Note: The job is a remote job and is open to candidates in USA. New Seasons Development LLC is an affordable housing development consulting firm serving primarily nonprofit organizations in Massachusetts. The Senior Housing Development Consultant will manage affordable housing financing and development activities, including loan and equity closings, financing applications, project structuring, requisitions, cost certifications, and coordination with housing finance organizations.
Responsibilities
- Managing loan and equity closings
- Assembling financing applications
- Coaching project management staff
- Structuring and conceptualizing new projects and financing structures with clients
- Selection of debt and equity providers
- Assembling closing and construction requisitions
- Reviewing and submitting cost certifications
- Responding to the requirements and requests of state and local housing finance organizations
Skills
- At least 15 years of experience with affordable housing financing and/or development in Massachusetts
- Knowledge of real estate finance in particular, with specific expertise in Low Income Housing Tax Credit underwriting practices, rules and regulations
- Experience in closing equity and debt financing on at least 10 Massachusetts affordable housing projects, totaling 400 units or more, and seeing those deals or similar projects through to perm closing either as a developer, or as a financing participant
- Familiarity with the affordable housing development network in Massachusetts
- Facility with the creation of development and pre-development pro formas using data from past projects
- In addition, familiarity with bond financing rules and regulations and the use of 4% housing tax credits is necessary
- Bachelor's Degree in math, finance, economics, or political science
- Demonstrated interest in affordable housing, community development and/or public policy
- Excellent writing, communication, number crunching (analysis), and interpersonal skills
- Ability to juggle multiple priorities and work effectively both independently and as part of a team
- Experience with historic renovation and historic rehabilitation tax credits will be beneficial to your application
- Masters degree in public policy or real estate development (preferred)
Benefits
- Health and dental insurance
- Professional development
- Paid time off
- Flexible work schedule
- Fully vested employer-matched retirement plan
- All employees work virtually
- Opportunity to collaborate with a dedicated, creative and knowledgeable team
- Opportunity to build your network
- Excellent pay and benefits
Company Overview