Development Analyst
Location: Chicago, IL; Atlanta, GA; Wilmington, NC
Employment Type: Full-time
About the Employer
Blue Ridge Cascade (BRC) is a growing affordable housing development and investment company dedicated to creating and preserving quality rental housing for working families, seniors, and rural communities. With regional offices in Wilmington, NC; Atlanta, GA; Fort Worth, TX; Chicago, IL; and Bellevue, WA, BRC has steadily expanded its reach across the country.
Our work spans new construction and acquisition/rehabilitation, financed with 4% and 9% Low-Income Housing Tax Credits, tax-exempt bonds, HUD project-based Section 8, and USDA Rural Development programs. We take projects from acquisition/site selection through financing, construction, lease-up, and long-term asset management.
As our pipeline continues to grow, we are adding to our team. BRC is a lean, collaborative group, so analysts gain exposure to every stage of deal execution, with the opportunity to work with senior leadership, lenders, investors, and housing agencies. As a result, the position offers a unique platform to gain skills as the company grows.
Role Summary
The Development Analyst will support the development team in underwriting, financing, and closing our growing pipeline of affordable housing deals. The position is responsible for deal modeling and helping move projects from LOI through closing, construction, and lease-up.
- Location: Chicago, IL; Atlanta, GA; or Wilmington, NC some travel required to project sites
- Type: Full-time, exempt
What You'll Do
- Build and maintain robust financial models
- Underwrite Section 8 acq/rehabs: underwrite property operations, build rent comparability studies, model debt and equity terms.
- Run sensitivity analyses on costs, rates, credit pricing, and rents
- Prepare financing applications
- Assemble lender, syndicator, and investor packages; compare LOIs and term sheets
- Manage third-party reports, due diligence, and closing checklists
- Track construction budgets and draws; support cost certs, 8609s and lease-up
- Prepare credit packages for committee reviews
- Screen new acquisition opportunities
- Underwrite GP acquisition opportunities
Required Qualifications
- Bachelor's degree in finance, real estate, economics, or a related field
- 2–5 years in affordable housing development, syndication, HFA work or real estate underwriting
- Working knowledge of LIHTC (4% and 9%) and/or project based Section 8
- Advanced Excel skills
- Self-motivated, detail-oriented, organized across multiple deals, and clear communication skills
- Ability to travel up to 25% of the time