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 https://www.seattleymca.org/. -
-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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