Affordable Housing Developer II

Seattle, WA

Full Time

Real Estate Development

Experienced

Start your career at Bellwether Housing as a Housing Developer II in the vibrant city of Seattle, WA

Who We Are: Through the development, ownership, and operations of affordable housing properties, Bellwether Housing has been a trailblazer in transforming the lives of lower-income individuals and families in our region. As the largest non-profit housing provider in the Pacific Northwest, Bellwether is a leader in State and local housing policy issues, an innovator in financing and housing development strategies, and a trusted partner to a diverse array of organizations in our community, while providing resident and real estate development services to other mission-driven non-profits around Western Washington.

Salary: $105,400-$128,850/annually

The posted salary reflects the full pay range for this position. Offers made to qualified candidates will be made within this range and will be determined by various factors, including knowledge, skills, experience, qualifications, location, and other factors that would be critical to success in this role.

Position Overview: The Housing Developer II is responsible for the effective execution of all aspects of affordable housing development projects, from initial feasibility through conversion to property management, including both new construction and the recapitalization, resyndication, and rehabilitation of existing affordable housing assets. In this role, you'll Manages a direct workload of multiple projects in various stages of feasibility through development and close-out.

Work Schedule: Hybrid, 2-3 days onsite. Monday-Friday, 9:00 am – 5:00 pm.

Your Impact:

Lead the recapitalization, resyndication, and rehabilitation of existing affordable housing properties, including evaluating preservation opportunities, structuring complex financing, coordinating tenant-in-place construction, and guiding projects through closing and stabilization.
Securing financing, entitlements, and community support for development projects.
Managing the successful development of projects through acquisition, design, construction, and stabilization.
Using effective project management practices in controlling and documenting the schedule, budget, and development progress.
Providing team support to other developers as needed.
Working effectively with team members to support Bellwether’s interests and mission.

Who You Are:

Minimum Requirements

Five+ years of multi-family housing development experience.
Familiarity and experience with complex real estate development and financing mechanisms utilized for affordable housing, including tax-exempt bond financing, low-income housing tax credits, property tax exemptions, and soft public funding sources, including experience negotiating financing terms, regulatory, and partnership agreements.
Expertise in utilizing the Low Income Housing Tax Credit Program and other affordable housing funding programs.
Experience negotiating contracts.
Development project management experience.
Demonstrated expertise with real estate proformas and financial analysis tools.
Demonstrated expertise in reading and understanding property surveys, architectural drawings, site plans, title, and legal documents.
Proven ability to manage time effectively across multiple projects.
Expertise in Microsoft Office Suite, especially Excel.
Effective oral and written communication skills and ability to represent Bellwether to public officials, community groups, and our lenders, investors, and partners.
Ability to work independently with little or no supervision.

Desired Qualifications

Experience recapitalizing, resyndicating, and rehabilitating existing affordable housing properties, including navigating asset management constraints, tenant-in-place construction, and complex financing structures for preservation projects.
Successful experience using the City of Seattle and the State of Washington’s funding sources for low-income housing.
Current or recent involvement with a non-profit or community-based housing organization.
Bachelor’s degree, or equivalent work experience approved by the Director.
Master’s degree in real estate development, finance, or related field preferred.

What We Offer: Bellwether Housing is your platform for growth, empowerment, and purpose. When you join our team, you will receive:

Competitive compensation accompanied by a generous benefits package.
Medical, dental, and vision insurance.
A 403(b)-retirement plan with an employer match, guiding you towards a prosperous future.
Fuel for your personal and professional development with up to $1,500 in employer-paid continuing education per year.
An ORCA Transit Pass to navigate the city with ease.
Up to 24 paid days off in your first year, prorated personal days renewed annually, and 8 paid office closure days.
The chance to be part of a transformative mission, leaving a mark on the lives of those we serve in our communities.

At Bellwether Housing, you will elevate your career in a role that's as rewarding as it is impactful, where you’ll be part of a movement that is helping shape the future of affordable housing in Seattle and where diversity, equity, inclusion, and belonging are the pillars of our success.

Bellwether Housing embraces a workplace that is diverse, equitable, and inclusive, and is dedicated to building a team that is made up of a variety of backgrounds, perspectives, experiences, and skills that reflect the populations we serve. We are committed to being an anti-racist organization, while acknowledging we have a long way to go. You can learn more about our DEI work on our website.

Bellwether Housing is an equal opportunity employer. We will not discriminate based on race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws. We support the Americans with Disabilities Act (ADA) to reasonably accommodate all qualified applicants [and employees] by providing reasonable accommodations to people with disabilities. To request Reasonable Accommodation for the application or interview process, please contact [email protected].

Note: This role requires successful completion of a background check in accordance with Seattle’s Fair Chance Employment Ordinance.

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At Bellwether Housing, you’ll help create change by expanding access to affordable housing and uplifting communities. Our mission-driven culture supports both the residents that we serve and the professional growth of our teams - offering a career rooted in purpose and impact.

Affordable Housing Developer II

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