Development Associate (Affordable Housing)

Company Profile:

BLDG Partners LLC is a Southern California based real estate investment firm founded in 2010 focused on the preservation of workforce and affordable housing. Our growing portfolio comprises of over 5,000 units across 8 States. We pursue opportunities to improve communities in urban and suburban markets across the country.

Guided by a deep belief in housing as a foundation for thriving lives, we integrate purpose-driven investment, thoughtful design, and community trust to deliver solutions that support long-term stability and opportunity for our residents.

The Opportunity:

BLDG is actively seeking a Development Associate to join our growing team of experienced affordable housing real estate professionals. Our focus is the acquisition, rehabilitation, and preservation of affordable multi-family rental communities across the U.S. Within our larger portfolio, BLDG owns and operates properties in Virginia, Texas, and California, with plans to preserve and enhance these assets through LIHTC allocations and other soft funding capital sources.

In this role, the Development Associate will support senior leadership in all phases of the LIHTC resyndiction of several existing portfolio assets in Virginia, Texas and California. Additionally, the Associate will contribute to the evaluation and execution of new acquisitions, refinancings, and development opportunities. This position works cross-functionally with internal teams, including Acquisitions, Asset Management, Facilities, and Construction and engages with external partners such as lenders, investors, brokers, consultants, legal advisors, and local agencies.

We’re looking for a candidate with strong financial acumen and polished communication skills who is detail-oriented, analytical, and driven to grow within the field of real estate development. This is a dynamic, hands-on opportunity for a motivated individual who aspires to become a team leader.

As a well-capitalized and fast-growing company, BLDG offers outstanding potential for career advancement, including long-term growth opportunities and a pathway to equity. The Development Associate will report directly to one of BLDG’s Principals.

Responsibilities:

• Building and maintaining detailed financial models and presentation materials to evaluate resyndication and acquisition opportunities, utilizing various capital structures.
• Supporting negotiations with lenders and equity investors to secure project financing, including both debt and equity capital sources.
• Conducting market research and analysis to assess viability and strategic fit of new acquisitions and resyndication opportunities.
• Actively participating in the design and construction management process, ensuring development goals align with budget, timeline, and regulatory requirements.
• Compiling, reviewing, and analyzing due diligence materials—covering financial, demographic, market, site-specific, and regulatory data.
• Preparing and coordinating financing applications and transaction documentation required for acquisitions, equity and debt closings, and governmental subsidy programs.
• Overseeing the acquisition and deal closing process, working collaboratively with legal counsel, consultants, and internal stakeholders.
• Assisting in the preparation of state and federal tax credit applications (LIHTC), tax-exempt bond requests, and other soft funding proposals.
• Researching planning documents, zoning ordinances, legal cases, and other sources to support land use analysis and determine the highest and best use for multifamily development projects.

Qualifications:

• Bachelor’s degree in urban planning, finance, business, real estate, economics, or related field.
• 5-years’ experience in affordable housing development, LIHTC application preparation, construction sources and uses preparation, construction budgeting, the development of stabilized operating budgets and tax credit delivery schedules.
• Excellent organizational, project management, and interpersonal skills.
• Ability to communicate effectively with team members, consultants, and stakeholders.
• Knowledge of HUD programs (e.g., 223f, 221df, Section 8), Agency (Fannie Mae, Freddie Mac) and State Bond Programs.

Compensation & Benefits:

The salary range for this position is $100,000 to $150,000 pending experience level with potential for discretionary end-of-year bonus

• Comprehensive medical, dental, and vision coverage options
• 401(k) plan with company match
• Paid holidays and paid time off