Vice President of Real Estate Development
Company: Habitat for Humanity Greater San Francisco
Location: San Francisco
Posted on: May 2, 2024
Job Description:
VICE PRESIDENT OF REAL ESTATE DEVELOPMENTSalary: $175,634 -
$204,458/year DEOIf interested please apply directly:
https://grnh.se/a62203706usWhat We Do:Come be part of the
affordable, homeownership movement! Join us and make an impact on
people's lives! Habitat for Humanity Greater San Francisco believes
in the power of homeownership to create generational impact. To
this end, we build homes for first-time homeowners and sustain
homeownership by helping homeowners retain their home as an asset
for generations to come.Your Impact:The Vice President of Real
Estate Development (VPRED) leads and executes Habitat for Humanity
Greater San Francisco's core strength - building and preserving
homeownership through the development of multi-unit, single family
and through the repurposing of existing structures, while aligning
with HGSF's development ethos to ensure our success in one of the
most expensive real estate markets in the United States.The VP of
Real Estate Development (VP of RED) will report directly to the
Chief Executive Officer (CEO). The VP of RED will lead and develop
a team of experienced real estate project development staff
including a director, several project managers, and a public
funding team. This role will be responsible for the strategy and
delivery of current HGSF projects. As new projects are
contemplated, the VP of RED will develop budgets and site plans,
identify project exposures, develop risk management strategies, and
build contingency plans to reduce or eliminate project risks. This
role will also coordinate with the CEO to manage relationships with
city and county partners, and our private sector partners.The VP of
RED will oversee and ensure excellent execution of the real estate
development pipeline, from acquisition, through entitlements,
financing, and construction. To be successful in the role,
candidates must have a sincere passion for addressing the
affordable housing crisis in the San Francisco Bay Area.Primary
Responsibilities:Real Estate Development, Finance and Construction
(60%)
- Leads the Real Estate Development team in the evaluation and
execution of multiple development and rehab projects.
- Supervises and actively engages with the team to achieve all
phases of real estate development on time and on budget, including
but not limited to, design, pre-development and entitlements
building permits and analytics, and the development of project pro
formas.
- Works closely with the Vice President of Construction (VPC) to
ensure seamless execution across the project portfolio, from site
acquisition to close and sale of the units.
- Oversees project financing, including:
- Manages preparation of debt and equity financing applications
for each assigned development
- Approves and monitors development and pro forma operating
budgets throughout the development process.
- Negotiates draft loan documents in collaboration with the Chief
Finance Officer (CFO).
- Ensures that all federal, state, and local government
regulations are met, and all required approvals obtained.
- Secures capital for the development of affordable housing from
municipal, state, and federal agencies (including New Market Tax
Credit opportunities).
- Leads Community Engagement and Project Approvals Process:
- Manages entitlement/zoning and permitting processes, as well as
related community input and approval processes while establishing
and maintaining strong relationships with community
stakeholders.
- Represents HGSF, in concert with CEO, before city officials,
public agencies, community groups, lenders and funding sources and
officials from other jurisdictions and organizations regarding the
community's housing and neighborhood development needs, goals, and
policies.Project Pipeline Oversight, Development and Acquisitions
(25%)
- Assures the project pipeline advances in accordance with
approved schedules and budgets:
- Oversees, finalizes and maintains project budgets and
timelines.
- Manages and maintains development schedules to ensure timely
completion of development milestones through closing.
- Manages the daily coordination and communication with the
architect, general contractor, consultants, and city building and
planning departments to ensure projects stay on track.
- Manages the City, County and State approval processes as
required.
- Conducts needs assessments and feasibility studies as
applicable to determine project requirements, space needs, options,
and cost estimates.
- Works collaboratively and closely with the Board of Directors
Real Estate-Finance-Construction committee to evaluate new
opportunities to build affordable homeownership homes.
- Conducts due diligence and feasibility analysis for potential
site/property development, including producing proformas and
creating written project documents, and coordinates due diligence
activities.
- Evaluates public and private project financing sources;
recommends project financing structure to Finance Department and
CEO.
- Apprises the CEO, HGSF Board of Directors and the Executive
Team of the status of the development pipeline.
- Works closely with the CFO and Vice President of Fund
Development to develop the organization's long-range capital needs,
reserve, and capital budget requirements.Strategy-Setting (10%)
- Leads and manages a creative, rigorous, and inclusive process
to set strategic priorities within the context of the Strategic
Plan -- and monitor progress against them -- for the Real Estate
Development and Construction teams.
- Collaborates on and, at times, leads organization-wide
initiatives that address interplay between HGSF's growth goals and
the role of real estate and construction.Systems, Organization, &
Other Duties as Assigned (5%)
- As a member of HGSF's Executive Team, confers periodically with
department leaders to assess the status of assigned areas of
responsibility, resolve problems, and establish procedures to
promote a more efficient operation.
- Supports the CEO in advocating for policy positions that will
help advance the organization's impact and mission.Minimum
Qualifications:
- 10+ years in the affordable housing real estate development
field
- Demonstrated track record of leading all aspects of the real
estate development process, with securing funding, including new
market tax credits, tax exempt bonds, state/federal housing
programs, and mixed-financed deals.
- Hands-on experience taking multifamily housing projects through
the entire development, finance, and construction process.
- Expert level written and verbal communication skills that
reflect an ability to lead staff, perform and prioritize multiple
tasks seamlessly with excellent attention to detail, and build
relationships with a wide variety of stakeholders.
- Ability to supervise or collaborate with consultants, lenders,
attorneys, architects, engineers, contractors, and others.
- Success building and leading a team of talented and mission
impact driven people, advancing their skills and retaining their
talent.
- Must be able to travel within HGSF's tri-county service area (
SF, Marin, San Mateo)
- Must be able to pass background check (In accordance with state
and county law: convictions do not necessarily rule out employment,
it depends on the nature and severity of the conviction and is
evaluated on a case by case basis, check is conducted on last 7
years only.)Work Environment:This job operates in a professional
office environment. This role routinely uses standard office
equipment such as computers, phones, photocopiers, and filing
cabinets.Physical Demands:This is a largely sedentary role;
however, some filing is required. This would require the ability to
lift files, open filing cabinets, and stand or bend as necessary.
Must be able to travel within HGSF's service
area.Benefits:Compensation for this role is competitive, DOE. This
full-time position offers medical, dental and vision insurance,
life insurance, long-term disability, employee assistance program
(EAP), Flex Savings Account (FSA), 403b retirement account,
commuter benefits, 20 paid vacation days, 3 front loaded sick days
(accrue up to 72 hours per year), and 13 paid holidays.EEO: Habitat
Greater San Francisco is an equal opportunity employer. Habitat
Greater San Francisco strives to reflect the diverse community it
serves. Applicants who contribute to this diversity are strongly
encouraged to apply. Reasonable accommodation is available for
qualified individuals with disabilities, upon request.Habitat GSF
receives federal funds through Self-Help Homeownership Opportunity
Program (SHOP) and is required by federal law, to the greatest
extent possible, to provide job training and employment
opportunities to Section 3 residents. *Section 3 residents are
defined as public housing residents or low-income persons who live
in metropolitan area or non-metropolitan counties where
HUD-assisted projects are located.
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Keywords: Habitat for Humanity Greater San Francisco, San Francisco , Vice President of Real Estate Development, Accounting, Auditing , San Francisco, California
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