Director of Housing Security Initiative

• Sobrato Real Estate & Development: TSOs Real Estate & Development group develops and operates worldclass office buildings apartment homes and mixeduse projects in highgrowth markets in the western United States. Its mission is to develop acquire own and operate profitable real estate projects that prioritize sustainable design the wellness of employees and benefit the communities in which they are located.
• Sobrato Capital: Sobrato Capital leverages TSOs investment expertise network capital resources and longterm investment horizon to generate superior investment returns that complement the success of the firms Real Estate & Development operations and build the resources of Sobrato Philanthropies. Its mission is to sustainably grow the organizations assets in support of TSOs broader business and philanthropic goals while serving as a partner of choice for investments.
• Sobrato Philanthropies: Three generations engage in grantmaking advocacy and impact investing globally and through a collective strategy work to improve the Silicon Valley region by supporting thriving communities. The mission of Sobrato Philanthropies (SP) is to partner with communities to meet immediate needs address systemic barriers and pursue social justice to build a more equitable and sustainable world.

KEY FACTS

• TSO has developed over 21 million square feet of R&D and office buildings and 10000 apartment units. The firms current portfolio of real estate consists of 14 million square feet of office and multifamily properties 100 owned by the Sobrato Family without institutional partners.
• Sobrato Capital a diversified portfolio of public and private investments was started in 2009 to diversify the familys holdings and manage the growing endowment of Sobrato Philanthropies. Sobrato Capital also has cumulative impact investment commitments totaling $450 million across TSO and affiliated external entities.
• Since its founding and due to the success of the Real Estate and Capital enterprises Sobrato Philanthropies has donated cash real estate and free office space totaling nearly $1.5 billion dollars and is currently granting $100 million annually. TSO has been the largest donor to the Silicon Valley region for many years and has a diverse portfolio of work led by individual family members.
• Today 62 nonprofit agencies receive free office space in Sobrato Centers for Nonprofits totaling 350000 square feet in Palo Alto Milpitas San Jose and Redwood City.
• Today there are four multifamily communities in the Housing Security Initiative portfolio totaling 360 units in Santa Clara Hayward Redwood City and Daly City.

• Integrate for impact taking a disciplined approach to operationalizing how the family leverages all of its assets for positive impact.
• Build a dynamic organization that is able to engage all owners across generations and attract and retain top talent from outside the family at all levels of the organization.

THE OPPORTUNITY

The Sobrato Organization and Sobrato Philanthropies seek an experienced affordable housing leader with expertise in affordable housing finance and operations real estate and community development to serve in the newly created Director Housing Security Initiative (HSI) position.

The Director will lead the implementation of the Housing Security Initiative (HSI) including program design monitoring evaluation and learning and program refinement; financial analysis and impact assessment; and stakeholder engagement. The ideal candidate must have expertise and a track record of success in affordable housing finance and operations real estate and community development knowledge of existing local state and federal regulations (e.g. regulatory agreements property tax and welfare exemption knowledge) and a sophisticated understanding of the Bay Area affordable housing ecosystem.

The Sobrato Organization (TSO) is at an exciting inflection point as it works to align its business and philanthropic goals toward collective social impact. Sobrato Philanthropies (SP) bold Theory of Impact is based on the understanding that housing security is critical to building thriving communities and intersects closely with other key SP issue areas: Economic Mobility Educational Equity for multilingual learners and Climate Action.

The Housing Security Initiative (HSI) is the first piloted effort to unite TSOs enterprise through this vision leveraging assets across Sobrato Philanthropies Sobrato Real Estate and Sobrato Capital to preserve and produce affordable housing and advance prohousing policies. The Director will evolve this work from initial pilot projects to create structures for scale within a complex family business.

This fulltime exempt position is based in Mountain View CA. TSO has designated Mondays Tuesdays and Thursdays of each week as Core Collaboration days where all employees are expected to be present in the office to facilitate a sense of community and belonging among employees and allow for inclusive collaboration within and among teams.

• Lead strategic refinement and scaling of HSI advancing preservation production and prohousing policy.
• Ensure effective implementation of the overall HSI strategy tied to the Theory of Impact and monitoring evaluation and learning framework including:
  1. Partner with SP staff to implement monitoring and evaluation plans and systems to demonstrate program impact and effectiveness of investments.
  2. Use datadriven insights to monitor refine and improve program strategies continuously.
  3. Document processes approaches and learnings to codify elements of the Initiative for scale and replication.

• Manage the implementation of crossTSO (real estate capital and philanthropies) contributions to the overall Housing Security Initiative including:
  • Collaborate with and solicit input and collective experience from all teams while independently driving end results.
  • Convene coordinate and plan HSI meetings and working groups.
  • Ensure alignment and coordination on HSIrelated acquisitions investments and grants while navigating complex crossorganization working dynamics accompanying a new initiative.
  • Build systems processes procedures and tools to facilitate efficiency transparency and communication.

