Affordable Housing Developer II

Overview

Start your career at Bellwether Housing as a Housing Developer II in the vibrant city of Seattle, WA

Through the development, ownership, and operations of affordable housing properties, Bellwether Housing has been a trailblazer in transforming the lives of lower-income individuals and families in our region. As the largest non-profit housing provider in the Pacific Northwest, Bellwether is a leader in State and local housing policy issues, an innovator in financing and housing development strategies, and a trusted partner to a diverse array of organizations in our community, while providing resident and real estate development services to other mission-driven non-profits around Western Washington.

Salary: $105,400-$128,850/annually

The posted salary reflects the full pay range for this position. Offers made to qualified candidates will be made within this range and will bedeterminedbyvarious factors, including knowledge, skills, experience, qualifications, location, and other factors that would be critical to success in this role.

The Housing Developer II is responsible for the effective execution of all aspects of affordable housing development projects, from initial feasibility through conversion to property management, including both new construction and the recapitalization, resyndication, and rehabilitation of existing affordable housing assets. In this role, you'll manage a direct workload of multiple projects in various stages of feasibility through development and close-out.

Hybrid, 2-3 days onsite. Monday-Friday, 9:00 am – 5:00 pm.

• Lead the recapitalization, resyndication, and rehabilitation of existing affordable housing properties, including evaluating preservation opportunities, structuring complex financing, coordinating tenant-in-place construction, and guiding projects through closing and stabilization.
• Securing financing, entitlements, and community support for development projects.
• Managing the successful development of projects through acquisition, design, construction, and stabilization.
• Using effective project management practices in controlling and documenting the schedule, budget, and development progress.
• Providing team support to other developers as needed.
• Work­ing effectively with team members to support Bellwether’s interests and mission.

• Five+ years of multi-family housing development experience.
• Familiarity and experience with complex real estate development and financing mechanisms utilized for affordable housing, including tax-exempt bond financing, low-income housing tax credits, property tax exemptions, and soft public funding sources, including experience negotiating financing terms, regulatory, and partnership agreements.
• Expertise in utilizing the Low Income Housing Tax Credit Program and other affordable housing funding programs.
• Demonstrated expertise with real estate proformas and financial analysis tools.
• Demonstrated expertise in reading and understanding property surveys, architectural drawings, site plans, title, and legal documents.
• Proven ability to manage time effectively across multiple projects.
• Expertise in Microsoft Office Suite, especially Excel.
• Effective oral and written communication skills and ability to represent Bellwether to public officials, community groups, and our lenders, investors, and partners.
• Ability to work independently with little or no supervision.

• Experience recapitalizing, resyndicating, and rehabilitating existing affordable housing properties, including navigating asset management constraints, tenant-in-place construction, and complex financing structures for preservation projects.
• Successful experience using the City of Seattle and the State of Washington’s funding sources for low-income housing.
• Current or recent involvement with a non-profit or community-based housing organization.
• Bachelor’s degree, or equivalent work experience approved by the Director.
• Master’s degree in real estate development, finance, or related field preferred.

Bellwether Housing is your platform for growth, empowerment, and purpose.…