David Sobel
Chief Executive Officer at San Francisco Housing Development Corporation- Claim this Profile
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Bio
Experience
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San Francisco Housing Development Corporation
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United States
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Real Estate
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1 - 100 Employee
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Chief Executive Officer
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Jun 2013 - Present
Executive in charge of operations for a 34-year-old, community-based, non-profit housing development, economic development, social services, and financial empowerment corporation in San Francisco. Oversee the design and implementation of all programs and services, with a reach of over 5,000 people each year. Lead all of the organization's efforts, including strategic planning, fundraising, communications, board development, real estate transactions, supportive services, financial empowerment and community economic development and neighborhood revitalization.During my tenure, we have:- Quadrupled our housing production from 350 units to over 1,550, with another 500 units in the pipeline;-Increased our annual revenue from $600k to over $6 million; -Expanded our resident services programs from 30 households at one site to 970 households across 8 sites, with service provision planned for an additional 200 households at three new sites currently in the pre-development stage; -Grown our annual financial empowerment clientele from 250 to more than 1,500; -And enhanced our economic development programming to serve small businesses, food entrepreneurs, and artists through technical assistance and other support. Lead the stewardship of over 1,050 permanently affordable apartments for families and seniors, including supportive housing for formerly homeless households and those with special needs. Our portfolio houses over 3,000 residents of extremely low-, low- and moderate income.
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Principal
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Jan 2011 - Dec 2013
Assess all aspects of nonprofit organization and management, with particular focus on affordable housing programs and real estate development and management. Provide strategic direction for program design and implementation. Prepare financial feasibility analysis and funding proposals. Facilitate strategic planning sessions and lead training of staff and board members. Write and present materials to elected officials, community groups and general public.Highlights include:Produced a thorough review of fair housing law, case history and local preference policies, with recommendations for jurisdictions interested in implementing preferences for affordable housing. Drafted a detailed analysis tool for assessing and implementing Inclusionary Housing Programs.Provided strategic management consulting for an existing, high-growth affordable ownership portfolio.Performed market analysis and crafted a recommended structure for a new housing acquisition and renovation program.
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Manager
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Jul 2003 - Apr 2012
Reporting to Deputy Executive Director, supervise staff managing capital projects in several Redevelopment Project Areas, with primary focus on Bayview Hunters Point, Hunters Point Shipyard, Mission Bay and the Western Addition. Oversee the Agency's Inclusionary Housing Program (rental and for-sale) and Homeownership Program.Highlights include:• Supervised project staff on single-family and multi-family, residential and mixed-used projects within diverse communities.• Managed the production of more than 1,000 units, with approximate total costs of $350 million.• Led the restructure and refinance of unique, politically sensitive, $14 million assisted living facility.• Created six new loan programs and Individual Development Account program totaling $12 million.• Piloted the design and implementation of $2 million Model Block Program, comprised of Streetscape Improvement Project and home renovation loans, through inter-agency partnership.• Managed 1,500-unit inclusionary housing program, including negotiation with developers and oversight of marketing, lease-up, sales and asset management activities.• Oversaw 800-unit ownership portfolio; supervised sales (300 in last 2 years), subordinations, payoffs, monitoring/compliance, customer service; created loan database; produced home buyer DVD.
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Founder and Sole Proprietor
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1998 - 2003
Launched a successful service business with minimal start-up and overhead costs. Expanded to 7 staff, served over 250 clients annually. Oversaw marketing and customer relations; hiring, training and supervision of staff; billing and collections. Rapid growth and success led to interviews with the London Times, Washington City Paper, and NPR. Named one of the top pet care services in the metropolitan area by Washingtonian Magazine. Launched a successful service business with minimal start-up and overhead costs. Expanded to 7 staff, served over 250 clients annually. Oversaw marketing and customer relations; hiring, training and supervision of staff; billing and collections. Rapid growth and success led to interviews with the London Times, Washington City Paper, and NPR. Named one of the top pet care services in the metropolitan area by Washingtonian Magazine.
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Enterprise Community Partners
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Civic and Social Organizations
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300 - 400 Employee
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Program Director and Loan Officer
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Jan 1997 - Jan 1998
Reporting to Vice President, served as primary liaison between national headquarters, local offices and community partners in four regional markets, including California, New Mexico, Oregon and Georgia. Performed extensive financial feasibility analysis of proposed investments, reviewed project budgets and plans, and worked with sponsors to obtain alternate funding. Underwrote requests for acquisition, predevelopment and construction loans. Prepared and presented investment packages to national loan committee. Managed loan portfolio and assisted in deal restructuring. Assessed borrower's strengths and recommended strategies to improve their organizational capacity.
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Westhab, Inc.
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United States
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Non-profit Organization Management
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100 - 200 Employee
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Vice President
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1995 - 1997
Reporting to the President, oversaw all initiatives of the 15-person Real Estate Division, including planning and construction of all capital projects (rehab and new construction) utilizing Low Income Housing Tax Credits and numerous other funding sources; a robust weatherization program; a scattered-site rental rehabilitation program with private property owners; and a Housing Quality Standards inspection program for Section 8 and other rental subsidy programs. Chaired New Revenue Committee and outlined steps to diversify funding sources and create new programs. Member of Executive Team.
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Asian Americans for Equality
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United States
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Non-profit Organizations
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1 - 100 Employee
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Director of Real Estate
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1993 - 1995
Coordinated all real estate activities for nationally acclaimed organization, including gut rehab and new construction of affordable housing for families and seniors. Supervised the Property Management affiliate and monitored the existing assets, comprised of approximately 250 units within Low Income Housing Tax Credit properties. Led a study of the housing needs and conditions of Chinatown. Initiated rehabilitation loan fund for low-income households. Oversaw the tenant organizing program for our owned properties. Member of Executive Team; Served as Acting Executive Director in Executive Director's absence.
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New York City Department of Housing Preservation and Development
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Renewables & Environment
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1 - 100 Employee
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Planner/Project Manager
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Jun 1989 - Apr 1993
Coordinated community planning and housing development activities in East Harlem and the Lower East Side of Manhattan. Worked extensively with non-profit and for-profit developers, city agencies and community boards to advance projects. Oversaw production of more than 500 affordable housing units, predominantly utilizing Low Income Housing Tax Credits and local funding. Managed the planning and predevelopment process for a complex 135-unit, limited equity cooperative, involving site acquisition and assemblage, environmental review, architectural review, community acceptance and equity structure for homeowners.
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Education
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Harvard University, John F. Kennedy School of Government
Executive Education Program through NeighborWorks America's Achieving Excellence Program, Non-Profit/Public/Organizational Management -
The Bank of America Neighborhood Builders Leadership Academy
Community Development, Non-profit Management -
Columbia University
BA, Architecture Major, with a Concentration in Film -
High School