• Provide program management and oversight of the HSI scorecard budget deliverables impact data and communications.
• Oversee the welfare tax exemption application process for projects within the HSI portfolio.

Financial Analysis and Impact Assessment 30

• Review the financial analyses for HSI real estate acquisitions impact investments and grants ensuring financial stewardship is in alignment with social impact goals.
• Analyze and effectively present the relative economic and social impact of affordable housing initiatives.

• Develop systems and processes or leverage existing ones to surface key HSI impact data in a replicable manner.
• Contribute compelling annual data to enhance TSOs storytelling degree of influence and ability to communicate clearly.
• Lead the assessment of economic and social impacts showcasing the deliverables of our initiatives in enhancing community wellbeing.

Internal and External Stakeholder Engagement 20

• Support TSO leadership with content expertise in affordable housing finance compliance and policy.
• Synthesize present and communicate financial and housingrelated content in a straightforward manner to facilitate thoughtful discussion and decisionmaking by the Executive Leadership Team Governance Board and the Family Owners Council.
• Foster positive relationships with internal stakeholders including the Board and external philanthropic partners.
• Collaborate and network effectively with external stakeholders including government agencies developers nonprofits and community members to wield collective wisdom and insight for program refinement.
• Ensure diverse equitable and inclusive practices are implemented by elevating community voices through robust engagement strategies. Ensure that TSOs housing initiatives align organically with local needs and cultural sensitivities.
• Understand the broader systems that impact housing security and economic mobility including social and political factors and embed analysis into recommendations.
• Develop community partnerships with residents and nonprofit partners to deliver relevant communications communitybuilding opportunities programs and services at TSOs affordable multifamily properties.

Other Responsibilities 10

QUALIFICATIONS

• 10 years of experience operating in a leadership capacity with one or more of the following institutions:
  1. An affordable housing developer community development organization housing/homelessness nonprofit or related organization
  2. A real estate development/management business
  3. A philanthropic or impact organization or other nonprofit
  4. A family office or familyowned enterprise
• Expertise and a track record of success working on affordable housing policy and design housingrelated financing real estate and community development are required. Experience with community organizing/tenant engagement is useful.
• Deep understanding of and experience working with local state regional and federal affordable housing regulations policies and legalese (e.g. regulatory agreements property tax welfare exemption etc.. Experience and acumen in contract administration.
• Sophisticated understanding of the Bay Area affordable housing ecosystem. Broad and deep relationships within the Bay Area affordable housing ecosystem.
• Ability to lead and influence within a complex organizational structure using collaboration negotiation diplomacy and conflictresolution skills.
• Experience in tenant engagement and addressing communityidentified needs.
• Expertise in financial management including affordable housing pro forma development and review.
• Demonstrated track record of successfully bringing together diverse stakeholders systems and funding sources to achieve common goals.
• Knowledge of local and regional housing dynamics challenges and actors.
• Strong written and verbal communication skills to effectively interact with diverse internal and external stakeholders.
• Proficient with database software website tools Microsoft Office Suite (Word Excel PowerPoint Outlook) and Office 365 in a Mac environment.Experience using Yardi Tableau and Asana is useful.

• A bachelors degree or an equivalent combination of education and work experience in affordable housing development community development real estate and/or the public sector is required.

Competencies

• Ability to be proactive and constantly prioritize responsibilities in a fastmoving and rapidly changing environment with empathy.

• Exercises good judgment.

COMPENSATION AND BENEFITS

The target starting salary for this position is $214000 to $268000 per year depending on experience. The Sobrato Organization promotes equitable and rewarding compensation for its team. Salary is commensurate with experience plus a competitive benefits package with perks including medical dental and vision coverage; life insurance; 401(k) plan with generous employer match; paid time off and holidays; access to professional development resources; matching gift contributions; an Employee Assistance Program (EAP); cell phone reimbursement; public transportation passes; dedicated parking; stocked kitchen snacks and beverages; and many employee events and lunches.

Beyond competitive salaries benefits and perks joining The Sobrato Organization is an opportunity to build upon the Sobrato family legacy of strong values deep commitment and largescale community impact. It is dynamic and growing encourages collaboration and continuous learning and is committed to fostering a culture of inclusion. Our team has the opportunity to contribute immediately taking on meaningful work alongside caring talented colleagues.

EQUAL OPPORTUNITY STATEMENT

In alignment with our values Sobrato Philanthropies is an equal opportunity employer committed to the values of diversity equity and inclusion. We are dedicated to building a team that represents a diversity of backgrounds cultures experiences perspectives and skills and to creating an environment of inclusion and belonging welcoming to all regardless of race skin color ethnicity religion gender identity sexual orientation national origin disability age marital status military status pregnancy or parenthood. People of diverse backgrounds with lived experience in our communities and focus areas are strongly encouraged to apply.