Housing Developer II - Affordable Housing

HumanGood • Seattle, WA

1d • $95,000 - $130,000 • 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. Under the general supervision of a Development Director, the role supports all stages of development, from planning through closeout, for new and rehabilitated housing. Work includes feasibility analysis, pre-development review, and arranging public and private financing.

The position may involve assessing community needs; identifying and acquiring sites; developing feasible housing proposals, budgets, and schedules; assisting with community notification; preparing and reviewing funding applications; and coordinating internal development teams and external consultants. The role is based onsite in Seattle, Washington, and is scheduled Monday through Friday, 8:30 a.m. to 5:00 p.m. The stated 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; 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 effectively solve problems.
• 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.
• Conduct research and 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 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 public and private 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 construction meetings, support communication during construction, and submit financing draws to public and private sources.
• Maintain working relationships with clients, owners, and external team members.
• Complete reports for funders.
• Facilitate cost certifications with accountants and consultants.
• Manage ongoing project files and final archives.
• Support the BDG team in identifying and responding to Requests for Proposals.
• Represent Beacon on external committees and boards.
• Support project development activities such as assessing community needs, identifying and acquiring sites, formulating housing proposals and schedules, assisting with community notification, preparing and reviewing funding applications, and coordinating internal teams and external consultants.

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, plus 7 company holidays.
• 401(k) with up to a 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