Vice President-Real Estate Development YMCA of Greater Seattle

Our Mission: Building a community where all people, especially the young, are encouraged to develop their fullest potential in spirit, mind, and body.

At YMCA of Greater Seattle (YGS), we work as leaders in service to the needs of our local community encompassing health, childcare, safety, wellness, nutrition, and even transitional housing for youth and young adults. The passion and purpose of our employees, volunteers, donors, and collaborating organizations, working together, have made our work possible and with a deep and valuable impact for over 146 years. We've prided ourselves in being a mission-focused, equity-driven, valued-based organization with core values that embrace respect, caring, honesty, responsibility, and a passion for excellence with a big heart for our community. YGS is more than a mission - it's a movement powered by an unwavering, shared belief that everyone deserves equitable opportunities in life to develop and realize their full potential in spirit, mind, and body. For more information, visit https://www.seattleymca.org/.

The Role:

We are seeking an experienced, equity-minded executive leader with a proven track record in overseeing real estate development activities, both new construction and rehabilitation of older buildings, and land development. The position will have full responsibility for the development of Real Estate including construction of all projects. This executive will seek development opportunities and direct due diligence efforts, provide consultation to the CEO, secure financing, ensure compliance with various programs, agencies and lenders, analyze asset management efforts, and lead coordination collaboration efforts between real estate development and internal and external stakeholders. Additionally, this executive will direct all real estate development operations including coordinating financial applications for both capital and operating funds, securing acquisition, pre-development, construction and permanent financing.

This position reports to the President and CEO and works in a highly collaborative environment with other members of the Senior Leadership Team (SLT). The right leader will enjoy working in a fast-paced environment and leading with the highest level of integrity, honesty, and courage.

Key Responsibilities:

• Provide visionary thought leadership to the senior leadership team to support the development and execution of short and long-term strategic goals, future growth opportunities, best practices, and other organizational objectives.
• Coordinate all pre-development activities, internally and with partners and consultants, including, but not limited to, community outreach and notification. Identify and advance cross-functional collaboration opportunities within YGS and its partners.
• Demonstrated knowledge of Low-Income Housing Tax Credit (LIHTC) processes and activities, New Market Tax Credits, and other tax credits and non-traditional funding sources and models.
• Structure project ownership models in collaboration with YGS leadership and legal counsel.
• Responsible for advancing projects through all stages of development, including pre-development, construction closings, construction, and permanent conversion.
• Keep projects on schedule and on budget.
• Report on construction progress and costs ensuring successful timely project completion in coordination with the CEO and CFO.
• Prepare real estate-related financial projections and analyses, including proforma projections of development and operating budgets, assist with construction draw schedules, cash flow and reserve analyses, etc. Monitor project cash flows during pre-development and construction, tracking project budgets and expenditures. Work in tandem with the CFO to collaborate on financial projections and budgets.

• Assess capital needs of all predevelopment projects and spearhead the process of obtaining predevelopment loans.
• Work with project managers to establish and update predevelopment budgets.
• Negotiate critical documents for projects including letters of interest, loan documents, operating agreements, joint venture agreements, regulatory agreements, and other relevant project documents.
• Work collaboratively in the development of new projects and the ownership and administration of the existing portfolio.
• Oversee preparation of responses to Requests for Proposals and Qualifications as well as all necessary funding applications. Coordinate with appropriate entities, including partners, government agencies, equity and debt providers, and other private and non-profit entities.
• Build and maintain positive and strategic relationships with community partners, including banks, investors, government lenders and consultants such as general contractors, architects etc.
• Ensure high quality project management and financial analysis on portfolio and third-party agreements.
• Develop and implement comprehensive, centralized Association financial development systems, practices, plans, and programs, including campaigns, foundation, and corporate grants, major gift program, planned/legacy giving, and capital development, which result in the achievement of Association goals.
• Directly prepare and deliver materials and presentations on controversial or complex topics that influence decision makers at high levels of foundations, government, community organizations, corporations, and across diverse communities, presenting to various Committees, Elected Officials, Funders, Stakeholders, Board of Directors, and the President & CEO, as requested.
• Serve as primary staff liaison to the Development Committee and other assigned committees of the Board of Directors and other key committees facilitating optimum interaction between management and volunteers.

