Overview:
The President of Buckingham Foundation is the strategic leader for the Foundation and is responsible for the creation and achievement of strategic goals including significantly growing revenue through real estate investment (development and acquisitions), oversight of the business plan and fiscal management, and shared oversight of the roles and responsibilities of the Philanthropic & Events Manager.
Training/Education:
Bachelor’s Degree required preferably in finance, real estate, urban planning, or economics
MBA a plus
Demonstrated knowledge of real estate development and acquisition transactions and financing, construction management, urban planning, and economic development
Demonstrated knowledge and experience in housing agencies and/or foundations
Must have a valid driver’s license and provide annual proof of auto insurance
Experience/Skills:
Minimum of 7 years progressive experience in multi-family real estate development and acquisitions, including affordable housing.
Minimum of 3 years developing, managing, and leading high-performance teams internally and externally towards successful outcomes
Successful track record in developing multi-family real estate projects, including affordable housing.
Minimum of 5 years of successful track record of running a division, foundation or small business for P&L, strategic planning, and execution
Experience in design, engineering or construction strongly preferred.
Knowledge of housing finance highly preferred, including federal, state, and local housing programs
Computer proficiency in Microsoft Office Suite including Outlook, Word, Excel, PowerPoint, and other business-related software.
Demonstrated experience in strategic planning and financial management.
Strategic Responsibilities:
- In concert with the CEO and CAO, develop a comprehensive annual strategic and financial plan, including the pursuit of innovative income strategies that serve the foundation’s long-term goals.
- Oversee the financials for the Foundation.
- Significantly grow the annual income, revenue, and cash flow of the foundation through real estate investment, including development and acquisitions.
- Evaluate the growth in revenue annually to ensure sustainable income streams and productivity towards meeting the strategic plan and long-term foundation goals.
- Partnering with the Philanthropic and Events Manager – represent Buckingham before public agencies, elected officials, and financial institutions.
- Oversee acquisition and development opportunities that are on time and on budget producing high quality, financially sound properties that serve the Buckingham Foundation mission and long-term goals.
- Manage the overall development process from site selection and acquisitions, securing land, entitlements and zoning approvals, overseeing construction, overseeing lease up by Property Management to permanent loan conversion and stabilization.
- Identify and analyze community priorities and political impacts of affordable projects.
- Generate a pipeline of future development and acquisition projects that meet the criteria of strong long-term financial performance.
- Establish real estate performance criteria and measure the performance of potential future projects against these standards.
- Oversee the asset management of the foundation’s current real estate portfolio.
- Cultivate and manage effective relationships with financial institutions, real estate development professionals, contractors, local and state agencies, and other key stakeholders.
- Develop strong relationships and collaboration with other leaders and departments within Buckingham.
- Direct and oversee effective internal reporting tools that measure financial and project performance.
- Oversee and participate in meetings of the Board of Directors including reporting on the organization’s results at the annual board meeting.
- Lead, develop and manage the Foundation team.
- Partner with the board to oversee the full lifecycle of grant and sponsorship requests.
- Prepare reports, correspondence, and other administrative paperwork on a timely, professional, and accurate basis.
- Ensure company policies, procedures and guidelines are complied with in a professional manner and are demonstrated in all oral and written communications.
- Willingness to travel on an “as needed” basis as dictated by performance goals, job description or as directed by supervisor.
- Other duties as assigned.
Development and Acquisitions Responsibilities:
- Identify and evaluate potential affordable multi-family development and/or acquisitions opportunities.
- Identify and research potential new markets for affordable multi-family development and/or acquisition opportunities.
- Evaluate competition, new markets, and other factors to create and execute pursuit strategies.
- Identify potential development sites and research the property ownership within those sites and leads efforts to obtain site control, including preparation of responses to public/private RFT’s!
- Present new development and/or acquisition opportunities that meet Buckingham Foundation criteria and submit recommendations for approval to the Investment Committee
- Manage and complete comprehensive due diligence reviews, market analysis, site design and generate development budgets and proforma to evaluate financial feasibility.
- Partner with internal and external resources to oversee the design process.
- Partner with CFO and CAO for underwriting and obtaining construction and permanent financing including preparing loan, grant and any other necessary financing packages including low-income housing tax credit applications.
- Develop and maintain relationships with federal, state, and local funders, government agencies, community and neighborhood groups, development partners and industry professionals.
- Prepare comprehensive materials that include exhibits of development merits, demographic analysis, market analysis and competitive product evaluation suitable for approval by Investment or Executive Committee
- Partnering with Construction, submit monthly funding requisitions to lenders while a project is in construction in a timely and efficient manner, monitoring the actual and anticipated project sources and uses over the construction period.
- Effectively collaborate with in-house property management staff on the development of operating budgets and facilitates a seamless transition to occupancy and the long-term viability of the property.
