Development Associate

Elmington•Nashville, TN

About The Position

Elmington Capital Group is seeking a Development Associate to support the development and acquisition of multifamily and affordable housing communities across the United States. The company has developed more than 15,000 multifamily units and focuses on creating high-quality communities and executing complex real estate transactions. The Development Associate will work directly with senior leadership on development activities from site selection through groundbreaking. The role involves leading key development processes, coordinating external partners, and advancing transactions toward closing.

Requirements

Bachelor's degree in Finance, Real Estate, Economics, Business, or a related field.
2–5 years of experience in real estate development, acquisitions, or finance.
Strong Excel, financial modeling, and analytical skills.
Exceptional attention to detail and ability to manage complex processes accurately.
Strong written and verbal communication skills, including experience working with external partners.
Problem-solving skills and ability to manage competing priorities.
Ability to take ownership of assignments and deliver high-quality work with limited oversight.

Nice To Haves

Knowledge of LIHTC, tax-exempt bonds, HUD, or other affordable housing financing programs.

Responsibilities

Identify and evaluate development and acquisition opportunities through market research, site selection, and outreach to brokers and landowners.
Analyze markets, site feasibility, zoning, and affordable housing funding opportunities.
Develop recommendations on potential acquisitions and development strategies.
Lead financial underwriting and maintain detailed models for LIHTC, mixed-finance, and market-rate developments.
Evaluate financing structures, validate assumptions, and identify risks or opportunities to improve project feasibility.
Review financial models, third-party reports, and transaction materials for accuracy, consistency, and completeness.
Lead the preparation and coordination of LIHTC, bond, and other public funding applications.
Lead due diligence processes, including managing checklists, third-party reports, and critical deadlines.
Coordinate architects, engineers, consultants, and public agencies through design, entitlements, and permitting.
Manage external communication with lenders, investors, attorneys, consultants, and development partners on assigned matters.
Manage financing and closing deliverables, track outstanding issues, and proactively resolve challenges to keep transactions on schedule.