Senior Affordable Housing Associate

Job Overview

Stoel Rives LLP is seeking an associate with six or more years of affordable housing experience to join its Real Estate Practice Group. We will consider candidates interested in any of our offices:
Anchorage, Boise, Minneapolis, Portland, Sacramento, San Diego, San Francisco, Seattle, or DC.

• Six or more years of affordable housing experience.
• Experience with the full lifecycle of affordable housing deals, including site control, due diligence (title/survey, zoning, property tax exemptions), financing, construction/permanent loan closings, and post‑closing matters.
• LIHTC experience (9% and 4%), including tax‑exempt bond financings and layered financing structures.
• Experience drafting core deal documents such as development agreements, disposition/ purchase and sale agreements, partnership/operating agreements, loan and credit agreements, regulatory and land‑use agreements, ground leases, joint‑venture agreements, and debt and equity opinion letters.
• Experience coordinating and negotiating with lenders, investors, municipal and state agencies, and third‑party consultants; shepherding multi‑party, multi‑deadline transactions.
• Familiarity with HUD programs such as Section 8/HAP, RAD conversions, FHA‑insured loans (e.g., 221(d)(4), 223(f)), mixed‑finance, HOME/CDBG, and state housing finance agency requirements.
• Experience with preservation, resyndications, portfolio transactions, rehabilitation and scattered‑site projects.
• JD and active bar membership in good standing; ability to gain admission where required.

• 1,800 billable hours and an “all‑in” hours expectation of 2,050 or 2,150, depending on seniority.

• The billable hours expectation includes up to 50 pro bono hours.

• All‑in hours include the billable hours expectation as well as any additional billable hours, pro‑bono hours and investment hours.

• Investment activities include business development, professional development, mentoring and coaching, recruiting, contributing to the firm’s workplace culture, and civic and community activities.

• To be eligible for a bonus, associates must reach or exceed 1,850 billable hours (inclusive of up to 50 pro‑bono hours) and meet or exceed the all‑in hours expectation.

• Base compensation range: $236,000 to $325,000, inclusive of salaries in all listed markets. Base compensation presented to an individual candidate may vary based on skills, overall experience, and market location.

• Training programs and retreats addressing practice area topics and skills at all levels.
• Coaching and mentoring program.
• New lawyer integration program providing resources and information needed for success.
• Core competency model outlining practical skills, abilities, and client service techniques.
• Participation in the ABA Well‑Being Pledge, emphasizing the well‑being of employees.