Associate Development Officer

Virginia Housing; Glen Allen (VA); On-site; USD 82,000 - 111,000; Full time

Benefits offered by this job

Fitness center

Free parking

Educational opportunities

Job summary

Virginia Housing in Glen Allen, VA seeks an Associate Development Officer to manage commercial/multifamily loan production, evaluating requests and recommending financing that aligns with our mission. The role supports loan production under the Development team and reports to the Innsbrook office, with collaboration across teams to ensure timely, compliant closings.

The ideal candidate has direct underwriting experience, strong analytic skills, and a commitment to affordable housing.

Qualifications

• Direct experience in commercial/multifamily loan underwriting with emphasis on rent and operating expense analysis.

Responsibilities

• Evaluate loan requests and make recommendations for financing.
• Support loan production as part of the Development team.
• Report to the Innsbrook office in Glen Allen, VA.
• Collaborate with internal teams to ensure compliance and timely closing.

Skills

Commercial lending

Multifamily underwriting

Rent analysis

Operating expense analysis

Job description

Overview
Join Virginia Housing and help make a difference as an Associate Development Officer

This important role has responsibility for commercial/multifamily loan production, with deal assignments consistent with their experience. With the support of the Development team, the associate will evaluate loan requests and make recommendations for financing for a wide array of rental housing projects to further Virginia Housing’s mission and strategic priorities. Virginia Housing’s rental housing loan program includes new construction, adaptive reuse, acquisition, and substantial renovation projects.

Virginia Housing is one of the nation’s premier housing finance agencies. Our mission is to help Virginians attain quality, affordable housing, which we accomplish through our public-private partnerships.

We are focused on employee engagement and committed to a healthy and diverse workforce. We offer on-site conveniences such as a fitness center and free parking. Educational opportunities to help your advancement are available through classroom and online programs.

The ideal candidate would also have direct experience in commercial/multifamily loan underwriting with an emphasis on rent and operating expense analysis in determining loan size.

This position will report to our Innsbrook office in Glen Allen, VA.

This position will close at midnight on 8/9/2026

Hiring Range: $82,000-111,000

A background and motor vehicle check will be performed as a condition of employment.

A Conflict-of-Interest Act Disclosure form and Secondary Employment Disclosure form will need to be completed as a condition of employment.

Virginia Housing requires associates to live and work within the Commonwealth of Virginia.

Internal applicants

(MR- 7) Please review relevant HR policy under 'Employment Practices' on the Zone before applying.

-EOE-

V3 Certified Military friendly employer