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, Renton , Director of Development & Acquisitions, Executive , Bremerton, Washington