What are the responsibilities and job description for the Real Estate Development Associate position at Civilitude?
Job Description
Job Description
About Capital A Housing ( a Hexah Collaborator and sister company to Civilitude)
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.
Position Overview :
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.
Duties and Responsibilities :
- 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 needed and directed by the director of pre-development.
- Reports to the Director of Pre-Development; duties often coordinated with other employees;
Requirements
Required Experience and Qualifications :
Benefits
Benefits :
As a member of our team, you will be part of a firm deeply rooted in the Austin community, where our principals actively contribute to city commissions and nonprofit boards, and advocate for sustainable development. If you are ready to challenge the status quo and contribute to a more equitable future, we invite you to apply and grow with us.
Additionally, Capital A Housing is part of the Hexah family of companies. As such, we offer a competitive benefits package which includes :
