Associate Development Manager

Affordable Housing and Services Collaborative, Inc.; Braintree (MA); On-site; Full time

Benefits offered by this job

401(k) with employer match

Health, dental, and life insurance

Flexible Spending Account (FSA)

Generous paid time off

Employee Assistance Program

Job summary

A nonprofit affordable housing developer based in Massachusetts is seeking an Associate Development Manager. The ideal candidate will support multifamily developments from feasibility to construction, engaging in financial analysis and team coordination. Requirements include 2–4+ years of relevant experience, strong Excel skills, and a Bachelor's degree. This role offers hands-on experience, career growth opportunities, and a competitive compensation package including health benefits and 401(k).

Qualifications

• 2–4+ years of experience in real estate or affordable housing.
• Experience with multifamily development or LIHTC transactions preferred.
• Strong organization and attention to detail.

Responsibilities

• Support projects from early feasibility through construction.
• Assist in due diligence, permitting, financing, and closing activities.
• Build and maintain project pro formas.
• Track development schedules and deliverables.
• Coordinate with architects, engineers, and contractors.

Skills

Strong Excel skills

Attention to detail

Communication skills

Ability to manage multiple priorities

Eagerness to learn

Education

Bachelor's degree in Finance, Real Estate, Urban Planning

Tools

Financial modeling using Excel

LIHTC knowledge

Job description

Associate Development Manager (Affordable Housing)

Affordable Housing and Services Collaborative, Inc. (AHSC)

About AHSC

Affordable Housing and Services Collaborative, Inc. (AHSC) is a mission-driven 501(c)(3) nonprofit developer with over two decades of experience creating and preserving high-quality affordable housing. Since 2001, AHSC has participated in the development of more than 47 multifamily communities totaling over 3,000 affordable units, including new construction, historic adaptive reuse, and occupied rehabilitation. Our work serves families, seniors, individuals with disabilities, veterans, and formerly homeless populations. AHSC specializes in complex, multi-layered transactions, utilizing LIHTC, historic tax credits, and a wide range of public and private financing sources.

The Opportunity

AHSC is seeking an Associate Development Manager to support a growing pipeline of multifamily affordable housing developments. This is an ideal role for a 2–4+ year professional looking to deepen their expertise in affordable housing and gain hands‑on experience across the full development lifecycle. You will work closely with senior development staff and gain exposure to real deal execution, including financial modeling, tax credit applications, and project closings.

What You’ll Do

Development Execution & Deal Support

• Support multiple projects from early‑stage feasibility through construction and lease‑up
• Assist in coordinating due diligence, permitting, financing, and closing activities
• Track development schedules, milestones, and deliverables

Financial Analysis & Modeling

• Build and maintain project pro formas and financial models in Excel
• Analyze sources & uses, development budgets, and operating projections
• Support underwriting for LIHTC and other financing applications
• Prepare and assemble materials for:
• LIHTC applications (4% and 9%)
• Public funding applications (state and local programs)
• Debt and equity financing packages
• Coordinate due diligence for lenders, investors, and public agencies
• Assist in managing closing checklists and document flow
• Track predevelopment and construction expenses
• Prepare and submit monthly requisitions and draw packages
• Monitor project cash flow and sources/uses during construction

Team Coordination

• Coordinate with architects, engineers, contractors, attorneys, and consultants
• Track third‑party deliverables and ensure deadlines are met
• Assist with preparation of internal and external presentations and reports

What We’re Looking For

Experience

• 2–4+ years of experience in real estate, affordable housing, finance, or related field
• Exposure to multifamily development or LIHTC transactions preferred

Technical Skills

• Strong Excel skills and experience with financial modeling
• Working knowledge of:
• LIHTC (4% and/or 9%)
• Public financing programs and layered capital stacks (preferred)
• Ability to manage detailed financial and project information with accuracy

Professional Skills

• Highly organized with strong attention to detail
• Ability to manage multiple priorities in a deadline‑driven environment
• Strong communication and interpersonal skills
• Eagerness to learn and grow within affordable housing development

Education

• Bachelor’s degree required (Finance, Real Estate, Urban Planning, or related field preferred)
• Advanced degree a plus

Why Join AHSC

• Hands‑On Deal Experience: Work directly on real transactions—not just support tasks
• Career Growth: Clear path to Development Manager with increasing responsibility
• Mission + Complexity: Combine meaningful impact with sophisticated real estate work
• Collaborative Team: Work alongside experienced affordable housing professionals

AHSC offers a competitive compensation package designed to attract and retain top talent.

• Salary: Competitive and commensurate with experience (market‑aligned for Boston area)
• Benefits Include:
• 401(k) with employer match
• Health, dental, and life insurance
• Disability insurance
• Flexible Spending Account (FSA)
• Generous paid time off
• Employee Assistance Program

How to Apply

Please submit a resume and cover letter describing your experience and interest in affordable housing development.