Vice President of Development, Affordable Housing
Venterra, Houston, Texas, United States, 77246
Overview
We are a real estate investment company that achieves exceptional results through people, deep research, analytics, technology and strong relationships. Venterra Realty is a growing developer, owner, and operator of multifamily apartments with 90 mixed-use and multifamily communities across 22 major US cities. The company has approximately 5.6 billion of assets under management and about 950 team members. Venterra focuses on serving residents, employees, and investors, and has a track record of growth and strong investments. Venterra’s mission is to acquire, develop, and manage multi-family real estate assets that deliver superior cash flow and long-term appreciation for their investors while preserving capital. The commitment is to improve the lives of residents by delivering an industry-leading customer experience and to provide an employee experience that enables people to flourish professionally and personally. Core Values
Honesty and Integrity Humility Never-ending Pursuit of Excellence Candor and Openness Unparalleled Service Excellence Team First Prudent Cost Management Awards and Recognition
Venterra has received numerous awards as a leading workplace. The company’s awards in 2025 include Best Workplaces in Real Estate, Best Medium Workplaces, Best Workplaces for Professional Development, Inclusion, and other recognitions. Explore communities at VenterraLiving.com and learn about Venterra at Venterra.com. Opportunity and Growth
The Head of Development, Affordable Housing will join a company with an excellent track record of profitable growth and innovation, and a strategic decision to make affordable housing a key element of its platform. This role leads a new Division within a Houston-based real estate company. Venterra seeks an experienced Affordable Housing executive to leverage operating experience and investor relationships to launch its entry into the affordable housing development sector. The company aims to pursue a differentiated Affordable Housing model with social impact through education and wellness programs, while delivering strong operating results. Key Accountabilities
The leader will expand Venterra’s development platform into Affordable Housing, initially focusing on Texas markets with expansion beyond Texas. Responsibilities include shaping strategy to enter the Affordable Housing development space, guiding the strategy in response to market conditions, establishing Venterra’s brand in the industry, working with brokers, tax syndicators, housing groups, local politicians, and HUD, identifying and evaluating sites, presenting to the Investment Committee, securing the capital stack, and overseeing project development through completion. The role aims to cultivate excellence and innovation in affordable housing leadership. 6-Month Priorities / Deliverables
Develop a differentiated strategy for entering the Affordable Housing Development sector, including the appropriate model (4%, 9%, PFC/HFC), Texas focus, and resourcing needs. External networking within the Affordable Housing community to establish Venterra’s brand. Familiarize with Venterra ethos by meeting key people, visiting properties, and understanding investment approach. Establish relationships with internal peers across Property Operations, Asset Management, Finance, Investor Relations, Research, Acquisitions, Market Rate Development, and Engineering/Construction. Participate in senior level cross-functional meetings and strategy planning processes. Adapt underwriting models to facilitate affordable housing opportunities. Identify, recommend, and hire necessary supporting resources. Search for prospective development sites and present opportunities to the Investment Committee. The Individual
Note:
The following section describes the experience and qualifications sought for this role. Required Experience
15+ years of broad Development leadership experience, with a majority in Affordable Housing Multi-Family Real Estate. Experience managing full-cycle development of affordable projects. Strategy development including market and product focus for affordable development. Significant experience in all aspects of developing affordable housing in Texas, including site identification, underwriting, tax credit applications, government/PPP approvals, tax credit syndication, IC committee presentations, and construction oversight. Extensive network within the Texas Affordable Housing development community (tax syndicators, lawyers, housing groups, HUD, local politicians). Proven leadership experience managing teams (5+ people). Experience overseeing financial performance of development projects during lease-up and early stabilization. Education
Undergraduate Degree required; Master’s in Business Administration or Real Estate Development desirable. Attributes
Leader who achieves results through people; embraces servant leadership; strives for excellence and motivates others to reach objectives. Passionate about Affordable Housing; committed to making a difference for residents and communities. Tech-savvy; understands how technology can enhance results. Open to continuous improvement and change; generates new ideas and embraces change to improve results. Team-oriented and collaborative across the organization. Lifelong learner with intellectual curiosity across topics. Patient for progress while maintaining urgency to deliver results. Self-confident, humble, honest communicator with strong interpersonal skills. Hard-working with a hands-on, roll-up-your-sleeves attitude; able to work longer hours when needed. 1 | Page
