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We got a new job details in OLCDC & they are Hiring Candidates for VicePresident of Housing/ Real Estate Development
Company Name : OLCDC
Company Location : United States
Job Position : VicePresident of Housing/ Real Estate Development
Job Category : Jobs in United States
Job Description :
VICE PRESIDENT OF HOUSING/REAL ESTATE DEVELOPMENT
Reports To: ACF President and OLCDC’s President /CEO
Opa-locka Community Development Corporation (OLCDC) is a community development corporation dedicated to build a strong ecosystem that supports under-resourced communities in creating an equitable and sustainable economy throughout South Florida. More recently, OLCDC formed The Affordable Communities of Florida, Inc. (ACF), to advance our real estate development work in both multifamily and single family. OLCDC is seeking a dynamic leader to serve as Vice President of Real Estate Development for this newly form corporation capable of scaling up our development work
Working closely with the ACF President and OLCDC’s President /CEO, the Vice President is by nature ambitious and entrepreneurial in the pursuit of new affordable rental housing and homeownership developments. The Vice President is part of a team that will lead and implement AFC’s real estate development strategic goals, objectives, and priorities, developing a pipeline of affordable rental and homeownership developments.
The Vice President will plan, organize, and manage all functions and activities assigned, including activities and coordination with other departments, outside agencies, public officials, and the community. Responsible for originating, coordinating, and implementing all aspects of affordable housing project development – from deal origination and feasibility through construction, to stabilizing occupancy. Projects may include new construction, rehabilitation, and joint ventures with other developers.
Manage all phases of development for construction projects including reviewing feasibility analysis, obtaining local approvals, developing, and maintaining proformas, and managing the design and construction phases, working with both internal and external departments and contractors.
Facilitate development partnerships among community residents, community-based organizations, and local jurisdictions.
Conduct all physical, financial, and operational due diligence on properties during feasibility, acquisition, and pre-development phases.
Prepare financing applications to public and private sources such as Federal HOME, CDBG, HOPWA, HUD (SHP and McKinney), State/HFA’s (LIHTC 4% and 9%, Bond Financing,), Commerce, NMTC, FHLB, and various banks, intermediaries and CDFIs
Coordinate pre-development and development activities including but not limited to a) lender relationships b) legal documents c) financial planning including development and operating budgets with multiple sources d) construction documents e) ongoing management of project financials.
Monitor and track construction progress and cost to ensure timely project completion.
Identify and manage qualified architects, engineers, environmental firms, contractors and other professionals as needed.
Coordinate marketing and lease up process and transition to stabilize operations, working with internal departments (asset management, property management, fiscal, and resident programs) before, during, and after construction to ensure smooth tenant relations and transition to operations.
Research and suggest new methods of financing and structuring of housing and other community development activities, including open space and community facilities.
Appropriately interface with government and financial entities pertaining to development, including but not limited to banks, funders, lenders, commissioners, municipalities officials, CRA, Housing Finance Agencies, State departments
Oversee Compliance with City, State and Federal oversight agencies and with private investors/lenders.
Coordinate responses to Request for Proposals and Request for Qualifications.
Acquire properties from public agencies as well as from the private market.
Leadership and Administration
Provide regular reporting on department activities to the AFC President and Board of Directors
Negotiate and resolve significant and controversial issues with various partners and stakeholders.
Represent OLCDC at stakeholder meetings, including industry events, local boards, advocacy organizations, elected officials and outside agencies and other important partnerships.
EDUCATION AND EXPERIENCE REQUIREMENTS
Master’s degree in business, finance, real estate, or planning is preferred.
Minimum of 10 years in affordable housing development, as well as training in underwriting, financial feasibility and analysis, government programs for real estate financing, knowledge and preferably experience with Florida development community, government agencies, and financial institutions.
Knowledge of construction and property management processes.
Must have proven ability to manage multiple real estate development projects simultaneously, to lead teams of contractors and external consultants, and to effectively solve problems of a variety of issues that may occur during the real estate development process.
Highly developed written and oral communication skills, including preparation of reports, briefing papers, and correspondence.
Excellent organizational coordination, problem-solving, and time management skills, including the planning and managing of multiple projects.
Ability to be proactive and capable of resolving complex problems expeditiously.
Dealmaker’s sensibility, an understanding of affordable housing development and have the fortitude
to proactively identify new projects.
Comfort in working in a team capacity
If interested, please send a letter and resume
OLCDC is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status, or any other characteristic protected by law.
Job Type: Full-time
Pay: $150,000.00 – $170,000.00 per year
Paid time off
Professional development assistance
8 hour shift
Monday to Friday
COVID-19 considerations:Following CDC guidelines
Ability to commute/relocate:
United States: Reliably commute or planning to relocate before starting work (Required)
Real Estate Development: 10 years (Preferred)
Work Location: Multiple Locations
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