SUS's existing housing stock. This role will supervise the Development Team and the Compliance Team. The VP will be responsible for spearheading SUS's growing pipeline through the successful acquisition, financing, construction and opening of all new permanent congregate housing at S:US. The VP will have the expertise and experience in affordable housing development to manage a team of real estate professionals and oversee projects from land acquisition, joint development negotiation, pre-development financing and design development, public approvals, ULURP, construction financing, construction management, building opening, leasing and converting to permanent financing. The work will focus on new construction of supportive and affordable housing both independently and with various development partners. The VP will also oversee the recapitalization and rehabilitation of S:US' existing portfolio as well as the development of housing for adults with developmental disabilities and of shelters for singles and families (both purpose-built and conversions). Through supervision of the Compliance Team, the VP will ensure that SUS's LIHTC portfolio is fully in compliance with government, investor and lender requirements. Essential Duties & Responsibilities: Growing S:US' Pipeline Supervision of project management activities Financing Construction Management Asset Management Compliance Internal Collaboration and Reporting Key Performance Standards: Commitment Communication Responsiveness Organized Teamwork Team Management Self-Motivated Qualifications: 10+ years in the specific field of developing affordable and/or supportive housing receiving low income housing tax credits (LIHTC) and various rental subsidies (Section 8, NY/NY III, ESSHI, NYC 15/15); Bachelor's degree; Familiarity and experience in property management, asset management or a related aspect within the NYC affordable rental housing market; Familiarity with NYC/NYS affordable and supportive housing financing and service program; Experience working with NYC/NYS public agencies; Understanding of low-income housing tax credits (9%) and 4% (bond financing); Ability to generate pro forma development and operating budgets utilizing Microsoft Excel; and Ability to work extended hours including nights and weekends when necessary. Preferred Qualifications: Master's degree in planning, finance, law or a related field is preferred; Familiarity with Yardi Voyager for financial analytics is preferred. Company Overview: Join a team of employees who cares about the wellbeing of others. We believe in fostering a culture built on our core values: respect, integrity, support, maximizing individual potential and continuous quality improvement. S:US is an affirmative action and equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, disability, age, sexual orientation, gender identity, national origin, veteran status, or genetic information. S:US is committed to providing access, equal opportunity and reasonable accommodation for individuals with disabilities in employment, its services, programs, and activities, including allowance of the use of service animals. To request reasonable accommodation or if you believe such a request was improperly handled or denied, contact the Director of Recruitment at 646-565-5894. ID: 2025-17254