Lincoln Avenue Communities

Lincoln Avenue Communities

Development Associate (Affordable Housing/LIHTC)

Santa Monica, California, United States

Sponsorship not specified$120k-$135kDetected 51 days ago
ExcelLeadershipMentoringPublic SpeakingUnderwriting

About the role

  • Lincoln Avenue Communities is seeking a Development Associate to join a talented team of real estate professionals focused on expanding access to quality affordable housing across the country.
  • What makes LAC unique is the level of exposure our Development team members receive.
  • This role is highly collaborative and offers direct exposure to the people, decisions, and partnerships that move transactions forward.

Responsibilities

  • You will work closely with Originations and partner regularly with Asset Management, Construction, Legal, Finance, senior leadership, and third-party consultants to support successful outcomes across the portfolio.
  • Work with internal teams, capital partners, and consultants to drive transactions forward throughout the full deal lifecycle.
  • Maintain up-to-date pro-formas that accurately reflect the project budget and financing plan.
  • Assist with the training and mentoring of analysts who support the Associate role.
  • As a vertically integrated developer, investor, and long-term operator, we deliver sustainable, high-quality homes to lower- and moderate-income individuals, seniors, and families across 32 states.
  • Our approach combines strategic investment, thoughtful design, and community partnerships to deliver housing solutions that foster stability, opportunity, and resilience.
  • Rather than being siloed in one part of the process, you will develop a well-rounded understanding of how complex affordable housing deals come together.

Requirements

  • Demonstrated experience or knowledge of public and private affordable housing funding resources and subsidy programs, including LIHTC, tax-exempt bonds, and syndication process
  • ability to combine financing tools to leverage housing funds creatively.
  • Self-starter with the ability to work independently while also being comfortable interacting with and presenting to senior management and external parties.
  • Must be a strong collaborator among peer groups within the company, and with counterparties.
  • 2+ years of experience in affordable housing development, with a strong working knowledge of LIHTC transactions and processes is required.
  • Background in real estate investment banking, private equity, or with a for-profit real estate developer and owner/operator required.

Compensation

  • $120k-$135k

Company info

  • generating risk-adjusted returns and managing great, stable communities for our residents.
  • Ideally, this person brings experience with execution at the granular development & transaction level Ability to utilize GenAI tools to optimize workflows, improve efficiency, and enhance overall productivity while maintaining accuracy, quality, and sound judgment.
  • Perform other duties as reasonably assigned.
  • Education and Experience Bachelor's degree in business, finance, real estate, development, or related field with demonstrated performance and leadership in school is required.
  • Highly proficient in investment analysis using Microsoft Excel models and investment presentation experience.
  • The expected base salary for this role is $120,000 - $135,000.
  • This represents the current target and is subject to change.
  • To determine starting pay, we carefully consider a variety of factors, including primary work location and an evaluation of a candidate's skills, experience, market demands, and internal parity.
  • Our comprehensive total rewards package offers more than just a salary.
  • Benefits include:
  • Additional compensation offered in the form of performance-based bonuses, including semi-annual supplemental bonuses for high-performing employees Full medical, dental, and vision coverage for you and your dependents 401(k) plan with employer matching and immediate vesting Life and disability insurance Relocation assistance Generous PTO, holidays, and sick time Lunch provided daily On-site gym facility Paid parental leave Employee referral incentives Significant firm investment in individual and team-oriented growth Fun company and team-building events Continuous learning and development opportunities
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This listing is sourced directly from Lincoln Avenue Communities's careers page and normalized into a canonical job model.