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LIHTC Developer (Summit Housing Group)
Summit Management Group
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LIHTC Developer (Summit Housing Group)

Summit Management Group

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Details
Posted:
February 19, 2021
Location:
Missoula, Montana
Salary:
DOE + Bonus
Type:
Full Time - Experienced
Preferred Education:
4 Year Degree

Title: LIHTC Developer (Summit Housing Group)

Status: Full Time, Salaried (OT Exempt)

Reports to: VP of Summit Management

Location: Missoula, MT or Denver, CO

The Housing Developer performs professional work in the development of housing projects to further the Summit Management Group (SMG) mission to provide affordable housing to those with low incomes including families, seniors, and people with disabilities. The Housing Developer takes the lead role in managing the development process, e.g. identifying sites, evaluating project feasibility, securing financing, supervising construction, and transitioning new construction / rehab projects to completion. These tasks require a personality willing to assume a leadership role and comfortable giving direction to a large and varied team of partners. Ideally based in Missoula, however for the right candidate, Denver-based will be considered. The Housing Developer will report to the Vice President of Summit Management Group.

The ideal candidate will have a demonstrated background working with affordable housing financing resources, especially Low Income Housing Tax Credits (LIHTC) and HUD financing tools, and significant experience (1) leading development teams through the LIHTC closing process and (2) writing and submitting applications for competitive funding sources.

SMG offers professional salaries, a full range of benefits (medical, dental, vision, 401k match), a great work environment and an opportunity to work with a group of committed and passionate employees.

KNOWLEDGE, SKILLS & ABILITIES

  • Bachelor's degree in Business, Community Development, Real Estate or related field.
  • Four years of professional experience in community development, affordable housing development or related field.
  • Knowledge of affordable housing financing tools including LIHTC, Housing Trust Fund, CDBG, HOME, FHLB, etc. Familiarity with compliance and regulatory requirements of various sources.
  • Skill in structuring viable financing packages and presenting them in standardized development and operating proformas
  • Ability to prepare competitive funding applications.
  • Ability to manage complex and time-critical processes, funding requirements and relationships to complete projects on time and on budget.
  • Understanding of contract delivery systems and contract types.
  • Ability to evaluate risk and develop risk management plans for projects.
  • Ability to work in partnership with funders, investors, consultants, contractors, regulatory bodies, and SMG staff and executive management team.
  • Ability to work in a collaborative team environment.
  • Ability to travel to remote jobsites and spend long hours on your feet.
  • Excellent oral and written communication skills.
  • Excellent computer skills including advanced proficiency in Excel and on-line research.
  • Valid driver's license, good driving record and own reliable transportation.

RESPONSIBILITIES

  1. Define project concepts to meet housing needs and carry out the SMG mission.
  2. Locate, analyze sites and obtain site control.
  3. Assess feasibility of project development and operation.
  4. Conduct research on housing needs and market conditions for specific projects.
  5. Obtain financing for projects including grants, loans, tax credits and other subsidies. Prepare funding applications, negotiate financing agreements and lead real estate closings.
  6. Assemble and manage development teams (architects, contractors, attorneys, construction managers and other consultants).
  7. Obtain bids for professional services, enter into contracts and supervise performance of project partners such as, general contractors, architects, surveyors, geotech, soils engineers, etc.
  8. Work with social service providers and other community resources to develop appropriate support services agreements for each housing project.
  9. Manage community input and land use review processes.
  10. Oversee the construction management process including preparation of requisitions and draw requests, collaborating with Finance department and accounting firms regarding cost certifications, and leading project closeout.
  11. Produce reports required by funders and investors.
  12. Coordinate transition of completed projects to the Asset Management team.
  13. Establish and maintain records of all activities.
  14. Other duties as assigned.

NOTES:

Additional Salary Information: Pay and Benefits: •Schedule: Full-time •Benefits: Bonus potential; health, vision, life and disability insurance; matching 401K; paid holidays and accrued paid time-off •paid time-off
About Summit Management Group
Summit Management Group, Inc. is the parent company of a growing family of companies headquartered in beautiful Western Montana. We specialize in Low-Income Housing Tax Credit (LIHTC) developments, with mixed-income units joining our portfolio in 2018. To date, Summit has built, been awarded, or has under construction 32 LIHTC properties (1,646 units) spanning Colorado, Montana, Oklahoma, South Dakota, Utah, and Wyoming. Summit's family of companies are involved in all aspects of development, including site selection, finance and investor relations (Summit Housing Group, Inc.), construction (Summit Construction Group, Inc.), and on-going property management (Highland Property Management, Inc.). Our continued growth and success is made possible by our great staff and dynamic partnerships with institutions and organizations working together to ensure quality affordable housing throughout the US.
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