The Housing Developer II (HDII) works with a team to develop multiple affordable housing projects. Under general supervision of a VP of Development, the HDII’s work includes feasibility, pre-development review, and arranging financing from public and private sources for all phases of the development. Projects include both new and rehabilitated housing. The HDII position is responsible for supporting all aspects of project development from planning to closeout. The scope of this position’s responsibility may include the following: assessment of community needs; identification and acquisition of appropriate sites; formulation of feasible housing proposals, including development and operating budgets and project schedules; assisting in conducting community notification; preparation and review of funding applications; and coordination of internal members of the project development teams and external consultants.
Feasibility Analysis
- Researches and develops information required for project concept development;
- Researches and develops realistic project capital and operating budgets;
- Provides research and due diligence on funding sources and site acquisition.
- Underwrites and analyzes project financing including construction loans, permanent debt, tax-exempt bonds and Low-Income Housing Tax Credits.
Funding Sources
- Maintains open and positive relationships with, public funders, investors and financial institutions;
- Works with sponsors to understand loan, contract and other documents;
- Identifies appropriate funding and subsidy sources for each development project;
- Prepares clear and effective private and public funding applications;
- Negotiates funding documents with various funding sources and private investors.
Project Management
- Manages acquisition of properties from purchase and sale agreement to closing and escrow;
- Manages design process with clients and architects including securing all land use and building permits;
- Participates in construction contracting and pricing/bidding process with help from construction manager;
- Processes and maintains accurate and functional filing system for all construction process documents including draws, change orders, meeting minutes, etc.;
- Participates in regular construction meetings, ensures flow of communication throughout construction process, and facilitates draws from public and private sources of financing;
External and Internal Development
- Independently manage and maintain positive relationships with external partners, consultants, and clients;
- Represent HumanGood at industry events and on external committees and boards.
MINIMUM REQUIREMENTS
- BA or graduate degree in finance, public administration, business, or related field; demonstrated successful experience (2 years) in multi-family affordable housing development may be substituted;
- Demonstrated ability working as a team member;
- Proficient in MS Word and Excel;
- Excellent oral and written communications skills;
- Experience working in diverse groups;
- Commitment to the mission and goals of the organization;
- Valid PA Driver’s License and willingness to travel;
- Location: Employee will be based on our Lafayette Hill, PA office; some travel required; hybrid work environment expected
What's in it for you
What's in it for you
As one of the largest nonprofit owner/operator of senior living communities in the country, we are more than just a place to work. We are here to ensure that all we serve are provided with every opportunity to become their best selves as they define it, and this begins with YOU.
At HumanGood, we offer the opportunity to be part of something bigger than yourself on top of an incredible package of benefits and perks for our part-time and full-time Team Members that can add up to 40% of your base pay.
Full-Time Team Members are eligible for the following:
- 20 days of paid time off, plus 7 company holidays (increases with years of service)
- 401(k) with up to 4% employer match and no waiting on funds to vest
- Health, Dental and Vision Plans- start the 1st of the month following your start date
- $25 per line Cell Phone Plan
- Tuition Reimbursement
- 5 star employer-paid employee assistance program
- For information about additional benefits go to: www.HGcareers.org
Salary range: 80k-100k
Come see what HumanGood has to offer!