Real Estate LIHTC Developer - North TX

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COMPANY: Atlantic Housing Foundation, Inc.

TITLE: Real Estate LIHTC Developer – North TX

About Atlantic Housing Foundation:

Atlantic Housing Foundation (AHF), Inc. is a 501(c)3 not-for-profit affordable housing provider. Founded  in 1999, we currently own and operate over 10,000 units of multifamily properties in 6 states and 37 cities.  In addition to HUD HAP and LIHTC properties, Atlantic Housing owns and operates affordable housing,  mixed-income multifamily assets, student housing and senior housing.

The mission of Atlantic Housing Foundation, Inc. is to promote and preserve quality affordable housing  and related services for low and moderate income families, helping residents improve their lives. We will  do this in a manner that will foster the continuous improvement of our people and our company. We strive  to be a top performing, thoroughly professional and genuinely caring organization in all that we do. As an  organization, we aspire to and believe in - Making a difference.

Why Should You Apply?

You believe in the AHF mission and core values

You are the best at what you do

You meet the qualifications below

Benefits Offered:

Paid every two weeks

Certification & Training Reimbursement

Opportunities for upward mobility

12 Paid Company Holidays

16 hours of Learning Time Off annually

32 hours of Volunteer Time Off annually

Competitive Paid Time Off accrual

Rent discount if living on-site

Multiple health care insurance plans that cover medical, dental, prescription, vision, employer  HSA contributions, and supplemental health insurance

Mobile phone reimbursement

JOB DESCRIPTION:

Atlantic Housing Foundation is seeking a LIHTC Developer for our expanding team. This role reports to  the Director, Development & Acquisitions and is responsible for building a pipeline of development and  acquisition projects in the North Texas region. This role will be accountable for the full lifecycle of  development projects from site identification and acquisition, financial structuring, overseeing due diligence, selection of design teams, coordination with construction teams, closing and monitoring  schedules for on-time completion and commissioning the management takeover of each project to our in house operations team. A similar lifecycle will apply to rehab projects.

Core Responsibilities:

Possess a ‘hunter’ mentality and decisive nature with a keen desire to serve the affordable housing  cohort as supported by our core values.

Source qualified existing multi-family acquisitions and land sites that support ground-up developments  aligning with the AHF mission

Ability to drive performance results on a timely basis with a sense of urgency in mind Build and maintain a diverse pipeline of LIHTC, HAP, Workforce, senior and student housing  opportunities.

Consummate all transactions under the precepts of the Foundation’s Core Values Structure transactions leveraging thorough understanding of financial concepts (DCF, ROI, IRR, NPV,  etc.).

Develop accurate financial models, A&E submittals, confirm economic incentives available and the best  financial structure for each transaction

Analyze / verify project budgets and pro-forma assumptions

Effectively manage transactions driving all disciplines to a successful closing through project stabilization Tap departmental resources to track milestone progress throughout the life cycle of each transaction. Identify, establish, and maintain strategic financing partnerships (i.e. debt & equity lenders) Articulate the AHF business strategy and organizational mission

Provide analytical research and financial feasibility supporting each new affordable investment  opportunity.

Facilitate the creation and submission of financing applications to state agencies for the following types of  financing:

Tax Exempt Bond Financing

Low Income Housing Tax Credits

Analyze and understand State Qualified Allocation Plans in connection with the submission of  applications for 4%/9% Low Income Housing Tax Credits.

Manage all phases of the entitlement, engineering, architectural design and permitting process Identify and analyze the major risks affecting each investment opportunity

Coordinate assignment of relevant work to various team members (construction, analysts, accounting,  etc.) as needed to assure efficient transaction flow.

Performance Expectations:

Close the following transactions that are in alignment with our mission and corporate objectives:

Originate three to four ground-up projects per year in selected markets

Close rehab projects within the portfolio where timing and market dynamics are viable Required Skills and Qualifications:

Bachelor’s degree in BS or BA in Business, Finance, Real Estate or related field. Demonstrate ‘A to Z’ track record in delivering successful multi-family projects on-time and within budget Conduct and approach must naturally fit with our culture and Core Values

5+ years of multi-family real estate development and/or acquisitions experience. 5+ years of LITHC multi-family development experience

3+ years’ experience in previous financial analyst role

3+ years underwriting experience

A general understanding of, and demonstrated experience in, areas of real estate finance, property  valuation and equity investment analysis

Natural ability to build community and partnership relationships

Possesses ability to comprehend legal language necessary to the acquisitions process Proven ability to prepare and manage financial models (Excel based)

Hi-level proficiency with Excel, Word, and PowerPoint

Atlantic Housing Foundation, Inc. is an EEO employer - M/F/Vets/Disabled
 
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