Development Manager - Affordable Housing

Denton Floyd Real Estate Group

$80K — $95K *
Real Estate & Construction
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in real estate, finance, urban planning, business, or a closely related field.
  • Hands-on experience managing LIHTC affordable housing transactions from start to finish.
  • Experience identifying, sourcing, and underwriting LIHTC development opportunities.
  • Strong knowledge of tax-credit basis, eligible costs, unit mix, and development pro formas.
  • Ability to structure both 4% and 9% LIHTC transactions, including sources and uses and equity sizing.
  • Experience preparing 9% LIHTC applications and 4% bond financing packages as per QAP requirements.
  • Experience collaborating with bond issuers, municipalities, equity investors, and lenders on LIHTC projects.

Responsibilities

  • Lead affordable housing projects from inception to stabilization and delivery.
  • Oversee underwriting, project budgets, and financial feasibility for development opportunities.
  • Manage entitlements, permitting, and consultant coordination across multiple active projects.
  • Coordinate cross-functional teams to ensure schedules, budgets, and approvals remain on track.

Benefits

  • Medical, dental, and vision insurance.
  • 401(k) retirement plan with company match.
  • Paid time off and company holidays.
  • Professional development support and growth opportunities within the company.
Full Job Description
This role offers the opportunity to contribute to affordable housing development within a fully integrated platform. As Development Manager - LIHTC, you will help drive complex projects forward by combining financial rigor, development execution, and coordination across internal and external stakeholders to support successful outcomes.
Responsibilities
  • Lead affordable housing projects from concept through stabilization and delivery.
  • Oversee underwriting, project budgets, and financial feasibility for development opportunities.
  • Manage entitlements, permitting, and consultant coordination across multiple active projects.
  • Coordinate cross-functional teams to keep schedules, budgets, and approvals on track.

Requirements
  • Bachelor's degree in real estate, finance, urban planning, business, or a closely related field.
  • Deep, hands-on experience managing LIHTC affordable housing transactions end-to-end.
  • Experience identifying, sourcing, and underwriting LIHTC development and acquisition/rehabilitation opportunities.
  • Strong knowledge of tax-credit basis, eligible costs, unit mix, and development pro formas in LIHTC projects.
  • Ability to structure both 4% and 9% LIHTC transactions, including sources and uses and equity sizing.
  • Experience preparing competitive 9% LIHTC applications and 4% LIHTC bond financing packages in line with QAP requirements.
  • Experience working with bond issuers, municipalities, equity investors, and lenders on LIHTC development projects.
  • Eligible to work in the United States.

Benefits

Compensation & Benefits

Our benefits include:
  • Medical, dental, and vision insurance.
  • 401(k) retirement plan with company match.
  • Paid time off and company holidays.
  • Professional development support and opportunities for growth across a vertically integrated platform.

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