Position Requirements:

• Bachelor's degree in real estate development, urban planning, architecture, accounting, or related fields.
• Minimum seven (7) years progressively responsible executive management experience in non-profit real estate due diligence, acquisition, development, re-development, and disposition, affordable housing, and real estate finance.
• Current or recent involvement with a non-profit or community-based housing organization along with a demonstrated track record of success.
• Proficient at MS Outlook, Word, and Excel.
• Proficiency in financial modeling, with a focus on tax credit and public funded affordable housing projects
• Experience in negotiating lender agreements and terms
• Experience in negotiating partnerships agreements with a tax credit investor, ability to communicate clearly the obligations and risks across different departments in the Y organization.
• Knowledge of public funding requirement for affordable housing
• Ability to manage a design team and provide guidance for a cost-effective design.
• Knowledge of construction contracts and the construction process
• Highly effective public speaking skills with experience in community outreach and public presentations
• Proven experience developing effective teams which deliver organization wide services.
• Experience working effectively within a matrix, mission oriented, and diverse business environment.
• Ability to be proactive and capable of resolving complex problems expeditiously.
• Experience in grant writing, entitlement processes and public sector funding.
• Passionate about the affordable housing industry and sustainable building practices.
• Excellent project management skills. Ability to manage and execute multiple critical priorities simultaneously.

Preferred Qualifications:

• Master’s degree in real estate development, urban planning, architecture, accounting, or related fields.
• More than ten (10) years' experience in an executive leadership position.
• Experience leading Health and Wellness facility development/re-development with mixed use facilities.

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• Expert level experience working on a cross-functional leadership team in collaboration with a Board of Directors.
• Successful experience using City of Seattle’s Housing Levy and State of Washington’s Housing Trust Fund for multi family rental projects or similar funding vehicles.
• Knowledge of conservation easements, carbon credits, timber harvesting, mineral and water rights, cell tower leases, etc.
• Deep experience and technical expertise in all aspects of affordable housing, real estate development, including finance, entitlement, and design, construction, lease, and operations.

You’ll get a lot from working with us at the Y

Target Compensation: $153,846 - $200,000, in addition:

• Membership to the YMCA of Greater Seattle for you and your household
• Medical, Dental, Vision, and Life Insurance
• Retirement with a generous employer contribution of 12% of total compensation after two years with YGS
• Position is eligible for Annual Executive discretionary bonus plan up to 10% of base salary.
• Free access to mental health resources
• Rapidly accruing paid time off (PTO) available immediately upon hire
• Discounts on qualifying YMCA of Greater Seattle childcare and day camp programs
• Hybrid Work Policy

Work Environment

This job operates in a professional office environment and uses standard office equipment. This position is eligible for a hybrid work environment with at least two days per week in the Downtown AO office is expected.

This is a full-time position, and the hours of work and days are Monday through Friday, 8:00 a.m. to 5:00 p.m. Occasional evening and weekend work may be required as job duties demand.

We Value Diversity

YGS is an equal opportunity employer and does not discriminate in employment on the basis of race, color, religion, sex (including pregnancy), gender identity and/or expression, national origin, political affiliation, sexual orientation, marital status, disability, genetic information, age, membership in an employee organization, retaliation, parental status, military service or other non-merit factors.

The Y actively promotes a culture free from bias and injustice. We are dedicated to removing institutional and systemic barriers that result in oppression and racism. We will be accountable to marginalized communities for creating equitable and sustainable environments where social justice is woven into every facet of our programs and by caring for our communities in a culturally versatile and respectful manner.

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