Vice President - Capital Development & Asset Management

ASSOCIATION FOR INDIVIDUAL DEVELOPMENT•Elgin, IL

2d•Hybrid

About The Position

The Association for Individual Development (AID) is a long-standing, mission-driven nonprofit empowering individuals with developmental, intellectual, physical, and mental health challenges to live lives of dignity, independence, and purpose across the greater Fox Valley and surrounding Illinois communities. Since 1961, AID has provided comprehensive, person-centered services spanning behavioral health care, crisis outreach, developmental disability support, employment services, community integration, and permanent supportive housing for thousands of children and adults. Today, AID’s impact is visible not only in the lives it touches but in the breadth of its presence across the region. Services are delivered within and through 70 buildings, including affordable housing apartments, single-family homes, community day centers, clinics, and programmatic and administrative spaces. In 2025 alone, AID served 4,800 individuals through these programs, supported by a dedicated team of nearly 750 employees committed to strengthening communities through inclusive care and stable living environments. To learn more, please visit: https://www.aidcares.org Job Summary: The VP – Capital Development & Asset Management will play a crucial role in ensuring the success and sustainability of AID properties and other assets while maintaining compliance with relevant regulations. This role is responsible for ensuring that property and other assets are well-maintained and financially optimized. Duties include the development and implementation of property and other asset management policies, procedures, and best practices to optimize operational efficiency. This role involves collaborating with various stakeholders, including government agencies at all levels, community partners, and internal teams, to ensure the successful implementation of housing and building projects, as well as strategic oversight fleet management, procurement and purchasing as well as financing of these projects. Additionally, this position will perform various tasks as directed by the President & CEO. This job position may have some work components that can be performed remotely. Remote work arrangements are not a right or entitlement of employment. They are discretionary and subject to demonstrated performance and operational needs. Approval may be rescinded at any time at the sole discretion of management.

Requirements

Bachelor’s Degree in Business Administration, Real Estate, Finance, Construction Management, or a related field required.
8+ years of progressive in real estate development, affordable housing, asset management, or capital planning.
Demonstrated executive-level oversight of capital planning, asset preservation, and long-term portfolio strategy.
Proven experience ensuring compliance with Fair Housing laws and federal housing regulations, including HUD 811, HOME, and other applicable funding sources.
Experience overseeing tenant selection plan compliance and mitigating regulatory and legal risk across a multi-site portfolio.
Demonstrated ability to lead cross-functional teams, manage external vendors, and represent the organization in regulatory, audit, and funding agency environments.
Advanced proficiency in Microsoft Excel for budgeting, financial tracking, and data analysis, along with strong Microsoft Word skills for preparing reports and formal documents.
Knowledge of project management required
Ability to conduct property and facility site visits, including walking properties, climbing stairs, accessing mechanical areas, and occasionally lifting or moving items weighing up to 50 pounds as part of facility oversight.
Position requires the use of the employee’s personal automobile, a valid driver’s license, and the minimum amount of automobile liability insurance as defined by AID’s personnel policies.
Position requires the use of the employee’s cell phone.

Nice To Haves

Master’s degree (MBA or related advanced degree) strongly preferred.
Fair Housing Certification required at time of hire or must be obtained within six (6) months of hire as a condition of continued employment.
Relevant industry credentials (e.g., Property Management, Asset Management, Housing Compliance, or Development certifications) preferred.
Government regulatory experience highly preferred.

Responsibilities

Oversee the day-to-day operations of residential and commercial properties, including tenant relations, lease management, and maintenance.
Oversees funding compliance on all housing and programmatic properties including HOME, CHDO, LIHTC, SRN, HUD 811, Project Based Vouchers, NSP, RHSP/LTOS, and other grant and governmental resources.
Oversee the financial performance of the properties, including budgeting, expense control, and revenue generation.
Manage all waiting lists, tenant selection plans, and affirmative marketing plans across all programs.
Monitor and ensure compliance with HUD regulations, LIHTC program requirements, and all applicable federal, state, and local laws. Manage HUD/IHDA/Other audits / compliance monitoring. Serve as primary liaison during IHDA, HUD, and third-party compliance audits.
Conduct regular property inspections to assess property condition, safety, and overall appearance.
Supervise Maintenance Department (which includes Fleet Management) to ensure properties are well-maintained and necessary repairs are promptly addressed.
Address and resolve tenant concerns, complaints, and legal issues in a timely and professional manner.
Supervise procurement and purchasing / delivery of basic foods, cleaning and office supplies, furniture and other applicable items.
Work with President & CEO to identify, plan, and capital stock development for housing and/or facility development. Includes public relations, and developing relationships with local, state and federal elected officials.
Maintain on-going compliance with all agency-related training and certification requirements.
Serve as a role model for teamwork and group problem solving across all agency departments.
Promote AID among co-workers, clients and our communities.
Complete additional related duties as assigned by the President & CEO.