Associate Development Officer

Associate Development Officer

Responsible for commercial/multifamily loan production, evaluating loan requests and making recommendations for financing a wide array of rental housing projects to further Virginia Housing’s mission and strategic priorities.

The associate will support the Development team, evaluate loan requests, and recommend financing for new construction, adaptive reuse, acquisition, and substantial renovation projects.

• Bachelor's degree in Real Estate, Business, Finance, Economics, Mathematics, 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.
• Direct experience in commercial/multifamily loan underwriting with an emphasis on rent and operating expense analysis to determine loan size.

• Virginia Housing requires associates to live and work within the Commonwealth of Virginia.
• Background and motor vehicle check will be performed.
• Conflict-of-Interest Act Disclosure form and Secondary Employment Disclosure form are required.

Reports to our Innsbrook office in Glen Allen, VA.

Hiring range: $82,000–111,000.

-EOE- V3 Certified Military friendly employer.