President, Affordable Communities of Florida
(a subsidiary of OLCDC)

Position Title: President, Affordable Communities of Florida (a subsidiary of OLCDC)

Classification: Exempt

Department: Real Estate

Reports To: Board of Directors and OLCDC’s President/CEO

 

Opa-locka Community Development Corporation (OLCDC) is a community development corporation dedicated to building a strong ecosystem that supports under-resourced communities in creating an equitable and sustainable economy throughout South Florida.  More recently, OLCDC formed The Affordable Communities of Florida, Inc. (ACF), a for-profit entity to advance our real estate development work in both multifamily and single-family homes.  OLCDC is seeking a dynamic leader to serve as President of ACF for this newly formed corporation capable of scaling up our development work.       

 

 

POSITION SUMMARY:

Working closely with the OLCDC’s President /CEO and Executive team, the President of ACF is by nature ambitious and entrepreneurial in the pursuit of new affordable rental housing and homeownership developments. The President of ACF is part of a team that will lead and implement AFC’s real estate development strategic goals, objectives, and priorities, developing a pipeline of affordable rental and home ownership developments.

The President of ACF will plan, organize, and manage all functions and activities assigned, including activities and coordination with other departments, outside agencies, public officials, and the community. Responsible for originating, coordinating, and implementing all aspects of affordable housing project development - from deal origination and feasibility through construction, to stabilizing occupancy. Projects may include new construction, rehabilitation, and joint ventures with other developers.

 

 

GENERAL DUTIES AND RESPONSIBILITIES:

Housing Development

  • Manage all phases of development for construction projects including reviewing feasibility analysis, obtaining local approvals, developing and maintaining proformas and managing the design and construction phases, working with both internal and external departments and contractors.

  • Facilitate development partnerships among community residents, community-based organizations, and local jurisdictions.

  • Conduct all physical, financial and operational due diligence on properties during feasibility, acquisition, and pre-development phases.

  • Prepare financing applications to public and private sources such as Federal HOME, CDBG, HOPWA, HUD (SHP and McKinney), State/HFA’s (LIHTC 4% and 9%, Bond Financing,), Commerce, NMTC, FHLB, and various banks, intermediaries and CDFIs.

  • Coordinate pre-development and development activities including but not limited to a) lender relationships b) legal documents c) financial planning including development and operating budgets with multiple sources d) construction documents e) ongoing management of project financials.

  • Monitor and track construction progress and cost to ensure timely project completion. 

  • Identify and manage qualified architects, engineers, environmental firms, contractors, and other professionals as needed.

  • Coordinate marketing and lease up process and transition to stabilize operations, working with internal departments (asset management, property management, fiscal, and resident programs) before, during, and after construction to ensure smooth tenant relations and transition to operations.

  • Research and suggest new methods of financing and structuring of housing and other community development activities, including open space and community facilities.

  • Appropriately interface with government and financial entities pertaining to development, including but not limited to banks, funders, lenders, commissioners, municipalities officials, CRA, Housing Finance Agencies, State departments.

  • Oversee Compliance with City, State and Federal oversight agencies and with private investors/lenders.

  • Coordinate responses to Request for Proposals and Request for Qualifications.

  • Acquire properties from public agencies as well as from the private market.          

 

 

Leadership and Administration

  • Provide regular reporting on department activities to the OLCDC’s President /CEO and Board of Directors.

  • Negotiate and resolve significant and controversial issues with various partners and stakeholders. 

  • Represent OLCDC at stakeholder meetings, including industry events, local boards, advocacy organizations, elected officials and outside agencies and other important partnerships.

 

QUALIFICATIONS:

 

  • Master’s degree in business, finance, real estate, or planning is preferred.

  • Minimum of 10 years of experience in affordable housing development, as well as training in underwriting, financial feasibility and analysis, government programs for real estate financing, knowledge and preferably experience with Florida development community, government agencies, and financial institutions.

  • Knowledge of construction and property management processes.

  • Must have proven ability to manage multiple real estate development projects simultaneously, to lead teams of contractors and external consultants, and to effectively solve problems of a variety of issues that may occur during the real estate development process.

  • Highly developed written and oral communication skills, including preparation of reports, briefing papers, and correspondence.

  • Excellent organizational coordination, problem-solving, and time management skills, including the planning and managing of multiple projects.

  • Ability to be proactive and capable of resolving complex problems expeditiously.

  • Dealmaker’s sensibility, an understanding of affordable housing development and have the fortitude to proactively identify new projects.

  • Comfort in working in a team capacity.