Development Associate

MHT Housing, Inc. is a non-profit 501(c)(3) organization established in 1990, dedicated to preserving and developing high-quality affordable housing. The organization focuses on creating and maintaining housing solutions that are accessible and sustainable for communities in need. As a leader in affordable housing initiatives, MHT Housing, Inc. is committed to fostering partnerships that further their mission of providing stable and supportive living environments.

This is a full-time,
on-site Development Associate role based in Bingham Farms, MI. The Development Associate will be involved in supporting housing development projects by conducting research, helping prepare financial and analytical reports, and maintaining clear communication with stakeholders. The role also includes preparing and submitting project applications, liaising with project teams, and ensuring timely completion of assignments aligned with organizational goals.

• providing financial analysis and underwriting of various real estate projects
• effectively researching real estate entitlement information, rental and sale comparables, market data, property ownership, planning documents, and funding applications and requirements
• assisting in the assembly of funding applications
• evaluating property financial income and expense, project costs, financing, and cash flows
• assisting with project construction management and portfolio management
• maintaining and updating reports
• arranging and conducting meetings with various partners as needed
• assisting with due diligence needed to meet requirements of various lenders, syndicators, municipalities and others as needed
• maintaining records, gathering data, preparing reports and correspondence related to the work
• conducting research related to the work to assist the organization with best practices and keeping up with market trends
• assisting with project acquisition activities and feasibility assessments
• assisting in the creation of specialized documents for presentations to municipalities, potential funders, partner organizations, and other stakeholders
• assisting as needed from project inception through project completion
• assisting in closing loans with attorneys andlenders
• creating and maintaining database with project and program specific data
• assisting in the creation of any required reporting as may be requested by the MHT Board, Investors, lenders, and/or government entities

• Strong Interpersonal Skills and Communication abilities for effective collaboration with team members and partners.
• Proficiency in Analytical Skills and Research for evaluating housing projects, identifying funding opportunities, and supporting project proposals.
• Strong proficiency in Microsoft Office Suite (Excel, PowerPoint, Outlook and Word).
• Previous experience in underwriting multifamily housing and/or commercial transactions is preferred.
• Previous experience working with federal, state, and local affordable housing programs is preferred.
• Experience in grant writing is preferred.
• Strong work ethic and initiative; desire to work in an entrepreneurial, team-based environment.
• Detail-oriented with strong organizational and time management skills.
• Ability to work independently and manage multiple tasks efficiently in an on-site setting.
• Experience or knowledge in affordable housing development or non-profit sectors is an advantage.
• Bachelor’s degree in a related field such as Urban Planning, Finance, Economics, Accounting, Real Estate, or a similar discipline preferred.