VP Development (Affordable Housing)

Specialty Consultants Inc.; Miami (FL); Hybrid; USD 180,000 - 260,000; Full time

Job summary

SCI in Miami seeks a VP of Development to own 4% LIHTC rehab deals end to end—from structuring and applications through closing, construction and conversion to permanent financing.

You will run deals as an individual contributor, coordinating with lenders, syndicators, housing finance agencies, general contractors, and property management.

Qualifications

• Experience in affordable housing development with 4% LIHTC and tax-exempt bonds.
• Track record managing transactions from bidding through conversion.
• Strong ability to read development budgets, sources and uses, and pro forma analyses.

Responsibilities

• Lead 4% LIHTC transactions across the full development life cycle, including bids, underwriting support, acquisition, closing, construction, and stabilization.
• Prepare bid packages and agency applications with project narratives, budgets, schedules, and RFA materials.
• Execute tax-exempt bonds and 4% credits, including allocation, carryover, placed-in-service, cost certification, and Form 8609.
• Maintain schedules and budgets through construction, lease-up, and conversion to permanent financing.

Skills

4% LIHTC execution

Affordable housing

Capital stack fluency

Budgeting & pro formas

Stakeholder coordination

Job description

SCI, the Leader in Real Estate Executive Search®, has been retained by a Miami-based affordable housing investment and development firm to recruit a VP of Development — a role that carries full ownership of 4% LIHTC rehab deals from structuring, application, closing, development execution, construction, and conversion to permanent financing.

Our client is an entrepreneurial developer, with a history of transacting in 13 states and developing 12,000 units. Role based in Miami office 3 days/wk.

Reporting directly to leadership, you'll run your own deals end to end as an individual contributor — the driving force behind each transaction, and the primary point of contact for lenders, syndicators, housing finance agencies, general contractors, and property management.

Responsibilities:

• 4% LIHTC transactions across the full development life cycle — bid and RFP/RFA response, underwriting support, acquisition, closing, construction, and stabilization
• Bid packages and agency applications — project narratives, development budgets, schedules, and RFA materials
• Tax-exempt bond and 4% credit execution — allocation, carryover, placed-in-service, cost certification, and Form 8609
• Schedules and budgets through construction and lease-up, and the full conversion to permanent financing

Experience:

• affordable housing development execution, with direct 4% LIHTC and tax-exempt bond experience
• A track record managing transactions from bidding through acquisition and conversion
• Working command of the affordable housing capital stack and fluency reading development budgets, sources-and-uses, and operating pro formas
• Bonus: HUD/RAD or Section 8 experience, Florida Housing Finance Corporation familiarity, and professional Spanish