Vice President of Real Estate and Development

Position Summary: The Vice President of Real Estate and Community Development will lead strategic initiatives for the development, redevelopment and implementation of real estate transactions that align with the mission of Richmond Redevelopment & Housing Authority (RRHA) to provide affordable, quality housing and promote sustainable community development. This position, under the general supervision of the SVP, is responsible for professional and managerial work as it relates to real estate and development/redevelopment projects and activities, including property acquisition and disposition, construction and/or rehabilitation efforts, etc. Key Responsibilities: Strategic Leadership: Collaborate with the SVP to develop and successfully implement the RRHAs strategic goals related to real estate and community development. Successfully manage the department's real estate development/redevelopment staff. Coaches, guides and develops employees to achieve desired results. Evaluates employee performance and provides continuous feedback. Provide leadership, along with the SVP, in identifying and pursuing new opportunities for housing development, including partnerships with public and private stakeholders. Real Estate Development: Oversee the planning, design, financing, and execution of real estate projects from inception to completion. Directs and manages mixed-income and mixed-use real estate development. Prepare accurate project development and construction budgets, and operating pro forma, as well as evaluate housing market studies, development proposals, environmental reports, real estate appraisals and financing proposals. Ensure compliance with local, state, and federal regulations, including zoning and funding requirements. Work closely with the City of Richmond, Virginia Housing, Virginia State Department of Housing & Community Development Department, and other partners and community stakeholders, as well as RRHA consultants in implementing, as applicable, CHOICE Neighborhood Planning and Implementation Grants, Rental Assistance Demonstration (RAD) projects, and other applicable funding programs for redevelopment, development, and revitalization activities. Manage designated RRHA-owned real estate and ensure proper asset management of such properties. In addition, identifies properties for acquisition for the purpose of development, redevelopment, or community revitalization, performs due diligence activities, and recommends acquisition of properties. Along with the Vice President of the HCV Program, develop and/or revise the RFP for developer proposals and implement an annual cycle awarding for Project-Based Vouchers as it relates to the enhancement of affordable housing options within the City of Richmond and as applicable to any real estate development projects sponsored by RRHA's RDC. Assist with the development of regional affordable housing projects sponsored by RRHA's RDC. Community Engagement: Develop and maintain relationships with funders, developers, community organizations, residents, applicable City, County and State staff, and other stakeholders to foster collaboration and ensure community needs are met. Working in concert with RRHA's Communication Department, organize public outreach initiatives and community meetings to gather input and feedback on real estate and other applicable housing projects. Represents the agency, as requested by the SVP, at Richmond City Council meetings, work sessions, public hearings and meetings with state, federal and local officials. Serves as a member of external and internal committees, commissions and task forces Financial Management: Prepare and manage the budget for real estate projects, ensuring financial viability and sustainability. Also assist the SVP with the preparation of the overall departmental budget. In collaboration with the SVP, identify and secure funding sources, including grants, loans, and partnerships, to support RRHA's affordable housing initiatives. Procurement/Contract Management Ensures that RFPs, RFQs, proposals and contracts are aligned with the agency's strategic plan and the City's master plan. . Ensure that all contracts related to real estate transactions are procured according to RRHA procurement requirements. Performs contract administration. Ensures management oversight of the work of vendors, consultants, development partners and contractors as it relates to real estate transactions and development/redevelopment activities. Work with the Real Estate Specialist to ensure that the required ledger and spreadsheets are properly maintained regarding contract amounts, payments made, and balances , etc. Policy Development: Advocate for policies and practices that promote affordable housing and community development at local, state, and federal levels. Monitor housing industry trends, best practices and changes, as well as new federal or state regulations that may impact RRHA's redevelopment/development efforts and ability to remain competitive in the market. Reporting and Analysis: Assist the SVP in the creation of all reports relating to real estate projects for dissemination to the CEO, COO, RRHA's Real Estate Board Committee and Board of Commissioners, as well as HUD and other applicable funders. As assigned by the SVP, make applicable presentations to all applicable RRHA staff, Real Estate Committee members, as well as RRHA's Board of Directors on projects progress, community impacts, and strategic recommendations. Utilize data and analysis to inform decision-making and improve RRHA's real estate development/redevelopment efforts. Ensure that the real estate staff is maintaining applicable data, project reports, etc., based on departmental SOPs. Performs other related duties, responsibilities and tasks as required/assigned. Qualifications: Master's degree in Real Estate Development, Public Administration, or a related field. Minimum of seven years of experience in real estate development, affordable housing development or community development. Four (4) or more years of demonstrated experience with mixed-use financing programs. Proven track record of managing complex real estate projects and leading cross-functional teams. Strong, demonstrable knowledge of housing policies, regulations, and funding mechanisms (including LIHTC, bonds, HOME, CDBG, etc.). Excellent communication, negotiation, and interpersonal skills. Ability to engage effectively with diverse communities and stakeholders. Skills and Competencies: Strategic thinking and problem-solving abilities. Strong financial acumen and experience with budget creation and management. Familiarity with community organizing and engagement strategies. Proficient in project management software and real estate analysis tools. This is not a remote position. The Richmond Redevelopment & Housing Authority (RRHA) is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. Physical Demands The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. To perform this job successfully, the employee is routinely required to remain in a stationary position. Daily movements include sitting; standing; reaching and grasping; operating computers and other office equipment; moving about the office; and attending onsite and offsite meetings. The employee must be able to exchange information in person, in writing, and via telephone. The employee must occasionally transport up to 10 pounds. There will be times when the Asset Manager will have to drive and participate in off-site meetings. There will be times when the Asset Manager will visit and walk vacant property sites and well as drive to construction sites to evaluate the progress on development. Work Environment The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Office environment. The noise level in the work environment is moderate.