Developer

Salary: $192,000 - 232,000 per year Requirements:

• Demonstrated commitment to affordable housing and serving others, with sound judgment, integrity, initiative, curiosity, strong organizational and communication skills, motivation, and a constructive approach to challenges
• Bachelors or graduate degree in urban planning, public policy, real estate, finance, architecture, construction, or a related field preferred
• Experience in affordable housing, community development, local government, lending, or real estate development preferred
• Familiarity with LIHTC, HOME, or other federal and state housing finance programs preferred
• Proficiency in Microsoft Excel and financial modeling preferred
• Prior LIHTC experience is preferred but not required

• Identify development sites and partnership opportunities through municipalities, nonprofit organizations, and our network
• Evaluate sites against the IHCDA Qualified Allocation Plan and assess project feasibility
• Prepare and update project pro formas using our financial model in coordination with the principal
• Secure site control, zoning approvals, local support, municipal incentives, and gap financing
• Lead preparation and submission of LIHTC applications, coordinating market studies, environmental assessments, surveys, architectural services, and other third-party reports
• Prepare application narratives, exhibits, and supporting documents, and ensure deadlines are met
• Present proposed developments to municipalities, neighborhood stakeholders, and partners
• Coordinate project closings with legal, accounting, and financing partners
• Lead owner, architect, and contractor meetings; review pay applications and change orders with project consultants; and monitor budgets and contingencies
• Manage lease-up, the 10% test, cost certification, IRS Form 8609 applications, and investor equity installments with the compliance team
• Keep the principal informed with timely, accurate project updates and flag issues early with recommended solutions

• Architect
• Excel
• Support
• Network
• LESS

More:

Gratus Development, LLC is an Indianapolis-based affordable housing development and consulting firm founded in 2019. We develop neighborhood-centered housing in Indiana and Iowa, including senior, family, and supportive housing, and have completed more than 600 affordable homes across 16 projects, often alongside local nonprofit organizations. Our mission is to create thoughtful, impactful developments that uplift tenants, communities, and partners, pursuing projects that are financially sound and meaningfully serve their communities. This Indiana-focused Developer position may be classified as a Development Analyst or Development Director depending on experience. You will join our small, experienced team, work closely with our founder and principal and Development Director, receive training and direct mentorship, and have the opportunity to take increasing ownership of our Indiana portfolio. We offer a competitive base salary, performance compensation tied to a share of the developer fee, a 401(k), potential health insurance reimbursement, a flexible schedule, and advancement opportunities. The Indianapolis area is preferred, with a hybrid arrangement and regular travel throughout Indiana to project sites, municipalities, and partner meetings. We are an equal opportunity employer.

last updated 42 week of 2026