VP of Development
| Company | NRP Group |
|---|---|
| Location | New York, NY, USA, White Plains, NY, USA |
| Salary | $160000 – $185000 |
| Type | Full-Time |
| Degrees | |
| Experience Level | Senior |
Requirements
- 5+ years of multifamily real estate development experience
- Knowledge of development best practices
- Specific knowledge of 4% and 9% LIHTC underwriting and application
- Strong written communication skills
- Experience in public presentations to elected / appointed government bodies
- Proficient in Excel and PowerPoint
- Demonstrated ability to create and execute successful projects completed on or ahead of schedule, on budget, with high quality and significant community impact
- Strong negotiating and internal/external collaboration skills
- Sound political judgement
- Desire to cultivate a regional public profile (e.g. through participation in panels, presentations to public and community boards, etc.)
Responsibilities
- Source and maintain a pipeline of land for new development
- Review, gain, and maintain thorough comprehension of the QAP
- Identify and originate desirable LIHTC multifamily development opportunities (pre-construction) in the identified target markets
- Develop, manage, and nurture relationships with landowners, brokers, and other deal source networks
- Maintain productive relationships with architects, attorneys, engineers, government officials, vendors and community partners to originate and execute multifamily projects
- Collaborate with project team to prepare timely submission of low-income housing tax credit (“LIHTC”) applications to state agency
- Manage public approvals process for proposed developments
- Lead zoning entitlements and site plan approvals for development projects
- Demonstrate a clear understanding of the application schedule and pre-submission milestones needed for successful application
- Engender trust and respect of partners (both for-profit and nonprofit), L.P.’s, consultants, and third-party professionals to create responsive and effective partnerships
- Attend specific LIHTC industry committee meetings and training seminars to solidify relationship with housing finance agencies and keep abreast of changes / opportunities
- Ensure that colleagues on the development team are completing their project-related tasks in a timely manner, according to the project timeline
- In consultation with regional SVP of Development, formulate strategy for development initiatives as a whole and projects individually, make recommendations on future project pursuits.
Preferred Qualifications
- Existing relationships with personnel within relevant state / county / municipal agencies is a plus
- Desire to form and strengthen relationships with relevant agencies