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Specialty Consultants Inc. · 8 hours ago

Director of Development (Affordable Housing)

Nashville, TN

Full-time

Hybrid

Director/Executive

Specialty Consultants Inc. is seeking a Director of Development to join a nationally recognized multifamily developer with a growing presence in Nashville. The role involves implementing real estate development projects from conception to stabilized occupancy, collaborating with various teams, and managing third-party vendors.

Real Estate

Hiring Manager

Dan Schachter

Responsibilities

Evaluate sites with strong fundamentals that can win 4%/9% LIHTC allocations

Collaborate with Acquisitions on strategies to grow the Nashville pipeline and expand deal flow

Build industry relationships and identify new opportunities, partnerships, and co-development structures

Lead due diligence, financial feasibility, underwriting, and development planning to meet company and stakeholder objectives

Prepare pro formas, monitor performance, and ensure eligibility/competitiveness for financing programs

Prepare and submit successful LIHTC applications; support securing construction and permanent financing

Manage third-party vendors and coordinate design, construction, and project team members through completion

Lead closings, oversee construction period budgets/schedules, and coordinate draws, requisitions, and change orders

Maintain organized project documentation and support internal reporting with cross-functional teams

Deliver cost certification documentation, oversee stabilization and qualified occupancy, and obtain 8609s

Partner with Asset Management to transition properties and meet investor and regulatory requirements

Qualification

Affordable multifamily financeFinancial modelingGovernment approvalsPredevelopment planningLIHTC applications

Required

Ideal experience includes affordable multifamily finance and development - but open to those with a conventional multifamily background will to learn the affordable component

Completion of multiple deals front to back, including closings

Bachelor's degree required

Strong analytical and financial modeling skills

Knowledge of affordable housing finance, predevelopment planning, and government approvals

Understanding of the various Federal programs for affordable multifamily properties such as tax credits, bond caps, Section 8 rent support, etc