Executive Director, Mid Atlantic Neighborhood Development Corporation (Mandc)
COMPANY OVERVIEW At Volunteers of America Chesapeake & Carolinas, we provide services in MD, DC, VA and North and South Carolina, we are an affiliate under the Volunteers of America National Organization. As a whole, Volunteers of America is more than a non-profit organization. We are a ministry of service that includes more than 16,000 employees nationwide and more than 70,000 volunteers working together to help individuals who need our help the most. We firmly believe that our employees drive the success of the organization. With success in mind as the ultimate goal, we strive to create and provide an environment that offers challenging, stimulating and financially rewarding opportunities. Our tag line is "Helping America's most vulnerable". Mid-Atlantic Neighborhood Development Corporation (MANDC) is a 2019 joint venture partnership between Volunteers of America National Services and Volunteers of America - Chesapeake & Carolinas. JOB SUMMARY The Executive Director will be responsible for establishing a newly created entity, the Mid-Atlantic Neighborhood Development Corp (MANDC)., as a premier non-profit regional affordable housing developer in the Mid-Atlantic. In addition, Executive Director will be responsible for formulating and implementing the MANDC affordable housing development strategy in collaboration with the four (4) person board along with measurable metrics that shows the corporation progression through its development. REQUIREMENTS Bachelor's degree in a field related to real estate development, such as finance or business administration. Masters preferred. Management of the Board and experience ability to work with Board of Directors. Ten (10) to (15) fifteen years of increasing responsibility in the field of affordable housing development, real estate development, finance, architecture and/or construction. Extensive knowledge and experience with housing finance programs, including but not limited to low-income housing tax credits, historic tax credits, tax-exempt bond financing. Knowledge of housing design, housing finance programs and best practices in housing construction. Proven leadership and management skills to motivate teams, consultants and contractors. Excellent verbal and written communication skills, financial analysis, Web Research, Microsoft Word, Excel, Publisher, PowerPoint and Adobe Acrobat. Ability to travel within the region. Bilingual in any language a plus RESPONSIBILITIES Strategic Plan development and implementation Establish the Mid-Atlantic Neighborhood Development Corp. as the premier non-profit regional affordable housing developer in the Mid-Atlantic Formulate and implement the housing development strategy in collaboration with the board. Review, analyze and propose specific development opportunities appropriate for mission and resident population, for approval by the board. Analyze financial implications (risk/reward) of projects for consideration and make recommendations to the board. Prepare regular reports on project progress according to strategic plan. Perform annual evaluation of strategic plan implementation for the board, including recommendations of any changes needed. Fiscal and Resource Development Maximize the financial strength and build the long-term assets of Mid-Atlantic Development Corp. through strategic real estate developments, development fees and annual surplus cash flow receipts. Responsible for the Day to Day operations of the Non Profit Develop and maintain relationships with public and private multi-family funders. Solicit and negotiate favorable terms of loans, grants and equity investments according to the needs of specific projects. Investigate new opportunities to finance the development of additional affordable housing, and pursue their application where feasible. Generate annual surplus funds to reinvest in the entity and support the missions of Volunteers of America Chesapeake & Carolinas and Volunteers of America National Services. External Relationships and Communications Outreach to and formulate partnerships with other mission-aligned organizations and key stakeholders in order to maximize the effectiveness of the development strategy. Maintain an effective relationship with senior staff of Volunteers of America National Services and Volunteers of America Chesapeake & Carolinas as owners of Mid-Atlantic Neighborhood Development Corp. Develop and maintain positive relationships with public officials, community stakeholders and neighborhood associations. Build a positive constituency for the support of the development of high quality, well managed affordable housing. Communicate and review new projects with local elected officials. Establish a website and marketing materials for the work of Mid-Atlantic Neighborhood Development Corp. Project Management and Development Seek out potential development sites and establish site control for due diligence. Engage with the VOANS housing development loan committee for review and recommendation per projects to the MANDC board of directors. Conceptualize project design and financing strategy. Develop financial proformas for highly complex project financings. Demonstrated and proven relationships in impact market. Oversee and direct efforts of the project development team. EXPECTATIONS Documentation binders and communication binders are reviewed on a monthly basis to ensure all processes are followed according the VOAC's policies and procedures. This includes shift change notes, shift change responsibilities, overnight checks, announcements and proof of acknowledgement by staff, monthly activity calendar, emergency contact sheet, weekly menus, timesheets Participate in professional training programs to improve leadership skills and ability to provide program support and oversight in lieu of the residential or clinical coordinator. EFFECT ON END RESULTS Deliver a minimum of two (2) housing development projects annually either in the pipeline or closed with financing. Strategic growth plan to build sustainability in affordable and rental housing within a 3-year period. Meeting financial performance goals set by the Board of Directors on an annual basis that delivers positive cashflow and return on investment within 5 years. Build MANDC balance sheet to ultimately be self-sustaining without another guarantor. PHYSICAL REQUIREMENTS The physical requirements described below are representative of those that must be met by an employee to successfully perform the essential duties of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential duties. The ability to safely operate a motor vehicle to transport oneself, consumers, and program supplies as necessary. The physical ability to travel to assigned locations, stand, stoop, bend, reach, pull, push, lift, grasp, climb, talk, see, hear and perform basic and light home maintenance activities, and operate office equipment. Operating office equipment requiring continuous or repetitive hand/arm movements. The ability to remain in a sitting position for extended periods of time OTHER DUTIES Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.