Director of Real Estate Development

Vancouver Housing Authority; Vancouver (WA); On-site; USD 135,000 - 196,000; Full time

Benefits offered by this job

Health insurance – employee 100% cover

Dental covered 100%

Vision coverage included

Paid time off — 26 days first year

12 paid holidays

Participation in Washington PERS

Job summary

The Vancouver Housing Authority (VHA) is seeking a Director of Real Estate Development to lead a nine-person team and drive growth from ~4,000 to 5,000+ apartments by the end of the decade.

The role focuses on acquiring, constructing, and renovating affordable/mixed-income properties, leveraging 4% and 9% LIHTC, and exploring tax-exempt bonds and public/private partnerships. Washington-based position with generous benefits.

Qualifications

• Five years of related experience in affordable housing development, public finance, or an equivalent combination of education and experience.
• Over three years of management, administrative, and supervisory responsibility.
• Public agency experience preferred.

Responsibilities

• Leads the agency's efforts to acquire, construct, and substantially renovate affordable and mixed-income properties.
• Conceptualizes and implements complex real estate projects such as portfolio repositioning, public-private partnerships, RAD for PRAC conversions, etc.
• Acts as VHA's subject matter expert on affordable housing development and financing and manages a department of nine staff.

Education

BA in architecture, engineering, finance, urban planning, business administration, real estate development, planning, public policy, or related field

Job description

Description

The Vancouver Housing Authority (VHA) is looking for a Director of Real Estate Development. This is a tremendous opportunity for a mission-driven affordable housing developer to lead a talented and energetic team of nine staff as they help VHA build our portfolio from approximately 4,000 apartments today to over 5,000 apartments by the end of the decade.

A tremendous opportunity for a mission-driven affordable housing developer. The Vancouver Housing Authority (VHA) has an active pipeline of 4% and 9% Low Income Housing Tax Credit developments, as well as an acquisition strategy that utilizes our ability to issue tax-exempt bonds. We are also exploring innovative public/private partnerships to further increase our development capacity.

About this Opportunity

The Director of Real Estate Development functions as a member of Leadership and supports the VHA's strategic and operational objectives in the following ways:

• Leads the agency's efforts to acquire, construct, and substantially renovate affordable and mixed-income properties.
• Conceptualizes and implements complex real estate projects such as portfolio repositioning, public-private partnerships, RAD for PRAC conversions, etc.
• Acts as VHA's subject matter expert on affordable housing development and financing and manages a department of nine staff.

About Vancouver Housing Authority

The City of Vancouver established VHA in 1942 for the purpose of housing an influx of employees to the aluminum and shipyard industries during World War II. During that time, VHA built 1,000 permanent homes and 11,396 temporary units capable of housing 50,000 people.

In the 1960's, VHA assumed the role of providing subsidized housing for low-income families, older adults, and people with disabilities. In the early 1990's VHA began using its authority to issue tax-exempt bonds to acquire mixed-income properties. These properties help reduce VHA's dependence on federal funding while providing housing for people earning between 60% and 80% of area median income. In 1999, HUD designated VHA as one of the original 39 Moving to Work (MTW) housing authorities, providing the agency with flexibility in funding decisions and regulatory requirements.

Today, VHA assists with the full range of housing needs, including emergency shelters that are operated by partnering nonprofits, permanent supportive housing serving people exiting homelessness, subsidized housing, low-income housing tax credit properties, mixed-income properties, affordable homeownership, and rental assistance vouchers. VHA also provides administrative services and staffing support to several local nonprofits.

Pay and Benefits

• In compliance with the Equal Pay & Opportunities Act, the full salary range for this position is $134,880 to $195,552. Starting salary is determined by the required qualifications for the role and the candidate's relevant experience.
• This is a full-time exempt position working primarily in the office Monday through Friday.
• We offer a generous contribution toward health care: 100% paid for employees' only medical and vision coverage, 85% paid for dependent tier coverage. 100% paid for dental.
• Up to 26 days of accrued paid time off annually in the first year (13 vacation/13 sick days), and 12 paid holidays.
• This position is required to participate in Washington PERS (Public Employee Retirement Systems).

Requirements

• BA in architecture, engineering, finance, urban planning, business administration, real estate development, planning, public policy, or related field.
• Five years of related experience in affordable housing development, public finance, or an equivalent combination of education and experience.
• Over three years of management, administrative, and supervisory responsibility.
• Public agency experience preferred.
• Valid driver's license and access to an automobile required.

The VHA provides equal employment opportunities to all employees and applications for employment without regard to race, color, religion, gender, sexual orientation, national origin, age, disability, genetic information, marital status, amnesty, or status as a covered veteran in accordance with federal, state, and local laws.