Vice President of Real Estate Development

VP Of Real Estate Development

The VP of Real Estate Development will play a critical role in identifying growth opportunities, building strategic partnerships, securing project financing, and managing a diverse pipeline of affordable, supportive, mixed-income, and community-focused developments.

Responsibilities include:

• Leading the organization's real estate development strategy and project pipeline.
• Identifying and evaluating new development opportunities, including acquisitions, ground-up developments, adaptive reuse projects, and public-private partnerships.
• Developing and executing long-term growth plans aligned with organizational goals and community needs.
• Presenting project recommendations, development updates, and strategic initiatives to executive leadership and the Board of Directors.

Structure complex financing packages utilizing:

• Low-Income Housing Tax Credits (LIHTC)
• Historic Tax Credits (HTC)
• Tax-Exempt Bonds
• HUD financing programs
• State and local funding sources
• Grants, CDBG, HOME, and philanthropic capital
• Leading negotiations with lenders, investors, government agencies, and funding partners.

Community & Stakeholder Engagement:

• Representing the organization with municipalities, housing authorities, elected officials, neighborhood groups, and community stakeholders.
• Developing and maintaining relationships with funding agencies, development partners, consultants, and industry organizations.
• Championing equitable development practices and community-centered planning initiatives.

Financial & Risk Management:

• Leading project underwriting, financial modeling, and feasibility analysis.
• Reviewing development budgets, pro formas, and investment assumptions.
• Assessing project risks and implementing mitigation strategies.
• Ensuring compliance with regulatory, funding, and organizational requirements.

MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.

The successful applicant will have:

• Bachelor's degree in Real Estate, Finance, Urban Planning, Business, Architecture, Construction Management, or a related field.
• 10+ years of progressive real estate development experience.
• 5+ years of leadership experience managing development teams.
• Demonstrated success delivering affordable housing, supportive housing, multifamily, or community development projects.
• Deep understanding of LIHTC and affordable housing financing structures.
• Strong knowledge of project underwriting, financial analysis, and development economics.
• Experience managing relationships with public agencies, lenders, investors, and community stakeholders.

Preferred:

• Master's degree in Real Estate, Urban Planning, Public Administration, Business, or related discipline.
• Experience within a nonprofit affordable housing organization, housing authority, or mission-driven developer.
• Familiarity with HUD, USDA, state housing finance agencies, and public funding programs.
• Professional certifications such as CCIM, CPM, or HDFP are a plus.

What's on offer:

• Competitive executive compensation package.
• Performance-based incentive opportunity.
• Comprehensive health, dental, and vision benefits.
• Retirement plan with employer contribution.
• Generous PTO and holiday schedule.
• Professional development and industry association support.