What are the responsibilities and job description for the Chief Operations Officer position at Affordable Homes & Communities (AHC)?
About AHC: AHC is a non-profit, affordable housing developer and service provider with offices in Baltimore, Maryland and Arlington, Virginia. Our growing portfolio of 54 multifamily rental communities provides over 8,300 homes in D.C., Maryland, and Virginia.
Mission: The residents of Affordable Homes & Communities are at the heart of all we do. AHC builds opportunity by creating quality homes with holistic resident services. We drive change through innovation, genuine partnerships, and responsible investment.
Operations Goal: Meaningful Growth – Double size of AHC portfolio and continually improve and invest in our current communities.
Position Purpose: A member of the AHC Senior Leadership Team, the Chief Operations Officer will provide high-level leadership and drive real estate development and asset management strategies to create impactful outcomes for our residents and the communities that we serve. The COO is accountable for the financial performance and growth of the portfolio. The COO will have direct supervision of the Real Estate Development & Acquisitions, Asset Management, and Construction Management teams ensuring high level staff performance and department efficiency and effectiveness. Members of the Senior Leadership Team are expected to demonstrate AHC’s Core Values. They are expected to achieve outstanding results, inspire and develop staff, and lead innovation and positive change.
Qualifications:
- Bachelor’s degree in real estate, finance, business, urban planning, architecture, or related field. Master’s degree in RE or related field, preferred.
- Minimum of 20 years of progressive senior leadership role in real estate development, including negotiation of real estate contracts/terms, and due diligence process.
- Deep understanding of finance, including affordable housing financing models, e.g., 9% LIHTC, 4% PAB, FLHB AHP, Tax Exempt Bonds, HUD insured programs, GSE…
- Familiarity with local and state regulations and planning processes.
- Experience in private equity lending practices and financial pro forma modeling.
- Working knowledge of contract compliance.
- Strong understanding of general real estate industry and community issues with specific emphasis on activities in AHC’s focus areas.
- High level of experience in property management, overseeing construction projects, and developing pipelines for real estate development opportunities.
We are looking for a strategic leader who will also bring the following to the AHC team:
- Strong commitment to mission work. Embodiment of AHC’s values of integrity, inclusivity, authenticity, sustainability, and service.
- Efficient and effective at producing results in a fast paced, multi-tasked environment.
- Ability to serve as a strong advisor, partner, and colleague to the President & CEO and work collaboratively with senior leadership.
- Supervisory experience with demonstrated effective managerial, coaching and leadership skills including conceptual thinking and problem-solving skills.
- Understanding of the communities we serve, including individuals and families living on lower incomes, communities of color, and communities that face equity issues.
- Proficient Microsoft Office skills.
- Analytical, problem solver, organized, and innovative.
- Professional level verbal, written, and presentation skills.
- Leadership maturity and presence.
- Great collaborator.
How to Apply: Please apply at CAREERS | AHC with your updated resume and cover letter.
