Associate, Development

Recruitment Team•New York, NY

88d•$95,000 - $115,000

About The Position

L+M Development Partners is hiring an Associate, Development to help expand its Low-Income Housing Tax Credit (LIHTC) new-construction platform into markets beyond its core New York region, including Texas, the Southeast and Mid-Atlantic, Florida, and Ohio. The role works with L+M’s finance and development teams and regional leads to identify and evaluate opportunities, support project financing and proposals, and advance the business’s expansion goals. The Associate will screen and underwrite development opportunities, assess financing proposals and strategies, evaluate acquisitions and joint ventures, and perform financial analysis for special projects. The position requires affordable-housing development and finance experience, LIHTC and tax-exempt bond expertise, strong financial and project-management skills, and the ability to collaborate with public agencies, regional teams, partners, lenders, and investors. L+M measures success through both financial returns and positive community impact. The company offers competitive compensation and benefits and potential for growth within a residential real estate developer and builder organization.

Requirements

Bachelor of Science or Master of Science in Real Estate, Business, Finance, Marketing, Civil Engineering, Architecture, Urban Planning, or a related field.
At least 3 years of experience in affordable-housing real estate development and finance.
Required expertise and experience with LIHTC and tax-exempt bonds.
Highly organized and detail-oriented, with strong project-management skills.
Experience responding to public proposals and working collaboratively with public agencies.
Leadership experience, demonstrated success driving results, ability to manage multiple priorities and meet deadlines in a fast-paced, dynamic environment, and accountability.
Strong understanding of financial markets, debt products, and regulatory requirements, with ability to explain complex financial concepts to diverse audiences.
Strategic mindset and ability to develop and execute business objectives.
Excellent written, verbal, and presentation communication skills.
Track record of building and maintaining relationships with agencies, partners, sponsors, lenders, and equity investors.
Versatility and comfort shifting between responsibilities.
Ability to work in a dynamic environment involving recurring deliverables as well as projects and initiatives supporting a growing business.

Nice To Haves

Direct RFQ/RFP experience is preferred.

Responsibilities

Work with LMFM and LMDP teams to develop and implement strategies for expanding L+M’s LIHTC new-construction platform into markets outside its core New York region, including Texas, the Southeast and Mid-Atlantic, Florida, and Ohio.
Lead screening and underwriting of new development opportunities, ensuring alignment with L+M’s core values and business practices; manage market risk, monitor pre-development exposure, and adapt to changing financing conditions.
Support regional development leads in evaluating LIHTC and debt financing proposals and strategies for later-stage development projects, including proposal evaluation, term-sheet negotiations, and structuring.
Evaluate acquisition and joint-venture opportunities with regional operators when they advance LMDP’s expansion goals, and manage integration of those operators into L+M’s platform when applicable.
Collaborate with regional new-construction leads on responses to RFQs and RFPs to generate additional business pipeline.
Perform financial analysis for special projects, evaluating new product types and financial structures such as LIHTC BTR and gap-equity financing.