Vice President of Construction Management

Vice President – Construction Management

About ACRUVA Capital Partners
Founded in 2020, ACRUVA Capital Partners (ACP) is a boutique, real estate investment and development firm based in Deerfield Beach, Florida, with additional operations in San Juan, Puerto Rico. ACP operates through a joint venture structure, partnering with ADC Communities (a Walker & Dunlop subsidiary) to finance, develop, and preserve affordable multifamily housing across the U.S. and Puerto Rico.

Mission & Vision
ACP aims to expand access to safe, stable, and healthy housing for extremely low- to moderate- income families, elderly individuals, and those with special needs  Their vision is to build resilient, sustainable, equitable rental communities by using innovative technologies to reduce costs and accelerate delivery timelines.

Position Summary
The Vice President of Construction Management will report directly to the President and Chief Development Officer and together with the VP of Development and VP of Finance will manage all construction-phase activities for the Company’s affordable housing development portfolio (primarily LIHTC-funded new construction and preservation projects). This role provides strategic and operational leadership of the construction management function, ensures adherence to regulatory and funding program requirements (HUD, LIHTC, Section 3, Davis-Bacon, etc.),

drives schedule and cost performance, coordinates with development, finance, asset management, third- party consultants and general contractors, and supports process improvements, PCOs, CO, RFIs, risk mitigation and quality assurance across the portfolio.

This position requires deep knowledge of affordable housing development and construction management in multifamily residential projects, government regulatory compliance (especially HUD, Davis-Bacon, Section
3), proficiency in construction contracts, change-order management, drawdown processes, general contractor oversight, construction safety, and collaboration across internal and external stakeholders.

Strategic & Leadership Responsibilities

• Provide senior leadership, vision and direction for the construction management organization within ACP — establishing policies, procedures, best practices, standard operating protocols and documentation frameworks to ensure consistent, high-quality project delivery across multiple simultaneous developments.
• Partner with senior leadership (Development, Finance, Accounting) to integrate construction management strategy into overall development planning (pre-development, procurement, financing, entitlements, design, construction, lease-up, conversion).
• Serve as a key member of the project executive leadership team and represent ACP in construction-related discussions with joint-venture partners, lenders, equity syndicators, public agency stakeholders, general contractors, design professionals and local jurisdictions.

Project & Construction Oversight

• Oversee all construction-phase activities for each assigned development (new construction and preservation) funded with LIHTC and other affordable housing sources, from groundbreaking through final completion, stabilization and hand-off to property and asset management.
• Establish and monitor construction schedules, baseline budgets, milestone tracking, critical
  path management, identifying and proactively addressing delays or cost overruns.
• Manage the general contractor selection process with support from the development team: RFP/RFQ issuance, prequalification, bidding, contract negotiation, contract execution, construction schedule and cost negotiations, value-engineering reviews, and trade contractor oversight.
• Oversee construction contract administration: review and execute contract documents, change orders, contingency management, and maintain an accurate and auditable trail of documentation (contracts, subcontracts, draws, lien waivers, certificates of occupancy, punch lists, warranties).
• Monitor and approve monthly construction pay applications, draw-downs, pay-when-paid or pay-if-paid requirements, general contractor requests, and ensure alignment with the project financing requirements and regulatory draws…