Summary
The incumbent is responsible for assisting in the planning and management of the agency’s real estate portfolio of development projects, which are mainly multifamily. These responsibilities also include the review of the agency’s real estate development deals with procured developers. This is a real estate development and repositioning  management position. The successful candidate would be responsible for driving the lifecycle of real  estate development projects while serving as a point of contact with residents, community stakeholders and development team members, including developers, legal counsel, consultants and government officials. In addition, the successful candidate must have a strong understanding of real estate  development finance, including in depth experience in structuring multifamily housing development deals; the entitlement process and creating appropriate project schedules. He or she must have direct experience in successfully using the Low-Income Housing Tax Credit Program and other affordable housing 
financing tools. 
The Assistant VP for Real Estate and Community Development (RECD) is under the general supervision of the Senior Vice President for RECD and will be responsible for management of the Senior Project Managers and other staff, as assigned. The successful candidate will assist in the formulation and administration of departmental policies and procedures relating to RRHA’s real estate portfolio and development projects.

Essential Duties and Responsibilities
The position duties and responsibilities listed below describe the general nature and scope of work. Other responsibilities, duties, and skills may be required and assigned, as needed.

• Successfully manages project management staff, as assigned, operations, related finances and stakeholder relationships.
• Develops, communicates and monitors strategic, specific and measurable written performance expectations and project plans for the senior project management staff assigned
• Coaches, guides and develop applicable employees to achieve desired results. Evaluates applicable employee performance and provides continuous feedback.
• Assists in developing and monitoring applicable departmental, project and funding source budgets. Analyzes applicable operating expenses and revenue projections.
• Assists in directing and managing mixed-income and mixed-use real estate development projects
• Initiates, designs and implements development/redevelopment plans. Reviews and evaluate projects on a scheduled basis to determine the status and make timely decisions about project completion
• Administers the agency’s Vacant Properties Program.
• Assists in developing non-profit, public and private sector partnerships to create innovative mixed finance multifamily and other affordable housing projects for low-income residents of the City of Richmond and other regional jurisdictions, as applicable.
• Assists in developing recommendations to the COO, CEO, RRHA Board of Commissioners and Richmond City Council and administrators regarding strategies for successful real estate development and completion of projects, as well as on the use of agency-owned vacant properties.
• Assists in analyzing and interpreting business proposals. Develops and approves Requests for Proposals (RFP), Requests for Qualifications (RFQ) and negotiates contracts.
• Assists in ensuring that applicable RFPs, RFQs, proposals and contracts are aligned with the agency’s strategic plan and the City’s master plan. Ensures management oversight of the work of vendors, consultants, development partners and contractors.
• Assists in developing and implementing departmental policies and procedures and ensures compliance with agency policies and procedures and federal, state and local regulations.
• Reviews and evaluates assigned programs and projects to ensure regulatory compliance, operational and financial performance expectations are met.
• Represents the agency, as assigned, at Richmond City Council meetings, work sessions, public hearings and meetings with state, federal and local officials. Serve as a member of external and internal committees, commissions and task forces.
• Anticipates customer needs and gives high priority to customer satisfaction and service. Develop working relationships with customers to identify needs and establish processes to resolve issues/problems.
• Establishes and maintains productive working relationships with local, state and federal government entities, business and financial communities, community organizations and citizens.
• Performs other related duties, responsibilities and tasks as required and/or assigned.

Job Competencies

Knowledge

• Excellent knowledge of operations management principles and practices (managing people, processes and systems).
• Considerable knowledge of the laws, government regulations, executive orders, and rules governing real estate development, especially affordable housing development.
• Considerable knowledge of real estate development finance; urban planning principles and practices; management principles and practices; and project management methodologies.
• Excellent knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.

