Vice President of Development upstate NYLong Island
Vice President of Development upstate NYLong Island
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$ 160000 - 185000
1 Vacancy
Job Description
Come join NRPs A team! Weve been recognized as a Top Workplace because we promote a culture where our team can build longterm careers and connections. As we grow as a company our goal is that you will grow in your career.
NRP has been recognized with several industry awards including Top Workplaces; Best and Brightest Companies to Work For; and National Apartment Associations Best Places to Work.
We value our employees by offering a competitive benefit package including:
Commission and bonus opportunities
Paid vacation and sick leave
11 Paid holidays
Paid maternity & parental bonding leave
Short & long term disability
Medical/Dental/Vision/Life Insurance
401(k) Match
Training certification & growth opportunities
Employee referral & recognition programs
Since its founding in 1994 NRP has been dedicated to building quality homes for our residents regardless of income. The NRP Group is a fullservice multifamily developer general contractor and property manager with assets and operations reaching an expanding range of markets nationwide. For additional information please visit .
The NRP Group is hiring for an exciting role that will be a significant value driver to the New York office. The hired individual will build on NRPs successful track record of creating highimpact affordable housing communities in the region.
Reporting to the regional SVP of Development the Vice President of Development will lead acquisition and for affordable housing projects in upstate New York. Appropriate applicants will be strategic driven and entrepreneurial selfstarters who can work independently and have a deep passion for affordable housing development.
This role requires a special someone with distinctive character traits. This person must be tenacious above all else capable of confronting and overcoming the many obstacles that stand in the way of new affordable development. This person will be confident but low ego driven but relational focused but creative and adaptable.
The individual will have significant autonomy to source and execute on LIHTC opportunities financed by the state housing agency. As such the individual must demonstrate a strong understanding of the policy goals of the various involved agencies (most essentially HFA) and combining those with the companys economic goals source opportunities for development. Existing relationships with personnel within relevant state / county / municipal agencies is a plus but a desire to form and strengthen those relationships is essential.
While opportunities in NYC may arise on an opportunistic basis the principal area of focus is in the companys established footprint from lower Westchester County up to the capitol region and Long Island. Regular travel to these areas is required.
Over the last decade NRP has made an increasingly significant investment in New York and this role will be heavily supported to achieve continued success. The VP will be joining a talented and productive local development team that is invested in each others success and is energetic and enthusiastic about our work.
Essential Functions of the Candidate:
- Source and maintain a pipeline of land for new development. Individual is expected to source and manage up to three 3 viable projects per year through the 4 and 9 funding cycles.
- Review gain and maintain thorough comprehension of the QAP.
- Identify and originate desirable LIHTC multifamily development opportunities (preconstruction) in the identified target markets.
- Develop manage and nurture relationships with landowners brokers and other deal source networks.
- Maintain productive relationships with architects attorneys engineers government officials vendors and community partners to originate and execute multifamily projects.
- Collaborate with project team to prepare timely submission of lowincome housing tax credit (LIHTC) applications to state agency.
- Manage public approvals process for proposed developments. Lead zoning entitlements and site plan approvals for development projects.
- Demonstrate a clear understanding of the application schedule and presubmission milestones needed for successful application.
- Engender trust and respect of partners (both forprofit and nonprofit) L.P.s consultants and thirdparty professionals to create responsive and effective partnerships.
- Attend specific LIHTC industry committee meetings and training seminars to solidify relationship with housing finance agencies and keep abreast of changes / opportunities.
- Ensure that colleagues on the development team are completing their projectrelated tasks in a timely manner according to the project timeline.
- In consultation with regional SVP of Development formulate strategy for development initiatives as a whole and projects individually make recommendations on future project pursuits.
SKILLS & ABILITIES
Experience: 5 years of multifamily real estate development experience along with knowledge of development best practices. Specific knowledge of 4 and 9 LIHTC underwriting and application required.
Technical Skills: Strong written communication skills; Experience in public presentations to elected / appointed government bodies; Proficient in Excel PowerPoint;
Other Requirements: Demonstrated ability to create and execute successful projects completed on or ahead of schedule on budget with high quality and significant community impact. Strong negotiating and internal/external collaboration skills as well as sound political judgement. Desire to cultivate a regional public profile (e.g. through participation in panels presentations to public and community boards etc.
Location:
This role can be remote or in person in the companys midtown Manhattan office. Travel to the origination areas is essential. While not required the ability to regularly (if infrequently) be in person in the midtown office is a plus.
Compensation:
Base salary range $160000 $185000 depending on experience. Meaningful bonus via project incentive structure. Corporate health care / 401K matching / vacation package.
The NRP Group is committed to a policy of assuring that all employees and applicants for employment are recruited hired assigned placed transferred demoted laid off terminated paid trained and generally treated during employment on the basis of qualifications and merit; without discriminationdue tocolor race religion sex (including pregnancy or marital status) sexual orientation gender identity and expression age national origin ancestry veteran status military status disability genetic information citizenship or any other classification or activity protected by federal state and local law and ordinances.
Required Experience:
Chief
Employment Type
Full-Time
