LIHTC Developer (Affordable Housing) - Florida

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
• Educational 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
• Competitive 401(k) Program with employer matching contributions

Atlantic Housing Foundation is seeking a LIHTC Developer for our expanding team.  This role is responsible for identifying a pipeline of development and acquisition projects, closing two to four projects per year that align with our corporate objectives.  This role will be accountable for the full lifecycle of affordable housing development projects from site identification and acquisition, coordination with financial structuring, overseeing due diligence, closing, coordination with design and construction teams, 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.

Responsibilities:

• Provide analytical research 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
• Prepare financial models to ensure financial viability and alignment with corporate goals.
• Collaborate on helping facilitate the capital stack necessary for each project.
• Present a pre-development budget for each project to the Executive team for approval.
• Track and organize milestone progress throughout the life cycle of each transaction.
• Experience with overseeing in-place renovation projects.
• Analyze and understand State Qualified Allocation Plans in connection with the submission of applications for 9% Low Income Housing Tax Credits.
• Engage appropriate municipal officials and strategic partners for local project support.
• Manage all phases of the engineering and architectural design process.
• Oversee the critical path of all key tasks and deadlines for each project including due diligence reports, economic incentives, A&E submittals and financial structuring.
• Attend public/municipal hearings as necessary.

• Bachelor’s degree
• 5-10 years of real estate development or acquisitions experience.
• Ability to work independently and as part of a team
• Highly self-motivated with strong problem solving and analytical ability
• Accurate and detail-oriented
• Ability to prepare and manage financial models (Excel based)
• Strong written and oral communication skills

All your information will be kept confidential according to EEO guidelines.