SVP, Development (152 views)

Silver Spring, MD
May 4, 2021 2021-07-03
Job Description

At Enterprise Community Development (ECD), we believe that home – regardless of neighborhood – should be a place of pride, happiness and opportunity. A 501(c)(3) nonprofit organization, ECD’s mission is to establish well-designed affordable housing, while connecting our residents to vital services they require. Operating in the US Mid-Atlantic region, ECD is already the fifth largest non-profit affordable housing company in the country – including over 16,000 homes for families and seniors in over 110 communities in Washington DC, Maryland, Virginia, and Pennsylvania. Most of the portfolio was financed with Low Income Housing Tax Credits. ECD works in close partnership with community and national foundations; federal, state, and local governments; local public and private service agencies; and other nonprofits.

The SVP, Development, will lead ECD’s talented development team including approximately 15 mission-driven associates comprised of team leaders, development managers and associates (based in three offices: Silver Spring, Baltimore and Richmond) who oversee our projects from concept through completion. ECD’s annual development activity typically involves 5-10 communities under construction and 7-20 in predevelopment at various stages. The SVP, Development position requires strong leadership, communication, organizational, relationship management, real estate, strategic, financial and negotiation skills. Ideal candidates will bring a passion for ECD’s mission, substantial experience in multifamily development (affordable and market-rate housing), and significant management and leadership experience. This SVP will work with external and internal customers.

The selected candidate will join ECD at an exciting time. The organization is building out a large and growing pipeline of development opportunities including new construction, large scale acquisition/rehabilitation projects, and mixed-income communities in Maryland, Virginia, the District of Columbia and Pennsylvania. ECD utilizes a broad range of financing sources including Low Income Housing Tax Credit equity, public and private debt, and conventional private equity, and is exploring innovative structures to increase its impact and meet the need for high quality homes that are affordable to residents.