Real Estate Development Finance Specialist

7 days ago


Raleigh, North Carolina, United States Raleigh Housing Authority Full time
Job Description

Real Estate Development Finance Specialist

Salary Range: $88,045 to $132,758 (commensurate with experience)

The Raleigh Housing Authority is seeking a highly skilled Real Estate Development Finance Specialist to join our team. As a key member of our finance team, you will be responsible for leading the financial modeling and analysis of housing development projects on agency-owned land, preservation and rehabilitation of existing agency-owned housing, and other real estate development activities.

Primary Responsibilities:

  • Develop and implement financial models to assess the feasibility and optimal structure of new construction and preservation projects.
  • Conduct risk mitigation analyses and underwrite deals financed with federally regulated funds.
  • Collaborate with internal and external stakeholders to gather and evaluate due diligence materials, including market analysis, entitlements, and utility costs.
  • Update development proformas and perform financial due diligence as project details and market conditions change.
  • Support housing development project managers with needed underwriting analysis for real estate committees and CEO and Executive Board for final approval.
  • Coordinate financial closings with internal and external parties, including project managers, developer partners, City and State agencies, lenders, equity investors, and bond underwriters.

Requirements:

  • Bachelor's Degree or higher from an accredited four-year college or university, with at least three years of affordable housing finance experience.
  • Strong financial and analytical skills, with proficiency in Microsoft Excel, Word, and Power Point.
  • Knowledge of tax credit programs and other federal financing programs, including Low-Income Housing Tax Credits (LIHTC) and tax-exempt bonds.
  • Familiarity with joint venture real estate equity investments and other affordable housing finance structures.

What We Offer:

  • Competitive compensation and benefits package.
  • Opportunities for career growth and professional development.
  • A dynamic and collaborative work environment.

How to Apply:

Please submit your application, including your resume and cover letter, to [insert contact information].



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