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Role Description

The VP – Capital Development & Asset Management will play a crucial role in ensuring the success and sustainability of AID properties and other assets while maintaining compliance with relevant regulations. This role is responsible for ensuring that property and other assets are well-maintained and financially optimized.

• Oversee the day-to-day operations of residential and commercial properties, including tenant relations, lease management, and maintenance.
• Oversee funding compliance on all housing and programmatic properties including HOME, CHDO, LIHTC, SRN, HUD 811, Project Based Vouchers, NSP, RHSP/LTOS, and other grant and governmental resources.
• Oversee the financial performance of the properties, including budgeting, expense control, and revenue generation.
• Manage all waiting lists, tenant selection plans, and affirmative marketing plans across all programs.
• Monitor and ensure compliance with HUD regulations, LIHTC program requirements, and all applicable federal, state, and local laws. Manage HUD/IHDA/Other audits/compliance monitoring. Serve as primary liaison during IHDA, HUD, and third-party compliance audits.
• Conduct regular property inspections to assess property condition, safety, and overall appearance.
• Supervise Maintenance Department (which includes Fleet Management) to ensure properties are well-maintained and necessary repairs are promptly addressed.
• Address and resolve tenant concerns, complaints, and legal issues in a timely and professional manner.
• Supervise procurement and purchasing/delivery of basic foods, cleaning and office supplies, furniture and other applicable items.
• Work with President & CEO to identify, plan, and capital stock development for housing and/or facility development. Includes public relations, and developing relationships with local, state and federal elected officials.

Qualifications

• Bachelor’s Degree in Business Administration, Real Estate, Finance, Construction Management, or a related field required.
• Master’s degree (MBA or related advanced degree) strongly preferred.
• Fair Housing Certification required at time of hire or must be obtained within six (6) months of hire as a condition of continued employment.
• Relevant industry credentials (e.g., Property Management, Asset Management, Housing Compliance, or Development certifications) preferred.
• 8+ years of progressive experience in real estate development, affordable housing, asset management, or capital planning.
• Demonstrated executive-level oversight of capital planning, asset preservation, and long-term portfolio strategy.
• Proven experience ensuring compliance with Fair Housing laws and federal housing regulations, including HUD 811, HOME, and other applicable funding sources.
• Experience overseeing tenant selection plan compliance and mitigating regulatory and legal risk across a multi-site portfolio.
• Demonstrated ability to lead cross-functional teams, manage external vendors, and represent the organization in regulatory, audit, and funding agency environments.
• Government regulatory experience highly preferred.
• Advanced proficiency in Microsoft Excel for budgeting, financial tracking, and data analysis, along with strong Microsoft Word skills for preparing reports and formal documents.
• Knowledge of project management required.

Requirements

• Ability to conduct property and facility site visits, including walking properties, climbing stairs, accessing mechanical areas, and occasionally lifting or moving items weighing up to 50 pounds as part of facility oversight.
• Position requires the use of the employee’s personal automobile, a valid driver’s license, and the minimum amount of automobile liability insurance as defined by AID’s personnel policies.
• Position requires the use of the employee’s cell phone.