VP of Development

Kittle Property Group•Indianapolis, IN

About The Position

The Vice President of Development provides strategic leadership and oversight for a portion of the company’s affordable housing development activities, primarily multifamily developments using 4% Low-Income Housing Tax Credits (LIHTC) and bonds. The position leads and manages Development Directors and a Director of Real Estate Closings & Entitlements, ensuring the department maintains a strong, diversified, executable development pipeline aligned with annual and long-term growth objectives. The Vice President works with the SVP to establish development strategies, assess the quality and viability of pipeline opportunities, oversee development execution, manage team priorities and resources, and ensure developments progress toward financial closing in accordance with company objectives, budgets, schedules, and risk parameters. The role provides direction, oversight, accountability, and strategic support throughout the development process, while fostering a culture of accountability, collaboration, problem-solving, and continuous improvement. The position represents KPG in industry organizations and maintains relationships with federal and state agencies, public housing authorities, community-based organizations, and other public and private industry partners. It requires a strong working knowledge of affordable housing financing and regulations, including LIHTC, Qualified Allocation Plans, and tax-exempt bond financing. Travel of up to 10% is required. Ongoing professional development, including leadership development, is required.

Requirements

Bachelor’s degree required.
At least 10 years of experience in affordable housing.
Demonstrated strong leadership skills.
Section 42 Low-Income Housing Tax Credit development experience.
Ability to evaluate complex development opportunities and identify key risks and opportunities.
Broad knowledge of community needs and intergovernmental relationships.
Exceptional ability to form interpersonal relationships with external entities, including government agencies, State Housing Agencies, service providers, and qualified 501(c)(3) organizations.
Ability to read, write, interpret, and analyze business publications, technical procedures, and government regulations; write and interpret reports, correspondence, and manuals; and present effectively to groups.
Ability to work with internal rate of return, net present value, valuation metrics, fractions, percentages, ratios, and proportions.
Ability to solve problems with a variety of concrete variables where only general guidelines exist and interpret written, oral, diagrammatic, or scheduled instructions.
Advanced experience with Microsoft Office.
Ability to work as a team player, multitask, and remain flexible.
Willingness to travel up to 10% of the time.

Nice To Haves

Master’s degree preferred.
Personally identified sites, received affordable housing financing through 9% or 4% credits, and closed at least ten developments is strongly preferred.

Responsibilities

Lead, motivate, and develop direct reports; recruit, onboard, and train team members as positions become available.
Set expectations, performance standards, goals, and priorities for Development Directors and the Director of Real Estate Closings & Entitlements, and monitor performance against development and closing goals.
Ensure team members are accountable for their development pipelines, milestones, and closing objectives.
Regularly review the development pipeline and timelines with team members, providing direction on priorities, risks, opportunities, and next steps.
Identify ways to maximize team performance and generate a pipeline that meets or exceeds corporate objectives.
Evaluate development feasibility in collaboration with the SVP and other departments.
Maintain visibility into short- and long-term development pipelines and anticipated closings.
Help resolve complex issues and remove obstacles that may affect feasibility or closing.
Ensure Development Directors effectively evaluate and pursue federal, state, and local funding sources.
Conduct weekly one-on-one meetings and additional check-ins to review development work, including market and site identification, contract negotiations, zoning and rezoning, deal structuring and underwriting, partner relationships, application coordination, design, and permitting.
Ensure consistent use of development systems, tracking tools, reporting processes, and documentation standards.
Oversee team workstreams and provide backup coverage as needed.
Review financial feasibility, including pro forma, profitability, and internal rate of return analyses.
Review internal and external financing packages, including Investment Committee, LIHTC, tax-exempt bond, HOME, CDBG, FHLB/AHP grants, construction and permanent financing, and equity syndication or other appropriate funding sources.
Foster accountability, collaboration, problem-solving, and continuous improvement.
Represent KPG and participate in state membership organizations.
Maintain working relationships with federal and state agencies, public housing authorities, community-based organizations, and other private and public agencies in the industry.
Maintain knowledge of LIHTC regulations, Qualified Allocation Plans, tax-exempt bond financing, and other affordable housing financing programs.
Attend selected State Housing Agency conferences and networking events based on business and pipeline needs.
Perform other duties as assigned.