Housing Developer II - Affordable Housing

Beacon Development Group (a HumanGood Company) is hiring a Housing Developer (HDII). The Housing Developer II (HDII) works with a team of staff to develop multiple affordable housing projects. Under general supervision of a Development Director, the HDII’s work includes feasibility, pre-development review, and arranging financing from public and private sources for all phases of the development. Projects include both new and rehabilitated housing. The HDII position is responsible for supporting all aspects of project development from planning to closeout. The scope of this position’s responsibility may include the following: assessment of community needs; identification and acquisition of appropriate sites; formulation of feasible housing proposals, including development and operating budgets and project schedules; assisting the sponsor in conducting community notification; preparation and review of funding applications; and coordination of internal members of the project development teams and external consultants.

Schedule: FULL-TIME

• Monday - Friday at 8:30 AM - 5:00 PM

Location: Seattle, WA (onsite)

Salary Range: $95,000 - $130,000, depending on experience

To be successful in this role, you would have:

• 2+ years' experience in affordable housing required.
• BA and/or graduate degree in finance, planning, public administration, business, or related field required; demonstrated successful experience (2 years) in multi-family affordable housing development may be substituted.
• Ability to manage multiple projects and effectively influence, negotiate, and communicate with internal and external partners.
• Ability to create and manipulate real estate financial models in Excel.
• Basic understanding of real estate terms and concepts including LIHTC, debt, subsidy sources, title and closings.
• Experience working with various types of public and private financing (e.g. bank loans, bridge loans, Tax Credits, etc).
• Demonstrated ability to lead teams and to work as a team member.
• Demonstrated ability to independently oversee large, complex projects and effectively problem solve variety of issues that may occur.
• Experience working in diverse groups.
• Commitment to the mission and goals of the organization.

In this role, you would have the following typical responsibilities:

Feasibility Analysis

• Researches and develops information required for project concept development.
• Researches and develops realistic project capital and operating budgets.
• Provides research and due diligence on funding sources and site acquisition.
• Underwrites and analyzes project financing including construction loans, permanent debt, tax-exempt bonds and Low-Income Housing Tax Credits.

Funding Sources

• Maintains open and positive relationships with public funders, investors and financial institutions.
• Identifies appropriate funding and subsidy sources for each development project.
• Works with sponsors to understand loan terms, contracts, and other documents.
• Prepares clear and effective private and public funding applications.
• Negotiates funding documents with various funding sources and LIHTC investors.

Design and Construction

• Supports Construction Managers, clients, and architects in securing all land use and building permits.
• Participates in regular construction meetings, ensures flow of communication throughout construction process, and submits draws to public and private sources of financing.

Project Management and Close Out

• Maintains positive working relationships with client/owner and all external team members.
• Completes appropriate reports to all funders.
• Facilitates completion of necessary cost certifications with accountants and consultants.
• Manages ongoing project files and final archives.

External and Internal Development

• Supports BDG Team in identifying and responding to Requests for Proposals.
• Represents Beacon on external committees and boards.

What’s in it for you?

At HumanGood, your work makes a meaningful impact every day.

Build your future where you’re supported - you’ll have the total rewards you need to build a confident, secure life for you and your family. Count on a compensation package that maximizes your health, wealth and well-being. And adds up to 40% in value to your base compensation.

We offer a comprehensive range of benefits and perks to support you, including:

• Health, Dental and Vision Plans- start the 1st of the month following your start date
• 20 days of paid time off (increases with years of service), plus 7 company holidays
• 401(k) with up to 4% employer match and no waiting on funds to vest
• HSA option with employer contribution
• Tuition Reimbursement and continuing education programs
• $25/line unlimited cell phone plan (plus taxes and fees)
• Cell Phone Stipend
• 5-star employer-paid employee assistance program

Join a purpose-driven organization where you can grow your career, collaborate with great teams, and make a meaningful impact every day.

Learn more: www.HGcareers.org