Real Estate Development Manager (LIHTC)

Location: Nashville, Tennessee

Salary: $90,000–$100,000 plus bonus structure

About the Employer

Holladay Ventures is a nationally award-winning real estate development company specializing in developing impact-driven affordable housing solutions that are intentionally designed to make a positive difference in the lives of residents and the environment.

Role Summary

The Real Estate Development Manager will manage the entire development process, combining analytical expertise, project management, and deal sourcing. This position requires strategic thinking, financial acumen, and adaptability, with a focus on LIHTC experience. The role involves coordinating feasibility analysis, acquisition, deal structuring, design development, financing, public approvals, construction, and close-out, while collaborating with internal teams and third-party consultants.

What You'll Do

Perform detailed financial analysis and modeling, including pro forma development and pro forma operating budgets
Analyze potential properties to purchase, coordinate due diligence activities, analyze rental sub-markets, and support the VP of Development
Assist in negotiating LOIs and purchase contracts with land sellers or brokers
Prepare responses to requests for proposals and solicitations for bids, collaborating on creative concepts, analyzing economics and financing structure, and preparing proposal materials
Manage development budgets throughout the development process to ensure balanced sources and uses and achievement of revenue goals
Manage entitlement, zoning, and permitting processes, including community input and approval processes
Manage and maintain development schedules to ensure timely completion of development milestones including closing
Work closely with design and construction management staff, third-party design professionals, and general contractors to generate and refine development plans
Attend construction progress meetings, review and approve development-related invoices, draws, and change orders
Monitor marketing and lease-up processes to meet or exceed lease-up goals
Oversee timely completion of close-out processes
Conduct thorough site assessments and due diligence to identify viable development opportunities
Create detailed project budgets including cost estimates for land acquisition, design, construction, and other development expenses
Present findings and recommendations to senior management and stakeholders to inform decision-making

Required Qualifications

Bachelor's degree
4–6 years of new construction multifamily development experience, with at least 3 years in LIHTC
Experience with all aspects of the real estate development process, from acquisition and financing through design and construction to stabilization
Experience with complex, multi-layered real estate financing, preferably with the Federal Low Income Housing Tax Credit Program and affordable housing loan products
Knowledge of land use, public financing, and real estate development regulations
Experience in applying for LIHTC funding and general grant writing
Comfort with public speaking and community presentations
Experience managing developments under deadlines requiring the organizing of multiple tasks and objectives
Skills and experience in negotiating acquisitions and financing commitments
Proficiency with Word and Excel
Good decision-making skills, judgment, and ability to solve problems
Detail-oriented and task-driven

Preferred Qualifications

Proficiency with MS Project and PowerPoint

Additional Information

The ideal candidate will embody the following core values and attributes: proactive and takes initiative without being asked; committed to following through with excellence and consistency; strategic and tactical in both thinking ahead and executing flawlessly; maintains integrity and ethical standards at all times; forward-thinking and embraces change while continuously seeking better ways to work; flexible and adaptable to thrive in a fast-moving, evolving environment; emotionally intelligent and positive, bringing professionalism, resilience, and calm under pressure.

Holladay Ventures

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Real Estate Development Manager