Here's an overview:
The Senior Housing Developer brings expertise and leadership to a diverse range of projects from large-scale, mixed-use urban projects to small developments for special needs populations.
Responsible for effective execution of all aspects of affordable housing development projects, from initial feasibility through conversion to property management. Executes or oversees analysis, financing, design, community outreach, and development, with programmatic oversight from the Director of Real Estate Development. Works in teams with other housing developers, development partners, and external consultants.
Manages a direct workload of multiple projects in various stages of feasibility through development and close-out.
This is what you'll be doing:
The Senior Housing Developer should be able to work independently to:
- Manage all project development stages, including feasibility, design, due diligence, community outreach, production of development and operating budgets and other financial analyses, management of construction management, and cost certification. Devise methods and processes to resolve complex issues that have broad potential impact on housing projects involving competing interests, multiple clients, conflicting rules, practices, and schedules.
- Establish and cultivate positive relationships with existing and potential consulting clients throughout Washington State, as well as brokers, land sellers, investors, public and private lenders, and other funding sources.
- Understand and stay informed of changes in development climate, real estate market, and the policies and politics affecting affordable housing finance and development. Cultivate relationships with Lenders and Investors
- Solicit and negotiate terms of acquisitions and financings.
- Actively participate in local and state-wide consortia and interest groups relevant to affordable housing development and finance.
- Work collaboratively with other development team members and clients to ensure high-quality projects that meet the needs of Bellwether, the community, and our clients.
433 Minor Ave. N.
Seattle, WA 98109
Full-time. Monday-Friday, 40 hours per week hybrid schedule.
Compensation *This position offers a $500 sign-on bonus!
We offer competitive compensation and a comprehensive benefits package including:
- Starting salary is $97,771.93 1 to $110,338.94 depending on experience.
- In honor of Diversity and Inclusion, BW employees receive 10.5 holidays per year to elect of their own choosing. Note: the number of days is prorated the first year of employment based on time of start and average hours worked for non-exempt (hourly) employees.
- 24 days of paid time off in the first year of employment (for all employees working over 20 hours per week)
- 403(b) retirement plan with immediate eligibility for employee contributions and employer matching after 15 months of service
- Health, dental, and vision insurance plans, with FSA / employer-funded HSA
- Long-term disability insurance and employer-paid life insurance
- Commuter benefits
- Professional Development and Job Training Resources
- Flexible / Remote work schedules for some positions
To view our full benefits package, visit www.mybellwetherhousing.com
We want to hear from you if you have these:
- Bachelor’s Degree in real estate development, urban planning, finance, or related field and a minimum of multi-family housing development experience.
- Demonstrated expertise in complex real estate development and financing mechanisms for affordable housing, including tax-exempt bond financing, low-income housing tax credits, property tax exemptions, and other public and private funding sources.
- Demonstrated expertise negotiating investment and financing terms, purchase and sale agreements, construction contracts, and other similar agreements.
- Proven ability to manage multiple projects.
- Ability to produce reliable and thorough development and operating budgets, and longer-term financial analyses of affordable housing transactions.
- Excellent written and oral communication skills.
- Demonstrate critical thinking and the ability to make decisions in a timely manner.
- Ability to work independently with little or no supervision.
- Ability to communicate with and receive direction from Director and/or Program Manager, and other Bellwether Departments.
- Demonstrated ability and desire to mentor and collaborate with other Development Team members.
- A minimum of 7+ years of multi-family affordable housing development experience.
Even better if you have these desired qualifications:
- Master’s degree in real estate development, finance, or related field.
- Successful experience using the City of Seattle and State of Washington’s funding sources for low-income housing.
- Current or recent involvement with a non-profit or community-based housing organization.
- Experience with advocacy in public funding needs.
- Participation and connections to industry trade groups and associations.
Bellwether Housing provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.
We value having employees whose skills, experience and background reflect the diverse populations we serve. We are dedicated to building a diverse workplace, where employees feel a sense of belonging and are valued for their contributions and the unique perspectives they bring.
This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.