What are the responsibilities and job description for the Vice President of Real Estate Development position at Comunilife Inc?
-
Lead site identification efforts and manage the acquisition process. Manage due diligence efforts to determine project feasibility as well as the selection process of potential partners and consultants.
-
Coordinate all pre-development activities, internally and with partners and consultants, including, but not limited to, community outreach and notification.
-
Establish key policies and procedures related to internal coordination with Comunilife Finance, Program and Operations Team.
-
Structure project ownership models in collaboration with Comunilife leadership and legal counsel.
-
Supervise staff in the development of new projects and the ownership and administration of the existing portfolio.
-
Work with Comunilife leadership, partners and funders in securing, coordinating and requisitioning project capital and operating funding and financing.
-
Prepare real estate-related financial projections and analyses, including proforma projections of development and operating budgets, construction draw schedules, cash flow and reserve analyses, etc. Monitor project cash flows during pre-development and construction, tracking project budgets and expenditures.
-
Lead consultants throughout the development process, including land use review protocols.
-
Coordinate key efforts related to building completion and turnover.
-
Oversee preparation of responses to Requests for Proposals and Qualifications as well as all necessary funding applications. Coordinate with appropriate entities, including partners, government agencies, equity and debt providers, and other private and non-profit entities.
-
Collaborate with Comunilife's Development Department to identify funding opportunities and prepare grant applications to various funders and philanthropic groups.
- Represent Comunilife in varying capacities, including at industry functions. Serve as brand ambassador for Comunilife as needed.
Qualifications:
-
Minimum of seven years work experience in residential new construction or rehab, construction management, or related field, economic or urban development
-
Bachelors degree from an accredited college or university in related field
-
Proven track record of developing partnerships with private and public sector financial institutions
-
Demonstrated experience in the development of multi-family affordable housing for special needs and low-income populations
-
Specific knowledge of tax credit compliance, asset management, OMH, HRA, Section 8, HUD, and HPD underwriting and bond issuance
-
Possess initiative and the ability to work independently
-
Demonstrated successful experience with affordable, multi-family housing debt and equity sources, including LIHTC
-
Strong management skills
-
Experience administering government-funded contracts
Salary : $185,000 - $195,000