Director of Development & Acquisitions
Company: Bremerton Housing Authority
Location: Bremerton
Posted on: May 7, 2024
Job Description:
ID: 398
Location: Bremerton - 600 Park Ave.
Department: Executive
Position Title: Director of Development & Acquisitions
Classification: Exempt
Reports To: Executive Director
Department: Executive
Job Type: Regular
Job Status: Full Time
Grade: 69
Union: Non-Union
Amount of Travel Required: 10% Local
Positions Supervised: Development Project Manager
Work Schedule: Regular Business Hours
Work Location: On site or Hybrid
Starting Pay: $126,330 to $147,631 per year DOQ
Full Pay Range: $126,330 to $168,932 per year
Closes: Open until filled, but priority given to applications
received by Monday, May 13, 2024 at 5:00pm.
Are you looking for a place to work that really cares about our
community and is committed to making a difference? Then the
Bremerton Housing Authority is the place for you! Come join our
team.
At BHA our mission is to provide high quality, stable and
sustainable housing and related services to people who have limited
financial means. Our work is to help our clients to become
economically self-sufficient, while at that same time strengthen
communities. We use our public and private resources efficiently
and effectively. It is our goal to do this all while helping our
employees to grow both personally and professionally.
If you're looking for a great benefit package, we have that as
well!
- Accrue 150 hours of PTO in your first year
- Accrue up to 69 hours of Sick Leave per year
- 13 Paid Holidays annually
- Longevity pay available for years of service
- Medical & Vision Insurance -90% Employer Paid
- Dental Insurance- 100% Employer Paid
- Washington State Retirement
- Deferred Compensation
- Life Insurance
- Short -Term & Long-Term Disability Insurance
- Tuition Reimbursement
- Employee Assistance Program
- And more POSITION SUMMARY
Under supervision of the Executive Director, this senior management
position, is responsible for real estate and asset management
strategy, the acquisition of housing stock, the development of new
housing, and resilient enhancements to existing portfolio including
syndication and re-syndication of BHA's real estate portfolio. The
employee must work with considerable independence, have a thorough
knowledge of real estate finance, development processes, low-income
housing tax credit program, housing policy, federal procurement,
and land use planning. This position will serve as the subject
matter expert of real estate development and financing activities
and provide recommendations to the Executive Director and Executive
Leadership team while fostering cooperative working relationships
and coordinating assigned activities with other BHA departments,
regulatory agencies, and the public ensuring alignment with BHA's
mission, guiding principles, values, and strategy to advance
housing solutions along the housing continuum with our community
partners.
ESSENTIAL FUNCTIONS
Reasonable Accommodations Statement
To accomplish this job successfully, an individual must be able to
perform, with or without reasonable accommodation, each essential
function satisfactorily. Reasonable accommodations may be made to
help enable qualified individuals with disabilities to perform the
essential functions.
Essential Functions Summaries
- Lead Bremerton Housing Authority's (BHA) development and
acquisition activities, provide strategic direction and oversee all
aspects of affordable housing development initiatives, and provide
leadership and direction to the Development Department.
- Work collaboratively with the executive team to develop short-
and long-term strategies to expand BHA's housing portfolio, as well
as look for opportunities to reposition existing assets.
- Lead the identification, acquisition, and execution of
affordable housing development projects, managing budgets,
schedules, and resources effectively.
- Conduct and manage financial feasibility analyses for potential
projects. Work with the Finance Director and team to secure funding
sources, source debt financing, participate in the negotiation of
term sheets and loan documents with the Finance Director and other
finance professionals, and assist with the ongoing compliance of
the various terms and covenants. Oversee the completion of
applications to government agencies and private lending
institutions and monitor project budgets to ensure
cost-effectiveness.
- Follows, reads, interprets, and implements federal and state
rules and regulations. Ensure adherence to local, state, and
federal regulations and compliance standards in affordable housing
development.
- Work with the BHA's attorneys to negotiate all real estate
transaction related documents including purchase and sale
documents, loan documents, equity investment agreements, operating
agreements of all types.
- Assemble and oversee project development teams including design
professionals, engineers, contractors, lenders, and other
consultants as needed. Oversee the preparation of RFQ's RFP's and
procurement of consultant and financing services. Oversee resident
relocation activities. Manage and administer consultant and
financing contracts.
- Serve as owner's representative during project
implementation.
- Work with Housing Department Management in the dispositions of
assets and the close-out of investment vehicles.
- Develop partnerships with local funding providers, housing
developers and community non-profit entities to maximize
coordination of development efforts; develop partnerships and joint
projects with entities to expand affordable housing presence in
local communities; formulate new and creative approaches to BHA's
housing development program.
- Supervise and lead staff. Mentor and develop team members,
fostering a culture of excellence, innovation, and accountability.
Completes employee evaluations of assigned staff annually and
interim/introductory evaluations as required.
- Lead the development team in working with other housing and
community development agencies, housing authorities, and private
sector investors on city, state, and federal housing and community
development issues, policy formulation and other funding
strategies.
- Attend and conduct a variety of meetings as assigned; maintain
BHA's involvement in national, state and local housing and
community development policy discussions and formulation;
participate in local, state-wide and national meetings and
conferences related to assigned activities. Build relationships
with city, state and federal funding providers; private sector
non-profit developers; and public policy makers to assure
successful implementation of BHA development activities.
- Attend Leadership and Board of Commissioners meetings and
present agenda items as required.
- Coordinate the department's activities with other BHA
departments as appropriate.
- Perform related duties as assigned. POSITION QUALIFICATIONS
Diversity, Equity and Inclusion Requirements
As part of Bremerton Housing Authority's commitment to fostering an
equitable and inclusive workplace all BHA staff must demonstrate
commitment to cultivating a workplace culture that values
diversity, equity and inclusion. They must work collaboratively to
create and maintain an inclusive environment where all team members
feel valued and included and must be willing to participate in
equity and inclusion education and training programs.
Education and Experience
Education: Bachelor's Degree Required (accredited four-year college
or university), Field of Study: Urban Planning or Real Estate
Development focus; six years relevant experience may be substituted
in lieu of degree.
Required Experience:
- 10 years minimum work experience in public, private or
non-profit housing development, financing, budgets, grant
development, and project management, with a demonstrated portfolio
of completed projects preferably with 50 units or greater.
- 7 years minimum progressive work experience in affordable
housing development, with demonstrated understanding of complex
projects with multiple funding sources.
- 5 years minimum progressive work experience in affordable
housing programs and financing structures, including tax exempt
bonds, LIHTC equity, public debt funding and private bank and
agency debt funding.
- 5 years of experience in a leadership/supervisory role.
- Proven track record of working collaboratively with project
teams, including team members both inside and outside the
organization; foster partnerships within the affordable housing
community. Bremerton Housing Authority has the discretion to accept
any other equivalent combination of education and experience when
relevant.
Computer Skills:
- Intermediate user of Microsoft Office programs including Word,
Excel, PowerPoint, and Outlook.
- Experience using Microsoft Project or similar project tracking
software, preferred. This role routinely uses standard office
equipment such as computers, telephones, adding machines,
photocopiers, and fax machines.
Other Requirements: . click apply for full job details
Keywords: Bremerton Housing Authority, Seattle Hill-Silver Firs , Director of Development & Acquisitions, Executive , Bremerton, Washington
Didn't find what you're looking for? Search again!
Loading more jobs...