Foothills Regional Housing is seeking a Development Associate who can hit the ground running to support all stages of the development process. The qualified candidate is a self-starter who will enjoy working in a large team environment with staff and various consultants to develop new housing and redevelop existing FRH communities. This position requires excellent communication, a high level of detail, and ability to manage multiple projects. The Development Associate will work closely with the Director of Development and Construction Manager to analyze development opportunities, build out project management and tracking tools for development and construction, and assist in developing FRH development policies, processes, and strategies.
• Assists in identifying, analyzing, acquiring and developing properties for rehabilitation and/or new construction. Coordinates the evaluation of siting and marketing issues, entitlement, community notification, preparation of development budgets and operating proformas, preparation of funding proposals, and coordination of loan closings and reporting requirements.
• Assists in preparing applications for competitive and non-competitive Low-Income Housing Tax Credits (LIHTC), including coordinating third party reports (survey, market study, etc.), updating financial models, and gathering and preparing a wide variety of application items.
• In tandem with the Director of Procurement, coordinates the preparation of Bids, RFQ’s, RFP’s and appropriate procurement of professional services related to housing development, and the management and administration of such services.
• Coordinates and helps manage multiple housing projects in various phases of the development process, including due diligence. Works closely with other FRH team members, and with attorneys, accountants, and other outside consultants to assist in the of review legal and accounting documents, and other specialized services (appraisals, surveys, architectural, engineering, and other development-related documents)
• Coordinates RFI’s and submittals, assisting with resolution of design issues throughout the stages of the design/pre-construction process; tracking and managing design finish and fixture selections.
• Attends weekly OAC meetings and monitors coordination of the work of Architect, Engineers, and General Contractor.
• Tracks development and construction budgets, reviewing and processing change orders, coding and processing development-related invoices, and preparing construction draws.
• Assists Construction Manager to oversee a project’s punch list and warranty process.
• Prepares a variety of reports for CHFA, CDOH, Limited Partners and Jefferson County and internal updates during development and construction.
• Reviews complex finance documents and contracts to track reporting and compliance obligations and develop tools and strategies to meet such obligations.
Specific Job Skills
· Demonstrates excellent attention to detail
· Demonstrates a high level of verbal and written communication skills
· Is proactive and seeks to manage development risks
· Contributes strong organizational and project management skills to facilitate successful execution of highly complex and detailed transactions
· Demonstrates excellent computer skills, including MS Office, Adobe Acrobat, and advanced proficiency with MS Excel and online research
· Works independently, make sound decisions quickly under deadline pressures, and tolerate risk.
· Demonstrates understanding of, and/or seeks explanation of, complex written directions from government agencies.
· Valid Colorado driver’s license, auto insurance, and reliable transportation required.
• Methods, techniques, costs, and processes of multi-family housing design and construction
• Affordable housing financing sources and tools including LIHTC, Project-Based HAP Contracts, CDBG, HOME, and private activity bonds
• HUD and federal government compliance and regulatory requirements
• Federal, state, and local laws, codes, and regulations governing affordable housing
• Market studies, development and operating budgets, and real estate transaction documents
• Building, planning, and zoning codes
Successful applicants will have the ability to:
• Take ownership of assigned tasks and independently manage tasks to resolution
• Understand and seek explanation of complex written instructions, legal documents, and government regulations
• Assist in procuring and managing consultants and development teams
• Collaborate successfully with a wide variety of internal and external partners
Education and/or Experience
• At least one year experience with real estate transactions or at least one year experience with architectural design and construction and post-secondary education in urban planning, architecture, real estate, construction management, real estate finance, or a related discipline.
• A combination of relevant experience and education may substitute for the above requirements.
Full-time position, requiring occasional evening and/or weekend hours and some out-of-town travel. Requires ability to walk or otherwise physically inspect construction sites. Requires use of personal vehicle, must have liability insurance and valid driver’s license. Must be able to lift 30 pounds and climb multiple flights of stairs.
Salary range is $58,000 to $70,000. FRH is an EOE.