VP of Real Estate Development

The mission of Jubilee Housing is building diverse, compassionate communities that create opportunities for everyone to thrive. Since 1973, Jubilee has worked to provide high quality affordable housing and holistic support to those experiencing persistent economic hardship in the Adams Morgan and Columbia Heights neighborhoods of Washington D.C. Jubilee operates more than a dozen properties totaling more than 500 homes and has an active development pipeline of several hundred new affordable housing units in progress, including a integration of a first in kind aquaponics farm.

Jubilee also offers robust programming for residents and community members as they pursue life goals.

Jubilee Housing is an innovator in financing affordable housing and a responsible steward of the investments it receives. Jubilee produces Justice Housing® which is affordable to those with few financial assets, located in neighborhoods where resources such as good schools, grocery stores, and publicوبا transportation are readily accessible and near services that support as they pursue educational and career attainment. перевоз Jubilee is seeking individuals who want to work with us to ensure Justice Housing becomes a reality for all who need it.

The Vice President of Real Estate Development is the executive in charge and responsible for all aspects of the real estate development process for the organization. It manages a team of internal and third‑party real estate professionals, responsible for project development from inception to stabilized operation, overseeing acquisition, financing and rehabilitation of affordable housing projects and commercial spaces dedicated to resident programs and services.

Development activities include helping to identify and assess purchases or development proposals, analyzing housing needs and identifying opportunities suitable for Justice Housing development, assessing project feasibility, performing due diligence, assembling the necessary financing using a variety of public and private sources, and overseeing design and construction services. This position will work closely with outside agencies, tax credit syndicators, the District Government, and assist in and oversee the preparation of funding applications to these and other entities.

This position will serve as a liaison with Jubilee’s asset management and property management functions regarding building turnover and stabilization.

• Oversees the life cycle of the real estate pipeline
• Manages production of applications and documentation necessary for debt and equity financing, property purchase and sale, and government subsidy renewal
• Prepares and analyzes pro-forma financial spreadsheets, income statements, project development and operating budgets and other relevant financial analyses of low-income housing and other real estate developments.
• Coordinates underwriting and due diligence with lenders and investors
• Works with counsel to negotiate all real estate transaction related documents, including purchase and sale documents, loan documents, equity investment agreements, and operating agreements of all types
• Responsible for the management of day-to-day project activities to meet project schedule, quality, and budget objectives
• Initiates and administers bid process for selection of Architects, General Contractors and other project professionals
• Monitors project safety and enforces company standards
• Coordinates delivery of cost certifications, production of 8609’s, and other close out items
• Efficient working knowledge of MS Office and real estate data subscription services, strong underwriting skills and knowledge of affordable housing financial pro-forma modeling systems.
• Ability to obtain market and demographic information and analyze that information.
• Ability to read, analyze, and interpret reports, technical procedures, real estate financing documents and contracts, and governmental regulations.
• Strong attention to detail.
• Ability to effectively manage and oversee work of others and hold them accountable, enforcing performance improvement plans when necessary.
• Ability to work independently and…