Head of Affordable Housing Development

The Opportunity
Our client is launching a new platform, a fully independent affordable housing platform focused on developing purpose-built LIHTC communities across the Southeast (and beyond where it makes sense). Their goal is to build a highly successful, synergistic affordable housing provider that leverages the considerable deal flow which their team currently sees on the land development side. This is a long-term business decision and operating company opportunity to be a part of building from the 'ground-up'.

This is not a traditional development job. It is a chance for a proven LIHTC leader to step in as the entrepreneurial head of a clean sheet platform with every structural advantage already in place, and to earn a meaningful financial stake in the assets and value created.

What Makes This Opportunity Different

• Immediate entitled deal flow: They controls a deep pipeline of sites across the Southeast with zoning, approvals, community support, and political momentum earned delivering and transacting over $4B in multifamily.
• Institutional credibility and relationships already established with every major syndicator and agency.
• In place support infrastructure: Construction, pre construction, estimating, accounting, marketing, legal, and capital markets resources in-house already to support the platform.
• Long-term approach: They seek to build a long-term hold, sustainable business that leverages the skill-sets already in-house while building a portfolio of long-term assets. They're interested in vertically integrating over time and has experience self-performing construction and management through various current team members.

The Role
Reporting directly to the founders and operating with P&L control, you will:

• Build and lead the affordable housing business from day one
• Originate, entitle, finance, and deliver 4% & 9% LIHTC developments
• Grow the platform with at least 2-3 starts per year by Year 3
• Recruit and mentor a dedicated team while leveraging shared services already inside their firm
• Earn long term carried interest and GP cash flow participation

Ideal Candidate
You are currently a leader at a top tier affordable housing developer. You have:

• Closed LIHTC developments from dirt to keys on the lead development team
• Expertise in 4% bond and 9% competitive structures, mixed income and missing middle projects
• Deep relationships with syndicators and state agencies in the Southeast
• A desire to stop building someone else's platform and start building your own with real permanent ownership
• You care about people, humanity, giving back and doing the right thing in life and work

Compensation and Ownership

• Highly competitive base salary
• Annual bonus tied to production milestones
• Promote participation in the perpetual GP cash flow waterfall with potential for life changing wealth creation as the platform scales
• Full medical for family, 401k, and standard benefits
• Full autonomy to hire LIHTC specialists including analysts, project finance, accounting, and asset management as the platform scales
• Ability to expand across multiple regions with long term strategic leadership