Harmony Housing Affordable Development
Vice President of Development
Harmony Housing Affordable Development, Raleigh, North Carolina, United States, 27601
Harmony Housing Affordable Development Inc. ("HHAD") is among the largest real estate developers of affordable rental housing in the United States. Our mission is to positively impact communities by creating and preserving quality affordable housing for low-wealth households. HHAD is a wholly owned subsidiary of Harmony Housing, a 501c3 not-for-profit owner of affordable housing with an expanding portfolio of owned assets across the country.
Our fast-growing organization is currently seeking an experienced
Vice President
to join the expanding
Development team . This individual is responsible for overseeing the strategic direction, planning, and execution of the development and repositioning of USDA-financed rural affordable housing projects ("RD"). This leadership role involves leading a development team and ensuring projects are closed on time and within budget. This is a management position, which includes supervisory responsibilities for personnel, collaboration with the executive management team, and oversight of deal structuring and terms. This position works in close coordination with HHAD's Finance, Construction, and Executive teams and is based in our Raleigh, North Carolina office, reporting to the Executive Vice President.
The Vice President requires a deep understanding of the affordable housing sector, strong leadership and project management skills, and the ability to liaise with various stakeholders including potential clients, buyers and sellers, investors, and government agencies. The Vice President will manage all aspects of development, from concept to closing, while ensuring compliance with affordable housing regulations. This position requires a great deal of autonomy and accountability, along with strong experience in critical thinking and problem-solving, negotiating, networking, and teamwork.
Primary Duties and Responsibilities:
Strategic Leadership and Planning:
Provide leadership in advancing the company's mission and strategy. Support the execution of the RD multi-family affordable development platform by leading a team of developers and associates responsible for all efforts related to developing and closing projects. Build strong relationships and support with internal and external stakeholders, partners, vendors, local government officials, and state agencies to successfully complete development objectives. Represent HHAD at industry events, conferences, and networking functions to expand brand recognition and establish strategic partnerships; serve as an articulate, visible, and effective spokesperson for the organization and its developments. Advocate for policies, programs, and funding that support and expand affordable housing. Maintain current working knowledge of industry trends, best practices, as well as state and federal regulations regarding affordable housing development, especially with rural housing. Provide regular updates to the Executive team regarding the progress of ongoing development projects. Track and report key performance indicators (KPIs) for development projects, ensuring the alignment of outcomes with organizational goals.
Team Leadership:
Lead and mentor the assigned Development team, providing guidance and support in their professional development. Management of Development, including review of applications, project plans, and other critical path documents to ensure high-quality, accurate submissions are delivered on time. Foster a collaborative environment that encourages continuous improvement and innovation. Participate in Team Project Meetings and contribute to the progression of the project development. Identify and implement process improvements to enhance the efficiency and effectiveness of the Development functions and obligations. Ensure individual and departmental goals and objectives are achieved.
Project Development and Execution:
Direct all aspects of the affordable housing development process from conception through closing, leading the day-to-day progression of all aspects of the development process. Monitor and drive project schedules to ensure financial milestones are achieved as scheduled. Efficiently review a high volume of detailed project and portfolio-level documents for scattered-site RD projects, providing quality control for funding and other applications. Ensure program and governmental requirements are satisfied. Oversee the planning and development of RD affordable housing preservation portfolios. Collaborate with Finance and Construction team members to review RD Preliminary Assessment Tools (PATs) to ensure consistent with USDA 515 Loan Transfer Applications, USDA 538 Loan Guaranty Applications, as well as LIHTC, tax exempt bond, and other financing applications to ensure quality control prior to application submission. Ensure adherence to local, state, and federal regulations (including state QAPs) related to affordable housing financing, subsidies, and reporting. Review project partnership and financial documents and ensure terms and conditions are consistently maintained. Consistently manage Project Plans and reporting systems that measure key performance objectives. Implement risk management strategies to address potential project delays, cost overruns, or community opposition. Monitor changes in laws and regulations to ensure ongoing compliance.
Stakeholder Engagement:
Establish, cultivate, and maintain strategic relationships with potential and existing partners, brokers, institutional and equity partners, owners, lenders, and other key stakeholders in various markets. Lead meetings with external clients, partners, as well as government agencies, and pertinent officials as may be needed.
