Dave Mevis joined The Habitat Company in 2016 as its new Director of Community Development, where he is responsible for sourcing acquisition and development opportunities as well as the recapitalization of Habitat's existing portfolio of affordable multifamily assets.
Dave assesses current and future use restrictions, and local market real estate dynamics in evaluating development opportunities. He works closely with the design and construction teams, as well as environmental engineers and entitlement professionals to determine project feasibility.
Leveraging his affordable housing finance relationships and experience, Dave secures the optimal stack of development capital for each unique community. He works closely with property management, resident services, lenders and investors to negotiate and structure the long-term financial forecast to first and foremost meet the needs of Habitat’s income-restricted tenancy, and secondly to meet the underwriting requirements of all lenders and investors.
Dave is engaged throughout the construction, lease-up and stabilization phases, ensuring equity and public funds come in as projected, construction loans are paid off on time, units are properly leased to qualified families -- delivering projected cash flow and tax benefits to Habitat’s lenders and investors, and the delivery of supportive services meets resident needs.
Dave has developed or financed over $1 billion of affordable housing in his roles with Mercy Housing Lakefront, GE Capital, Illinois Housing Development Authority, and Habitat for Humanity – Uptown Chicago. Dave earned a master’s degree in Public Policy from the University of Chicago, and bachelor’s degrees in Political Science and English Literature from Augustana College, Rock Island, Illinois.