VP Affordable Housing Program

Position Overview
 The Vice President (VP) of the Affordable Housing Program will lead the strategic growth and operational management of a portfolio of 21 properties totaling approximately 900 units of project-based Section 8 housing for seniors, including one LIHTC property. This newly created position requires a hands-on, strategic leader capable of strengthening management by ensuring operational efficiency, regulatory compliance, and financial sustainability, and growing the program over time by partnering with our development consultant.

Reporting to the CEO, the VP will oversee the property management and maintenance leaders. This position is responsible for building internal processes, implementing OneSite property management software, and leveraging external resources to augment team capacity. A critical aspect of the role is the ability to anticipate and respond to external forces, including regulatory, economic, and funding changes, to protect the organization’s interests and minimize program risk.

Key Responsibilities

1. Program Leadership & Strategic Development

·         Provide vision and leadership for the Affordable Housing Program to strengthen operations and to position the portfolio for growth.

·         Balance short-term operational needs with long-term growth, financial sustainability, and risk mitigation.

·         Monitor and respond proactively to external forces, including regulatory changes, funding opportunities, economic conditions, and housing market trends.

·         Represent the program to the CEO, Board, government agencies, lenders, and community partners.

2. Asset Management

·         Oversee portfolio financial performance, including budgeting, residual receipts, and vendor contracts.

·         Ensure full compliance with HUD regulations, Section 8 program requirements, RAD for PRAC processes, and LIHTC rules.

·         Build and maintain systems for ongoing monitoring of portfolio performance, regulatory compliance, and operational risk.

·         Strategically and efficiently manage assets for long-term health while minimizing risk exposure.

3. Development, Renovation & Portfolio Expansion

·         Support strategic development and acquisition opportunities by working with our internal consultant and ensuring that we protect LSS’ interests.

·         Collaborate with external consultants to plan and execute RAD for PRAC renovations, ensuring timely completion, budget adherence, and compliance.

·         Evaluate renovation and development projects using feasibility, ROI, and risk analysis to optimize organizational outcomes.

4. Process Improvement & Systems Implementation

·         Optimize the ONESITE property management system to enhance operational efficiency and ensure compliance reporting capabilities.

·         Standardize operational workflows, reporting tools, and dashboards to support property management and leadership decision-making.

·         Continuously refine processes based on performance metrics, compliance data, and feedback from internal and external stakeholders.

5. Team Leadership & Capacity Building

·         Directly manage property management/service coordination and maintenance leadership roles.

·         Build team capacity to manage operations, RAD projects, and compliance effectively.

·         Mentor and develop internal staff to support succession planning and long-term program sustainability.

6. Stakeholder Engagement & Risk Mitigation

·         Serve as a primary liaison with internal and external stakeholders, including consultants, government agencies, community partners, and lenders.

·         Identify, evaluate, and respond to operational, compliance, and financial risks.

·         Ensure program decisions are informed by data, best practices, and regulatory considerations.

7. Provide strategic leadership to organization.

•     Shape and sustain a high-performing organizational culture that reflects LSS’s core values, promotes staff engagement, and drives exceptional service delivery.

·         Ensure programmatic and client needs are represented effectively when organizational decisions are being made. Anticipate the impact of changing needs and make appropriate changes. Recommend innovative approaches and programs that match organizational mission.

·         Drive organizational priorities grounded in sound financial management, cross functional projects, and client and community needs.

Behavioral Competencies

·         Strategic Leadership & Visioning

·         Team Leadership & Capacity Building

·         Problem-Solving & Decision-Making

·         Collaboration, Influence & Stakeholder Management

·         Adaptability & Resilience

·         Communication & Reporting

Required Experience

·         Affordable Housing Development & Asset Management: Experience with HUD, Section 8, RAD for PRAC, and LIHTC is essential.

·         Financial Acumen & Development Financing: Proficiency in debt/equity structuring, ROI analysis is necessary.

·         Compliance & Regulatory Expertise: A strong understanding of compliance and regulatory requirements is crucial.

·         Systems & Process Improvement: Experience with enhancing systems like ONESITE, KPI dashboards, and workflow optimization is essential.

·         Project Execution & Strategic Development: Proven ability to execute projects, drive efficiencies, and develop strategic plans.

Required Educational Qualifications:

A Bachelor's degree in Business Administration, Real Estate, Urban Planning or a related discipline is required. A Master’s degree in a related field is preferred.