Applications accepted until position is filled.
For more information, or to submit your resume as application, please email: [email protected]
The Role
The new Executive Director will provide leadership and oversee all
aspects of TCHDC’s operations, ensuring the preservation and
development of safe, quality, and self-sustaining affordable
housing options for families. They will work with a highly
experienced team that brings an active, hands-on approach to
development, ownership, and management of community housing
assets, as well as TCHDC’s community partners with whom they
hold relationships that are defined by trust and loyalty.
The Executive Director will ensure that TCHDC’s strategic
parameters are effectively implemented across the organization.
They will support and enhance the Board of Directors’ efforts to
provide strategic guidance and governance to the organization, and act as the steward of TCHDC’s brand and
understand their role in sustaining the reputation of the organization. The Executive Director will not be
responsible for traditional fundraising.
Reporting Relationships
The Executive Director will report to the Board of Directors.
The Executive Director is currently responsible for a team of six which includes the following:
- Accounting and Office Manager
- Asset Manager (2) (1 PT and 1 FT)
- Development Manager
- Senior Asset Manager (2) (1 PT and 1 FT)
Strategic Leadership
- Lead the development of housing projects from inception to completion, ensuring that they meet
community needs and organizational goals. - Establish and execute short- and long-term development strategies, setting priorities and making key
decisions. - Monitor market trends and government policies to identify opportunities for new housing developments.
- Monitor potential new government and private funding programs or resources that could be beneficial to
current or future development. - Ensure that annual operational work plans, staffing and budget reflect the needs and contributions of the
organization. - Measure results and provide progress reports to the Board of Directors.
Financial Management
- Assume responsibility for the financial health and stability of the organization, ensure proper management
of financial resources, and manage the financial audit process. - Assess the strategic financial position and investments of the organization ensuring financial capacity and
capability on an ongoing and long-term basis. - Ensure that risk management measures are in place and risks are communicated to the Board of
Directors. - Utilize key financial information to measure organizational performance, manage risk, and make decisions
regarding the best mix of investments and expenditures. - Ensure that operational methods are in place in the organization: planning, process, improvements,
technology, metrics, and performance management.
Team Leadership and Administration
- Lead and build a team that is aligned with the organization’s mission, values, and philosophy.
- Provide leadership and direction to achieve TCHDC’s mission and strategic parameters.
- Foster a supportive, mutually accountable, and collaborative work environment that promotes teamwork.
respect, professional growth, learning opportunities, and employee well-being. - Attract, develop, and retain a talented workforce; inspire staff and support a positive culture.
Asset Management
- Maintain the quality of the properties to support a consistent and positive resident experience and ensure
that it continues to be an asset to the community. - Partner with property management companies to manage a comprehensive budget (operating and capital
requirements) and take P&L responsibility for the property. This includes budgeting and generation of fees. - Develop reasonable property budgets across the entire site portfolio that supports the long-term quality of
assets. - Monitor the projected long-term performance of each property to provide the information necessary to
plan for recapitalization in sufficient time to assure continued viability.
Board Governance
- Communicate critical information that the Board requires on a timely basis to ensure productive meetings
of the Board of Directors. - Assist the Board of Directors in recruiting, on-boarding, and fostering the engagement of a Board of
Directors representing a variety of skillsets and perspectives. - Ensure the Board of Directors has access to the information needed to support sound decision-making,
including relevant context of the internal and external factors that may be involved in any specific situation. - In collaboration with the Board of Directors, establish an annual set of measurable goals and objectives to
enhance TCHDC’s work.
External Relationships
- Serve as the public face of the organization.
- Identify community changes that impact strategy.
- Build and maintain working relationships and regularly communicate with the Board of Directors and
external stakeholders including government agencies, developers, lenders, legal counsel, residents,
community groups, nonprofit organizations, and others in the industry.
THE IDEAL CANDIDATE
With a commitment to TCHDC’s mission, values, and philosophy, the successful candidate will be a collaborative
leader who brings superior financial management, and underwriting experience. The ideal candidate has
professional leadership experience and demonstrates knowledge of business imperatives of property
management, housing policies, and affordable housing finance and development. While no one candidate will
have all the criteria highlighted below, the ideal candidate will possess many of the following professional and
personal abilities and attributes:
- Passionate for the TCHDC mission, leads with conviction and a champion of affordable housing.
- Financially astute; equipped to manage complex financial models and funding streams to ensure long term financial viability.
- Ability to use data and metrics to make decisions.
- A critical thinker: a leader able to assess good real estate deals, problem solve and manage risk.
- An experienced leader: a leader who is hands on and willing to roll up their sleeves.
- An empowering leader experienced at hiring, developing, and mentoring staff and who will continue to
nurture and reinforce a positive organizational culture. - A highly collaborative leader: a leader who can partner with a broad range of stakeholders such as
community partners, legal counsel, funders, Board, and other organizations. - A strategic thinker: able to think outside the box, look ahead and around the corner; a forward thinker in
the field of affordable housing. - A leader with experience working with or serving on a non-profit Board of Directors, equipped to
develop, attract, and retain board members.
Qualifications
- 10+ years of professional leadership experience, including nonprofit, public sector, and/or corporate
leadership experience. - 10+ years of relevant experience in financial management, including budgeting, forecasting, and risk
assessment. - Bachelor’s and master’s degree preferred. Open to consideration of alternative educational experience or
credentials.
COMPENSATION AND LOCATION
The compensation range for this role is $225,000 – $275,000, commensurate with experience and
qualifications. TCHDC offers a benefits plan; details on the full comprehensive benefits offered will be provided.
This role is based in-person out of the TCHDC office in St. Paul, MN, with flexibility to work remotely on an as needed basis, as long as organization needs are met and team collaboration is maintained.
