Development Analyst

BangorHousing; Bangor (ME); Hybrid; USD 60,000 - 70,000; Full time

Benefits offered by this job

Health, dental, disability and life保险

13 paid holidays

4 weeks paid time off

Public Service Loan Forgiveness

Retirement contributions

Job summary

BangorHousing is seeking a Development Analyst to provide financial analysis for housing projects using various funding sources including Federal, State, local loans, subsidies and grants. This is a full-time salaried position with primary remote work and occasional onsite visits in Bangor, ME.

The role supports feasibility assessments, regulatory compliance, risk mitigation, land acquisition, due diligence, and lender/investor communications, collaborating with the Development Director and team.

Qualifications

• Bachelor’s degree in relevant field and two years' related experience (real estate development, lending, financial analysis, budgeting, or accounting).
• Must complete Rental Housing Development Finance Professional Certification Program™ within two years at BangorHousing's expense.

Responsibilities

• Assist Development Director and BangorHousing management in all aspects of the development of real estate assets.
• Assist with assessment of project feasibility, compliance with state and federal regulations, and mitigation of risk for projects, operating budgets, rent structure, and income.
• Assist in land acquisition, working with legal counsel on purchase contracts and title, gathering due diligence materials, and tracking contract timelines.
• Assist with the tracking of project timelines and schedules.
• Compile and organize information for applications to lenders and investors.
• Organize and disseminate technical information about physical design, environmental concerns, and accessibility requirements.
• Order, review, and analyze third party reports such as market studies, appraisals, Phase I ESAs, and capital needs assessments as needed.
• Assist in financial closings with lenders and investors by gathering, reviewing, and creating necessary due diligence items.
• Perform other duties as assigned.

Skills

Project management

Financial analysis

Communication

Independent work

Creativity and analytical thinking

LIHTC knowledge (preferred)

Education

Bachelor’s degree in relevant field

Rental Housing Development Finance Professional Certification Program™ (within 2 years)

Tools

Excel

OneDrive

Teams

Job description

BangorHousing is seeking a Development Analyst to provide financial analysis for housing projects using various funding sources including Federal, State, local loans, subsidies and grants. This is an exciting opportunity for a motivated person to be part of a strong team, gain knowledge, and learn new skills to grow a career in real estate development.

This will be a full-time (37.5 hour), salaried, primary remote position with occasional meetings and onsite visits required.

Essential Functions:

• Assist Development Director and BangorHousing management in all aspects of the development of real estate assets.
• Assist with assessment of project feasibility, compliance with state and federal regulations as well as mitigation of risk for projects, operating budgets, rent structure, and income.
• Assist in land acquisition, working with legal counsel on purchase contracts and title, gathering due diligence materials, and tracking contract timelines.
• Assist with the tracking of project timelines and schedules.
• Compile and organize information for applications to lenders and investors.
• Organize and disseminate technical information about physical design, environmental concerns, and accessibility requirements.
• Order, review, and analyze third party reports such as market studies, appraisals, Phase I ESAs, and capital needs assessments as needed.
• Assist in financial closings with lenders and investors by gathering, reviewing, and creating necessary due diligence items.
• Perform other duties as assigned.

Required Skills/Abilities:

• Strong project management, time management, and organizational skills.
• Strong technology skills and familiarity with Microsoft Office suite including Excel, One Drive and Teams.
• Strong financial analysis skills.
• Ability to establish and maintain good working relationships with coworkers and business partners.
• Excellent communication skills including the ability to communicate effectively and provide presentations.
• Ability to take initiative, work independently, and use creativity and analytical skills to resolve complex issues among multiple parties.
• Knowledge of or willingness to learn about tax credits (specifically the Low-Income Housing Tax Credit (LIHTC) program) and HUD (HTF, HOME) and Federal Home Loan Bank (AHP) housing programs preferred.

Education and Experience:

• Bachelor’s degree in relevant field and two years' experience in related field such as real estate development, lending, financial analysis, budgeting, or accounting preferred.
• Must have previously completed, or be willing to complete within two years (at BangorHousing's expense), the Rental Housing Development Finance Professional Certification Program™ with the National Development Council

Pay and Benefits:

• Health, dental, short- and long-term disability and life insurance; medical and dependent care reimbursement accounts; education assistance and more
• 13 paid holidays per year
• 4 weeks paid time off per year
• Contributions to both Maine Public Employees Retirement System and Social Security
• Eligibility for Public Service Loan Forgiveness
• Opportunities to learn and grow within and beyond your role

Our approach to diversity and inclusion

We strive to have a diverse mix of people from different cultures, ages, geographies, and genders, to reflect the world in which we operate and to facilitate innovative thinking across the business.

About BangorHousing

BangorHousing is a quasi-governmental agency that provides housing opportunities for low-to-moderate income households. We accomplish this by operating a combination of 846 affordable and market rate apartments in 11 developments throughout Bangor and by administering the Housing Choice Voucher program in Bangor, Hermon, Glenburn, Hampden, and Veazie.

BangorHousing employs 65 staff members with offices located in Bangor, Maine. For more information, please visit www.bangorhousing.org.

Mission Statement

BangorHousing builds community - for its residents and for the neighborhoods of Bangor - through the provision of quality, affordable, environmentally responsible housing.

Job Type: Full-time

Pay: $60,000.00 - $70,000.00 per year

Expected hours: No less than 37.5 per week

• 2 years

Schedule:

• Day shift
• Monday to Friday

Work Location: Hybrid remote in Bangor, ME 04401