Associate Development Officer

Virginia Housing Development Authority

$82K — $111K *
Real Estate & Construction
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Real Estate, Business, Finance, Economics, Mathematics, or Urban Planning, or equivalent experience
  • A few years of real estate experience, preferably in the multifamily or commercial sector
  • Basic understanding of real estate, finance, and general business
  • Valid Driver's License
  • Direct experience with commercial/multifamily loan underwriting is preferred

Responsibilities

  • Evaluate loan requests for various rental housing projects
  • Make financing recommendations aligned with Virginia Housing's mission
  • Support commercial/multifamily loan production efforts
  • Assess adaptive reuse and substantial renovation projects
  • Conduct rent and operating expense analysis for determining loan sizes

Benefits

  • Work-life balance with hybrid work options
  • Opportunity to impact community through housing initiatives
  • Supportive team environment at Virginia Housing
  • Career advancement potential within a state-focused organization
Full 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.

To be successful in this role you must possess:
  • Bachelor's degree in Real Estate, Business, Finance, Economics, Mathematics or Urban Planning or equivalent work experience
  • A few years of real estate experience preferably in the multifamily or commercial area
  • Basic understanding of real estate, finance, and general business acumen
  • A valid Driver's License


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.

Applications and resumes are accepted online only at http://www.virginiahousing.com/careers

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.

Apply through the Zone or at http://employees-virginiahousing.icims.com/.

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