VP of Development POST NUMBER: 426481
Responsibilities:
- Lead the development process from inception to closing, which includes, but is not limited to site identification, contract negotiations, entitlement work, underwriting, site design, relationship building / management with development and agency partners, etc.
- Prepare and submit financing packages including Low-Income Housing Tax Credit, Tax Exempt Bond, HUD financing and other soft financing as needed and/or rental subsidy applications.
- Determine geographical and financial feasibility of new real estate opportunities.
- Overseeing the asset management of AMC’s senior housing and affordable assisted living communities.
- Complete real estate analysis, including site visits, preliminary internal market studies and utility availability research.
- Coordinate third party due diligence reports.
- Perform, coordinate and / or lead pre-development work such as preliminary architectural and engineering issues, zoning issues, and local government support.
- Participate in the completion of zoning, development plan, and other required applications to municipalities.
- Calculate financial feasibility of proposed developments including initial pro forma analysis.
- Complete various reports to state housing finance agencies and other funding sources as required.
- Coordinate with internal departments and external third parties to successfully deliver projects.
- Oversee the asset management of AMC’s affordable assisted living communities (AALCs).
- Identify and oversee the execution of acquiring new properties.
- Participate in the vetting of general contractors during the bidding process for new building/rehabilitation projects.
The ideal candidate will possess the following:
- Bachelor’s degree in business, Real Estate, Finance, Investments or related, required
- 5-10 years’ experience preparing and submitting financing packages for various project types
- Self-starter who is able to work with minimal supervision
- A team player with an ability to operate effectively in a fast-paced environment
- Ability to work on multiple projects simultaneously with frequent interruptions
- Low Income Housing Tax Credit application experience required
- Affordable Senior Housing Experience is highly preferred
- Excellent communication/interpersonal and listening skills
- Proficient computer, spreadsheet and math skills
- Must be available and able to travel
Vaco values a diverse workplace and strongly encourages women, people of color, LGBTQ+ individuals, people with disabilities, members of ethnic minorities, foreign-born residents, and veterans to apply.
EEO Notice
Vaco is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race (including but not limited to traits historically associated with race such as hair texture and hair style), color, sex (includes pregnancy or related conditions), religion or creed, national origin, citizenship, age, disability, status as a veteran, union membership, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, political affiliation, or any other protected characteristics as required by federal, state or local law.
Vaco LLC and its parents, affiliates, and subsidiaries are committed to the full inclusion of all qualified individuals. As part of this commitment, Vaco LLC and its parents, affiliates, and subsidiaries will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact HR@vaco.com .
Vaco also wants all applicants to know their rights that workplace discrimination is illegal.
By submitting to this position, you agree that you will be giving Vaco the exclusive right to present your as a candidate for the foregoing employment opportunity. You further agree that you have represented information about yourself accurately and have not affirmatively misrepresented your qualifications. You also agree to maintain as confidential, to the fullest extent permitted by law, any information you learn from Vaco about the position and you will limit disclosure of information about the position only to the extent necessary to perform any obligations in furtherance of your application. In exchange, Vaco agrees to exercise reasonable efforts to represent you through all solicitation, job screening and resume dispersal.
Privacy Notice
Vaco LLC and its parents, affiliates, and subsidiaries (“we,” “our,” or “Vaco”) respects your privacy and are committed to providing transparent notice of our policies.
- California residents may access Vaco’s HR Notice at Collection for California Applicants and Employees here.
- Virginia residents may access our state specific policies here.
- Residents of all other states may access our policies here.
- Canadian residents may access our policies in English here and in French here.
- Residents of countries governed by GDPR may access our policies here.
Pay Transparency Notice
Determining compensation for this role (and others) at Vaco depends upon a wide array of factors including but not limited to:
- the individual’s skill sets, experience and training;
- licensure and certification requirements;
- office location and other geographic considerations;
- other business and organizational needs.
With that said, as required by local law, Vaco believes that the following salary range referenced above reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure. The individual may also be eligible for discretionary bonuses.