Vice President of Housing Development

AHEPA Senior Living; Fishers (IN); On-site; USD 120,000 - 180,000; Full time

Job summary

AHEPA Senior Living in the United States seeks a Vice President of Housing Development to lead affordable housing initiatives from concept to completion. This executive drives LIHTC and HUD-financed projects, partners with agencies, and steers both new development and preservation efforts to align with the mission.

The role requires strategic vision, strong financial acumen, and ability to manage complex multi-site portfolios while coordinating with executives to expand the organization’s

Qualifications

• 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.
• Must be available and able to travel.

Responsibilities

• Demonstrated experience structuring LIHTC transactions and layered financing for new construction and preservation projects.
• Strong knowledge of HUD programs, particularly Section 202 and RAD conversions, preferred.
• Lead the development process from inception to closing, including site identification, negotiations, entitlement, underwriting, and coordination with partners.
• Prepare and submit financing packages including LIHTC, Tax Exempt Bond, HUD financing and other subsidies.
• Determine feasibility of new real estate opportunities and perform pro forma analysis.
• Coordinate due diligence and manage pre-development activities with agencies and vendors.
• Oversee pre-development tasks and zoning/development approvals with municipalities.
• Coordinate with internal departments and external third parties to deliver projects.

Skills

Self-starter

Team player

Travel availability

Driver's license

Communication skills

Math proficiency

LIHTC experience

Financing packages

Minimal supervision

Education

Bachelor’s degree in business/real estate/finance/investments

Tools

Excel

Financial modeling

Job 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:

The Vice President of Housing Development leads the organization’s affordable housing development efforts, including new construction, acquisition, and preservation of communities serving older adults. This role is responsible for moving projects from concept through stabilization and ensuring they are delivered on time, on budget, and aligned with the organization’s mission and long‑term growth strategy.

Working closely with executive leadership, the Vice President will help expand the organization’s affordable housing portfolio and establish a more formalized development function. This is an opportunity to build structure, processes, and pipeline while advancing both new development and preservation initiatives.

Job Duties/Responsibilities:

• Demonstrated experience structuring LIHTC transactions and layered financing for new construction and preservation projects, including recapitalization and repositioning.
• Strong knowledge of HUD programs, particularly Section 202 and Rental Assistance Demonstration (RAD) conversions, preferred.
• 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 AHEPA Senior Living’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.