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Vice President of Real Estate & Investments Development

Salary
Competitive
Employment
Full Time
Work Place
Office
Real Estate Field
Location
Houston
 TX
Postal Code
77057
Country
United States

This job is no longer active.

Description


GENERAL SUMMARY

The Vice President of Real Estate Investments & Development (REID) manages the REID Department of the Houston Housing Authority under the Senior Vice President (SVP) direction. The VP of REID shall be active in all affordable housing development and modernization phases, including selecting developable sites, analyzing potential acquisitions, conceptualizing projects, obtaining appropriate financing, and ensuring projects are completed on time and within budget. It includes oversight of all housing development and modernization initiatives.  Responsible for strategic development, planning, and implementation of large-scale community revitalization projects.  Oversees all new housing development, capital improvement programs, Capital Funds Program (CFP), Low Income Housing Tax Credit Program, and energy savings performance contracts. Performs a variety of managerial tasks involving the operation of housing developments. Reports to the Senior Vice President.

 

PRINCIPAL DUTIES AND RESPONSIBILITIES

  • Envisions and identifies viable, affordable housing developments and collaborates with the Senior Vice President, President & CEO, and Board of Directors on decisions to prioritize certain development projects and invest HHA resources and seek out new resources.
  • Selects, trains, directs, manages, motivates, and evaluates Planning and Community Development personnel. Provides or coordinates staff training:  works with employees to correct deficiencies; plans and direct department's work plan; meets with staff to identify and resolve problems; assigns projects and programmatic areas of responsibility; reviews and evaluates work methods and procedures; and ensures compliance with applicable federal, state, and local laws, codes, and regulations.
  • Sets short-term and long-term goals for the HHA portfolio.
  • Advocates for affordable housing by giving public presentations, participating in community and public policy groups, attending conferences, and staying informed of public policies affecting affordable housing.
  • Represents HHA at public hearings related to land use and design; meets with neighborhood groups on project-related information.
  • Assists in preparing information, reports, and recommendations for the Board of Commissioners and prepares Resolutions for Board action.
  • Develops methods of communication with residents for input into and concerns regarding modernization.
  • Collaborates with and supports other HHA departments by utilizing effective lines of communication. Works closely with Senior Leadership to leverage and maximize cross-department collaboration and approaches.
  • Administers the relocation process of all residents requiring relocation due to capital improvements.
  • Administers regulations and directives as required by HUD.
  • Develops proforma capital development and operating budgets and financing applications that incorporate many different financing sources.
  • Coordinates the submission of due diligence to government agencies, lenders, and investors.
  • Monitors the expenditures of modernization and new development funds for compliance.
  • Develops, revises, expands, and/or updates Housing Authority policies and procedures regarding capital improvements and real estate development.
  • Formulates plans and procedures, establishes deadlines, requires reports, analyzes problems, and develops solutions for all construction-related activities.
  • Assists in and coordinates the preparation and timely submission of the Real Estate Investments and Development (REID) budget and amendments and monitors expenditures during the year.
  • Serves as the Contracting Officer for all architectural, engineering, and construction contracts.
  • Responsible for monitoring the process of all design & construction-related consultants. Monitors construction process by negotiating construction documents and contracts, monitoring construction progress and resolving conflicts, overseeing draws, and monitoring construction costs and budget.
  • Coordinate financial closings, cost certification, 8609s, and conversion.
  • Examines business development programs for possible integration into the department's program.
  • Works on year-end financial reports and other year-end close-out tasks submitted to HUD.
  • Plans and delegates work to personnel involved in new and ongoing development efforts. Monitors the design and construction teams responsible for architectural services in the design of housing complexes and monitors developers' and contractors' progress and performance.
  • Develops and implements a system for reporting project progress.
  • Attends and participates in professional group meetings and keeps abreast of new trends and innovations in housing assistance programs. Monitors continuing changes in HUD policies and procedures and local sector housing market conditions.
  • Performs other duties as assigned.

