Development Associate

Development Associate

This company's people are their greatest differentiator and competitive advantage. They are all united in delivering the best communities possible for their residents, and proud to be a close-knit team that values integrity, teamwork, and growth, offering a flexible, fun, and collaborative work environment.

Job Description

Primary Responsibilities (Include but Not Limited to)

• Assist in the data collection required to locate and evaluate properties for acquisition, rehabilitation, or development of both affordable and market-rate opportunities.
• Provide administrative support in the negotiation of land purchases including drafting Letters of Intent and Earnest Money Contracts.
• Assist with the drafting of preliminary budgets and timelines for the various stages of acquisition and development.
• Assist in coordinating with project consultants during the due diligence process including architects, engineers, appraisers, market analysts, surveyors, title companies, etc. as necessary.
• Assist with the preliminary review of due diligence materials related to each project being developed.
• Provide administrative support related to the preparation of housing tax credit applications, become familiar with the state's Qualified Allocation Plan and the corresponding timelines and deadlines associated with the tax credit application process.
• Provide administrative support in the oversight of the construction process; including assisting with the preparation of monthly draw expenditure requests and the coordination between the contractor, prime subcontractor and accounting team to ensure the orderly and efficient monthly project funding.
• Provide administrative support on public presentations and prepare corresponding marketing materials in markets being considered for development.
• Provide administrative support in responding to lenders and syndicators on project related due diligence requirements throughout the development process.
• Assist in financial underwriting for potential transactions. Perform market analysis for potential transactions.
• Provide administrative support in ensuring that all state required reporting deadlines are met by updating team calendars with pending deadlines.
• Provide administrative assistance to the asset management team by inputting monthly and annual operating figures.
• Provide administrative support with the preliminary drafts of 10% tests, Carryover Allocation packages, cost certifications, 8609's and certified audits.

MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.

The Successful Applicant

Qualifications

What's on Offer