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Development Associate

Company: Commonwealth Construction
Location: Madison
Posted on: January 27, 2023

Job Description:

Description: JOB PURPOSE or JOB SUMMARY:The Development Associate will work closely with the Regional Developers to identify new projects and secure financing. The Development Associate will assist several Regional Developers and work on multiple projects to help achieve the Company's overall development production objectives. The position will work closely across all Commonwealth departments and external partners including investors, lenders, housing agencies and consulting professional.ESSENTIAL DUTIES and RESPONSIBILITIES:-- Analyze LIHTC Qualified Allocations Plans and recommend strategies to achieve maximum production.-- Assist Developers with site searches and evaluation to identify potential development opportunities.-- Perform project financial modeling and feasibility analysis.-- Perform due diligence such as market conditions, entitlements, real estate taxes, utilities, title and environmental.-- Assist Developers with applications and requests for proposals/qualifications for a variety of funding sources and potential partnership opportunities. -- As needed, assist with the closing for pre-development financing, land acquisition and LIHTC investors. -- Effectively communicate relevant project information to senior project team members.An individual in this position must be able to successfully perform the essential duties and responsibilities listed above. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of this position.The above list reflects the general details necessary to describe the principle and essential functions of the position and shall not be construed as the only duties that may be assigned for the position.Requirements: PREFERRED QUALIFICATIONS:-- Bachelor's degree required -- Work experience in affordable housing (LIHTC), real estate development; or work experience in a related field such as commercial lending, housing agency, accounting, or paralegal. -- Strong analytical skills with ability to communicate effectively in writing. -- Strong computer skills with proficiency in Microsoft Office software, including Excel -- Must be self-motivated and eager to perform-- Ability to work in a team environment -- Some travel by car and plane to project locations possible -- Knowledge of HUD and Low-Income Housing Tax Credit (LIHTC) programs is a plus. PHYSICAL AND MENTAL DEMANDS:The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to sit; use hands to finger, handle, or touch objects, tools, or controls; and talk or hear. The employee is occasionally required to stand, walk, lift, and reach above shoulders. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception, and the ability to adjust focus. The mental and physical requirements described here are representative of those that must be met by an individual to successfully perform the essential functions of this position. WORKING ENVIRONMENT:The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is frequently exposed to noise, the noise level in the work environment is usually moderate but it can be loud at times. The work environment characteristics described here are representative of those individual encounters while performing the essential functions of this position.PI201561871

Keywords: Commonwealth Construction, Madison , Development Associate, Other , Madison, Wisconsin

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