What are the responsibilities and job description for the Vice President of Development position at AHEPA Senior Living?
Company Description
AHEPA Senior Living (ASL) is a non-profit organization dedicated to providing safe, dignified, and affordable housing and quality aging services to seniors since 1980. The commitment to service and excellence at ASL's communities is unwavering and trusted by many.
Job Summary:
Responsible for creating new real estate opportunities in affordable housing for seniors. This includes coordinating all aspects of the development and entitlement process from inception to closing.
Job Duties/Responsibilities:
- Lead the development process from inception to closing, which includes, but is not limited to: site identification, contract negotiations, entitlement work, underwriting, site design, relationship building / management with development and agency partners, etc.
- Prepare and submit financing packages including Low-Income Housing Tax Credit, Tax Exempt Bond, HUD financing and other soft financing as needed and/or rental subsidy applications.
- Determine geographical and financial feasibility of new real estate opportunities.
- Complete real estate analysis, including site visits, preliminary internal market studies and utility availability research.
- Coordinate third party due diligence reports.
- Perform, coordinate and / or lead pre-development work such as preliminary architectural and engineering issues, zoning issues, and local government support.
- Participate in the completion of zoning, development plan, and other required applications to municipalities.
- Calculate financial feasibility of proposed developments including initial pro forma analysis.
- Complete various reports to state housing finance agencies and other funding sources as required.
- Coordinate with internal departments and external third parties to successfully deliver projects.
- Oversee the asset management of AMC’s affordable assisted living communities (AALCs).
- Identify and oversee the execution of acquiring new properties.
- Participate in the vetting of general contractors during the bidding process for new building/rehabilitation projects.
- Perform other duties as assigned.
Education/ Qualifications/Skills:
- Bachelor’s degree in Business, Real Estate, Finance, Investments or related, required
- 5-10 years’ experience preparing and submitting financing packages for various project types
- Self-starter who is able to work with minimal supervision
- A team player with an ability to operate effectively in a fast-paced environment
- Ability to work on multiple projects simultaneously with frequent interruptions
- Low Income Housing Tax Credit application experience
- Excellent communication/interpersonal and listening skills
- Proficient computer, spreadsheet and math skills
- Must be available and able to travel
- Must have and maintain a valid driver’s license
Physical Requirements/Working Conditions
Ability to remain stationary 50-100%; position self to exert 10-30lbs of force or to move objects; move about to access office cabinets, machinery, etc.; operate a computer or other office machinery; frequently communicate and exchange accurate information; perceive visual acuity to operate office machinery; work around varying internal and outdoor environmental conditions such as temperature changes, noise, movement, atmospheric conditions, etc.
