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Seeking a leader to oversee real estate development, new construction and rehabilitation of older buildings, and land development.
Job Description
The position will have full responsibility for the development of Real Estate including construction of all projects. This executive will seek development opportunities and direct due diligence efforts, provide consultation to the CEO, secure financing, ensure compliance with various programs, agencies and lenders, analyze asset management efforts, and lead coordination collaboration efforts between real estate development and internal and external stakeholders. Additionally, this executive will direct all real estate development operations including coordinating financial applications for both capital and operating funds, securing acquisition, pre-development, construction and permanent financing.
This position reports to the President and CEO and works in a highly collaborative environment with other members of the Senior Leadership Team (SLT). The right leader will enjoy working in a fast-paced environment and leading with the highest level of integrity, honesty, and courage.
What you'll get from working at The Y
Membership to the YMCA of Greater Seattle for you and your household
Medical, Dental, Vision, and Life insurance
Retirement with generous employer contributions
Free access to mental health resources
Rapidly accruing paid time off (PTO) available immediately upon hire
Discounts on qualifying YMCA of Greater Seattle childcare and day camp programs
Hiring Range: $153,846 - 200,000/yr
Qualifications
Bachelor's degree in real estate development, urban planning, architecture, accounting, or related fields.
• Minimum seven (7) years progressively responsible executive management experience in non-profit real estate due diligence, acquisition, development, re-development, and disposition, affordable housing, and real estate finance.
• Current or recent involvement with a non-profit or community-based housing organization along with a demonstrated track record of success.
• Proficient at MS Outlook, Word, and Excel.
• Proficiency in financial modeling, with a focus on tax credit and public-funded affordable housing projects
• Experience in negotiating lender agreements and terms
• Experience in negotiating partnerships agreements with a tax credit investor, ability to communicate clearly the obligations and risks across different departments in the Y organization.
• Knowledge of public funding requirement for affordable housing
• Ability to manage a design team and provide guidance for a cost-effective design.
• Knowledge of construction contracts and the construction process
• Highly effective public speaking skills with experience in community outreach and public presentations
• Proven experience developing effective teams which deliver organization-wide services.
• Experience working effectively within a matrix, mission-oriented, and diverse business environment.
• Ability to be proactive and capable of resolving complex problems expeditiously.
• Experience in grant writing, entitlement processes and public sector funding.
• Passionate about the affordable housing industry and sustainable building practices.
• Excellent project management skills. Ability to manage and execute multiple critical priorities simultaneously.
Preferred Qualifications:
• Master’s degree in real estate development, urban planning, architecture, accounting, or related fields.
• More than ten (10) years' experience in an executive leadership position.
• Experience leading Health and Wellness facility development/re-development with mixed use facilities.
• Expert-level experience working on a cross-functional leadership team in collaboration with a Board of Directors.
• Successful experience using City of Seattle’s Housing Levy and State of Washington’s Housing Trust Fund for multi-family rental projects or similar funding vehicles.
• Knowledge of conservation easements, carbon credits, timber harvesting, mineral and water rights, cell tower leases, etc.
• Deep experience and technical expertise in all aspects of affordable housing, real estate development, including finance, entitlement, and design, construction, lease, and operations.
You'll be a great fit for the Seattle Y if you:
- Thrive on working in a collaborative environment
- Are very adaptable
- Have high ownership and strong work ethic
- Are a great problem solver who can think on your feet
- Truly enjoy being of service to people
- Like being part of a team that cares about one another as people and enjoy working together
- Want to know that the work you do contributes to building a better, stronger community for all
At the Seattle Y, we are an inclusive organization of people with a shared commitment to nurture the potential of youth, promote healthy living, and foster social responsibility. We also believe in supporting the well-being of our employees and offer a free Y membership as a benefit of employment.
Become a leader on our team at the YMCA of Greater Seattle where we promote a continuous learning environment and career opportunities.
YGS is an equal opportunity employer and is committed to creating a diverse and equitable work environment. Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other status protected by local, state, or federal law.
We are a drug & alcohol-free workplace; all job offers are contingent on the results of a background check and (on applicable jobs) drug screening, including screening for marijuana. We participate in the Federal E-Verify system.
If you need assistance of any kind with the application process, reach out to [email protected] or the HR department at 206.382.5082.
MISSION STATEMENT:
Building a community where all people, especially the young, are encouraged to develop their fullest potential in spirit, mind, and body.
OUR VALUES:
Respect
Responsibility
Honesty
Caring
Passion for Excellence
Essential Functions
Responsibilities
Provide visionary thought leadership to the senior leadership team to support the development and execution of short and long-term strategic goals, future growth opportunities, best practices, and other organizational objectives.
• Coordinate all pre-development activities, internally and with partners and consultants, including, but not limited to, community outreach and notification. Identify and advance cross-functional collaboration opportunities within YGS and its partners.
• Demonstrated knowledge of Low-Income Housing Tax Credit (LIHTC) processes and activities, New Market Tax Credits, and other tax credits and non-traditional funding sources and models.
• Structure project ownership models in collaboration with YGS leadership and legal counsel.
• Responsible for advancing projects through all stages of development, including pre-development, construction closings, construction, and permanent conversion.
• Keep projects on schedule and on budget.
• Report on construction progress and costs ensuring successful timely project completion in coordination with the CEO and CFO.
• Prepare real estate-related financial projections and analyses, including proforma projections of development and operating budgets, assist with construction draw schedules, cash flow and reserve analyses, etc.
• Monitor project cashflows during pre-development and construction, tracking project budgets and expenditures. Work in tandem with the CFO to collaborate on financial projections and budgets.
• Assess capital needs of all predevelopment projects and spearhead the process of obtaining predevelopment loans.
• Work with project managers to establish and update predevelopment budgets.
• Negotiate critical documents for projects including letters of interest, loan documents, operating agreements, joint-venture agreements, regulatory agreements, and other relevant project documents.
• Work collaboratively in the development of new projects and the ownership and administration of the existing portfolio.
• Oversee preparation of responses to Requests for Proposals and Qualifications as well as all necessary funding applications. Coordinate with appropriate entities, including partners, government agencies, equity and debt providers, and other private and non-profit entities.
• Build and maintain positive and strategic relationships with community partners, including banks, investors, government lenders and consultants such as general contractors, architects etc.
• Ensure high-quality project management and financial analysis on portfolio and third-party agreements.
• Develop and implement comprehensive, centralized Association financial development systems, practices, plans, and programs, including campaigns, foundation, and corporate grants, major gift program, planned/legacy giving, and capital development, which result in the achievement of Association goals.
• Directly prepare and deliver materials and presentations on controversial or complex topics that influence decision-makers at high levels of foundations, government, community organizations, corporations, and across diverse communities, presenting to various Committees, Elected Officials, Funders, Stakeholders, Board of Directors, and the President & CEO, as requested.
• Serve as primary staff liaison to the Development Committee and other assigned committees of the Board of Directors and other key committees facilitating optimum interaction between management and volunteers.