Job Description

Associate Development Manager (Affordable Housing)

Affordable Housing and Services Collaborative, Inc. (AHSC)

About AHSC

Affordable Housing and Services Collaborative, Inc. (AHSC) is a mission-driven 501(c)(3) nonprofit developer with over two decades of experience creating and preserving high-quality affordable housing. Since 2001, AHSC has participated in the development of more than 47 multifamily communities totaling over 3,000 affordable units , including new construction, historic adaptive reuse, and occupied rehabilitation. Our work serves families, seniors, individuals with disabilities, veterans, and formerly homeless populations. AHSC specializes in complex, multi-layered transactions , utilizing LIHTC, historic tax credits, and a wide range of public and private financing sources.

The Opportunity

AHSC is seeking an Associate Development Manager to support a growing pipeline of multifamily affordable housing developments. This is an ideal role for a 2–4+ year professional looking to deepen their expertise in affordable housing and gain hands-on experience across the full development lifecycle. You will work closely with senior development staff and gain exposure to real deal execution , including financial modeling, tax credit applications, and project closings.

What You’ll Do

Development Execution & Deal Support

• Support multiple projects from early-stage feasibility through construction and lease-up
• Assist in coordinating due diligence, permitting, financing, and closing activities
• Track development schedules, milestones, and deliverables

Financial Analysis & Modeling

• Build and maintain project pro formas and financial models in Excel
• Analyze sources & uses, development budgets, and operating projections
• Support underwriting for LIHTC and other financing applications

Financing & Closing Support

• Prepare and assemble materials for:
• LIHTC applications (4% and 9%)
• Public funding applications (state and local programs)
• Debt and equity financing packages
• Coordinate due diligence for lenders, investors, and public agencies
• Assist in managing closing checklists and document flow

Construction & Fund Tracking

• Track predevelopment and construction expenses
• Prepare and submit monthly requisitions and draw packages
• Monitor project cash flow and sources/uses during construction

Team Coordination

• Coordinate with architects, engineers, contractors, attorneys, and consultants
• Track third-party deliverables and ensure deadlines are met
• Assist with preparation of internal and external presentations and reports

What We’re Looking For

Experience

• 2–4+ years of experience in real estate, affordable housing, finance, or related field
• Exposure to multifamily development or LIHTC transactions preferred

Technical Skills

• Strong Excel skills and experience with financial modeling
• Working knowledge of:
• LIHTC (4% and/or 9%)
• Public financing programs and layered capital stacks (preferred)
• Ability to manage detailed financial and project information with accuracy

Professional Skills

• Highly organized with strong attention to detail
• Ability to manage multiple priorities in a deadline-driven environment
• Strong communication and interpersonal skills
• Eagerness to learn and grow within affordable housing development

Education

• Bachelor’s degree required (Finance, Real Estate, Urban Planning, or related field preferred)
• Advanced degree a plus

Why Join AHSC

• Hands-On Deal Experience: Work directly on real transactions—not just support tasks
• Career Growth: Clear path to Development Manager with increasing responsibility
• Mission + Complexity: Combine meaningful impact with sophisticated real estate work
• Collaborative Team: Work alongside experienced affordable housing professionals

Compensation & Benefits

AHSC offers a competitive compensation package designed to attract and retain top talent.

• Salary: Competitive and commensurate with experience (market-aligned for Boston area)
• Benefits Include:
• 401(k) with employer match
• Health, dental, and life insurance
• Disability insurance
• Flexible Spending Account (FSA)
• Generous paid time off
• Tuition reimbursement
• Employee Assistance Program

How to Apply

Please submit a resume and cover letter describing your experience and interest in affordable housing development.

Job Tags

Similar Jobs