 

KNOWLEDGE, SKILLS, AND ABILITIES

  • Demonstrate expertise in affordable housing developments. Experience having led and closed at least two LIHTC transactions.  Knowledge of Section 42 regulations required.
  • Success at real estate development, acquisition and preservation, and generation of developer fees and revenue when compared against approved project completion schedules and Board approved budget limits.
  • Comprehensive knowledge of the modern principles, practices, and techniques pertaining to the management of affordable housing programs.
  • Comprehensive knowledge of the relationship between the Authority and federal, state, and local jurisdictions and their abilities to provide funds or other support to the Authority and PHA operating policies and procedures regarding such relationships.
  • Knowledge of federal affordable housing programs, focusing on public housing, Section 8 tenant-based and project-based voucher programs, Project-Based Section 8 Multi-family Rental Assistance (PBRA), Community Development Block Grant (CDBG), including CDBG-Disaster Recovery, HOME, is preferred.
  • Considerable knowledge of community organizations, institutions, groups, agencies, and business firms.
  • Skills in personal computer software packages such as word-processing and spreadsheets and generating development proformas.
  • Skills for meeting and dealing with the public and other bodies and presenting information clearly, organized, and convincing.
  • Ability to negotiate developer agreements, land, and real estate contracts.
  • Knowledge of federal procurement is preferred.
  • Ability to relate and interact with people of diverse social and economic backgrounds.
  • Ability to deal effectively with situations that require tact and diplomacy yet firmness.

 

COMPLEXITY / SCOPE OF WORK

  • The employee must perform a wide variety of tasks, ranging from routine to complex and unrelated.
  • Work needing to be done must be identified, coordinated, integrated, prioritized, and accomplished using a variety of tasks or assignments.
  • The Vice President of REID must make regular decisions involving usual and unusual circumstances, conflicting data, or other non-routine occurrences.
  • Decisions and issues facing the employee involve multiple organizational units.
  • The employee's work affects other employees, Authority residents, various departments of city and county government, and numerous business firms, organizations, institutions, and agencies in the community.
  • The quality of the employee's assistance to the Senior Vice President and President & CEO is reflected directly in accomplishing the Authority's goals and objectives.

 

GUIDELINES

  • Other than the established policies and procedures and traditional employment practices, few written guidelines cover these situations. When the Vice President of REID makes decisions that are not covered by guidelines, the Vice President of REID will generally consult the supervisor of some other authority, develop new guidelines, or decide based on the circumstances and past experience.
  • Good judgment is required.

 

SUPERVISORY CONTROLS

  • The employee receives general instructions from the SVP and then develops the sequence and timing of activities based on objectives, priorities, and deadlines established.
  • Generally, instructions from the SVP are broad, though there are intermittent occasions when the Vice President of Real Estate Investments & Developments (REID) receives specific instructions.
  • The Vice President of Real Estate Investments & Developments initiates and follows through on routine activities without supervisory direction.
  • Problems or situations not covered by instructions are dealt with independently or in consultation with the supervisor.
  • The Vice President of REID's work is reviewed regularly for adherence to policies and attainment of objectives.
  • The employee provides direction and instructions to subordinates.
  • The Vice President of REID monitors the work of subordinates for accuracy, completeness, conformity to policy, and achievement of goals or objectives and evaluates employee job performance.

 

PERSONAL CONTACTS

  • Contacts are primarily with other Authority employees, the Board of Commissioners, federal, state, and local governmental officials, representatives, banking institutions, and community agencies.

 

PHYSICAL DEMANDS / WORK ENVIRONMENT

  • The physical demands described here represent those that an employee must meet to perform the essential functions of this job successfully. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
  • While performing the duties of this job, the employee is frequently required to maintain a stationary position, operate computers and other office equipment, move about the office, attend onsite and offsite meetings, and communicate. The employee must accurately exchange information in person, in writing, and via e-mail and telephone.  The employee must occasionally transport up to 10 pounds.
  • The work environment characteristics described here represent those an employee encounter while performing this job's essential functions. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
  • The noise level in the work environment is usually moderate. May be frequently required to travel to perform construction site visits, which may require the use of safety equipment.

 

MINIMUM QUALIFICATIONS

  • Four (4) year degree in Business, Construction Management, Public Administration, or other field related to position duties from an accredited college or university, and four (4) years progressive management experience, or a combination of education and experience.
  • Three (3) years in a leadership role planning and developing affordable housing in the public or private sector, or an equivalent combination of experience and education.
  • A Housing Management Certificate is preferred.
  • Bondable
  • Valid Texas driver's license.
  • Eligibility for coverage under Agency fleet auto insurance.

DISCLAIMER

The above statements describe the general nature and level of work being performed by people assigned to this classification. They are not intended to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified.

 
 

Experience


5+ to 7 years


This job is no longer active.

Development Government/Education Houston Full Time TX Capital Markets, Construction, Development Vice President of Real Estate & Investments Development other