VP Development (Affordable Housing)

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

Job summary

SCI, a Miami-based leader in Real Estate Executive Search, seeks a VP of Development to own 4% LIHTC rehab deals from structuring through permanent financing. The role manages end-to-end transactions, acting as the primary contact with lenders, syndicators, HFAs, GCs, and property managers.

Ideal candidates have affordable housing development experience, a track record from bidding to acquisition and conversion, and fluency in budgets and sources-uses.

Qualifications

• Experience leading 4% LIHTC transactions from bidding to closing.
• Fluency with affordable housing capital stack and development budgets.
• Track record managing projects through acquisition, construction and conversion.
• Bonus: HUD/RAD or Section 8 experience and Florida familiarity.

Responsibilities

• 4% LIHTC transactions across full development life cycle from bid to stabilization.
• Prepare bid packages and agency applications with budgets, schedules, and narratives.
• Execute 4% credits and tax-exempt bonds including carryover, placed in service, and Form 8609.
• Oversee schedules and budgets through construction, lease-up, and conversion to permanent financing.

Skills

LIHTC financing

4% LIHTC

Tax-exempt bonds

Development budgets

Stakeholder management

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