Chief Operating Officer

Chief Operating Officer (COO)

Release date: July 18, 2025
Start Date: On or before September 30, 2025

Position Overview
The Chief Operating Officer (COO) is a senior leader responsible for overseeing and aligning VCDC’s core operational areas: Acquisitions (Development), Asset Management, and Equity Funds. Reporting directly to the President & CEO, the COO ensures strategic plans are effectively implemented and that operational systems support VCDC’s mission, people, and partners.

The COO will strengthen internal processes, manage cross-functional performance, and foster a thriving, equity-driven organizational culture. This role is ideal for a systems thinker and collaborative leader ready to translate strategy into sustainable, mission-aligned impact. Learn more about VCDC’s Strategic Framework guiding this work here.

About VCDC
VCDC is a nonprofit community development organization based in Richmond, Virginia. We 
provide capital solutions and strategic partnerships to support affordable housing and community development across Virginia and beyond. Our work includes equity investments backed by LowIncome Housing and Historic Tax Credits, compliance and capacity-building support, and consulting services. Through our affiliates, the Virginia Community Development Fund (VCDF) and Virginia Community Development Advisory Services (VCDAS), we also offer lending and technical assistance for housing, commercial, and economic development projects.

Our work is guided by the following values:
• People – We go the extra mile for those we serve and work with.
• Partnerships – We collaborate with empathy, curiosity, and shared purpose.
• Community – We define success by the housing and economic security we help deliver.
• Equity – We invest in overcoming injustice and advancing opportunity.
 

As VCDC grows, the COO will play a key role in helping our team work better together, 
improving how we deliver on our mission, and supporting the people and communities we serve.

Key Responsibilities

Operations & Performance
• Lead daily operations across Acquisitions, Asset Management, and Equity Fund 
programs.
• Align teams and systems to organizational strategy; track and report on key performance 
indicators.
• Oversee equity fundraising efforts, fund readiness, capital deployment, underwriting, and 
asset oversight.
• Improve internal workflows and ensure compliance with investor, legal, and 
programmatic standards.

People & Partnerships
• Supervise and support staff of Acquisitions, Asset Management, and Equity Fund 
programs; promote shared learning and accountability.
• Champion a culture of inclusion, mission alignment, and operational excellence.
• Represent VCDC at conferences, with partners, and in external forums.
• Collaborate with the CEO and leadership team on strategic priorities and Board 
engagement.

Key Competencies
• Strategic execution and operational alignment
• Cross-functional team leadership and coaching
• Financial fluency in housing, funds, and development
• Equity-centered problem solving and communication
 

Performance Expectations
The COO will:
• Deliver integrated, high-performing operations aligned to VCDC’s mission, strategy and 
goals.
• Maintain operational clarity, timely execution, and effective team collaboration.
• Support staff growth and internal capacity while building trust across teams and 
stakeholders.

Qualifications
At VCDC, we recognize that leadership and impact come from a variety of paths. If you believe you have the skills and experience to succeed in this role, even if you don’t meet every listed qualification, we encourage you to apply.

Ideal candidates will bring many of the following qualifications:
• 10+ years of leadership experience in affordable housing, real estate, community 
development, or related sectors
• Demonstrated experience managing people, systems, and organizational performance, 
with a track record of leading growth, scaling operations, strengthening systems, and 
guiding teams through periods of change or transformation; including equity fundraising 
or other mission-driven initiatives.
• Demonstrated proficiency and comfort utilizing technology tools and platforms, 
particularly Microsoft Office Suite (Word, Excel, PowerPoint, Outlook)
• Demonstrated commitment to equity-centered leadership and integrating DEI principles 
into organizational culture and operations
• Experience supporting or collaborating with nonprofit boards, investors, or external 
stakeholders in a leadership capacity
• Strong interpersonal, financial, and operational communication skills
• Familiarity with equity fund structures, asset management, and investor communication
• A bachelor’s degree or equivalent experience is required; an advanced degree in business, public administration, planning, or a related field is preferred

Work Environment & Additional Information
• Location: Richmond, VA
• Work Arrangement: Hybrid (Remote/In-Person)
• Position Type: Full-Time, Exempt 
• Reports To: President & Chief Executive Officer
• Department: Executive Leadership
• Supervisory Responsibility: Yes
• Start Date: On or before September 30, 2025
• Travel: Occasional travel required across Virginia and adjacent states. A valid driver’s 
license is essential.

• Organizational Culture: VCDC fosters a values-driven culture grounded in our mission. 
Team members are expected to work with purpose and clarity, lead with integrity and 
inclusion, communicate transparently and collaboratively, and commit to continuous 
learning and improvement.
• Physical Requirements: This position requires the ability to perform standard office 
tasks including reading, data input, and verbal communication; analytical tasks such as 
interpreting data and problem-solving; and occasional lifting or carrying of items up to 20 
pounds. Reasonable accommodation will be made to enable individuals with disabilities 
to perform the essential functions of the role.

Compensation & Benefits
At VCDC, we believe compensation should reflect both the impact of the work and our 
commitment to organizational values. We use national and local salary surveys, structured pay bands, and internal benchmarking to ensure our pay practices are fair, competitive, and transparent.

• Salary and Pay Band: $135,000 to $205,000. This represents the full compensation 
range for the role over time, not necessarily the starting salary.
• Starting Salary: The expected starting salary will be commensurate with experience, 
skills, and qualifications. Candidates should expect an offer within the lower to midrange based on relevant experience, with progression opportunities tied to performance 
and tenure.
• Bonuses: Performance-based bonuses may be available depending on individual and 
organizational outcomes.

Our total compensation package includes a range of financial, wellness, and professional 
benefits:
• Health & Wellness: Medical, dental, and vision insurance with 100% employer-covered 
options; 24/7 telemedicine; a confidential Employee Assistance Program (EAP) offering 
mental health and wellness support; and access to a free office gym
• Time Off & Flexibility: Generous paid time off (PTO) and volunteer time off; hybrid 
work environment; free parking; casual dress; and ergonomic workstations
• Financial Security: Employer-paid life, AD&D, and long-term disability insurance; 
retirement plan with employer-funded contribution after one year; and tech/cell phone 
stipend (as applicable)
• Professional Growth: Tuition reimbursement, industry certification support, and a 
mission-driven, learning-focused culture
• Note: Benefits and compensation details are provided for informational purposes and are 
subject to change.

How to Apply: Please submit your resume and a brief cover letter describing your interest and qualifications at the link below. Applications will be reviewed on a rolling basis, and the position will be open until filled.

https://form.jotform.com/VCDC/EmploymentApplication

 
Equal Opportunity & Equity Statement
VCDC is an equal opportunity employer committed to building a diverse and inclusive team. We recruit, employ, train, compensate, and promote without regard to race, religion, color, national origin, sex, sexual orientation, gender identity or expression, age, disability, veteran status, or any other protected status as required by law.

Background Check Notice
All offers of employment at VCDC are contingent upon the successful completion of a 
background check. This may include verification of employment and education history, 
reference checks, Social Security validation, and a review of criminal history. A criminal record does not automatically disqualify a candidate. We consider the nature of the offense, how long ago it occurred, its relevance to the role, and whether it presents an unreasonable risk to our organization or community.