Development Associate

About the Role

Elmington Capital Group is seeking a Development Associate to play a key role in the development and acquisition of multifamily and affordable housing communities across the United States.

Elmington has developed more than 15,000 multifamily units and continues to be a leader in affordable housing development, with a focus on creating high-quality communities and executing complex real estate transactions.

The Development Associate will work directly with senior leadership on all aspects of development, from site selection through groundbreaking. This role offers meaningful responsibility for leading key development processes, coordinating external partners, and advancing transactions toward closing.

Responsibilities

• Market Research and Deal Sourcing
• Identify and evaluate development and acquisition opportunities through market research, site selection, and broker / landowner outreach.
• Analyze markets, site feasibility, zoning, and affordable housing funding opportunities.
• Develop recommendations on potential acquisitions and development strategies.
• Underwriting and Finance
• Lead financial underwriting and maintain detailed models for LIHTC, mixed-finance, and market-rate developments.
• Evaluate financing structures, validate assumptions, and identify risks or opportunities to improve project feasibility.
• Review financial models, third-party reports, and transaction materials for accuracy, consistency, and completeness.

Development Execution

• Lead the preparation and coordination of LIHTC, bond, and other public funding applications.
• Lead due diligence processes, including managing checklists, third-party reports, and critical deadlines.
• Coordinate architects, engineers, consultants, and public agencies through design, entitlements, and permitting.
• Manage external communication with lenders, investors, attorneys, consultants, and development partners on assigned matters.
• Manage financing and closing deliverables, track outstanding issues, and proactively resolve challenges to keep transactions on schedule.

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• Bachelor's degree in Finance, Real Estate, Economics, Business, or related field.
• 2–5 years of experience in real estate development, acquisitions, or finance.
• Knowledge of LIHTC, tax-exempt bonds, HUD, or other affordable housing financing programs preferred.
• Strong Excel, financial modeling, and analytical skills.
• Exceptional attention to detail and ability to manage complex processes with accuracy.
• Strong written and verbal communication skills, including experience working with external partners.
• Problem-solving skills and ability to manage competing priorities.
• Ability to take ownership of assignments and deliver high-quality work with limited oversight.