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We are a real estate investment company that achieves exceptional results through people, deep research, analytics, technology and strong relationships. Venterra Realty is a growing developer, owner, and operator of multifamily apartments with 90 mixed-use and multifamily communities across 22 major US cities. The company has approximately 5.6 billion of assets under management and about 950 team members. Venterra focuses on serving residents, employees, and investors, and has a track record of growth and strong investments. Venterra’s mission is to acquire, develop, and manage multi-family real estate assets that deliver superior cash flow and long-term appreciation for their investors while preserving capital. The commitment is to improve the lives of residents by delivering an industry-leading customer experience and to provide an employee experience that enables people to flourish professionally and personally. Core Values
Honesty and Integrity Humility Never-ending Pursuit of Excellence Candor and Openness Unparalleled Service Excellence Team First Prudent Cost Management Awards and Recognition
Venterra has received numerous awards as a leading workplace. The company’s awards in 2025 include Best Workplaces in Real Estate, Best Medium Workplaces, Best Workplaces for Professional Development, Inclusion, and other recognitions. Explore communities at VenterraLiving.com and learn about Venterra at Venterra.com. Opportunity and Growth
The Head of Development, Affordable Housing will join a company with an excellent track record of profitable growth and innovation, and a strategic decision to make affordable housing a key element of its platform. This role leads a new Division within a Houston-based real estate company. Venterra seeks an experienced Affordable Housing executive to leverage operating experience and investor relationships to launch its entry into the affordable housing development sector. The company aims to pursue a differentiated Affordable Housing model with social impact through education and wellness programs, while delivering strong operating results. Key Accountabilities
The leader will expand Venterra’s development platform into Affordable Housing, initially focusing on Texas markets with expansion beyond Texas. Responsibilities include shaping strategy to enter the Affordable Housing development space, guiding the strategy in response to market conditions, establishing Venterra’s brand in the industry, working with brokers, tax syndicators, housing groups, local politicians, and HUD, identifying and evaluating sites, presenting to the Investment Committee, securing the capital stack, and overseeing project development through completion. The role aims to cultivate excellence and innovation in affordable housing leadership. 6-Month Priorities / Deliverables
Develop a differentiated strategy for entering the Affordable Housing Development sector, including the appropriate model (4%, 9%, PFC/HFC), Texas focus, and resourcing needs. External networking within the Affordable Housing community to establish Venterra’s brand. Familiarize with Venterra ethos by meeting key people, visiting properties, and understanding investment approach. Establish relationships with internal peers across Property Operations, Asset Management, Finance, Investor Relations, Research, Acquisitions, Market Rate Development, and Engineering/Construction. Participate in senior level cross-functional meetings and strategy planning processes. Adapt underwriting models to facilitate affordable housing opportunities. Identify, recommend, and hire necessary supporting resources. Search for prospective development sites and present opportunities to the Investment Committee. The Individual
Note:
The following section describes the experience and qualifications sought for this role. Required Experience
15+ years of broad Development leadership experience, with a majority in Affordable Housing Multi-Family Real Estate. Experience managing full-cycle development of affordable projects. Strategy development including market and product focus for affordable development. Significant experience in all aspects of developing affordable housing in Texas, including site identification, underwriting, tax credit applications, government/PPP approvals, tax credit syndication, IC committee presentations, and construction oversight. Extensive network within the Texas Affordable Housing development community (tax syndicators, lawyers, housing groups, HUD, local politicians). Proven leadership experience managing teams (5+ people). Experience overseeing financial performance of development projects during lease-up and early stabilization. Education
Undergraduate Degree required; Master’s in Business Administration or Real Estate Development desirable. Attributes
Leader who achieves results through people; embraces servant leadership; strives for excellence and motivates others to reach objectives. Passionate about Affordable Housing; committed to making a difference for residents and communities. Tech-savvy; understands how technology can enhance results. Open to continuous improvement and change; generates new ideas and embraces change to improve results. Team-oriented and collaborative across the organization. Lifelong learner with intellectual curiosity across topics. Patient for progress while maintaining urgency to deliver results. Self-confident, humble, honest communicator with strong interpersonal skills. Hard-working with a hands-on, roll-up-your-sleeves attitude; able to work longer hours when needed. 1 | Page
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