Housing Developer
- Full-time
Company Description
This position is perfect for the candidate with hard skills and a warm heart. If you believe in making a difference in the community by increasing affordable housing options in the City of Aurora, this is the job for you. Challenge your finance, real estate and design skills in a dynamic environment with a supportive team. Aurora is a diverse and growing city with wide-ranging economic opportunities offering you a unique role in shaping the urban landscape.
The starting salary for the Housing Developer position is $68,000 to $75,000/year, depending on experience.
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 1,200 vouchers (HCV, FUP and VASH) and offering two homeless programs with case management.
Why work for AHA?
- Make a difference in your community
- Access outstanding benefits including medical, dental, vision, 401k employer match and our robust vacation and sick leave policies
- Join a diverse workplace that values inclusivity
- Volunteer in the community on paid time
- Continue your education on the job and through our tuition reimbursement program
- Prior to hire, candidates will receive our full benefits guide detailing these and other benefits.
AHA is an Equal Opportunity Employer.
Job Description
Aurora Housing Authority is looking for a Housing Developer to join the Development team and further the mission of AHA through the management and/or coordination of the acquisition, financing, re-financing, disposition, renovation and new construction of affordable housing development projects. The Housing Developer works closely with AHA leadership, especially the Housing Development Director, to provide expertise and support our housing development strategy in service of the residents of Aurora.
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.
Develops strategies for housing development, analyzes financial data, and develops operating pro-forma. Evaluates long-term plans for holding or disposing of property.
Develops budgets, analyzes loan and financing structures, reviews legal documents, coordinates rehabilitation process specifications, and monitors construction progress.
Communicates regularly and seeks assistance from Director of Property Management, Maintenance Manager, and Director of Finance in developing financing structures, and in coordinating management, compliance, and maintenance for properties. Encourages participation with other AHA team members.
Makes recommendations to Director of Housing Development on projects for re-syndication or 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.
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.
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)
Oversees the design, entitlement and permitting process.
Prepares “Closing Memos” and post-closing warranties for internal staff use.
Coordinates meetings, agendas, and tasks for appropriate stakeholders in a development
Identifies funding sources and prepares grant and loan applications for housing and program funding.
Identifies opportunities and prepares award applications for programs and developments completed by AHA.
Other duties as assigned.
Qualifications
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
4-year degree in relevant field or commensurate work experience in housing development
Additional Information
Conditions of employment:
Valid Colorado Driver License and Insurance
Please submit a cover letter and resume when responding to this job posting.