Skills

• Highly effective leadership skills to consistently and constantly reward behavior that supports organizational values, communicate high performance standards and the expectation of ethical behavior.
• Excellent skills in establishing positive work relationships with elected and appointed officials, community groups, residents, developers, and business leaders.
• Excellent skills in budget planning, forecasting, accounting and tracking of expenditures required.
• Excellent communications skills, listening, writing and verbal skills are essential for success in this position. The candidate selected must understand and employ the rules of composition and good grammar.
• Excellent organizational, time management, and facilitation/presentation skills are required to be successful in this position.
• Highly skilled in developing a work culture of continuous learning, information sharing, and professional development.
• Excellent planning skills to organize and deploy resources effectively and provide effective direction and support to team members.
• Highly skilled in setting clear, realistic unit goals and objectives and individual performance expectations, monitoring/reviewing progress toward accomplishing team goals and communicating success to team members.
• Advanced proficiency with Microsoft Office Suite of products, including Word, Power Point, and Excel formula-driven spreadsheets, as well as project management software.

Abilities

• Ability to communicate a clear vision for organizational success, set direction for the future as well as the present using knowledge of emerging trends and external forces to set direction.
• Ability to establish Team goals and objectives and to focus team efforts on both process improvements and the desired outcomes.
• Ability to ensure that every applicable employee understands their roles and responsibilities and how they relate to the Authority Strategic Plan goals and desired business results.
• Ability to create a work culture that rewards teamwork, cooperation and the accomplishment of positive results.
• Ability to develop and implement process improvements that result in efficiency gains and the improved execution of business strategies that result in program/project implementation effectiveness gains.
• Ability to establish open communication, promote cooperation, trust and the open exchange of ideas and network with others to achieve desired results.
• Ability to bring others together, reconcile differences, build consensus and present workable solutions for all parties concerned.
• Ability to be innovative, creative and flexible while ensuring absolute adherence to various ethical, legal and programmatic requirements.
• Ability to effectively present/market ideas clearly and effectively both orally and in writing using multi-media technology.
• Ability to analyze, interpret and make sound, logical decisions about complex business proposals.
• Ability to maintain effective working relationships with executive management, Board of Commissioners and other governing bodies, staff, co-workers, residents, contractors/vendors attorneys, the real estate community, city officials and the public.
• Ability to create, implement and manage large scale residential and commercial development/redevelopment plans and projects.

Education and/or Experience

Education: Bachelor's degree in community development, urban planning, architecture, engineering, or public/business administration or closely related discipline.
Experience: Five (5) or more years of related and progressively responsible managerial experience, inclusive of direct oversight of real estate development projects and staff. Five (5) years professional experience in real estate development and finance, including mixed-use and mixed-income projects, pro forma analysis and creation, and project management. Five (5) or more years of recent and direct “hands on” experience preparing financial packaging of real estate development projects, inclusive of Low-Income Housing Tax Credits, bond financing, and/or federal and/or other governmental funding products for affordable housing development or preservation.

Preferred Qualifications:

• Related master’s degree along with five (5) years of increasingly responsible real estate 
  development leadership experience.
• Demonstrated integral role in the successful implementation and completion of multiple real 
  estate development projects, especially as it relates to affordable housing.

Additional Requirements:

• Possession and retention of a valid Virginia driver’s license. Must maintain a driving record acceptable to RRHA and its insurance carrier(s).
• Must be available for periodic evening work as it relates to community meetings, City council or other governmental meetings and attendance at conferences, etc.

Physical Demands

Frequent Activities existing up to 1/3 to 2/3 of the time: Talking: Expressing or exchanging ideas by means of the spoken word to impart oral information to clients or to the public and to convey detailed spoken instruction to other workers accurately, loudly, or quickly. Hearing: Perceiving the nature of sounds by ear.
Occasional Activities existing up to 1/3 of the time: Reaching: Extending hand(s) and arm(s) in any direction. Handling: Seizing, holding, grasping, turning, or otherwise working with hand or hands. Fingers are involved only to the extent that they are an extension of the hand, such as to turn a switch or shift automobile gears. Fingering: Picking, pinching, or otherwise working primarily with fingers rather than with the whole hand or arm as in handling. Near Acuity: Clarity of vision at 20 inches or less. Accommodation: Adjustment of eye lens to bring an object into sharp focus. This factor is important when doing near-point work at varying distances from eye.
Sedentary Work: Exerting up to 10 pounds of force occasionally and/or a negligible amount of force frequently to lift, carry, push, pull, or otherwise move objects, including the human body. Sedentary work involves sitting most of the time but may involve walking or standing for brief periods of time. Jobs are sedentary if walking and standing are required only occasionally and all other sedentary criteria are met.