Experience, Skills, and Abilities Required:
Bachelor's degree in business, real estate, finance, urban planning, or a related field; a Master's degree is a plus. Minimum of 10 years of progressive professional experience in affordable housing development, real estate investment, or a related field. Established relationships with developers, owners, management agents, and brokers throughout the designated region. Experience reviewing relative property documents (operating statements, rent rolls, audits, loan documents, etc.); ability to process information including gathering, assessing, organizing, auditing, and verifying data. Strong knowledge of affordable housing mechanisms (e.g., programs such as LIHTC and tax-exempt bond financing, FHA mortgage insurance programs, as well as Agency debt products (Fannie, Freddie, USDA), and familiarity with other affordable housing funding programs and compliance regulations. Proven ability to lead complex projects from inception through completion. Demonstrated excellent analytical, problem-solving, and decision-making skills with varying amounts of available information. Ability to recognize and mitigate investment risks; strong negotiation skills. High-energy, accurate, organized, highly detailed, and results-oriented professional with demonstrable ability to successfully manage multiple projects and successfully work under pressure of strict deadlines. Excellent written, oral, and public speaking communication skills with an ability to clearly and concisely express ideas, thoughts, and concepts verbally and in writing to diverse teams. Advanced computer skills (Microsoft Office Suite, Adobe, SharePoint, and SmartSheet and other similar programs). Exceptional customer service and interpersonal skills, with the ability to build and maintain relationships with internal and external stakeholders. Ability to manage daily responsibilities and projects with minimal direction, while also working in close collaboration with a team to provide solutions where needed. Ability to maintain a "big picture" focus while attending to incredibly detailed work and providing thorough documentation. Resourceful, flexible and maintain the ability to react and respond quickly towards positive outcomes. Strong personal standards and values consistent with HHAD's core values (entrepreneurial, integrity, caring, and excellence.)
A satisfactory background check will be required as part of the selection process.
At Harmony Housing Affordable Development, we believe that finding creative solutions for our clients comes from the collaboration of people with diverse backgrounds and perspectives. We strive to build an inclusive work environment that celebrates differences and empowers all individuals with opportunities to channel their entrepreneurial spirit. HHAD is an EEO employer.
This job description is not inclusive of all responsibilities, skills, requirements, efforts or working conditions associated with this position. While this job description is intended to be an accurate reflection of the current position, management reserves the right to modify the position or to require that other or different tasks be performed when circumstances change. This job description replaces all previous descriptions for this position.
Our fast-growing organization is currently seeking an experienced
Vice President
to join the expanding
Development team . This individual is responsible for overseeing the strategic direction, planning, and execution of the development and repositioning of USDA-financed rural affordable housing projects ("RD"). This leadership role involves leading a development team and ensuring projects are closed on time and within budget. This is a management position, which includes supervisory responsibilities for personnel, collaboration with the executive management team, and oversight of deal structuring and terms. This position works in close coordination with HHAD's Finance, Construction, and Executive teams and is based in our Raleigh, North Carolina office, reporting to the Executive Vice President.
The Vice President requires a deep understanding of the affordable housing sector, strong leadership and project management skills, and the ability to liaise with various stakeholders including potential clients, buyers and sellers, investors, and government agencies. The Vice President will manage all aspects of development, from concept to closing, while ensuring compliance with affordable housing regulations. This position requires a great deal of autonomy and accountability, along with strong experience in critical thinking and problem-solving, negotiating, networking, and teamwork.
Primary Duties and Responsibilities:
Strategic Leadership and Planning:
Provide leadership in advancing the company's mission and strategy. Support the execution of the RD multi-family affordable development platform by leading a team of developers and associates responsible for all efforts related to developing and closing projects. Build strong relationships and support with internal and external stakeholders, partners, vendors, local government officials, and state agencies to successfully complete development objectives. Represent HHAD at industry events, conferences, and networking functions to expand brand recognition and establish strategic partnerships; serve as an articulate, visible, and effective spokesperson for the organization and its developments. Advocate for policies, programs, and funding that support and expand affordable housing. Maintain current working knowledge of industry trends, best practices, as well as state and federal regulations regarding affordable housing development, especially with rural housing. Provide regular updates to the Executive team regarding the progress of ongoing development projects. Track and report key performance indicators (KPIs) for development projects, ensuring the alignment of outcomes with organizational goals.
