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.