Housing Developer II - Affordable Housing

HumanGood • Seattle, WA

18h • Onsite

About The Position

Beacon Development Group, a HumanGood Company, is hiring a Housing Developer II (HDII) to work with a team developing multiple affordable housing projects, including new construction and rehabilitation. Under the general supervision of a Development Director, the HDII supports all stages of project development, from planning through closeout. Work includes feasibility analysis, pre-development review, arranging public and private financing, assessing community needs, identifying and acquiring sites, preparing feasible housing proposals with budgets and schedules, assisting with community notification, preparing and reviewing funding applications, and coordinating internal project teams and external consultants. The role is onsite in Seattle, Washington, with a full-time schedule Monday through Friday, 8:30 AM to 5:00 PM. The salary range is $95,000–$130,000, depending on experience.

Requirements

• At least 2 years of experience in affordable housing.
• A bachelor's degree and/or graduate degree in finance, planning, public administration, business, or a related field; demonstrated successful experience (2 years) in multifamily 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 public and private financing, such as bank loans, bridge loans, and tax credits.
• Demonstrated ability to lead teams and work as a team member.
• Demonstrated ability to independently oversee large, complex projects and solve a variety of issues.
• Experience working in diverse groups.
• Commitment to the organization's mission and goals.

Responsibilities

• Research and develop information for project concept development.
• Research and develop realistic project capital and operating budgets.
• Research and perform due diligence on funding sources and site acquisition.
• Underwrite and analyze project financing, including construction loans, permanent debt, tax-exempt bonds, and Low-Income Housing Tax Credits.
• Maintain open, positive relationships with public funders, investors, and financial institutions.
• Identify appropriate funding and subsidy sources for each development project.
• Work with sponsors to understand loan terms, contracts, and other documents.
• Prepare clear and effective private and public funding applications.
• Negotiate funding documents with funding sources and LIHTC investors.
• Support Construction Managers, clients, and architects in securing land-use and building permits.
• Participate in regular construction meetings, support communication throughout construction, and submit draws to public and private financing sources.
• Maintain positive working relationships with the client or owner and external team members.
• Complete reports to funders.
• Facilitate cost certifications with accountants and consultants.
• Manage ongoing project files and final archives.
• Support the Beacon Development Group team in identifying and responding to Requests for Proposals.
• Represent Beacon on external committees and boards.
• Support project development activities including community-needs assessment, site identification and acquisition, proposal development, community notification, and coordination of internal and external teams.

Benefits

• Health, dental, and vision plans, starting the first of the month following the start date.
• 20 days of paid time off, increasing with years of service.
• 7 company holidays.
• 401(k) with up to 4% employer match and immediate vesting.
• Health Savings Account option with employer contribution.
• Tuition reimbursement and continuing education programs.
• $25 per line unlimited cell phone plan, plus taxes and fees.
• Cell phone stipend.
• Employer-paid employee assistance program.

What This Job Offers

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