Job Location: Grand Rapids, MN 

Number of Openings: 1 

Job Summary

The Housing Development Associate is responsible for project management of current and future housing developments in KOOTASCA’s housing portfolio, with strong emphasis on multi-family development.  Responsibilities include affordable housing development project management and community outreach, project pro forma preparation and analysis, financial packaging, construction and budget oversight, asset management, public speaking, facilitation, and grant writing.  Individual must possess excellent interpersonal communication and organizational skills, with an ability to handle multiple priorities in a fast-paced team environment.

Application for Employment

Job Posting Information

Qualifications

Education:

  • Bachelor’s degree or relevant work experience of equivalent nature in housing development, real estate, finance, or pertinent field.
  • Ability to obtain Rental Housing Development Finance Professional Certification through Agency within 18 months of hire.
  • Preferred: Continuing Education and/or Special Certification a plus.

Experience:

  • 1 year of experience in housing development, finance, real estate, construction, or related area
  • Preferred: Knowledge of finance tools for affordable housing development, particularly Low-Income Housing Tax Credits, gap financing, and tax increment financing.
  • Preferred: Prior experience and success with multifamily Low Income Housing Tax-Credit applications, deferred financing programs.

Other:

  • Satisfactory BCA Background Study
  • Valid Driver’s License or access to reliable transportation; MVR Approval for use of agency vehicles
  • Financial, Project, & Team Management Skills

Schedule/Location

  • 40 Hours/Week
  • Daytime weekday shift- no nights, weekends, or holiday shifts.
  • Itasca County

 Compensation

  • Wage scale of $26.19 to $38.46/hour.
  • Scheduled Raises & Cost of Living Adjustments

 Benefits

  • Generous Paid-Time-Off (PTO) Package + 13 Paid Holidays/year
  • Medical, Dental, Vision, Life & Disability Insurances
  • Health Savings Account & Flexible Spending Account options
  • Retirement Plan with option for employer contribution
  • Tuition Assistance opportunities & Loan Forgiveness qualifying credit
  • Many Training and Professional Development opportunities

Job Description

Qualifications

  • Education
    • Minimum: Bachelor’s degree or relevant work experience of equivalent nature in housing development, real estate, finance, or pertinent field.
    • Ability to obtain Rental Housing Development Finance Professional Certification through Agency within 18 months of hire.
    • Preferred: Continuing Education and/or Special Certification a plus.
  • Experience
    • Minimum: 1 year of experience in housing development, finance, real estate, construction, or related area
    • Preferred: Knowledge of finance tools for affordable housing development, particularly Low-Income Housing Tax Credits, gap financing, and tax increment financing.
    • Preferred: Prior experience and success with multifamily Low Income Housing Tax-Credit applications, deferred financing programs.
  • Authorizations
    • BCA Background Study
    • Valid Driver’s License or access to reliable transportation.
    • MVR Approval for use of agency vehicles
  • Skills
    • Good communication skills, both verbal and written.
    • Experienced in Microsoft Office programs (Word, Excel, Power Point, Outlook)
    • Aptitude for financial calculation, including budgeting and pro forma analysis. Experience creating and using Excel spreadsheets.
    • Project management and development process skills including – creating project plans; coordinating a team; communicating changes and progress; completing projects on time and budget; managing project team activities; developing realistic action plans.
    • Preferred: General knowledge of zoning, construction processes, real estate, and negotiations as they relate to the development process.
  • Abilities
    • Ability to manage team of professionals throughout the development process, from feasibility through project completion
    • Ability to work with the public, articulate ideas, and work with diverse cultural and economic backgrounds
    • Self-motivated, confident individual with ability to work both independently and as part of a team
  • Other Knowledge
    • Preferred: Knowledge of housing market; including competitors, housing agencies and their programs, consultants and vendors, and demographic and market trends
    • Preferred: Experience in multi-family asset management, particularly projects with affordable housing restrictions and compliance requirements

Primary Duties & Responsibilities

This job description is not intended to be all-inclusive and employee will also perform other reasonably related business duties as assigned.

