Vice President, Housing and Real Estate

Thresholds is a leading nonprofit serving individuals with serious mental health conditions by providing Home, Health, and Hope. Housing is central to our mission, and we are committed to expanding access to high-quality, affordable homes across the Chicago metropolitan area.

The Vice President (VP), Housing & Real Estate plays a critical leadership role in advancing Thresholds' mission to provide Home, Health, and Hope. This executive leads all housing and real estate strategy and operations, ensuring expanded access to high-quality affordable housing while maintaining strong financial performance, regulatory compliance, and long-term sustainability.

The VP oversees Thresholds' owned, operated, and supported housing portfolio and serves as a key organizational leader in affordable housing development, asset management, and community partnerships.

Essential Duties and Responsibilities:

• Provide leadership and direction for Thresholds' housing and real estate portfolio
• Identify and implement long-term strategies for improving property performance and meeting organizational objectives including asset building, sustainability, and community and economic development
• Create and vet housing opportunities through various funding sources and partnerships to increase access to affordable housing, maintaining Thresholds' position as a leader in Illinois affordable housing
• Promote and expand partnerships with developers, property owners, housing providers, and others to increase availability of affordable housing throughout the metropolitan Chicago area
• Monitor the operational and financial performance of Thresholds' portfolio including acquisition, benchmarking, refinancing and rehabilitation
• Provide leadership to the Director of Housing Administration, the Director of Real Estate and Asset Management, and the Director of Homeless Contracts Compliance and provide supervisory support for the Accounting Manager of Real Estate and oversee Thresholds' 25 housing staff

Education:

• Bachelor's degree in Public Administration or Business Administration preferred, or relevant experience

Experience:

• Seven to ten years in a leadership position related to housing administration, including budget experience for a broad range of housing services such as housing development, housing finance, housing maintenance programs, and other federally-funded programs
• Extensive experience with principles and practices of affordable housing development, management, community programs and organizations
• Working knowledge of affordable housing and community development financing programs, including taxation and compliance issues related to Low-Income Housing Tax Credits and New Market Tax Credits preferred

What sets Thresholds apart:

• Competitive Salary Range: $110,000.00 - $140,000.00
• Generous PTO
• Medical insurance (3 plan options) Dental insurance, and Vision insurance
• 403(b) retirement plans with 3% employer matchand immediate vesting
• Enhanced Robust employee assistance program (EAP)
• Mileage reimbursement
• Cell phone reimbursement (up to $50/month)
• Public service loan forgiveness

Thresholds is a mission-driven agency with a deep commitment to fostering an environment where all feel valued and respected, a place where every employee can be themselves, thrive, and support the agency's mission. Click here to learn more.

One of the oldest and largest community mental health organizations in Illinois, we pride ourselves in being a Chicago Tribune Top Workplace and one of Chicago's 101 Best & Brightest Companies to Work For, several years in a row.

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