Vice President of Real Estate Development

Comunilife, Inc.; New York (NY); On-site; USD 180,000 - 240,000; Full time

Job summary

Comunilife Inc. in New York seeks a Vice President of Real Estate Development to lead the development and preservation of its real estate portfolio, including new construction and major capital projects.

Reporting to the Chief Housing Officer, you will oversee due diligence, financing, project management, and coordination with the Board and funders, while representing Comunilife at industry and community events.

Qualifications

• Seven years' experience in residential new construction or rehab and related fields.
• Proven ability to develop partnerships with private and public financial institutions.
• Experience with multi-family affordable housing and LIHTC programs.
• Knowledge of tax credit compliance, asset management, and HUD/HFA underwriting.
• Ability to work independently and take initiative.

Responsibilities

• Lead site identification and manage acquisition process.
• Coordinate pre-development activities with partners and consultants.
• Secure financing and manage project budgets and cash flows.
• Represent Comunilife at industry, government, and community events.
• Supervise staff and collaborate with leadership and legal counsel.

Skills

Residential construction

Rehab projects

Construction management

Partnership development

Affordable housing

LIHTC knowledge

Tax credit compliance

Education

Bachelor's degree in related field

Job description

Comunilife Inc. is looking to fill a Vice President of Real Estate Development position for its Real Estate team. Reporting to the Chief Housing Officer, the Vice President for Real Estate Development leads critical work associated with the development and preservation of Comunilife’s real estate portfolio. They are responsible for planning and oversight of all new construction and major capital improvement projects. This includes directing due diligence efforts, managing project managers and consultants, securing financing, and ensuring compliance with various programs, agencies and lenders. In addition, the VP represents Comunilife at real estate industry, government, community board, and supportive housing events, prepares statistical, analytical, and narrative reports, and plays an active role with the Board of Directors. This position offers a generous benefit package including health insurance, dental, vision, dependent care, paid time off, 401(k), tuition assistance program and more.Areas Of ResponsibilitiesLead 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.Education and Experience Requirement(s):Minimum of seven years work experience in residential new construction or rehab, construction management, or related field, economic or urban developmentBachelors degree from an accredited college or university in related fieldProven track record of developing partnerships with private and public sector financial institutionsDemonstrated experience in the development of multi-family affordable housing for special needs and low-income populationsSpecific knowledge of tax credit compliance, asset management, OMH, HRA, Section 8, HUD, and HPD underwriting and bond issuancePossess initiative and the ability to work independentlyDemonstrated successful experience with affordable, multi-family housing debt and equity sources, including LIHTCStrong management skillsExperience administering government-funded contractsComunilife is an EEO employer and provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.