What are the responsibilities and job description for the Development Associate | LIHTC & Affordable Housing position at KM Partners | Affordable Housing Solutions?
Our Client
A rapidly growing, dynamic Real Estate company that acquires and develops affordable housing across the country, primarily in the Northwestern and Southeastern U.S. – mainly through the use of LIHTC. With offices in Washington, Georgia, Texas, and North Carolina, this company is focused on growing its national footprint into several other markets. Their founding Principals have over 4 decades of experience and have developed thousands of units of multifamily affordable and supportive housing. Their partners include local / state governments and non-profit organizations as well as various lenders and investors to build new facilities or acquire and rehabilitate existing properties.
We've already placed 8 professionals with this organization in 3 of their offices throughout the country over the last 4 years. This is an EXCELLENT group with a fantastic culture and reputation.
- The Owner of the company has been in the business for 40 years and is focused on succession planning and setting up his team for the future
- Senior leadership team is passionate about mentorship and looking for someone with high integrity and trustworthiness
- Actively focused on 4% and 9% new construction projects
- Very impressive deal volume, especially for their team size
- Well capitalized and highly interested in growth and expansion
- Developed, constructed and renovated 8,000 affordable and supporting housing units across 8 states
- Development pipeline currently includes another ~2,500 units across multiple states
The Opportunity
The Development Associate / Development Project Manager will be responsible for assisting the team with new project development, acquisition, and financing. As a critical member of the Development team, you will gain experience in all aspects of the development process and have direct interaction with company executives. The role will be expected to assist in simultaneously assembling and managing an external team of financiers, architects, designers, engineers and contractors. The position demands strong financial skills, creative thinking, leadership, and effective communication.
Scope of Responsibility
- Full-cycle involvement in affordable and supportive housing development projects
- Projects will be in a variety of states and geographic markets throughout the U.S.
- Financial feasibility analysis and underwriting of new development and acquisition opportunities
- Preparation of financing equity packages and applications
- Coordination and completion of due diligence items for lenders and investors
- Assist in the preparation of tax credit applications
- Investment committee presentation preparation and support
- Assist in entitlement process for new developments
- Assist in construction management and design process
- Ability to meet deadlines
Our Firm
KM Partners’ national Executive Search and Professional Recruitment practice areas focus on high-growth, impact-investment-oriented businesses across relevant industries, including Investment Management, Real Estate, Clean Energy, Sustainable Infrastructure, and related Business and Professional Services. With a core focus in Tax Credits (LIHTC, NMTC, Historic, & Renewable), Multifamily, Affordable and Senior Housing, we partner with clients and place industry-specific professionals throughout the United States. We represent C-level Executive Leadership, Middle Management, and experienced Associates across industry professions.