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Vice President of Real Estate Development - San Francisco California
Company: Habitat for Humanity Greater San Francisco Location: San Francisco, California
Posted On: 05/03/2024
VICE PRESIDENT OF REAL ESTATE DEVELOPMENTSalary: $175,634 - $204,458/year DEOIf interested please apply directly: https://grnh.se/a62203706usWhat We Do:Come be part of the affordable, homeownership movement! Join us and make an impact on people's lives! Habitat for Humanity Greater San Francisco believes in the power of homeownership to create generational impact. To this end, we build homes for first-time homeowners and sustain homeownership by helping homeowners retain their home as an asset for generations to come.Your Impact:The Vice President of Real Estate Development (VPRED) leads and executes Habitat for Humanity Greater San Francisco's core strength - building and preserving homeownership through the development of multi-unit, single family and through the repurposing of existing structures, while aligning with HGSF's development ethos to ensure our success in one of the most expensive real estate markets in the United States.The VP of Real Estate Development (VP of RED) will report directly to the Chief Executive Officer (CEO). The VP of RED will lead and develop a team of experienced real estate project development staff including a director, several project managers, and a public funding team. This role will be responsible for the strategy and delivery of current HGSF projects. As new projects are contemplated, the VP of RED will develop budgets and site plans, identify project exposures, develop risk management strategies, and build contingency plans to reduce or eliminate project risks. This role will also coordinate with the CEO to manage relationships with city and county partners, and our private sector partners.The VP of RED will oversee and ensure excellent execution of the real estate development pipeline, from acquisition, through entitlements, financing, and construction. To be successful in the role, candidates must have a sincere passion for addressing the affordable housing crisis in the San Francisco Bay Area.Primary Responsibilities:Real Estate Development, Finance and Construction (60%) - Leads the Real Estate Development team in the evaluation and execution of multiple development and rehab projects.
- Supervises and actively engages with the team to achieve all phases of real estate development on time and on budget, including but not limited to, design, pre-development and entitlements building permits and analytics, and the development of project pro formas.
- Works closely with the Vice President of Construction (VPC) to ensure seamless execution across the project portfolio, from site acquisition to close and sale of the units.
- Oversees project financing, including:
- Manages preparation of debt and equity financing applications for each assigned development
- Approves and monitors development and pro forma operating budgets throughout the development process.
- Negotiates draft loan documents in collaboration with the Chief Finance Officer (CFO).
- Ensures that all federal, state, and local government regulations are met, and all required approvals obtained.
- Secures capital for the development of affordable housing from municipal, state, and federal agencies (including New Market Tax Credit opportunities).
- Leads Community Engagement and Project Approvals Process:
- Manages entitlement/zoning and permitting processes, as well as related community input and approval processes while establishing and maintaining strong relationships with community stakeholders.
- Represents HGSF, in concert with CEO, before city officials, public agencies, community groups, lenders and funding sources and officials from other jurisdictions and organizations regarding the community's housing and neighborhood development needs, goals, and policies.Project Pipeline Oversight, Development and Acquisitions (25%)
- Assures the project pipeline advances in accordance with approved schedules and budgets:
- Oversees, finalizes and maintains project budgets and timelines.
- Manages and maintains development schedules to ensure timely completion of development milestones through closing.
- Manages the daily coordination and communication with the architect, general contractor, consultants, and city building and planning departments to ensure projects stay on track.
- Manages the City, County and State approval processes as required.
- Conducts needs assessments and feasibility studies as applicable to determine project requirements, space needs, options, and cost estimates.
- Works collaboratively and closely with the Board of Directors Real Estate-Finance-Construction committee to evaluate new opportunities to build affordable homeownership homes.
- Conducts due diligence and feasibility analysis for potential site/property development, including producing proformas and creating written project documents, and coordinates due diligence activities.
- Evaluates public and private project financing sources; recommends project financing structure to Finance Department and CEO.
- Apprises the CEO, HGSF Board of Directors and the Executive Team of the status of the development pipeline.
- Works closely with the CFO and Vice President of Fund Development to develop the organization's long-range capital needs, reserve, and capital budget requirements.Strategy-Setting (10%)
- Leads and manages a creative, rigorous, and inclusive process to set strategic priorities within the context of the Strategic Plan -- and monitor progress against them -- for the Real Estate Development and Construction teams.
- Collaborates on and, at times, leads organization-wide initiatives that address interplay between HGSF's growth goals and the role of real estate and construction.Systems, Organization, & Other Duties as Assigned (5%)
- As a member of HGSF's Executive Team, confers periodically with department leaders to assess the status of assigned areas of responsibility, resolve problems, and establish procedures to promote a more efficient operation.
- Supports the CEO in advocating for policy positions that will help advance the organization's impact and mission.Minimum Qualifications:
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