Holladay Ventures is seeking a high-performing, technology-forward Real Estate (LIHTC) Development Manager in Nashville, TN.
The Real Estate (LIHTC) Development Manager will take on a diverse range of responsibilities, combining analytical expertise, project management, and deal sourcing. 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, followed by financial analysis, project management, and deal sourcing.
The Real Estate Development Manager is responsible for managing the entire development process including feasibility analysis, acquisition, deal structuring, design development, financing, public approvals, construction, 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.
Salary Range: $90,000 - $100,000 + Bonus Structure
Qualifications
- Bachelor's degree required.
- 4-6 years of new construction multifamily development experience, at least 3 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.
- 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 land use, public financing, and real estate development regulations.
- Experience in applying for LIHTC funding and general grant writing
- Applicant must be comfortable with public speaking and community presentations.
- Experience managing developments under deadlines that required the organizing of multiple tasks and objectives.
- Applicant must have skills and experience in negotiating acquisitions and financing commitments.
- 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
Key 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.
- Assist in negotiating potential LOI and purchase contracts with land sellers or brokers.
- 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.
- 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.
- Manage the entitlement/zoning and permitting processes, and related community input and approval processes
- Manage and maintain development schedules to ensure timely completion of development milestones including closing.
- 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.
- Attend construction progress meetings. Review and approve development-related invoices and draws including change orders.
- Monitor marketing lease-up process to meet or exceed lease-up goals.
- Oversee timely completion of close-out process.
- Conduct thorough site assessments and due diligence to identify viable development opportunities.
- Create detailed project budgets, including cost estimates for land acquisition, design, construction, and other development expenses.
- Present findings and recommendations to senior management and stakeholders to inform decision-making.
Core Values & Ideal Attributes
- Proactive: Anticipates needs 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 continuously seeks better ways to work.
- Flexible & Adaptable: Thrives in a fast-moving, evolving environment.
- Emotionally Intelligent & Positive: Brings professionalism, resilience, and calm under pressure.
