Vice President Real Estate

Rocky Mountain Communities (RMC) is a 32-year-old nonprofit that owns, manages, and develops affordable housing across Colorado. The organization's mission is to build brighter futures by investing in resident-focused affordable housing and services to empower individuals and families to thrive. At RMC, we believe that offering supportive and life enhancing services is the key ingredient of our communities. The VP of Real Estate Development will be a pivotal strategic partner in determining the long-term vision and setting the future course of the department and the organization.

The Vice President of Real Estate Development is responsible for leading the originating, coordinating, and implementing all aspects of the development of affordable housing for the organization. Projects may include new construction, acquisition and rehabilitation, portfolio syndication, and joint ventures with other partners. This full-time position includes regular travel throughout Colorado to tour properties, attend meetings, and support organizational expansion, including developing and evaluating RMC staff, and supporting new real estate partnerships.

JOB REQUIREMENTS:

• Assists in formulating department strategy.
• Initiates location and evaluation of potential project sites and properties.
• Negotiates acquisition agreements and leads due diligence process.
• Leads team responses to RPQs and RFPs, grant proposals and funding applications.
• Conducts preliminary feasibility analyses and organizes critical community support.
• Researches and secures sources of predevelopment, construction, and permanent financing from public and private sources.
• Works with public agencies to assure timely public review and approval including environmental and other entitlement reviews.
• Identifies members of the development team and negotiates contracts with architects, contractors and engineers.
• Prepares and monitors project budgets, cash flow projections and project schedules.
• Oversees design and construction management to ensure attention given to special-user needs, project budget, timelines, and lender/investor requirements.
• Makes public presentations on behalf of RMC at external project and policy meetings.
• When necessary, takes the lead for hiring and orientation of new development.
• Facilitates training and technical support for development team members.
• Prepares written report material and grant applications and makes presentations before public bodies and community groups.
• Leads Board Development Committee meetings and reports regularly to the Board of Directors.

KNOWLEDGE, SKILLS AND ABILITIES

• Experience and background in all aspects of affordable housing and multifamily project development from acquisition through construction completion.
• Experience with complex, multi-layered capital stacks and complex developments that include commercial/residential condominium structures in the range of $20M - $100M.
• Working knowledge and experience with local, state and federal housing financing programs; including HCD programs, HOME, Low Income, Housing Tax Credits, and Tax-Exempt Bonds.
• Working knowledge of the state and local entitlement and public approvals processes
• Previous supervisory experience
• Knowledge of and sensitivity to the concerns and needs of lower income families and individuals.
• Ability to conduct financial analysis and budget preparation.
• Strong oral and written communication, interpersonal and conflict-resolution skills
• Effective public presentation skills.
• Ability to work in and lead project teams and to work with a wide variety of individuals.
• Computer skills including word processing and spread sheets for financial analysis required.
• Excellent organizational and problem-solving skills
• Solid connections to leading brokers, general contractors and design firms in the local market.
• Must be able and willing to travel and attend evening and weekend meetings as requested.

EDUCATION and/or EXPERIENCE

• Bachelor's Degree (B.A.) or equivalent; Master's Degree (M.A.) or equivalent in Business, Planning or similar applicable degree is desired but not required.
• Minimum 10 years related experience or an equivalent combination of education and experience in the sourcing and development of multifamily or affordable housing.
• A passion for development required.

PREFERRED SKILLS and/or ABILITIES

• Must be able to wear several hats from sourcing, acquisitions, entitlements, development and project management.
• Driven ability to hop on the phone and make things happen.
• Comfortable putting out fires and pivoting focus when necessary.
• Excellent organizational and written communication skills
• Creative problem-solving abilities with high tolerance for ambiguity.
• Solid time management skills with the ability to prioritize and work independently on a wide variety of tasks.
• Strong familiarity with computer software including, Microsoft Word and Excel; ability to create and manipulate spreadsheets.
• Excellent communication (verbal and written), decision-making, interpersonal, negotiation, conflict resolution and time management skills.
• Ability to calmly work under pressure and successfully meet deadlines.
• Ability to communicate and interface professionally and sensitively to staff, board, residents and public.
• Flexible, creative, well-organized.
• Strong analytical and problem-solving skills.
• Must be able and willing to travel to all company locations to carry out duties and responsibilities.
• Experience working with diverse groups, i.e., staff, residents, outside contacts.
• Commitment to the companies' goals and philosophy.

LANGUAGE SKILLS

Ability to read, analyze, and interpret common scientific and technical journals, financial reports, and legal documents. The ability to respond to common inquiries or complaints from customers, regulatory agencies, or members of the business community. Ability to effectively present information to top management, public groups, and boards of directors.

MATHEMATICAL SKILLS

Ability to work with mathematical concepts such as probability and statistical inference, and fundamentals of plane and solid geometry. Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations.

REASONING ABILITY

Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.

CERTIFICATES, LICENSES, REGISTRATIONS

Must have reliable automobile transportation and a valid Colorado Driver's License and insurance.

WORK ENVIRONMENT

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. The noise level in the work environment is usually moderate. While this position may occasionally be remote, it is an in-person, leadership role responsible for building team cohesion and contributing to the overall culture of the organization.

The above list of job duties is not exclusive or exhaustive and the job holder will be required to undertake such tasks as may reasonably be expected within the scope and level of the position.

Equal Opportunity

Rocky Mountain Community, Inc. is an at-will and equal opportunity employer and seeks to employ and assign the best qualified personnel in a manner that does not discriminate based on race, color, religion, gender, marital status, age, national origin, physical or mental disability, sexual orientation, veteran/reserve and National Guard status or any other status or characteristic protected by law.