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VP-Real Estate Development

Company: Bandwidth
Location: Seattle
Posted on: March 20, 2023

Job Description:

- -Vice President-Real Estate Development - YMCA of Greater Seattle -Our Mission: Building a community where all people, especially the young, are encouraged to develop their fullest - potential in spirit, mind, and body. -At YMCA of Greater Seattle (YGS), we work as leaders in service to the needs of our local community encompassing - health, childcare, safety, wellness, nutrition, and even transitional housing for youth and young adults. The passion and - purpose of our employees, volunteers, donors, and collaborating organizations, working together, have made our work - possible and with a deep and valuable impact for over 146 years. We've prided ourselves in being a mission-focused, - equity-driven, valued-based organization with core values that embrace respect, caring, honesty, responsibility, and a - passion for excellence with a big heart for our community. YGS is more than a mission - it's a movement powered by an - unwavering, shared belief that everyone deserves equitable opportunities in life to develop and realize their full - potential in spirit, mind, and body. For more information, visit - -The Role: -We are seeking an experienced, equity-minded executive leader with a proven track record in overseeing real estate - development activities, both new construction and rehabilitation of older buildings, and land development. The position -will have full responsibility for the development of Real Estate including construction of all projects. This executive will - seek development opportunities and direct due diligence efforts, provide consultation to the CEO, secure financing, -ensure compliance with various programs, agencies and lenders, analyze asset management efforts, and lead - coordination collaboration efforts between real estate development and internal and external stakeholders. -Additionally, this executive will direct all real estate development operations including coordinating financial - applications for both capital and operating funds, securing acquisition, pre-development, construction and permanent financing. - -This position reports to the President and CEO and works in a highly collaborative environment with other members of - the Senior Leadership Team (SLT). The right leader will enjoy working in a fast-paced environment and leading with the - highest level of integrity, honesty, and courage. - -Key Responsibilities: -

