Development Associate (Affordable Housing/LIHTC)

Development Associate

Welcome to Lincoln Avenue Communities (LAC), a leading, mission-driven real estate private equity firm dedicated to strengthening communities through the development and preservation of affordable housing.

As a vertically integrated developer, investor, and long-term operator, we deliver sustainable, high-quality homes to lower- and moderate-income individuals, seniors, and families across 32 states. Our growing portfoliomore than 200+ properties and 35,000+ homesreflects our commitment to long-term impact, operational excellence, and resident well-being.

LAC is proud to be recognized as an industry leader, recently ranked No. 1 on Affordable Housing Finance's 2025 AHF 50 list of top developers. Our approach combines strategic investment, thoughtful design, and community partnerships to deliver housing solutions that foster stability, opportunity, and resilience.

Lincoln Avenue Communities is seeking a Development Associate to join a talented team of real estate professionals focused on expanding access to quality affordable housing across the country. This is a compelling opportunity for an early-career affordable housing professional who is energized by complex transactions, motivated by mission-driven work, and eager to build deep technical expertise within a stable, growing platform with a strong national pipeline.

This role is highly collaborative and offers direct exposure to the people, decisions, and partnerships that move transactions forward. You will work closely with Originations and partner regularly with Asset Management, Construction, Legal, Finance, senior leadership, and third-party consultants to support successful outcomes across the portfolio.

This role is based in our Santa Monica Headquarters. This is a hybrid role, with an expectation of being in the office at least 4 days a week.

What You'll Contribute To:

• Work with deal teams to execute on a variety of complex transaction types spanning LIHTC new construction, re-syndications and acquisitions, with a focus on 4% LIHTC structure.
• Work closely within deal teams to assess market dynamics, determine financial feasibility, and structure complicated transactions.
• Work with internal teams, capital partners, and consultants to drive transactions forward throughout the full deal lifecycle.
• Assist in capital structuring to include obtain debt and equity financing, including LIHTC, Tax-exempt bonds, FHA and Agency debt, and other forms of subordinate or gap financing as needed.
• Maintain up-to-date pro-formas that accurately reflect the project budget and financing plan.
• Establish close relationships with key agency staff members, government officials, community members, and state HFAs.
• Assist with the training and mentoring of analysts who support the Associate role.
• Help create and execute successful business plans from start to finish, ensuring high quality investments and best practices.