Description:

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.

Our Real Estate & Construction Team
The Stoel Rives' Real Estate & Construction team consists of more than 60 attorneys who provide legal counsel to real estate owners, developers, contractors, investors, and lenders, as well as architects, engineers, and suppliers. Our real estate, development, and construction attorneys assist clients with the land use, design, acquisition, disposition, development, financing, risk allocation and insurance assessment, construction, leasing, and sale of commercial, residential, and agricultural properties.

Skills & Experience Needed
Below are the skills and experience necessary for this role. Candidates need not have all of them; rather, having many of them coupled with the drive and enthusiasm to develop the rest is paramount.

Six or more years of affordable housing experience.
Experience with the full lifecycle of affordable housing deals: 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, including development agreements, disposition/purchase sand 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.

Hours Expectations & Compensation
The hours expectation for this position is 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, additional 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.

The base compensation range for this position is $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.

Developing & Retaining Talent
Stoel Rives places a high priority on attracting, developing, and retaining lawyers and business professionals.

We offer a variety of training programs and retreats addressing practice area topics and skills at all levels, as well as legal and professional skills generally. We have a coaching and mentoring program, and our new lawyer integration program provides new lawyers with the resources and information necessary to succeed after they join the firm. Finally, we have a core competency model which is a roadmap of the practical skills, abilities, and client service techniques needed for long-term success at the firm.

We value lawyers and business professionals who bring to the firm different backgrounds and experiences. Our people bring a variety of educational backgrounds, unique career experiences, bodies of knowledge, technical abilities, and community involvement. This variety makes us better at advising and serving our clients and it ensures a positive and supportive workplace for everyone.

We are proud participants in the ABA Well-Being Pledge, strongly believing that the well-being of our people is paramount to the success of the firm.

To learn more about the benefits of working as an attorney at Stoel Rives, click here.