Affordable Housing Developer II

Bellwether Housing • Seattle, WA

2d • Hybrid

About The Position

The Housing Developer II is responsible for the effective execution of all aspects of affordable housing development projects, from initial feasibility through conversion to property management, including both new construction and the recapitalization, resyndication, and rehabilitation of existing affordable housing assets. In this role, you'll Manages a direct workload of multiple projects in various stages of feasibility through development and close-out.

Requirements

• Five+ years of multi-family housing development experience.
• Familiarity and experience with complex real estate development and financing mechanisms utilized for affordable housing, including tax-exempt bond financing, low-income housing tax credits, property tax exemptions, and soft public funding sources, including experience negotiating financing terms, regulatory, and partnership agreements.
• Expertise in utilizing the Low Income Housing Tax Credit Program and other affordable housing funding programs.
• Experience negotiating contracts.
• Development project management experience.
• Demonstrated expertise with real estate proformas and financial analysis tools.
• Demonstrated expertise in reading and understanding property surveys, architectural drawings, site plans, title, and legal documents.
• Proven ability to manage time effectively across multiple projects.
• Expertise in Microsoft Office Suite, especially Excel.
• Effective oral and written communication skills and ability to represent Bellwether to public officials, community groups, and our lenders, investors, and partners.
• Ability to work independently with little or no supervision.

Nice To Haves

• Experience recapitalizing, resyndicating, and rehabilitating existing affordable housing properties, including navigating asset management constraints, tenant-in-place construction, and complex financing structures for preservation projects.
• Successful experience using the City of Seattle and the State of Washington’s funding sources for low-income housing.
• Current or recent involvement with a non-profit or community-based housing organization.
• Bachelor’s degree, or equivalent work experience approved by the Director.
• Master’s degree in real estate development, finance, or related field preferred.

Responsibilities

• Lead the recapitalization, resyndication, and rehabilitation of existing affordable housing properties, including evaluating preservation opportunities, structuring complex financing, coordinating tenant-in-place construction, and guiding projects through closing and stabilization.
• Securing financing, entitlements, and community support for development projects.
• Managing the successful development of projects through acquisition, design, construction, and stabilization.
• Using effective project management practices in controlling and documenting the schedule, budget, and development progress.
• Providing team support to other developers as needed.
• Working effectively with team members to support Bellwether’s interests and mission.

Benefits

• Competitive compensation accompanied by a generous benefits package.
• Medical, dental, and vision insurance.
• A 403(b)-retirement plan with an employer match, guiding you towards a prosperous future.
• Fuel for your personal and professional development with up to $1,500 in employer-paid continuing education per year.
• An ORCA Transit Pass to navigate the city with ease.
• Up to 24 paid days off in your first year, prorated personal days renewed annually, and 8 paid office closure days.
• The chance to be part of a transformative mission, leaving a mark on the lives of those we serve in our communities.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level