Development Analyst

Full time
Locationcalifornia Calendar10/01/2019   Full time

At Chelsea Investment Corporation, we are passionate about fostering successful relationships, while providing efficient financial engineering and development services in the multi-family affordable housing industry.


Our business is growing rapidly, thus we are expanding our team and have an immediate opening for a Development Analyst. An employee in this role will assist our Development team with day-to-day duties from the acquisition through pre-development, and pre-construction phases of each assigned project.


The Development Analyst will:

  • Compile detailed financing applications for various state and local funding programs such as low-income housing tax credits and tax-exempt bonds
  • Assist with negotiating contract terms and scope with consultants and contractors
  • Assist with maintaining project timelines, ensuring milestones are met on time and within budget
  • Provide reports related to project status to investments team and other stakeholders
  • Assist Development Staff in securing the appropriate approvals, certifications, permits, etc. from city and other government agencies as required
  • Manage project documents including discretionary and non-discretionary approvals, agency releases/declarations/determinations, easements, covenants, etc.
  • Perform due diligence relating to real estate acquisitions
  • Review real estate titles and entitlements
  • Support development of pro-forma by gathering necessary development fee and cost data
  • Work with third parties (lenders, investors, government agencies) to obtain and disseminate due diligence documentation


  • Bachelor’s Degree in business, finance, economics, public administration, community development, planning or related field
  • Three (3) years of experience in a related industry such as real estate, tax, banking, finance or public administration
  • Intermediate knowledge of affordable or multi-family housing or real estate development; and/or related legal or other experience
  • Experience in underwriting, financial analysis, due diligence, feasibility analysis, risk assessment and proforma development
  • A history of involvement with project teams within related industry
  • Proficiency with Microsoft Office (Word, Excel, Outlook, and Project)
  • Demonstrated excellent written and verbal communication skills
  • Extremely organized with ingrained ability to prioritize and multi-task in a fast-paced environment
  • Keen attention to detail with focused adherence to strict deadlines and procedures
  • Sound problem-solving skills with demonstrated ability to exercise sound independent judgment
  • High level of integrity and dependability, including handling sensitive and confidential information
  • Teamwork mindset and temperament to work effectively with a diverse group of people
  • Genuine desire to work in real estate development affordable housing industry
  • Personal accountability and enthusiasm for achieving company goals
  • Demonstrated community involvement and social responsibility preferred

We are passionate about identifying and implementing timely and cost-effective solutions to the many challenges of affordable housing. By joining the team at Chelsea, you will be part of an experienced group that develops affordable homes and changes lives. We offer competitive salaries, career paths, and excellent benefits including: Vacation, Sick, and Personal Time; Company Holidays; Healthcare Benefits; 401(K); Life Insurance.


Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, protected Veteran status, or other protected categories. Chelsea is committed to inclusive hiring and dedicated to diversity and inclusion in its work and staff.