Development Associate (LIHTC)

Holladay Ventures; Nashville (TN); On-site; USD 75,000 - 85,000; Full time

Job summary

Holladay Ventures is seeking a Development Associate to support the real estate development team in Nashville. The role blends analytical work with project management to coordinate feasibility analyses, design development, financing, and close-out for multifamily projects.

The ideal candidate brings LIHTC experience, strong financial analysis skills, and the ability to manage multiple concurrent developments while collaborating with internal teams and external consultants.

Qualifications

• Bachelor’s degree required.
• 1–3 years of new construction multifamily development experience, at least 2 years of LIHTC.
• Experience with all aspects of the real estate development process, from acquisition and financing through design and construction to stabilization.
• Ability to manage multiple projects simultaneously, meet deadlines and prioritize due diligence
• Experience with complex, multi-layered real estate financing, preferably with the Federal Low Income Housing Tax Credit Program and affordable housing loan products.
• Knowledge of public financing, and real estate development regulations.
• Applicant must be comfortable communicating with internal and external partners.
• Experience managing deadlines that required the organizing of multiple tasks and objectives.
• Applicant must have skills and experience in project management and financing.
• Proficiency with Word and Excel is required; proficiency with MS Project and PowerPoint is preferred.
• Good decision-making skills, judgment, and ability to solve problems
• Detail oriented and task driven

Responsibilities

• Perform detailed financial analysis and modeling.
• Analyze potential properties to purchase, including producing proformas and creating written project documents, coordinate due diligence activities, analyze the rental sub-market, and generally support the VP of Development.
• Work with team members to prepare responses to requests for proposals and solicitations for bids by collaborating on the creative concept, analyzing the economics and financing structure and preparing proposal materials.
• Assistance with LIHTC funding applications and other grants
• Assist in performing due diligence on potential acquisitions
• Prepare development budgets and pro forma operating budgets and manage the development budget throughout the development process to ensure balanced sources and uses, and achievement of HV revenue goals.
• Work closely with design and construction management staff, third-party design professionals and general contractors to generate and refine development plans to produce high quality communities that are both responsive to the needs of our residents and communities and are financially feasible.
• Create detailed project budgets, including cost estimates for land acquisition, design, construction and other development expenses.
• Develop comprehensive project timelines and schedules, outlining key milestones and deliverables and ensure timely completion of tasks.

Skills

LIHTC experience

Financial analysis

Project management

Multitasking

Communication

Education

Bachelor’s degree

Tools

Word

Excel

MS Project

PowerPoint

Job description

Development Associate – Holladay Ventures

The Real Estate Development Associate will take on a diverse range of responsibilities, combining analytical expertise, project management, and supporting the development team. This position requires a blend of strategic thinking, financial acumen, and adaptability. The ideal candidate will have LIHTC experience and will prioritize immediate Holladay Ventures’ needs, which include financial analysis, project management, and development team support.

The Real Estate Development Associate is responsible for managing the coordination of feasibility analysis, design development, financing, and close-out. This position involves teamwork, collaboration with colleagues including other real estate development staff and Holladay Ventures’ Land Acquisition, Design and Construction Management, Accounting and Asset Management staff, and with third-party consultants such as legal and design professionals.

Holladay Ventures is an award-winning real estate development company who specializes in developing workforce, affordable, and mixed-income housing solutions that are not only intentionally designed but also make a positive difference in the lives of residents and the environment.

Salary Range: $75,000 – 85,000+BonusStructure

Qualifications

• Bachelor’s degree required.

• 1-3 years of new construction multifamily development experience, at least 2 years of experience in LIHTC.

• Experience with all aspects of the real estate development process, from acquisition and financing through design and construction to stabilization.

• Ability to manage multiple projects simultaneously, meet deadlines and prioritize due diligence

• Experience with complex, multi-layered real estate financing, preferably with the Federal Low Income Housing Tax Credit Program and affordable housing loan products.

• Knowledge of publicfinancing,and real estate development regulations.

• Applicantmust be comfortable communicating with internal and external partners.

• Experience managing deadlines thatrequiredthe organizing of multiple tasks andobjectives.

• Applicantmust have skills and experience in project management and financing.

• Proficiencywith Word and Excel isrequired;proficiencywith MS Project and PowerPoint is preferred.

• Good decision-making skills, judgment, and ability to solve problems

• Detail oriented and task driven
  

KeyResponsibilities

• Perform detailed financial analysis and modeling.

• Analyze potential properties to purchase, including producing proformas and creating written project documents,coordinatedue diligence activities,analyzethe rental sub-market, and generallysupportthe VP of Development.

• Work with team members to prepare responses to requests for proposals and solicitations for bids by collaborating on the creative concept, analyzing the economics and financingstructureand preparing proposal materials.

• Assistancewith LIHTC funding applications and other grants

• Assistin performing due diligence on potential acquisitions

• Prepare development budgets andpro formaoperating budgets and manage the development budget throughout the development process to ensure balanced sources and uses, and achievement of HV revenue goals.

• Work closely with design and construction management staff, third-party designprofessionalsand general contractors to generate and refine development plans to producehigh qualitycommunities that are both responsive to the needs of our residents and communities and are financiallyfeasible.

• Create detailed project budgets, including cost estimates for land acquisition, design, construction and other development expenses.

• Develop comprehensive project timelines and schedules, outlining key milestones and deliverables and ensuretimelycompletion of tasks.

Core Values & Ideal Attributes

• Proactive: Anticipatesneeds and takes initiative without being asked.

• Committed: Follows through with excellence and consistency.

• Strategic & Tactical: Thinks ahead while executing flawlessly.

• Integrity: Maintains confidentiality and ethical standards at all times.

• Forward-Thinking: Embraces change and continuouslyseeksbetter ways to work.

• Flexible & Adaptable: Thrives in a fast-moving, evolving environment.

• Emotionally Intelligent & Positive: Brings professionalism, resilience, and calm under pressure.