Area 1: Management of Development Process

  • Coordinate and support development team activities (architect, engineer, attorney, contractor, title company, management entity, city officials, etc.)
  • Build strong relationships with non-profit partners, service providers, vendors, funding agencies, and other development partners and manage agreements and contracts with them
  • Support representation of owners’ interests during construction; monitor construction progress, administer the development budget, etc.
  • Collaborate with internal and external partners on the negotiation of terms and conditions for various development-related agreements, including but not limited to architect and general contractor contracts, other contractor/consultant contracts, funder loan/equity documents, etc.
  • Prepare, process, and file required project plans and financing plans, as requested by various funders, lenders, government agencies, and others
  • Support managing project cash flows, construction draws and budgets during pre-development and construction; work with accountants to develop accurate projects and cost certifications
  • Prepare internal reports, project trackers, and development updates
  • Ensure all documents and information required by lenders, funders, and internal staff for project implementation are submitted in a timely and accurate manner
  • Strategize and implement solutions and risk mitigation plans with internal stakeholders for challenges and risk that arise

Area 2: Specific Development Finance Assembly

  • Develop, review and revise pro formas and budgets using a mix of funding sources, such as private market debt and equity, federal and state Low Income Housing Tax Credits (LIHTC), federal and state Historic Tax Credits, tax increment financing, tax abatement, and others
  • Support the preparation of grant, loan, and tax credit applications
  • Prepare and assist with financial analysis and modeling
  • Communicate with investors and state and local agencies on the availability of Affordable Housing resources
  • Identify and raise funds from alternative sources

Area 3: Management of Existing Assets

  • Monitor lease-up on development projects
  • Monitor property management firm activities and performance
  • Participate in regular property inspections
  • Resolve tenant selection issues raised by property management firm
  • Ensure compliance with funder reporting requirements
  • Respond to year-end audit requests
  • Assist in the development and implementation of plans for overseeing the Agency’s long-term real estate assets

Area 4: Potential Development Project Identification

  • Assist Housing Development Director with project identification and feasibility assessment as assigned
  • Initiate meetings with community leaders
  • Assess community housing needs and opportunities
  • Conduct practical and financial feasibility analysis of potential housing development projects as assigned
  • Provide support for market research and research on product types and proposed developments

Area 5: Community Relations

  • Develop and maintain productive, positive community relations with neighbors, community leaders, and local organizations
  • Prepare and deliver presentations and educational information on affordable housing issues and solutions
  • Network with community leaders and housing industry professionals

Area 6: Identification & Familiarity with Potential Financing Sources

  • Attend trainings, seminars, and local and regional meetings
  • Research funding sources
  • Network with community leaders and housing industry professionals

Job Factors

Supervision of Others: 

  • Not responsible for the supervision of others

Safety of Others

  • Minimal responsibility for the safety of others. Probability of injury to self or others is remote.

Contacts

  • Contact is both inside and outside the agency, and includes regular making of formal presentations, negotiations, or coordination of work.

Physical Demand

  • Must be able to lift 25 pounds
  • Requires sitting, standing, bending, stooping and reaching.

Travel

  • Must have reliable transportation.
  • Must have valid driver’s license and current auto insurance coverage in compliance with Minnesota State guidelines on any vehicle used for work related travel.
  • Travel for completion of job duties, trainings and meetings as required.

General Agency Requirements

Professionalism:

  • Maintain positive work atmosphere by behaving and communicating in a manner that fosters good relations with clients, customers, co-workers, providers, volunteers, and supervisors.
  • Treat clients, co-workers, and the public in a respectful and courteous manner at all times.
  • Continue to develop skills and abilities.

Community Representation:

  • Represent KOOTASCA Community Action, Inc. in a positive manner.
  • Adhere to the Community Action Code of Ethics.
  • Seek to understand poverty and the barriers faced by community members.

Confidentiality:

  • Maintain confidentiality of agency, program, and client information.

KOOTASCA Community Action, Inc. is an Equal Opportunity (EEO) and Affirmative Action (AA) Employer. We recruit, hire, place, promote, terminate, layoff, recall, transfer, compensate, and train without regard to race, religion, creed, color, national origin, age, gender, sexual orientation, marital status, disability, veteran status, status with regard to public assistance or any other basis protected by applicable federal, state, or local law. This information will be made available in alternative formats upon request.