Vice President of Development

About the role

This is a rare opportunity to shape an organization from the ground up while overseeing an impressive 8-year LIHTC development pipeline focused on creating housing for underserved communities. This is not a role for someone who wants to step away from development. The ideal candidate is a seasoned LIHTC professional who enjoys being in the details—underwriting opportunities, structuring complex capital stacks, mentoring project managers, and bringing projects from concept through completion.

Responsibilities

• Serve as the operational leader of the development department while remaining actively involved in every stage of the development process.
• Create scalable processes, file structures, workflows, and best practices from the ground up.
• Evaluate new development opportunities and determine which projects are worth pursuing while the President focuses on sourcing new deals.
• Lead affordable housing developments from acquisition through financial closing, construction, and occupancy.
• Structure complex capital stacks utilizing LIHTC equity, tax-exempt bonds, public subsidies, grants, and other financing sources.
• Underwrite opportunities, perform feasibility analyses, conduct due diligence, and manage development budgets.
• Manage relationships with lenders, tax credit investors, state housing finance agencies, municipal partners, consultants, and legal teams.
• Standardize development policies, underwriting templates, risk management practices, and reporting across the department.
• Mentor and develop a growing team of Project Managers, providing the senior leadership and coaching they've been missing.
• Maintain and expand a long-term development pipeline across multiple markets.
• Represent the organization before government agencies, public officials, community stakeholders, and financing partners.

Requirements

• 10+ years of affordable housing development experience.
• Extensive experience leading LIHTC developments, particularly 9% new construction.
• Proven success managing projects from acquisition through stabilization.
• Deep knowledge of LIHTC financing, tax-exempt bonds, public funding sources, grants, and layered capital stacks.
• Strong underwriting and financial modeling experience.
• Experience managing development budgets of up to $50M.
• Proven success negotiating acquisitions, financing, entitlements, and public approvals.
• Experience building or improving operational processes and development systems.
• Proven leadership experience mentoring project managers and building high-performing teams.

Qualifications

• Passion for affordable housing and the communities it serves.
• Ability to balance strategic planning with hands-on project execution.
• Comfortable in a fast-paced, entrepreneurial environment where priorities shift quickly.
• Belief that strong financial performance is essential to achieving a meaningful social mission.

Benefits

• Opportunity to build an entire development department from the ground up.
• To join a financially stable nonprofit with strong public and private partnerships.
• To help shape the future of affordable housing across multiple high-growth markets.
• To make a measurable impact while working alongside a collaborative executive team committed to sustainable growth.

Pay

Competitive salary commensurate with experience.

Schedule

Hybrid position located in the Northeast US with required travel to the NYC office monthly.