Are you excited by the world of CLT, LIHTC, NMTC, PAB, TIF, IZ, OZ, NZ, and TOD? Do you have the real estate expertise to advance the mission of a unique nonprofit that is committed to equitable and sustainable development? Do you like to multi-task, dig in the dirt, and be a team player in an organization that is looking to double its $140M in community real estate investments over the next five years? Urban Land Conservancy (ULC), is looking for a Vice President of Real Estate who brings a deep knowledge and passion for affordable housing and nonprofit facility development in neighborhoods battling gentrification. Must have an entrepreneurial spirit of getting deals done with a wide range of partners. The VP of Real Estate is responsible for site identification, contract negotiations, and partner development. He/She ensures all real estate transactions are completed in alignment with ULC’s Assets, Communications, Finance, and Master Site teams in accordance with our place-based real estate mission. Fundamental to ULC’s work is using the Community Land Trust to ensure the developments on our land will be permanently affordable.

Job Title:          Vice President of Real Estate                           

Reports to:      President /CEO

Classification: Full-Time Exempt

PRIMARY DUTIES and RESPONSIBILITIES

  • Coordinate and negotiate with sellers, lenders, and other potential partners on the project/program requirements and financing requirements for LIHTC, New Market, and other community developments
  • Manage the due diligence with your Associate Real Estate Director and Manager of Neighborhood Relations and oversee all pre-development activities, including the implementation of Net-Zero
  • Manage preparation and oversight of partner agreements
  • Prepare and maintain project work plans, budgets, procurements, and schedules
  • Secure project financing, including construction financing and permanent financing
  • Oversee legal compliance issues, lender requirements, construction phasing, and project close-out
  • Review project budget, schedule, monthly cash flow, and other activities
  • Serve as Owner’s Representative during construction/development

QUALIFICATIONS

  • Bachelor’s degree in real estate, finance, business, urban planning, architecture, or related field plus a minimum of 10 years of relevant experience, or in place of degree, a minimum of 15 years of relevant experience
  • Master’s degree in relevant field a plus
  • Experience in real estate development, including negotiation of real estate contracts/terms and due diligence process (e.g., title, survey, appraisal, inspections, environmental phase I and II)
  • Good understanding of finance, including NMTC for commercial/nonprofit facilities, affordable housing financing models (e.g., 9% LIHTC, 4% PAB, FLHB AHP, Tax-Exempt Bonds, HUD-insured programs)
  • Starting salary range is $120,000-$135,000 per year and is commensurate with depth of experience 

Click here to view a PDF job description

How to Apply: Send resume with cover letter to HRapplications@urbanlandc.org using Vice President of Real Estate as the subject.

THE DEADLINE TO APPLY IS MONDAY, MARCH 15, 2021 AT 5 PM