Team Leadership:
Lead and mentor the assigned Development team, providing guidance and support in their professional development. Management of Development, including review of applications, project plans, and other critical path documents to ensure high-quality, accurate submissions are delivered on time. Foster a collaborative environment that encourages continuous improvement and innovation. Participate in Team Project Meetings and contribute to the progression of the project development. Identify and implement process improvements to enhance the efficiency and effectiveness of the Development functions and obligations. Ensure individual and departmental goals and objectives are achieved.
Project Development and Execution:
Direct all aspects of the affordable housing development process from conception through closing, leading the day-to-day progression of all aspects of the development process. Monitor and drive project schedules to ensure financial milestones are achieved as scheduled. Efficiently review a high volume of detailed project and portfolio-level documents for scattered-site RD projects, providing quality control for funding and other applications. Ensure program and governmental requirements are satisfied. Oversee the planning and development of RD affordable housing preservation portfolios. Collaborate with Finance and Construction team members to review RD Preliminary Assessment Tools (PATs) to ensure consistent with USDA 515 Loan Transfer Applications, USDA 538 Loan Guaranty Applications, as well as LIHTC, tax exempt bond, and other financing applications to ensure quality control prior to application submission. Ensure adherence to local, state, and federal regulations (including state QAPs) related to affordable housing financing, subsidies, and reporting. Review project partnership and financial documents and ensure terms and conditions are consistently maintained. Consistently manage Project Plans and reporting systems that measure key performance objectives. Implement risk management strategies to address potential project delays, cost overruns, or community opposition. Monitor changes in laws and regulations to ensure ongoing compliance.
Stakeholder Engagement:
Establish, cultivate, and maintain strategic relationships with potential and existing partners, brokers, institutional and equity partners, owners, lenders, and other key stakeholders in various markets. Lead meetings with external clients, partners, as well as government agencies, and pertinent officials as may be needed.
Experience, Skills, and Abilities Required:
Bachelor's degree in business, real estate, finance, urban planning, or a related field; a Master's degree is a plus. Minimum of 10 years of progressive professional experience in affordable housing development, real estate investment, or a related field. Established relationships with developers, owners, management agents, and brokers throughout the designated region. Experience reviewing relative property documents (operating statements, rent rolls, audits, loan documents, etc.); ability to process information including gathering, assessing, organizing, auditing, and verifying data. Strong knowledge of affordable housing mechanisms (e.g., programs such as LIHTC and tax-exempt bond financing, FHA mortgage insurance programs, as well as Agency debt products (Fannie, Freddie, USDA), and familiarity with other affordable housing funding programs and compliance regulations. Proven ability to lead complex projects from inception through completion. Demonstrated excellent analytical, problem-solving, and decision-making skills with varying amounts of available information. Ability to recognize and mitigate investment risks; strong negotiation skills. High-energy, accurate, organized, highly detailed, and results-oriented professional with demonstrable ability to successfully manage multiple projects and successfully work under pressure of strict deadlines. Excellent written, oral, and public speaking communication skills with an ability to clearly and concisely express ideas, thoughts, and concepts verbally and in writing to diverse teams. Advanced computer skills (Microsoft Office Suite, Adobe, SharePoint, and SmartSheet and other similar programs). Exceptional customer service and interpersonal skills, with the ability to build and maintain relationships with internal and external stakeholders. Ability to manage daily responsibilities and projects with minimal direction, while also working in close collaboration with a team to provide solutions where needed. Ability to maintain a "big picture" focus while attending to incredibly detailed work and providing thorough documentation. Resourceful, flexible and maintain the ability to react and respond quickly towards positive outcomes. Strong personal standards and values consistent with HHAD's core values (entrepreneurial, integrity, caring, and excellence.)
A satisfactory background check will be required as part of the selection process.
At Harmony Housing Affordable Development, we believe that finding creative solutions for our clients comes from the collaboration of people with diverse backgrounds and perspectives. We strive to build an inclusive work environment that celebrates differences and empowers all individuals with opportunities to channel their entrepreneurial spirit. HHAD is an EEO employer.
This job description is not inclusive of all responsibilities, skills, requirements, efforts or working conditions associated with this position. While this job description is intended to be an accurate reflection of the current position, management reserves the right to modify the position or to require that other or different tasks be performed when circumstances change. This job description replaces all previous descriptions for this position.