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Vice President of Real Estate and Asset Management

Location:New York, NY
Exempt/Non-Exempt:Exempt
Benefits:Full Benefits, including 90% employer-paid health insurance
Employment Type:Full Time
Department/Program:Central Office
Description:Reporting to the Executive Vice President/Chief Operating Officer, the Vice President for Real Estate and Asset Management is a key role. The VP is responsible for the strategic leadership and development of the real estate portfolio that is essential to our mission and for the planning and oversight of real estate development initiatives for housing projects and for asset management and investor relations. The VP represents Comunilife at real estate industry, government, community board, and supportive housing events, prepares statistical, analytical, and narrative reports, and plays an active role with the Board of Directors. S/he supervises the LIHTC Compliance Manager and the Housing Development Project Manager.

Knowledge and experience related to non-profit and contract-funded residential housing development is very important for this role.
Duties:Real Estate Development

• Assumes the lead in planning and coordinating Comunilife’s strategic housing development goals and objectives under the direction of the President/CEO and the EVP/COO
• Forecasts capital budget needs and manages the implementation and control of budgets related to real estate projects and assets
• Takes the lead role in the identification and review of potential sites for housing development, commercial development, and/or program initiatives (including office space)
• Identifies and coordinates funding strategies for potential construction projects and represents Comunilife in negotiations for purchases and financing in collaboration with the EVP/COO and attends closings
• Ensures compliance with all municipal regulations (e.g., building registrations), community, and neighborhood support and approvals including attending meetings related to housing development
• Develops strategies for partnering with others in the housing development, human services and business development communities to create opportunities and support for special-needs housing development
• Develops, maintains, leverages, and manage relationships with government entities and funders, real estate and supportive housing vendors, contractors, investors and others for the benefit of Comunilife
• Oversees the management of project construction and development
• Develops policies and procedures for vetting all vendors and consultants associated with real estate development and leads the selection of such vendors
• Reviews and ensures accuracy of all documents and materials for real estate closings and attend same
• Collaborates on housing-related business with other staff and contractors, such as third-party property management and other Comunilife staff involved in housing

Asset Management
• Creates Asset Management policies and procedures
• Ensures that updated asset status reports are maintained
• Plans and oversees management of the year 15 process for LIHTC properties
• Plans for and provides guidance in implementing the rehabilitation of existing housing properties
• Ensures that standardized client records are maintained in compliance with all investor policies and guidelines
• Understands current and anticipated federal, state, and local, regulatory requirements for property and financial assets and ensures that assets are compliant with regulatory standards
• Identifies risks to assets (potential failures); identifies consequences of asset failures; and plans for ways to minimize the consequences of failures
• Prepares reports for use internally and with others, including investors as needed and/or directed
• Work closely with Programs to meet the needs of clients and funding agencies
• Develops apartment rental policies and procedures and ensures compliance with them
• Maintains regular contact and obtain reports from property managers to assess performance
Qualifications:REQUIRED JOB QUALIFICATIONS:
Education and Experience Requirement(s):

• Minimum of five year’s work experience in residential new construction or rehab, construction management, or related field, economic or urban development
• Bachelor’s degree from an accredited college or university in related field
• Proven track record of developing partnerships with private and public sector financial institutions
• Experience in the development of multi-family affordable housing special needs and low-income populations
• Specific knowledge of tax credit compliance, asset management, OMH, HRA, Section 8, HUD, and HPD underwriting and bond issuance
• Possess initiative and the ability to work independently
• Demonstrated successful experience with affordable, multi-family housing debt and equity sources, including LIHTC
• Strong management skills
• Experience administering government-funded contracts


Knowledge, Skills, and Abilities Required:

• Business development acumen and demonstrated ability to be creative, proactive, and strategic
• Excellent oral and written communication skills; proficiency with MS Office and Google product suites
• Ability to perform and manage in a team approach
• Ability to handle complex challenges and balance multiple demands on time and attention
• Ability and willingness to perform all duties as workload necessitates
• Demonstrates flexible and efficient time management and ability to prioritize; effective in executing complex initiatives


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