Vice President Real Estate

Rocky Mountain Mutual Housing Association Inc•Denver, CO

18d

About The Position

Rocky Mountain Communities (RMC) is a 32-year-old nonprofit that owns, manages, and develops affordable housing across Colorado. The organization’s mission is to build brighter futures by investing in resident-focused affordable housing and services to empower individuals and families to thrive. At RMC, we believe that offering supportive and life enhancing services is the key ingredient of our communities. The VP of Real Estate Development will be a pivotal strategic partner in determining the long-term vision and setting the future course of the department and the organization. The Vice President of Real Estate Development is responsible for leading the originating, coordinating, and implementing all aspects of the development of affordable housing for the organization. Projects may include new construction, acquisition and rehabilitation, portfolio syndication, and joint ventures with other partners. This full-time position includes regular travel throughout Colorado to tour properties, attend meetings, and support organizational expansion, including developing and evaluating RMC staff, and supporting new real estate partnerships.

Requirements

Experience and background in all aspects of affordable housing and multifamily project development from acquisition through construction completion.
Experience with complex, multi-layered capital stacks and complex developments that include commercial/residential condominium structures in the range of $20M - $100M.
Working knowledge and experience with local, state and federal housing financing programs; including HCD programs, HOME, Low Income, Housing Tax Credits, and Tax-Exempt Bonds.
Working knowledge of the state and local entitlement and public approvals processes
Previous supervisory experience
Knowledge of and sensitivity to the concerns and needs of lower income families and individuals.
Ability to conduct financial analysis and budget preparation.
Strong oral and written communication, interpersonal and conflict-resolution skills
Effective public presentation skills.
Ability to work in and lead project teams and to work with a wide variety of individuals.
Computer skills including word processing and spread sheets for financial analysis required.
Excellent organizational and problem-solving skills
Solid connections to leading brokers, general contractors and design firms in the local market.
Must be able and willing to travel and attend evening and weekend meetings as requested.
Bachelor’s Degree (B.A.) or equivalent; Master’s Degree (M.A.) or equivalent in Business, Planning or similar applicable degree is desired but not required.
Minimum 10 years related experience or an equivalent combination of education and experience in the sourcing and development of multifamily or affordable housing.
A passion for development required.
Must have reliable automobile transportation and a valid Colorado Driver’s License and insurance.

Nice To Haves

Must be able to wear several hats from sourcing, acquisitions, entitlements, development and project management.
Driven ability to hop on the phone and make things happen.
Comfortable putting out fires and pivoting focus when necessary.
Excellent organizational and written communication skills
Creative problem-solving abilities with high tolerance for ambiguity.
Solid time management skills with the ability to prioritize and work independently on a wide variety of tasks.
Strong familiarity with computer software including, Microsoft Word and Excel; ability to create and manipulate spreadsheets.
Excellent communication (verbal and written), decision-making, interpersonal, negotiation, conflict resolution and time management skills.
Ability to calmly work under pressure and successfully meet deadlines.
Ability to communicate and interface professionally and sensitively to staff, board, residents and public.
Flexible, creative, well-organized.
Strong analytical and problem-solving skills.
Must be able and willing to travel to all company locations to carry out duties and responsibilities.
Experience working with diverse groups, i.e., staff, residents, outside contacts.
Commitment to the companies’ goals and philosophy.

Responsibilities

Assists in formulating department strategy.
Initiates location and evaluation of potential project sites and properties.
Negotiates acquisition agreements and leads due diligence process.
Leads team responses to RPQs and RFPs, grant proposals and funding applications.
Conducts preliminary feasibility analyses and organizes critical community support.
Researches and secures sources of predevelopment, construction, and permanent financing from public and private sources.
Works with public agencies to assure timely public review and approval including environmental and other entitlement reviews.
Identifies members of the development team and negotiates contracts with architects, contractors and engineers.
Prepares and monitors project budgets, cash flow projections and project schedules.
Oversees design and construction management to ensure attention given to special-user needs, project budget, timelines, and lender/investor requirements.
Makes public presentations on behalf of RMC at external project and policy meetings.
When necessary, takes the lead for hiring and orientation of new development.
Facilitates training and technical support for development team members.
Prepares written report material and grant applications and makes presentations before public bodies and community groups.
Leads Board Development Committee meetings and reports regularly to the Board of Directors.