Development Associate, Affordable Housing, LIHTC

Lincoln Avenue Capital

Development Associate at Lincoln Avenue Communities handling affordable housing transactions like LIHTC and complex financial structuring. Collaborating across teams to promote quality affordable housing solutions.

Posted 6/24/2026full-timeSanta Monica • California • 🇺🇸 United StatesJuniorMid-Level💰 $120,000 - $135,000 per yearWebsite

About the role

Key responsibilities & impact

Work with deal teams to execute on a variety of complex transaction types spanning LIHTC new construction, re-syndications and acquisitions, with a focus on 4% LIHTC structure.
Work closely within deal teams to assess market dynamics, determine financial feasibility, and structure complicated transactions.
Work with internal teams, capital partners, and consultants to drive transactions forward throughout the full deal lifecycle.
Assist in capital structuring to include obtain debt and equity financing, including LIHTC, Tax-exempt bonds, FHA and Agency debt, and other forms of subordinate or gap financing as needed.
Maintain up-to-date pro-formas that accurately reflect the project budget and financing plan.
Establish close relationships with key agency staff members, government officials, community members, and state HFAs.
Assist with the training and mentoring of analysts who support the Associate role.
Help create and execute successful business plans from start to finish, ensuring high quality investments and best practices.

Requirements

What you’ll need

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.
Numbers-oriented with strong analytical skills who can evaluate complex data and provide solutions. Adept at modeling and thinking through investments and the impact of decisions through the investment process on financial outcomes.
Detail and process-oriented.
Self-starter with the ability to work independently while also being comfortable interacting with and presenting to senior management and external parties.
Aptitude for creating strong internal and external relationships. Must be a strong collaborator among peer groups within the company, and with counterparties.
Passionate and aligned with the company's double bottom line mission: 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.

Benefits

Comp & perks

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

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills & Tools

financial feasibility analysiscapital structuringpro-forma maintenancedata modelinginvestment analysistransaction structuringrisk-adjusted returnsaffordable housing fundingsubordinate financinggap financing

Soft Skills

analytical skillsdetail-orientedself-startercollaborationrelationship buildingpresentation skillsmentoringproblem-solvingindependent workcommunication