Vice President - Real Estate Development

Please Note: Communications regarding this position may include the company name “Banner Property” and should be deemed legitimate.”

About Us:
Full Circle Communities, Inc., is a mission-driven non-profit developer and manager of affordable housing with a focus on expanding access to quality affordable housing. We achieve our mission collaboratively – with our residents, our communities, our industry partners, and our fellow employees, and provide targeted supportive services to our residents and the surrounding communities. Full Circle currently has ownership/affiliated interests in and/or manages over 1,500 apartment units in Illinois, Iowa and Michigan.

We look for committed and enthusiastic individuals who are energized by our mission and the challenges of creating and operating service-rich affordable housing. We invest in our team members’ growth as we expect them to invest in the growth of the organization.

See our website at http://www.fccommunities.org/ for more information.

Job Description:
Full Circle is seeking a Vice President of Real Estate Development (VPRED) to join our Real Estate Development Team as a senior officer-level role to take affordable housing projects from idea to reality, while managing the people, money, risk, and community relationships required to do so at scale.

They will oversee the entire lifecycle of a portfolio of affordable housing projects, secure and structure funding for projects, manage external relationships and community engagement, manage and develop a team and serve as a proxy for executive leadership.

The position reports to the Executive Vice President of Real Estate Development (EVPRED). Specific duties of the Vice President, Real Estate Development are outlined below.

What You’ll Do:

Real Estate Development:
Initiate and evaluate new development opportunities
Analyze federal, state, and local priorities for creation, acquisition, and financing of affordable housing
Support formulation of the department project pipeline and staffing workplan
Evaluate potential sites to determine feasibility
Negotiate purchase agreements and establish site control
Oversee development projects from initiation to completion with a clear set of responsibilities in each of these stages:
Pre-development
Oversee staff on initiation, underwriting, and evaluation of opportunities
Analyze project within federal, state and local funding priorities
Lead project mission formulation: identifying target resident population, service provider partners, and potential Joint Venture (JV) opportunities
Oversee financing applications and secure project financing commitments
Oversee the work of project consultants, approve project partner selection, and lead on-going evaluation process
Build community support and oversee entitlements process
Oversee closings
Construction
Oversee staff’s implementation of the construction process to assure compliance with plans, schedule, and organizational goals
Approve development-related payment requests, budgets and accounting reports, requests for proposals, and contracts
Monitor project funds, forecast cash flows, and oversee loan draws
Oversee construction, architectural, and financing approvals
Oversee and facilitate coordination with property management and Mission Impact
Close-out and hand-off
Oversee and facilitate transition from development to property management and long term operations
Oversee certificate of occupancy and other completion approvals
Oversee and guide conversion from construction to permanent financing
Oversee and guide punchlist completion and on-going warranty requests

Team Leadership and Strategy:
Work closely with leadership to formulate and coordinate development policy, goals, and budgets with approval of the President & CEO, Senior Staff, and Board of Directors
Manage staff members on the real estate development team with a focus on performance support and evaluation, as well as hiring and onboarding
Oversee all acquisition, financing, design, and construction activities of assigned staff on one or more developments per year
At discretion of the EVPRED, prepare departmental reports, including Board reports, developer fee projections, and risk rating reports, and participate in Board and committee meetings
Assume the responsibilities of the EVPRED in their absence
Perform other tasks as assigned by the EVPRED or President & CEO

Relationship Management:
Create and maintain strategic relationships for the organization and projects
Formulate and direct project community outreach strategies and coordinate with local advocacy groups
Participate in neighborhood and community meetings
Contribute to City / County / State policy planning and advocacy efforts
Build, maintain, and evaluate relationships with funders, consultants, municipalities, and vendors