VP of Property Development

Commonwealth Companies - Savannah, GA2.5

Full-timeEstimated: $85,000 - $120,000 a year
EducationSkills

At The Commonwealth Companies, we successfully develop, build, own, manage and have partnered in numerous projects in multifamily, senior housing, and commercial sites. From high-density urban sites to more suburban settings, our focus is to make every building we develop, construct and manage a true reflection of the special needs and desires of our customers and residents, with a commitment to excellence from concept to completion.

We are seeking an experienced Developer to lead and manage the organization’s current and future property portfolio respective to any properties in or near the territory of the state of Georgia. The VP of Development will be responsible for researching and developing information required for project concept development specializing in affordable housing and community development projects.

Essential Functions:

  • Work with minimal supervision in the areas of development of new project proposals, feasibility, pre-development review, project construction/rehabilitation management, and public/private financing for new and rehabilitated housing for low-income households.
  • Assessment of community needs, identification and acquisition of appropriate sites, formulation of feasible housing proposals (including development and operating budgets and project schedules), assisting the sponsor in conducting community notification, preparation and review of funding applications, and coordination of internal members of the project development teams and external consultants

Job Duties:

  • Feasibility Analysis
  • Researches and develops information required for project concept development
  • Researches and develops realistic project budgets
  • Provides research and due diligence on funding sources and site acquisition
  • Funding Sources Development
  • Maintains open and positive relationships with public funders, investors and financial institutions
  • Works with sponsors to understand loan, contract and other documents
  • Identifies appropriate funding and subsidy sources for each development project
  • Prepares clear and effective private and public funding applications
  • Negotiates funding documents with various funding sources and private investors
  • External and Internal Development
  • Initiates new project proposals with current and potential clients
  • Independently manages and maintains effective work relations with clients and external partners
  • Provides guidance and advice to Commonwealth Companies in support of development activities
  • Helps create and oversee client relations efforts, including relationship management with key clients
  • Represents Commonwealth Companies on external committees and boards

Minimum Requirements:

  • Bachelor’s degree in finance, public administration, business, or related field
  • 4 years’ minimum experience in affordable housing development
  • Experience working with various types of public and private funding (e.g. bank loans, bridge loans, tax credits, etc.)
  • Proven ability to manage multiple projects
  • Demonstrated ability to lead teams
  • Demonstrated ability to independently oversee large, complex projects and effectively problem solve variety of issues that may occur
  • Experience in project and staff supervision (preferred)
  • Proficient in MS Word and Excel
  • Excellent oral and written communications skills
  • Experience working in diverse groups
  • Commitment to the mission and goals of the organization

Certificates, Licenses, Registrations: Valid Driver’s License and willingness to travel

Job Type: Full-time

Experience:

  • Development: 3 years (Preferred)