-Provide visionary thought leadership to the senior leadership team to support the development and execution of -short and long-term strategic goals, future growth opportunities, best practices, and other organizational objectives.Coordinate all pre-development activities, internally and with partners and consultants, including, but not limited to, -community outreach and notification. Identify and advance cross-functional collaboration opportunities within YGS and its partners. - -Demonstrated knowledge of Low-Income Housing Tax Credit (LIHTC) processes and activities, New Market Tax - Credits, and other tax credits and non-traditional funding sources and models. - - -Structure project ownership models in collaboration with YGS leadership and legal counsel.Responsible for advancing projects through all stages of development, including pre-development, construction -closings, construction, and permanent conversion. -Keep projects on schedule and on budget. - - -Report on construction progress and costs ensuring successful timely project completion in coordination with the -CEO and CFO. - -Prepare real estate-related financial projections and analyses, including proforma projections of development and - operating budgets, assist with construction draw schedules, cash flow and reserve analyses, etc. Monitor project cash -flows during pre-development and construction, tracking project budgets and expenditures. Work in tandem with the - CFO to collaborate on financial projections and budgets. -
Assess capital needs of all predevelopment projects and spearhead the process of obtaining predevelopment loans. -Work with project managers to establish and update predevelopment budgets. -Negotiate critical documents for projects including letters of interest, loan documents, operating agreements, joint venture agreements, regulatory agreements, and other relevant project documents. -Work collaboratively in the development of new projects and the ownership and administration of the existing -portfolio. -Oversee preparation of responses to Requests for Proposals and Qualifications as well as all necessary funding applications. Coordinate with appropriate entities, including partners, government agencies, equity and debt - providers, and other private and non-profit entities. -Build and maintain positive and strategic relationships with community partners, including banks, investors, - government lenders and consultants such as general contractors, architects etc. -Ensure high quality project management and financial analysis on portfolio and third-party agreements. -Develop and implement comprehensive, centralized Association financial development systems, practices, plans, and - programs, including campaigns, foundation, and corporate grants, major gift program, planned/legacy giving, and -capital development, which result in the achievement of Association goals. -Directly prepare and deliver materials and presentations on controversial or complex topics that influence decision makers at high levels of foundations, government, community organizations, corporations, and across diverse - communities, presenting to various Committees, Elected Officials, Funders, Stakeholders, Board of Directors, and the - President & CEO, as requested. -Serve as primary staff liaison to the Development Committee and other assigned committees of the Board of - Directors and other key committees facilitating optimum interaction between management and volunteers. -Position Requirements: ---- Bachelor's degree in real estate development, urban planning, architecture, accounting, or related fields.--- Minimum seven (7) years progressively responsible executive management experience in non-profit real estate due -diligence, acquisition, development, re-development, and disposition, affordable housing, and real estate finance.--- Current or recent involvement with a non-profit or community-based housing organization along with a -demonstrated track record of success. - ---- Proficient at MS Outlook, Word, and Excel. - ---- Proficiency in financial modeling, with a focus on tax credit and public funded affordable housing projects --- Experience in negotiating lender agreements and terms ---- Experience in negotiating partnerships agreements with a tax credit investor, ability to communicate clearly the -obligations and risks across different departments in the Y organization. ---- Knowledge of public funding requirement for affordable housing ---- Ability to manage a design team and provide guidance for a cost-effective design. ---- Knowledge of construction contracts and the construction process ---- Highly effective public speaking skills with experience in community outreach and public presentations --- Proven experience developing effective teams which deliver organization wide services. ---- Experience working effectively within a matrix, mission oriented, and diverse business environment. --- Ability to be proactive and capable of resolving complex problems expeditiously. ---- Experience in grant writing, entitlement processes and public sector funding. ---- Passionate about the affordable housing industry and sustainable building practices. ---- Excellent project management skills. Ability to manage and execute multiple critical priorities simultaneously. -Preferred Qualifications: - ---- Master's degree in real estate development, urban planning, architecture, accounting, or related fields. ---- More than ten (10) years' experience in an executive leadership position. ---- Experience leading Health and Wellness facility development/re-development with mixed use facilities. -Page 2 of 3 ---- Expert level experience working on a cross-functional leadership team in collaboration with a Board of Directors. --- Successful experience using City of Seattle's Housing Levy and State of Washington's Housing Trust Fund for multi family rental projects or similar funding vehicles. - ---- Knowledge of conservation easements, carbon credits, timber harvesting, mineral and water rights, cell tower leases, -etc. - ---- Deep experience and technical expertise in all aspects of affordable housing, real estate development, including -finance, entitlement, and design, construction, lease, and operations. -You'll get a lot from working with us at the Y - -Target Compensation: $153,846 - $200,000, in addition: - ---- Membership to the YMCA of Greater Seattle for you and your household - ---- Medical, Dental, Vision, and Life Insurance - ---- Retirement with a generous employer contribution of 12% of total compensation after two years with YGS --- Position is eligible for Annual Executive discretionary bonus plan up to 10% of base salary. --- Free access to mental health resources ---- Rapidly accruing paid time off (PTO) available immediately upon hire ---- Discounts on qualifying YMCA of Greater Seattle childcare and day camp programs ---- Hybrid Work Policy -Work Environment - -This job operates in a professional office environment and uses standard office equipment. This position is eligible for a - hybrid work environment with at least two days per week in the Downtown AO office is expected. - -This is a full-time position, and the hours of work and days are Monday through Friday, 8:00 a.m. to 5:00 p.m. Occasional - evening and weekend work may be required as job duties demand. - -We Value Diversity - -YGS is an equal opportunity employer and does not discriminate in employment on the basis of race, color, religion, sex - (including pregnancy), gender identity and/or expression, national origin, political affiliation, sexual orientation, marital - status, disability, genetic information, age, membership in an employee organization, retaliation, parental status, - military service or other non-merit factors. -The Y actively promotes a culture free from bias and injustice. We are dedicated to removing institutional and systemic - barriers that result in oppression and racism. We will be accountable to marginalized communities for creating equitable - and sustainable environments where social justice is woven into every facet of our programs and by caring for our - communities in a culturally versatile and respectful manner.Powered by JazzHR

Keywords: Bandwidth, Seattle , VP-Real Estate Development, Executive , Seattle, Washington

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