LIHTC Housing Development Lead

South Metro Housing Options; Littleton (CO); On-site; USD 103,000 - 114,000; Full time

Benefits offered by this job

Health Insurance

Term Life Insurance

Voluntary Life Insurance

401(a) with match

457 with match

Holidays

Job summary

South Metro Housing Options seeks a Housing Developer II to lead LIHTC development projects in Littleton, CO. The role encompasses feasibility, due diligence, acquisition, entitlement, design, financing, construction management, planning, and closeout to deliver affordable housing.

Responsibilities include managing schedules, budgets, financial projections, risk mitigation, and coordinating with city officials, consultants, and partners to ensure on-time, on-budget project completion while

Qualifications

• Bachelors degree in Real Estate, Business, Finance, Urban Planning or related field.
• 3-5 years of related experience in real estate development, with focus on affordable housing.
• Demonstrated experience closing LIHTC deals and managing projects through full life cycle.

Responsibilities

• Lead multiple housing development projects through all phases: site selection, due diligence, design, financing, construction, and stabilization.
• Manage initial financial feasibility analysis, proformas, overseeing design development, securing all necessary financing, procuring and contracting with all third party consultants, and overseeing construction efforts and timeline.
• Develop and maintain project schedules, budgets, and financial projections.
• Identify risks and implement mitigation strategies throughout the development lifecycle.
• Ensure timely completion of projects within budget and scope.
• Coordinate and review site due diligence, including utilities, easements, ESA Phase I, and proximate amenities; participate in preliminary site and architectural concept development; assess existing buildings and infrastructure (if applicable).
• Identify potential permanent funding sources for individual projects.
• Identify and analyze SMHO’s exposure and risk; including financial, political, and community aspects.
• Structure complex financing packages, including public and private funding sources (e.g., tax credits, grants, debt, equity).
• Identify project investor(s) and lender(s), in collaboration with Director of Real Estate Development.
• Prepare financial models, pro‑forma and financial analysis of properties for development or acquisition/redevelopment as applicable.
• Prepare applications for competitive funding sources including; tax credit allocation, grants, and funding from City, County, State and Federal agencies as appropriate.
• Negotiate and close all agreements associated with project development funding.
• Summarize terms of all financial agreements for use by development, property management and finance departments.
• Prepare debt and equity financing applications, support the team in closing debt and equity financing documents, and due diligence documents required by lenders and investors in connection with refinancing or financial closing.
• Refine and update financial models throughout the development process.
• Close out funding sources at completion of project development.
• Monitor financial performance and prepare reporting for stakeholders.
• Notify community groups and neighbors of intent to develop or purchase project, and maintain ongoing communication with neighborhood interests during design and development.
• Supervise third party contractors, including architect, engineers, and consultants
• Manage and direct architect and engineers to implement development program at building and site scales; communicate design standards and program requirements;
• Prepare and submit entitlement development applications, working with City officials and participate in community outreach and public hearings.
• Create and manage City applications and processes.
• Estimate project costs and ensure conceptual design is within budget.
• Create bid and qualifications processes to select general contractor; attend construction job site meetings.
• Work with Asset Manager and the Compliance Department to coordinate initial lease-up, construction close‑out, and punch‑list and warranty items.
• Work with the Procurement Specialist to prepare and evaluate RFQs & RFPs.
• Support community development planning efforts working closely with the team, community residents and partners
• Attend OAC meetings.
• Attend site visits to properties under construction or renovation.
• Oversees construction process or small to medium sized projects.
• Works with property management staff and Real Estate Development team to identify capital improvement opportunities; and identify maintenance and replacement projects and manage those projects.
• In conjunction with environmental consultants complete the following work:
• Facilitate all environmentally related due diligence efforts including research of historic land uses on‑site and nearby properties.
• Review Phase I and II reports, reliance letters and other documentation.
• Maintain communication with regulatory agencies as needed.
• Upon receipt of funds, complete all environmental review and public notification process as required by funding agencies.
• Resolve environmental challenges at existing properties and in new construction sites.
• Provide environmental perspective on new development and major renovation planning efforts.
• Obtains building permits and other public approvals.
• In collaboration with sustainability consultants:
• Plan and implement best practices.
• Research and recommend sustainability improvements.
• Analyze progress against development schedules and update schedules as needed.
• Prepare internal and external development reports.
• Assist Real Estate team and senior staff with special projects and other duties as assigned.
• Other duties as assigned.

Skills

Strong organizational skills

Excellent written and oral沟通 skills

Effective public communication

Meeting facilitation

Good judgement

Excel / financial analysis

Education

Bachelors degree in Real Estate, Business, Finance, Urban Planning or related field

Tools

Excel

Job description

South Metro Housing Options seeks a Housing Developer II to lead LIHTC development projects in Littleton, CO. The role encompasses feasibility, due diligence, acquisition, entitlement, design, financing, construction management, planning, and closeout to deliver affordable housing.

Responsibilities include managing schedules, budgets, financial projections, risk mitigation, and coordinating with city officials, consultants, and partners to ensure on-time, on-budget project completion while