VP of Asset Management & Development

General Summary:

The Vice President of Asset Management and Development manages the Real Estate Investments and Development & Housing Operations (REID) and the Asset Management Department of the Houston Housing Authority under the direction of the President and CEO.

Overview:

· Shall be active in all phases of affordable housing development and modernization, including selecting developable sites, analyzing potential acquisitions, conceptualizing projects, obtaining appropriate financing, and ensuring projects are completed on time and within budget.

· Oversees all new housing development, capital improvement programs, Capital Funds Program (CFP), Low Income Housing Tax Credit Program, and energy savings performance contracts.

· Responsible for the direct oversight of all aspects of administrative, financial, capital, and operations of a broad portfolio of affordable housing assets consisting of Public Housing, Project-Based Assistance, Low-Income Housing Tax Credits, and Rental Assistance

· Demonstration programs. Catalyzes leading the agency's multi-family Asset Management team, to ensure superior performance that capitalizes on opportunities and maximizes results.

· Performs a variety of managerial tasks involving the operation of housing developments.

Principal Duties and Responsibilities:

· Envisions and identifies viable affordable housing developments. Collaborates with the President, CEO, and Board of Directors on decisions to prioritize certain development projects, invest HHA resources, and seek out new resources.

· Management responsibility for REID, including supervision of staff engaged in development and capital improvements.

· Advocates for affordable housing by giving public presentations, participating in community and public policy groups, attending conferences, and staying informed of public policies affecting affordable housing.

· Represents HHA at public hearings related to land use and design; meets with neighborhood groups on project-related information.

· Assists in the preparation of information, reports, and recommendations for the Board of Commissioners and prepares Resolutions for Board action.

· Develops methods of communication with residents for input into and concerns regarding modernization.

· Collaborates with and supports other HHA departments by utilizing effective lines of communication for exchange of information necessary during design, construction and lease-up/re-occupancy.

· Administers and leads the relocation process of all residents requiring relocation as a result of capital improvements.

· Develops proforma capital development and operating budgets and financing applications which incorporate many different sources of financing.

· Coordinates the submission of due diligence to government agencies, lenders and investors.

· Monitors the expenditures of modernization and new development funds for compliance.

· Develops, revises, expands, and/or updates Housing Authority policies and procedures regarding capital improvements and real estate development.

· Formulates plans and procedures, establishes deadlines, requires reports, analyzes problems, and develops solutions for all construction-related activities.

· Assists in and coordinates the preparation and timely submission of the Real Estate Investments and Development (REID) budget and amendments, and monitors expenditures during the year.

· Serves as the Contracting Officer for all architectural engineering and construction contracts.

· Responsible for monitoring the process of all design & construction-related consultants.

· Monitors construction process by negotiating construction documents and contracts, monitoring construction progress and resolving conflicts, overseeing draws, and monitoring construction costs and budget.

· Coordinate financial closings, cost certification, 8609s, and conversion.

· Examines business development programs for possible integration into the department’s program.

· Works on year-end financial reports and other year-end close-out tasks submitted to HUD.

· Plans and delegates work to personnel involved in new and ongoing development efforts.

· Develops and implements a system for reporting project progress.

Knowledge, Skills & Abilities:

· Demonstrate expertise in affordable housing developments. Experience having led and closed at least two LIHTC transactions. Knowledge of Section 42 regulations is required.

· Demonstrate considerable independence, evaluative thinking, written and oral communication skills, and operational leadership and strategic planning skills.

· Thorough knowledge of modern principles and practices of asset/property management.

· Knowledgeable of municipal and county governments that are related to public housing and tax-credit communities.

· Success at real estate development, acquisition, and preservation, as well as generation of developer fees and revenue when compared against approved project completion schedules and Board approved budget limits.

· Comprehensive knowledge of the modern principles, practices, and techniques pertaining to the management of affordable housing programs.

· Thorough knowledge of and a sympathetic understanding of principles underlying the Federal public housing law.

· Comprehensive knowledge of the relationship between the Authority and federal, state, and local jurisdictions and their abilities to provide funds or other support to the Authority, and PHA operating policies and procedures regarding such relationships.

· Knowledge of federal affordable housing programs, with a focus on public housing, Section 8 tenant-based and project-based voucher programs, Project-Based Section 8 Multi-family Rental Assistance (PBRA), Community Development Block Grant (CDBG) including CDBG-Disaster Recovery, HOME, is preferred.

· Thorough knowledge of federal regulations, State laws and city ordinances governing public and other subsidized housing programs, including but not limited to health and fire regulations, landlord-tenant relationships, leasing of property, eviction, community safety and empowerment programs

· Considerable knowledge of community organizations, institutions, groups, agencies, and business firms.

· Thorough knowledge of coach and how to work with employees to motivate and empower them to succeed professionally.

Complexity & Scope of Work:

• The employee must perform a wide variety of tasks, which range from routine to difficult and are not closely related.
• Work needing to be done must be identified, coordinated, integrated, prioritized and accomplished using a variety of tasks or assignments.
• The Vice President of Asset Management & Development must make regular decisions involving usual and unusual circumstances, conflicting data, or other non-routine occurrences.
• Decisions and issues facing the employee involve multiple organizational units.
• The employee's work affects other employees, Authority residents, various departments of city and county government, and numerous business firms, organizations, institutions, and agencies in the community.
• The quality of the employee’s assistance to the President & CEO is reflected directly in the accomplishment of the Authority’s goals and objectives.

MINIMUM QUALIFICATIONS

• Four (4) years of degree in Business, Construction Management, Public Administration, or other related field related to position duties from an accredited college or university, and four (4) years of progressive management experience, or a combination of education and experience.
• Ten (10) years in a leadership role planning and developing affordable public or private sector housing or an equivalent combination of experience and education.
• A Housing Management Certificate is preferred.
• Bondable.
• Valid Texas driver's license.
• Eligibility for coverage under Agency fleet auto insurance.