Senior Director, Affordable Housing

Senior Director, Affordable Housing!

This position will serve the Volunteers of America (VOA) property portfolio in beautiful Colorado! The state is known for 300 days of sunshine a year, easy access to world class outdoor recreation, and an attractive location for people who value an active lifestyle and wellness. VOA is a national non‑profit and one of the largest owner and developers of affordable housing nationwide with a significant portfolio and pipeline in Colorado.

The Senior Director will lead the development of new and renovation of affordable housing projects by working with VOA staff and a team of talented consultants and contractors. Preference is for this individual to be in Colorado, or willing to relocate to Colorado.

Salary: $150,000- $160,000

• 403(b) Retirement Plan
• Pension Plan
• Paid Time Off (vacation, holiday & sick days)
• Quality training, continuing career education, scholarship opportunities, and leadership programs
• Employee Discount Program (car rental, wireless carriers, travel, etc.)

The Senior Director is responsible for leading a team in executing all areas of development of affordable housing with a focus on financial analysis, due diligence, policy research, site selection, entitlements, financing applications, and overall management of the entire development team/process from inception through permanent loan conversion, 8609’s and transition to asset management. Core measures of accomplishment include identifying new opportunities, successful closing of real estate development, acquisition, and/or preservation projects within budget, on schedule, and generation of developer fees/revenue compared to approved budgets.

• Work with the VP, Real Estate development and others to determine the strategic direction in geographic target areas and specific opportunities within those areas.
• Work with VOA affiliates in geographic areas to determine their strategic areas of focus and how VOANS housing development can assist them in meeting their goals.
• Develop and maintain strategic relationships with elected officials, brokers, other developers, property owners, city staff, and other key stakeholders.
• Look for partnership opportunities with other developers/housing authorities when strategically beneficial and respond to RFPs and RFQs.
• Source land opportunities, recommend sites for development, and negotiate Letters of Intent/Purchase & Sale Agreements with brokers/owners.

• Research affordable housing policy and local funding sources for opportunities.
• Track market trends, comparable properties, competitive landscape, and other affordable local housing dynamics.
• Lead the internal team and outside consultants including architect, engineer, environment, market analyst, and other consultants to complete due diligence, design, and permitting.
• Perform financial analysis using Microsoft Excel.
• Lead efforts to obtain entitlements and zoning where necessary.
• Lead and complete financial applications for various funding sources including tax credits, tax exempt bonds, project‑based vouchers, CDBG funds, tax exemptions, local soft funds, and other sources.
• Engage and direct legal counsel (internal and external) in the formation of new entities, closing documents, board resolutions, and other documents.
• Manage equity and debt relationships with external partners.
• Prepare DRC/RELC/VOANS Board committee applications and present them to internal committees for review and approval.
• Lead application and closing processes including equity, debt, soft funds, and due diligence closing checklists through closing.
• Lead and provide guidance to the development team members for all closing requirements.

• Supervise the general contractor, in conjunction with the construction manager or owner’s representative, through construction completion and the warranty period.
• Oversee construction loan, equity, and soft funding partner draws in conjunction with the accounting team.
• Provide direction and guidance and facilitate the transition from development to operations with housing management, accounting, asset management, and…