Housing Developer
- Full-time
Company Description
Starting Salary: $60,000 to $75,000/year depending on experience.
It is a terrific time to work for Aurora Housing Authority! We are looking for positive, dedicated employees who are committed to our mission and to making life better for our residents. Our core values are
- Respect others
- Act with integrity at all times
- Maintain a high level of professionalism at all times
- Communicate clearly
The mission of the Housing Authority of the City of Aurora (AHA) is to develop and promote quality housing while supporting and encouraging economic opportunities leading to self-sufficiency and independence. AHA accomplishes this mission by providing affordable or subsidized housing at 10 different properties, administering approximately 1200 vouchers (HCV, FUP and VASH) and offering 2 homeless programs with case management.
Why work for AHA?
- Outstanding benefits including medical, dental, vision, and generous paid time-off policy
- We value diversity
- Employee Wellness program
- Incentives for volunteerism in the community
- Continuing education and training
- Employee appreciation activities
- Ability to make a difference in the lives of people
AHA is an Equal Opportunity Employer.
Job Description
Position Purpose
Manages and/or coordinates the acquisition, financing, re-financing, disposition, renovation and new construction of affordable housing development projects.
Essential Duties
1. Assists in identifying, analyzing, acquiring and developing properties for preservation, rehabilitation and/or new construction. Coordinates the evaluation of siting and marketing issues, entitlement, community notification, preparation of development budgets and operating proformas, preparation of funding proposals, and coordination of loan closings and reporting requirements.
2. Develops strategies for housing development, analyzes financial data, and develops operating pro-forma. Evaluates long-term plans for holding or disposing of property.
3. Develops budgets, analyzes loan and financing structures, reviews legal documents, coordinates rehabilitation process specifications, and monitors construction progress.
4. Communicates regularly and seeks assistance from Director of Property Management and Director of Finance in developing financing structures, and in coordinating management, compliance, and maintenance for properties. Encourages participation with other AHA team members.
5. Makes recommendations to Director of Housing Development on projects for development. Prepares detailed memoranda to Board of Commissioners of AHA and/or Board of Directors of AHC to provide analysis of acquisition, development, or disposition of property. Memos include financial risks / rewards to agency.
6. Coordinates the preparation of RFQ’s, RFP’s and appropriate procurement of consultant services related to housing development; and the management and administration of such consultant services.
7. Coordinates and manages multiple housing projects in various phases of the development process. Works closely with other AHA team members, and also with attorneys, accountants, and other outside consultants to review legal and accounting documents, and other specialized services (appraisals, surveys, architectural, engineering, and other development-related documents)
8. Oversees the design, entitlement and permitting process.
9. Prepares “Closing Memo” and post-closing warranties for internal staff use.
10. Coordinates meetings, agendas, and tasks for appropriate stakeholders in a development
Other Duties
1. Identifies funding sources and prepares grant and loan applications for housing and program funding.
2. Identifies opportunities and prepares award applications for programs and developments completed by AHA.
Qualifications
Knowledge/Skills and Experience
Solid knowledge of affordable housing development and finance, including the Low Income Housing Tax Credit, Tax-Exempt Bond financing, and federal, state, and local funding programs.
Expert knowledge of underwriting for housing development
Solid project management skills
Solid grant writing skills
Expert computer and internet skills, including Microsoft Excel.
Expert research skills
Solid knowledge of contract administration
Solid public speaking and presentation skills
Solid verbal and written communication skills with the ability to effectively communicate and interact with all levels of personnel and the general public
Minimum of one (1) year on-the-job training to perform the job effectively
Additional Information
Conditions of employment:
Valid Colorado Driver License and Insurance