VP Development (Affordable Housing)

SCI, the Leader in Real Estate Executive Search®, has been retained by a Miami-based affordable housing investment and development firm to recruit a VP of Development — a role that carries full ownership of 4% LIHTC rehab deals from structuring, application, closing, development execution, construction, and conversion to permanent financing.

Our client is an entrepreneurial developer, with a history of transacting in 13 states and developing 12,000 units. Role based in Miami office 3 days/wk.

Reporting directly to leadership, you'll run your own deals end to end as an individual contributor — the driving force behind each transaction, and the primary point of contact for lenders, syndicators, housing finance agencies, general contractors, and property management.

Responsibilities:

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• 4% LIHTC transactions across the full development life cycle — bid and RFP/RFA response, underwriting support, acquisition, closing, construction, and stabilization
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• Bid packages and agency applications — project narratives, development budgets, schedules, and RFA materials
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• Tax-exempt bond and 4% credit execution — allocation, carryover, placed-in-service, cost certification, and Form 8609
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• Schedules and budgets through construction and lease-up, and the full conversion to permanent financing
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Experience:

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• affordable housing development execution, with direct 4% LIHTC and tax-exempt bond experience
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• A track record managing transactions from bidding through acquisition and conversion
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• Working command of the affordable housing capital stack and fluency reading development budgets, sources-and-uses, and operating pro formas
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• Bonus: HUD/RAD or Section 8 experience, Florida Housing Finance Corporation familiarity, and professional Spanish
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