Senior Affordable Housing Associate

Stoel Rives • Seattle, WA

1d • Hybrid

About The Position

Stoel Rives LLP is seeking an associate with six or more years of affordable housing experience to join its Real Estate Practice Group. The Real Estate & Construction Team consists of more than 60 attorneys who provide legal counsel to real estate owners, developers, contractors, investors, and lenders, as well as architects, engineers, and suppliers. Our real estate, development, and construction attorneys assist clients with the land use, design, acquisition, disposition, development, financing, risk allocation and insurance assessment, construction, leasing, and sale of commercial, residential, and agricultural properties.

Requirements

• Six or more years of affordable housing experience.
• LIHTC experience (9% and 4%), including tax-exempt bond financings and layered financing structures.
• Familiarity with HUD programs such as Section 8/HAP, RAD conversions, FHA-insured loans (e.g., 221(d)(4), 223(f)), mixed-finance, HOME/CDBG, and state housing finance agency requirements.
• Experience with preservation, resyndications, portfolio transactions, rehabilitation, and scattered-site projects.
• JD and active bar membership in good standing; ability to gain admission where required.

Nice To Haves

• Candidates need not have all of them; rather, having many of them coupled with the drive and enthusiasm to develop the rest is paramount.

Responsibilities

• Experience with the full lifecycle of affordable housing deals: site control, due diligence (title/survey, zoning, property tax exemptions), financing, construction/permanent loan closings, and post-closing matters.
• Experience drafting core deal documents, including development agreements, disposition/purchase sand sale agreements, partnership/operating agreements, loan and credit agreements, regulatory and land use agreements, ground leases, joint venture agreements, and debt and equity opinion letters.
• Experience coordinating and negotiating with lenders, investors, municipal and state agencies, and third-party consultants; shepherding multi-party, multi-deadline transactions.

Benefits

• variety of training programs and retreats addressing practice area topics and skills at all levels, as well as legal and professional skills generally.
• coaching and mentoring program
• new lawyer integration program provides new lawyers with the resources and information necessary to succeed after they join the firm.
• core competency model which is a roadmap of the practical skills, abilities, and client service techniques needed for long-term success at the firm.
• ABA Well-Being Pledge

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: Ph.D. or professional degree