Vice President, Development

Job Description

Job Description

Position Summary

The Vice President of Development serves as the Housing Authority's senior executive responsible for planning, financing, and executing the redevelopment and expansion of the Authority's affordable housing portfolio. Reporting directly to the President & CEO, this position provides strategic leadership for all real estate development initiatives, including repositioning aging public housing assets through RAD, Section 18, Faircloth-to-RAD, LIHTC, mixed-finance development, public-private partnerships, and other federal, state, and local housing programs.

The Vice President of Development leads the Authority's long-term redevelopment strategy, manages developer and consultant relationships, secures financing, oversees development activities from concept through occupancy, and ensures projects are delivered on schedule, within budget, and in compliance with all regulatory requirements.

Essential Duties and Responsibilities

Strategic Leadership

• Develop and implement the Authority's comprehensive redevelopment strategy.
• Advise the CEO and Board of Commissioners on redevelopment opportunities, financing options, and real estate acquisitions.
• Identify opportunities to preserve, modernize, replace, or expand affordable housing inventory.
• Develop long-range capital investment and redevelopment plans.
• Recommend innovative housing and community development initiatives.

Real Estate Development

• Direct all phases of affordable housing development, including:
  • Site identification
  • Feasibility analysis
  • Master planning
  • Financing
  • Design
  • Construction
  • Lease-up
  • Asset stabilization
• Lead redevelopment of aging public housing communities.
• Manage developer partnerships and master development agreements.
• Coordinate environmental reviews, appraisals, surveys, and due diligence activities.

Financing & Capital Structuring

Lead financing strategies utilizing programs including:

• Low-Income Housing Tax Credits (LIHTC)
• RAD
• Section 18 Demolition/Disposition
• Faircloth-to-RAD
• HOME
• Community Development Block Grant (CDBG)
• HUD Choice Neighborhoods
• Federal Home Loan Bank programs
• Tax-exempt bonds
• Conventional financing
• Public-private partnerships
• Philanthropic and grant funding

Project Management

• Monitor budgets, schedules, development milestones, and project risks.
• Oversee architects, engineers, contractors, consultants, attorneys, and development partners.
• Ensure quality control throughout planning and construction.
• Resolve project issues to maintain progress.

Partnership Development

Develop and maintain relationships with:

• HUD
• TDHCA
• Local governments
• Financial institutions
• Investors
• Community organizations
• Developers
• Resident leadership groups

Regulatory Compliance

Ensure compliance with:

• HUD regulations
• Procurement requirements
• Environmental regulations
• Fair Housing
• Davis-Bacon
• Section 3
• NEPA
• Uniform Guidance
• State and local requirements

Executive Leadership

• Serve as a member of the Executive Leadership Team.
• Prepare Board presentations and redevelopment reports.
• Present redevelopment recommendations to the Board of Commissioners.
• Represent the Authority before community organizations and governmental agencies.

Minimum Qualifications

• Bachelor's degree in Real Estate, Urban Planning, Public Administration, Business Administration, Finance, Engineering, Architecture, Construction Management, or related field.
• Master's degree preferred.
• Minimum ten (10) years of progressively responsible experience in affordable housing development.
• Minimum five (5) years of executive or senior management experience.
• Demonstrated success leading large-scale affordable housing redevelopment initiatives.

Preferred Experience

Experience with:

• Public Housing Authorities
• HUD redevelopment programs
• LIHTC developments
• RAD conversions
• Mixed-finance transactions
• Faircloth developments
• Real estate acquisitions and dispositions
• Public-private partnerships
• Capital planning
• Construction management

Knowledge

Extensive knowledge of:

• Affordable housing finance
• Real estate development
• HUD regulations
• Asset management
• Construction administration
• Project management
• Financial modeling
• Tax credit transactions
• Public procurement
• Governmental contracting

Skills and Abilities

• Visionary strategic leadership
• Executive communication and presentation skills
• Financial analysis and underwriting
• Negotiation and relationship management
• Complex project management
• Team leadership
• Risk management
• Contract administration
• Problem solving
• Consensus building

Performance Expectations

The Vice President of Development will successfully:

• Develop and execute the Authority's redevelopment master plan.
• Secure financing necessary to modernize and expand the housing portfolio.
• Deliver redevelopment projects on time and within budget.
• Build strategic partnerships that maximize available resources.
• Preserve and increase affordable housing opportunities.
• Enhance resident quality of life through transformational redevelopment.
• Position the Housing Authority as a regional leader in affordable housing development.

Core Competencies

• Strategic Vision
• Leadership
• Accountability
• Innovation
• Collaboration
• Financial Stewardship
• Integrity
• Resident-Centered Decision Making
• Results Orientation
• Public Service Excellence

Mission Statement

The Vice President of Development is responsible for transforming aging housing communities into modern, sustainable, and vibrant neighborhoods that improve residents' quality of life while advancing the Housing Authority's long-term strategic vision and ensuring the responsible stewardship of public resources.

This description is structured for a medium-to-large housing authority anticipating a $100 million to $500 million+ redevelopment program. It aligns well with the Corpus Christi Housing Authority's strategic direction, including redevelopment of aging properties, use of RAD, LIHTC, Faircloth authority, and master developer partnerships. It can also be adapted to include measurable annual performance goals tied to project financing, units preserved or developed, and development pipeline milestones.

NOTE: The above statements are not a complete list of all responsibilities, duties and skills held or performed by employees in this position.