Associate Development Manager
Location: Deerfield Beach, FL
Work Arrangement: Hybrid
About the Employer
Founded in 2020, ACRUVA Capital Partners (ACP) is a boutique real estate investment and development firm based in Deerfield Beach, Florida, with additional operations in San Juan, Puerto Rico. ACP operates through a joint venture structure, partnering with ADC Communities (a Walker & Dunlop subsidiary) to finance, develop, and preserve affordable multifamily housing across the U.S. and Puerto Rico. ACP aims to expand access to safe, stable, and healthy housing for extremely low- to moderate-income families, elderly individuals, and those with special needs by building resilient, sustainable, equitable rental communities using innovative technologies to reduce costs and accelerate delivery timelines.
Role Summary
The Associate Development Manager plays a supportive role in advancing the mission of creating and preserving high-quality affordable housing throughout Florida and other select markets. This position is responsible for managing multiple affordable housing real estate projects from concept to closeout. You will collaborate and oversee all aspects of the development lifecycle including feasibility, financial modeling, predevelopment, design coordination, permitting, entitlements, construction, lease-up, and conversion to permanent financing.
What You'll Do
- Lead and manage the development cycle of multiple affordable housing projects (2–4 concurrently) from predevelopment through stabilization
- Prepare and manage project development timelines, budgets, and critical path milestones
- Coordinate and manage third-party consultants including architects, engineers, general contractors, attorneys, surveyors, and environmental consultants
- Oversee zoning, permitting, environmental review, site planning, and land use approvals with relevant municipalities in Miami-Dade County
- Participate in development meetings, track progress, and prepare internal reports for senior management and funders
- Maintain pre-development and construction budgets using Excel, Northspyre, and Procore in collaboration with the Finance Department
- Assist with structuring layered financing packages, including public and private debt
- Prepare funding applications for sources such as FHFC, Miami-Dade PHCD, City of Miami, SAIL, SHIP, and CDBG-DR
- Work closely with underwriters, investors, lenders, and public agencies to close project financing
- Co-manage the design process in coordination with architects and consultants to ensure alignment with company design guidelines, project goals, budget, and funding regulations
- Support the general contractor selection process, including bidding and contract negotiations alongside Vice President of Construction
- Monitor construction progress, participate in OAC meetings, lead site visits, and work with construction management to ensure on-time and on-budget delivery
- Review and approve monthly draws, change orders, and construction pay applications in collaboration with Vice President of Construction
- Ensure compliance with industry standards and best practices
- Support closing transactions with lenders and equity providers, including legal and financial due diligence
- Maintain compliance with regulatory requirements tied to LIHTC, HOME, Surtax, PBVs, RAD conversions, soft/gap funds, and local affordability covenants
- Coordinate with asset management to ensure smooth handoff post-construction and during lease-up
- Build and maintain relationships with public officials, community-based organizations, and local residents
- Attend public meetings, planning boards, and community presentations to represent the organization and support coordination of groundbreaking and grand opening ceremonies
- Support the preparation of presentation materials, funding applications, and public documents
Required Qualifications
- Minimum 2–3 years of professional experience in affordable tax credit housing real estate development
- Bachelor's degree in Real Estate, Urban Planning, Finance, Architecture, Construction Management, Public Policy, or a related field
- Strong working knowledge of LIHTC (9% and/or 4%) + Bonds
- Strong working knowledge of HUD and Florida Housing Finance Corporation (FHFC) programs
- Strong working knowledge of Miami-Dade County PHCD financing program
- Strong working knowledge of zoning and permitting processes in Miami and surrounding municipalities
- Proficiency in Microsoft Excel financial modeling, Word, Outlook, and PowerPoint
- Excellent organizational, project management, and interpersonal skills
- Ability to communicate effectively with team members, consultants, and stakeholders
Preferred Qualifications
- Master's degree (e.g., MRED, MPA, MSRED, MBA)
- Familiarity with Northspyre, Yardi, Smartsheet, or Procore
Physical Requirements & Working Conditions
This is a hybrid role with a combination of office-based work at company headquarters and field visits to development sites. Must be able to travel within South Florida and occasionally throughout the state.
