VP of Multifamily Finance in Burlington, Vermont at Vermont Housing Finance Agency

Are you a visionary leader ready to drive the financing of affordable housing across Vermont?

At the Vermont Housing Finance Agency (VHFA), we are on a mission to ensure all Vermonters have access to affordable housing. We are looking for a VP of Multifamily Finance who is part strategic executive, part expert transactional architect, and entirely dedicated to impactful community development.

This is a premier leadership role within the Agency, responsible for directing our multifamily housing financing activities and managing a high-performing team of finance professionals. If you excel at navigating complex capital structures, shaping housing credit policy, and building collaborative partnerships with developers, lenders, and public agencies, we want you on our team.

The Impact You’ll Make

Strategic Leadership & Program Management

• Provide executive leadership for VHFA’s multifamily development lending, tax credit allocation, and bond financing portfolios.
• Lead the development of new programs, financial modeling standards, and policy updates, including periodic refinements to the Qualified Allocation Plan (QAP).
• Monitor market conditions, regulatory changes, and industry best practices to inform Agency decisions, while overseeing departmental work plans and budgets.

Multifamily Project Finance & Risk Oversight

• Direct the underwriting, structuring, and closing of complex affordable housing transactions utilizing LIHTC, tax-exempt bonds, and federal or state funding.
• Maintain sound underwriting standards and ensure robust credit risk assessments and portfolio-wide risk management procedures.
• Coordinate deal approvals through internal credit committees, executive leadership, and the Board of Commissioners.

Team Leadership & Stakeholder Relations

• Directly lead, mentor, and develop a team including Multifamily Loan Officers, the Senior Credit Risk Manager, and our Building & Design Specialist.
• Serve as the primary representative to housing developers, investors, syndicators, public agencies, and legislative stakeholders.

The Perks

• A comprehensive benefits package including medical, dental, and vision coverage for you and the family or optional buy-out plan
• Flexible Spending Account & Dependent Care Account
• Company-sponsored Short and Long-Term Disability
• Company-sponsored Life Insurance
• Up to $4,000 educational assistance
• Employee Assistance Program
• Combined Time Off & Holiday Pay
• Up to 6 weeks of paid time off for parental and family leave
• Parking Reimbursement for designated lots
• 403b Savings Account & 457 Retirement Plan

Ready to help us build a stronger community?

Apply today to join our collaborative, solution-oriented executive team!

What You Bring to the Table

• At least 10 years of progressively responsible experience in affordable housing finance, commercial lending, or real estate development, including a minimum of 5 years in a supervisory or management role.
• Extensive structural knowledge of Low-Income Housing Tax Credits (Section 42), tax-exempt bond financing, and public-private multifamily underwriting.
• A Bachelor's degree in Finance, Real Estate, Urban Planning, or a related field (Master’s degree or professional certifications preferred), or an equivalent combination of advanced experience and education.
• Exceptional relationship-management and negotiation skills, with a track record of presenting complex financial structures to boards, elected officials, and investors.
• Ability to travel across the state as needed to represent VHFA at industry meetings, conferences, and project sites.
• A deep commitment to community development and shared alignment with VHFA’s VIIBE values: Integrity, Innovation, Belonging, and Equity.

Work Environment & Flexibility This position offers a hybrid work structure. To ensure a smooth transition and deep integration with our team, this role requires 3 to 4 days per week of in-office training and onboarding for the first 90 days. Afterward, you will transition to our standard hybrid policy (minimum of 2 days per week in our collaborative Burlington office, with remote flexibility the remaining days). You will also join us in person for required Board, committee, and Agency events