Job Description

Choose a job you love, and you will never have to work a day in your life. — Confucius

VP of Affordable Housing Development (LIHTC)

  • Job Tag: #LI-BO1
  • Posted: June 26,2023

SkyWater is excited to be partnering with one of the most active and well-respected real estate developers in the Midwest on this fully-retained search assignment. In collaboration with a tight-knit, highly experienced team of real estate development professionals, the Vice President of Affordable Housing will have the opportunity to captain the entire development process – from identifying/sourcing viable projects (both on and off-market deals across multiple geographies) to securing financing, site acquisition, selection of design/construction partners, and ongoing oversight through project closeout. If you’re a seasoned real estate developer with a successful track record in affordable housing development, this is an excellent opportunity to play a first-hand role in providing high-quality affordable housing to those in need, while simultaneously capitalizing on a once-in-a-generation opportunity to build wealth through affordable real estate – all while being supported by a veteran team of real estate development professionals.  

**NOTE: This position can be based in Minneapolis OR a number of other cities across the United States. Location will be determined by development opportunity, as well as local market knowledge & current location of interested candidates. 


  • Source LIHTC sites locally and nationally.
  • Develop viable economic project proformas in collaboration with Asset Management, Legal and Construction
  • Negotiate all real estate transaction terms, documents, and contracts related to new developments
  • Consistent and proactive reporting to senior leadership on project status, risk, and economics
  • Oversee the construction draw process ensuring complete and timely payments to all parties
  • Responsible for ensuring projects are delivered on-time, on-budget, and branded appropriately
  • Source all financing required for each LIHTC project
  • Identify project partners
  • Manage project from inception to stabilization

Desired Skills and Experience

  • 10-15+ years of experience in multifamily real estate development, including at least 5 years of experience focused on LIHTC development.
  • Proven track record of executing LIHTC development deals from start to finish (Sourcing land --> Project close-out)
  • Experience with Federal Historic Tax Credits is not required, but strongly preferred
  • Self-starter capable of both working autonomously and collaborating effectively as part of a team

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