Business Development Analyst (8912-RED)

Explore a career at EAH Housing.

Start or continue a career in real estate development and management with EAH Housing. We are looking for talented and skilled professionals as we expand our property portfolio throughout California and Hawai`i. As a mission-based nonprofit organization and industry leader for more than 50 years, we live up to our values, and work to create opportunities to empower people to live better lives. Join us and make a difference today.

What we offer.

We offer a comprehensive benefits package that includes medical, dental, vision, disability and life insurance, as well as a 403(b) retirement plan with a 5% match. We also offer generous vacation accrual, holiday schedule, and work schedule flexibility. We believe in work / life balance. 15 days of vacation per year (which increases based on years of service) 10 paid sick days per year 13 paid holidays We take care of our employees. Competitive Salaries   403b Retirement Plan with 5% company match Employee Wellness Program Comprehensive Medical Insurance Plans Affordable Dental & Vision Insurance Flexible Spending Account EAP – Mental Health, Financial and Legal Services $1,500 Employee Referral Program EAH Academy, an in-house training program

Position is for a full-time Business Development Analyst to work at the EAH Corporate Offices in San Rafael, CA. Qualified Candidates will have a Bachelor’s degree in Real Estate, Finance, Civil Engineering, Business, or related field. Must have 2+ years in an affordable housing environment including analyzing proposed acquisitions. Master’s degree and/or working at a non-profit affordable housing corporation is desired. Salary range: $68,000 - $103,000 per year; hiring range for new employees is generally $68,000 - $85,500 per year, DOE. Please note an offer will take into consideration the experience of the final candidate and the current salary level of individuals working at EAH in a similar role.

COMPANY OVERVIEW? 

Established in 1968, EAH Housing is one of the largest and most respected nonprofit housing development and management organizations in the western United States. EAH develops low-income multifamily housing, manages more than 222 properties throughout in California and Hawai’i, and plays a leadership role in local, regional, and national housing advocacy efforts.? 

EAH Housing puts its core values into action every day as our staff of 700 people serves 25,000 residents in 87 municipalities. We offer competitive wages, comprehensive benefits, professional development, and invest in our employees through extensive training programs. Please visit our www.eahhousing.org to learn more about us, our culture, and how we strive to maintain excellence in everything we do.? 

For immediate consideration, please apply to requisition  DEVEL003800 on our website at www.eahhousing.org/careers

POSITION OVERVIEW

Responsible for assisting with acquisition activities, including the evaluation of potential projects, marketing EAH, and responding to solicitations for proposals consistent with the company’s mission and strategic plan. Responsible for analyzing development opportunities and sources of funding and reviewing/underwriting new opportunities to be considered by the executive management team. Additional responsibilities may include assisting with initial project management including working on and submitting applications for financing and city approvals and attending public meetings.

RESPONSIBILITIES

• Drive and research sites in EAH’s opportunity cities and counties.
• Research ownership and title information on high prospect sites and cultivate relationships with property owners.
• Assists Director of Development with all basic due diligence work on potential sites deemed generally viable for development purposes. Due diligence review includes reviewing preliminary title reports, evaluating infrastructure review with local public works and building officials, estimating market values through comparable sales analysis prior to appraisal, and assessing ability to obtain entitlements for contemplated projects in the context of local general plan and zoning designations.
• Creates and analyzes preliminary financial projections for potential transactions; Compiles comprehensive deal analysis packages and assesses risk associated with any acquisition for review by supervisor and Executive Team.
• Identifies, evaluates and monitors new and existing funding sources and remains up to date on the status of those sources of funding.
• Analyzes funding competition and scoring of competitive applicants in connection with various sources.
• Coordinates with project development staff on basic financial terms and conditions viable for purchase and sale agreements that are specific to the community and related subsidy environment for affordable housing developments.
• Ensures that local approvals and neighborhood acceptance of proposed housing development projects occur, including submitting use applications, and attendance at hearings and neighborhood meetings. Assists Director of Development in obtaining public approvals.
• Ensures efficient transition of purchased assets to Real Estate Development group.
• Meets with Real Estate Development Department on regular basis to coordinate all acquisition activities.
• Maintains positive working relationships with lenders and grant sources.
• Work with other organizations within the housing development, healthcare, and religious communities to create opportunities and support for low-income housing development.
• Assist in identifying and evaluating new financial and development partners.
• Assists in creating presentations for internal and external audiences.
• Maintains Development paper and electronic filing system.
• Tracks and maintains contracts and reviews invoices for processing payments.
• Updates budgets and predevelopment cashflows.
• Creates deal memos for active projects and prepares analyses of unsuccessful projects.
• Represent EAH at targeted industry conferences and seminars.
• Actively participates in EAH’s Injury and Illness Prevention Plan.
• Regular and predictable attendance.
• Other duties as assigned.

QUALIFICATIONS

Bachelor’s degree in Real Estate, Finance, Civil Engineering; Business, or related field. At least one year working in an organization staffed with various roles and functions.

DESIRABLE ADDITIONAL QUALIFICATIONS

Master’s Degree in Business, Finance, Real Estate, or other related field preferred. Experience working at a non-profit affordable housing corporation desirable.

WORKING CONDITIONS Physical Requirements

• Requires a high level of mental concentration, despite frequent interruptions.
• Attends meetings by phone and in person for significant portions of the day.
• Utilizes computer work station for long peri