Chief of Real Estate Development and Modernization
Lucas Metropolitan Housing (LMH) is seeking a highly qualified Chief of Real Estate Development and Modernization to direct and implement activities related to real estate planning, development, and acquisition. Responsibilities include managing the operations and administration of the LMH portfolio of real estate development by applying a systematic approach to identifying projects and partners; analyzing feasibility; structuring financing; and completing all pre-development, development, and post-development tasks. The agency functions with a $61,082,355 million annual operating budget that includes a portfolio of 4,821 Housing Choice Vouchers, 2,592 Public Housing units, 247 LIHTC units, and capital financing supporting the creation of housing in the community. A staff of 163 employees manage the LMH portfolio and services.
Lucas Metropolitan Housing uses a housing development strategy that provides a two-pronged approach to de-concentration of affordable housing by creating housing in existing high opportunity neighborhood and improving neighborhood conditions to create mixed-income communities of choice. It is completing a $200 million investment in a portfolio repositioning strategy on six of its affordable housing developments. LMH has also been awarded a Choice Neighborhood Initiative Planning grant and is actively working on implementation strategies in collaboration with community partners to apply for the CNI Implementation grant.
LMH serves the Toledo, Ohio metropolitan area. Known as the “Glass City”, Toledo is the fourth largest city in Ohio with a 2021 population of 268,508. More than 600,000 people call the metropolitan area home. Toledo straddles the Maumee River at the southern end of Maumee Bay, the westernmost inlet of Lake Erie. Downtown Toledo has seen major revitalization and has a growing entertainment district. The University of Toledo contributes greatly to the educational, cultural, and economic influence of the community. Toledo and the Northwest Ohio area accommodates many industries, primarily advanced manufacturing, automotive, energy, food processing and logistics and distribution, in addition to being the home of one of the largest employers in the healthcare industry, ProMedica. There are four Fortune 500 companies found in Toledo which was recently ranked in the top 10 for business investments. Most recently, Toledo has been named as the hottest housing market among the largest 100 markets in the United States. For example, with 19 Metroparks in the area, Toledo has been ranked as the number one park system in the country. Toledo’s Art Museum and Zoo are world famous and are routinely ranked among the finest in the country.
A Bachelor’ Degree in Real Estate Development, Business Finance, Urban Planning, Civil Engineering, Architecture, or closely related field is desired and a Master’s Degree in such fields is preferred. Candidates should have a minimum of seven (7) years of experience in the administration of programs involving housing development and housing finance, including mixed-use real estate development and construction management, with a minimum of three (3) years in a supervisory capacity. Experience in HUD funding (Capital Fund Finance Program/Operating Subsidy (CFFP/OS), experience in asset repositioning and modernization is highly preferred. An equivalent combination of education and experience may be considered. The selected candidate must provide academic credentials and work history verification. The consultant will complete criminal and credit background checks.
Compensation for the position is negotiable, depending on the qualifications and experience of the chosen candidate. LMH is an equal opportunity employer. The position description can be found on the agency website at https://www.lucasmha.org/Careers. Please email a one-page cover letter, a two-page resume, a listing of three professional references, and salary expectations to both Stan Quy, President / Principal of The Organizational Leadership Edge at SQuy@cox.net and Jessica Quy, TOLE Administrative Assistant at jessicaquy79@gmail.com. The deadline for applications is Friday, March 1, by 5:00PM Central Time. However, the agency does reserve the right to consider the hiring of a highly qualified candidate prior to the application deadline.
