Real Estate Development Associate

Our team is innovative and tenacious, fiercely advocating for our clients even in the face of adversity. Austin is a notoriously difficult place to complete development jobs in, but our team has the knowledge and expertise to look at the bigger picture, contribute beyond rigid scopes of work, and ensure that the end product is of the highest quality. Join our diverse and professional team to blossom your career and passion, and become part of a group dedicated to excellence and meaningful impact.

Full-Time

3-5 years

Capital A Housing is a development consultant focused on providing affordable housing in the Austin community. Combining the team’s varied expertise in public affairs, community-engaged architecture and urban design, Capital A Housing creates complete communities – those that offer more than just housing by incorporating services like healthcare, mental health support, access to the local food bank, partnerships with local artists, and more.

Capital A Housing navigates affordability with more agility than traditional developers and nonprofits, by layering local, state, and federal subsidies with land development code exceptions, tax abatement strategies, philanthropic grants, and community service providers. The team also takes projects one step further by tackling affordability at the policy level, counseling city leaders in the creation of policy drafts, and putting those adopted policies to work by delivering affordable housing.

Under direction from the Director of Pre-Development, the Real Estate Development Associate will support real estate development efforts primarily by serving as the project manager for affordable housing and mixed-income housing projects throughout the pre-development process. Primary responsibilities include performing economic analysis, underwriting, submitting funding applications, risk management, due diligence, and managing external consultants involved during the design development process.

This position is designed for candidates with experience managing LIHTC development projects from conception to financial closing/permitting as a developer, including candidates who have assisted extensively in such project management and are ready to take on the lead project management role. Experience with design, the construction phase of projects, and post-completion compliance and asset management is not required but will be considered as an additional qualification.

Experience and ability to navigate the LIHTC underwriting and financing process, preferably in Texas, is a firm requirement.

The Development Associate will work in Capital A Housing’s Austin office alongside the Capital A Housing team and will have the opportunity to work with employees of other Hexah collaborators to gain a wide range of experience in the development process.

• Maintain expertise with the federal LIHTC program, Qualified Allocation Plans, and other funding source rules;
• Support business development staff and coordinate activities with outside professionals;
• Assist with site selection and manage initial due diligence and feasibility analysis for potential development;
• Assist with underwriting efforts for development projects;
• Perform financial analysis and modeling, verification of income and expense assumptions, and evaluation of capital structures and financing;
• Prepare tax credit applications and coordinate responses to the state agency;
• Assist in the preparation of funding applications, performing closing due diligence, circulating documentation to debt and equity financing, and providing updates to capital partners;
• Solicit proposals and manage services provided by design professionals and consultants.
• Oversee preparation of feasibility reports and construction
• Participate in communication with construction staff and contractors. Assist in the confirmation of development costs, establishment of construction budgets, and finalizing construction;
• Coordinate preparation of monthly payment applications and draws; and
• Other development-related tasks as…