SVP, Real Estate Development

Enterprise Community Partners•Baltimore, MD

1d•$220,000 - $255,000•Hybrid

About The Position

The Senior Vice President, Real Estate Development (SVP) will provide overall leadership for the Development Department's Maryland and Washington, DC, activities, based in Baltimore and Bethesda offices. This role requires a passion for Enterprise Community Development's (ECD) mission, substantial experience in affordable housing financing and development (including new construction and renovation using Low Income Housing Tax Credits), and significant experience managing large, interdisciplinary real estate teams. The SVP will direct and support project team leaders in acquisition, entitlement, zoning, and public approvals, ensuring accountability for design, construction, and consultant teams. The ideal candidate will be able to generate development deal flow and cultivate key government, financing, and community relationships, preferably with existing connections in Maryland and DC-area counties. The SVP must develop a regional strategy for the Maryland and DC regions, identifying opportunities, anticipating challenges, and securing resources. This includes evaluating the political and economic environment to develop strategic recommendations for the regions and for the Development Department as a whole, in concert with the Executive Vice President, Head of Real Estate Development. The role involves diversifying and increasing development financing tools and strategies by identifying new capital partners and navigating complex public-private partnerships. The SVP will also collaborate with the EVP on the Development Department's strategy and multi-year business plan, requiring strong leadership, organizational, real estate, communication, relationship management, financial, and strategic planning skills. A proven track record in the affordable housing field, business plan creation and execution, independent work, multi-tasking, and prioritization are essential.

Requirements

Substantial experience in affordable housing financing and development, including the new construction and renovation of affordable housing using Low Income Housing Tax Credits.
Significant experience managing large, interdisciplinary real estate teams.
Ability to generate development deal flow.
Ability to cultivate and maintain key government, financing, and community relationships.
Capability of developing a regional strategy for ECD’s Maryland and DC regions, including identifying opportunities, anticipating challenges, and authoring the means to secure the former and overcome the latter.
Ability to evaluate the local, state, and Federal political and economic environment and develop strategic recommendations.
Capability of diversifying and increasing the development financing tools and strategies used by pipeline transactions by identifying and securing new capital partners and navigating complex public-private partnerships and political environments.
Strong leadership skills.
Strong organizational skills.
Strong real estate skills.
Strong communication skills.
Strong relationship management skills.
Strong financial skills.
Strong strategic planning skills.
Established track record, within the affordable housing field, of business plan creation and execution.
History of excellence working independently, multi-tasking and prioritizing.

Nice To Haves

Existing relationships with the State of Maryland, Baltimore City, Baltimore County, Howard County, and Montgomery County.

Responsibilities

Provide senior leadership to the Development Department’s Maryland (MD) and Washington, DC (DC), regions.
Lead the MD/DC development team in refining and executing a regional strategy that advances ECD’s multi-year business plan, including clear direction on resource building, relationship development, transaction selection, staffing allocations, and brand building.
Deliver annually to the EVP a complete, executable regional strategy and provide interim revisions as necessary.
Foster a mission-driven and performance-driven culture to achieve ECD’s mission and revenue objectives.
Foster a positive culture that reflects and advances our culture strategy, ensuring behaviors and practices that strengthen connection, inclusion, and a shared sense of purpose across the organization.
Participate in the refinement of the Development Department’s operational infrastructure, including practices and systems, to achieve company goals and foster excellent results.
Collaborate with other department leaders to refine interdepartmental communications, systems, and practices to promote best practices and outcomes.
Serve as a member of the Development Department’s Senior Leadership Team, providing strategic and operational input on new initiatives and opportunities.
Ensure staff cultivate and maintain key government, financing, and community relationships through a well-organized relationship management system.
Guide staff in managing key stakeholder communications and achieving high standards of transparency and responsiveness.
Represent ECD in high-level meetings with equity investors, lenders, government officials, and community groups.
Maintain a substantial and visible presence in the affordable housing and real estate industries to enhance the company’s profile and bring new contacts and business opportunities to ECD.
Promote staff participation in affordable housing and related industry membership and advocacy organizations.
Stay abreast of trends, policy changes, new programs, and risks affecting the affordable housing industry.
Manage the internal review and approval processes to ensure development proposals are well-structured, feasible, and consistent with ECD’s mission, values, and underwriting and quality standards.
Provide strategic and operational input on new initiatives and opportunities, including geographic and development type expansion.
Provide the EVP with recommendations and guidance based on successes, failures, and data-informed trends within the MD/DC region.
Collaborate with the EVP to consider and develop action plans, evaluate staffing, develop relationships, and raise resources for transactions outside the MD/DC region.
Grow Enterprise brand throughout the footprint to pave way for future growth and impact.
Foster strong relationships within Enterprise Community Partners and its other divisions to effect local, state, and national policy outcomes that expand the ability to produce housing for both ECD and the industry, improve project finance efficiency, improve access to capital, and produce a greater diversity of housing production and preservation methods.
Oversee production of internal reports including management and board reports.

Benefits

Annual performance bonuses
Generous paid leave programs
Dental, health, and vision care plans
Family-building benefits such as adoption and surrogacy support
Flexible work arrangements
Health advocacy
Employee Assistance Program (EAP)
Mental health benefits
Financial education
Wellness programs
Auto-enrollment in the company’s 401(k) plan with employer matching contributions
Learning and development opportunities, including tuition reimbursement for job-related courses and certifications