Director of Development - Bremerton, United States - Bremerton Housing Authority

Description

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:Must possess a valid driver's license for use in Washington State and with the continued ability to be covered under Bremerton Housing Authority's auto insurance policies.

Required Competencies

• Analytical Skills - Ability to use thinking and reasoning to solve a problem.
• Autonomy - Ability to work independently with minimal supervision.
• Accountability - Ability to accept responsibility and account for their actions.
• Business Acumen - Ability to grasp and understand business concepts and issues.
• Change Management - Ability to encourage others to seek opportunities for different and innovative approaches to addressing problems and opportunities.
• Communication, Oral - Ability to communicate effectively with others using the spoken word.
• Communication, Written - Ability to communicate in writing clearly and concisely.
• Consensus Building - Ability to bring about group solidarity to achieve a goal.
• Decision Making - Ability to make critical decisions while following company procedures.
• Deductive Reasoning - Ability to apply principles of logical or scientific thinking to a wide range of intellectual and practical problems.
• Detail Oriented - Ability to pay attention to the minute details of a project or task.
• Empathetic - Ability to appreciate and be sensitive to the feelings of others.
• Ethical - Ability to demonstrate conduct conforming to a set of values and accepted standards.
• Financial Aptitude - Ability to understand and explain economic and accounting information, understand budgets and financing strategies, and help make sound financial decisions.
• Honesty / Integrity - Ability to be truthful and be seen as credible in the workplace.
• Involvement of Stakeholders - Assesses who the stakeholders are and involves them in the process. Works to develop buy-in amongst the stakeholders and facilitates cooperative discussions.
• Judgment - Ability to formulate a sound decision using the available information.
• Leadership/Influence - Ability to influence others to perform their jobs effectively and to be responsible for making decisions.
• Management Skills - Ability to organize and direct oneself and effectively supervise others.
• Negotiation Skills - Ability to reach outcomes that gain the support and acceptance of all parties.
• Organized - Possessing the trait of being organized or following a systematic method of performing a task.
• Problem Solving - Ability to find a solution for or to deal proactively with work-related problems.
• Project Management - Ability to organize and direct a project to completion.
• Relationship Building - Ability to effectively build relationships with customers and coworkers.
• Research Skills - Ability to design and conduct a systematic, objective, and critical investigation.
• Resource Management (People & Equipment) - Ability to obtain and appropriate the proper usage of equipment, facilities, materials, as well as personnel.
• Responsible - Ability to be held accountable or answerable for one's conduct.
• Self-Motivated - Ability to be internally inspired to perform a task to the best of one's ability using his or her own drive or initiative.
• Strategic Planning - Ability to develop a vision for the future and create a culture in which the long-range goals can be achieved.
• Time Management - Ability to utilize the available time to organize and complete work within given deadlines.
• Working Under Pressure - Ability to complete assigned tasks under stressful situations.

WORK ENVIRONMENT
The employee primarily sits at a desk using a computer but has the opportunity to move about at will. Hand-eye coordination is necessary to operate various types of office equipment. The employee will need good listening abilities and may be exposed to noise from basic office machine operation. The person in this position interacts as a liaison with key stakeholders and outside resources while providing project oversight will be a common occurrence. There is also some travel to job sites and professional meetings.

PHYSICAL DEMANDS

N (Not Applicable) Activity is not applicable to this position.
O (Occasionally) Position requires this activity up to 33% of the time hrs/day)
F (Frequently) Position requires this activity from 33% - 66% of the time hrs/day)
C (Constantly) Position requires this activity more than 66% of the time (5.5+ hrs/day)

Physical Demands Lift/Carry
Stand O 10 lbs or less O
Walk O 11-20 lbs O
Sit F 21-50 lbs N
Manually Manipulate F lbs. N
Reach Outward O
Reach Above Shoulder O Push/Pull
Climb N 12 lbs or less O
Crawl N 13-25 lbs O
Squat or Kneel N 26-40 lbs. N
Bend O lbs N
Grasp O
Speak F

Other Physical Requirements

•Vision (Near)

•Sense of Sound - listening to instructions and customer comments