Vice President of Real Estate Development - San Francisco, CA, United States - Habitat for Humanity Greater San Francisco

Description

VICE PRESIDENT OF REAL ESTATE DEVELOPMENT
Salary: $175,634 - $204,458/year DEO

What 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.