Vice- President of Real Estate Development

3 months ago

Kensington, United States Housing Opportunity Com Full time
Job DescriptionJob DescriptionVice-President of Real Estate Development

The Housing Opportunities Commission of Montgomery County (HOC) was established in 1974 to better respond to the County’s need for affordable housing. HOC is authorized to acquire, own, lease, and operate housing; to provide for the construction or renovation of housing; obtain financial assistance from any public or private source to assist its housing activities; and arrange for social services, resident services, and daycare.

Job Description:

This is an executive-level professional management position responsible for supervising the performance of the Real Estate Development division, managing the organization’s real estate development portfolio, executing on HOC’s current and future pipeline of transactions, and participating in Executive Staff deliberations. This position reports to the Senior Vice President, Real Estate.

The person in this position requires an intensive knowledge of all aspects of housing development, of the principles and practices of multi-family real estate, and of capital raising and financial structuring. The incumbent has full and final responsibility for the work effort and will be evaluated in terms of the effectiveness of advice and influence on overall HOC programs and goals.

Responsibilities:

  • Will be responsible for the work of electrical, plumbing, carpentry, appliance maintenance and repairs and correct minor structural problems.
  • Perform preliminary estimate of materials, time, and labor necessary to complete a job and is responsible for leading others by providing instruction, guidance, and cross-training of employees in skills of the trade.
  • Perform other related duties as assigned.

Minimum Qualifications

Experience:

  • At least 10 years of increasingly responsible experience in the field of developing housing, including housing for low- and moderate-income households. At least three years of supervisory experience involving professional-level employees.

Education:

  • Graduation from an accredited college or university with a related field. Master's degree in a related field preferred.
  • An equivalent combination of education and experience may be accepted

Essentials Duties& Responsibilities:

  • Perform basic troubleshooting and repairs to heating and air conditioning equipment.
  • Oversee project managers in all phases of design and development; developing feasibility analyses; obtaining local approvals; developing and revising proformas; and managing the design, financing, and construction phases;
  • In conjunction with the Senior Vice President of Real Estate, identify new acquisition, renovation, and new construction projects to maintain and expand the development pipeline;
  • Negotiate the purchase of land;
  • Negotiate the purchase of existing apartment buildings;
  • Identify all necessary construction and permanent project funding sources;
  • Negotiate final and monitor the execution of financing terms with capital partners, including partnership agreements and loan documents;
  • Negotiate financial assistance from county, state, and federal sources for HOC developments;
  • Facilitate partnerships among developers, community-based organizations, capital partners, and governmental partners;
  • Comply with all procurement requirements in selecting project design and development professionals;
  • Maintain adequate division resources; including ready access to design, development, and financing professionals via project-specific and pooled procurements;
  • Make final decisions on all budget submissions for the Development Division;
  • Attend Executive Staff meetings;
  • Provide leadership, mentoring, professional guidance, direction, and supervision to division team members; including development, administrative, and construction personnel;
  • Manage the progression of all development projects including gaining board approval and the timely preparation of board materials;
  • Make presentations to the Commission on individual projects as well as on division initiatives;
  • Participate in meetings with the County Executive, County Council, and County Planning Commission;
  • Testify before the County Council;
  • Represent HOC on panels and in legislative communications on matters related to the business of the agency;
  • Develop new legislative program initiatives and regulatory amendment suggestions;
  • Coordinate with the Chief Financial Officer; Chief Development Funds Officer; and directors of Asset Management, Property Management, and Maintenance across the lifecycle of development projects and in evaluating the existing portfolio for reinvestment.
  • Meet with Executive Staff at HOC, other HOC staff, employees of other public agencies, consultations, and employees of private organizations as required to share information, resolve problems, agree upon courses of action, or to otherwise arrive at appropriate processes to create acceptable outcomes as a result of above duties;
  • Perform other related duties as assigned.

* Salary Range: Exec 02- Salary determined by departmental budget- Offer commensurate with experience

HOC is an equal opportunity employer committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to sex, race, color, age, national origin, religion, disability, genetic information, marital status, sexual orientation, gender identity, gender reassignment, citizenship, immigration status, protected veteran status, or any other basis prohibited under applicable federal, state or local law. HOC promotes a drug-free workplace.

HOC conducts criminal background checks, employment reference checks, and where applicable, reviews driving records to determine employment suitability. Selected applicants will be required to submit to pre-employment drug and alcohol screening. Employment is contingent upon drug and alcohol test results.

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