Care with Heart. Work with Purpose.
Volunteers of America National Services (VOANS) is seeking a Senior Development Director, Affordable Housing. The Senior Development Director is responsible for leading a deal team on executing all functions of development of affordable housing with a focus on financial analysis, due diligence, policy research, site selection, entitlements, and overall management of the development team/process from inception through permanent loan conversion, 8609’s and hand off to asset management. This is a remote role. Proudly Great Place to Work® Certified for 8 consecutive years.
Location: Remote (Position is based in the VOANS key market of Texas) *Familiarity with Texas affordable housing marketing is a plus.
Schedule: Monday-Friday 8:00 AM-5:00 PM
Salary: $140,000-$150,000
The Senior Director of Development is responsible for leading a deal team on executing all functions of the development of affordable housing with a focus on financial analysis, due diligence, policy research, site sourcing, entitlements, and overall management of the development team from inception through permanent loan conversion, 8609's and hand off to asset management.
Why You’ll Love It Here
- Mission-driven work that makes a difference
- Supportive and collaborative leadership
- Strong, team-oriented culture
- Opportunities for career growth and advancement
- Inclusive and purpose-driven environment
What We Offer
- Medical, Dental & Vision Insurance
- 403(b) Retirement Plan with discretionary contribution
- Paid Time Off (Vacation, Holiday & Sick Days)
- Life Insurance & Short-Term Disability
- Employee Assistance Program
- Wellness incentives (earn up to $350)
- Early pay access (up to 50% of earnings)
- Referral bonuses & career scholarships
Key Responsibilities:
Strategy Development
•Work with the VP of Real Estate Development, Texas and others to determine the strategic direction in geographic target areas and specific opportunities within those areas.
•Work with VOA Affiliates in the geographic areas to determine their strategic areas of focus and how VOANS housing development can assist them in meeting their goals.
Pre-Development & Closing Phase
•Develop and maintain strategic relationships with elected officials, brokers, other developers, property owners, city staff, and other key stakeholders.
•Research affordable housing policy and local funding sources for opportunities.
•Track market trends, comparable properties, competitive landscape, and other local affordable housing dynamics.
•Source land opportunities, recommend sites for development, and negotiate Letters of Intent/Purchase& Sale Agreements with brokers/owners.
•Lead the internal team and outside consultants including architect, engineer, environment, market analysts, and other consultants to complete due diligence, design, and permitting.
•Perform financial analysis using Microsoft Excel.
•Lead rezoning efforts to obtain entitlements where necessary.
•Lead and complete financial applications for various funding sources including tax credits, tax exempt bonds, project-based vouchers, CDBG funds, tax exemptions, local soft funds, and other sources.
•Engage and direct legal counsel (internal and external) in the formation of new entities, closing documents, board resolutions, and other documents.
•Manage equity and debt relationships – interfacing with external partners.
•Prepare DRC/RELC/VOANS board applications and present them to DRC/RELC committees for internal project approvals.
•Lead application and closing processes including equity, debt, soft funds, and due diligence closing checklists through closing.
•Complete development close-out requirements through permanent loan conversion/8609’s.
•Lead responses to RFPs and RFQs.
•Look for partnership opportunities with other developers/housing authorities when strategically beneficial.
Construction & Development Close Out Phase
•Manage construction, in conjunction with the Construction Manager/In-House Architect/Owner’s Representative, in directing the architect and contractor during the construction and warranty period.
•Oversee construction loan, equity, and soft funding partner draws in conjunction with the accounting team.
•Provide direction and guidance, and facilitate the transition from development to operations for the interdepartmental team including property management, accounting, asset management, and local affiliate staff, among others.
•Organize and execute groundbreaking and grand opening events, including providing direction and guidance to the communications team, directing local affiliate staff, vendors, media, and local politicians.
•Work with accounting, asset management, and compliance to assure funding compliance requirements are completed on time.
Qualifications
Education:
•Bachelor’s degree required with graduate degree preferred.
•At least eight (8) years’ related experience and/or training; or equivalent combination of education and experience in affordable housing real estate development and housing finance.
•Experience having led project teams and closed at least one (1) LIHTC transactions preferred.
•Excellent project management skills and experience.
•Ability to work independently and keep flexible hours. Ability to travel is required, up to 15% of time.
At VOANS, we celebrate sharing, encouraging and embracing diversity. Equal employment opportunities are available to all without regard to race, color, religion, sex, pregnancy, national origin, age, physical and mental disability, marital status, parental status, sexual orientation, gender identity, gender expression, genetic information, military and veteran status, and any other characteristic protected by applicable law. We believe that blending individual strengths and unique personal differences nurtures and supports our organizations shared commitment to our mission and creates an inclusive and diverse environment where everyone feels valued and has the opportunity to do their personal best.
