Development Associate

Company: Macdonald & Company
Location: Garland
Posted on: April 5, 2021

Job Description:

Macdonald & Company are partnered with a National Development firm who are seeking to add a Development Associate to their team, based out of Dallas.

The successful applicant will have 3-5 years of experience in an analyst role and will have experience operating within affordable housing.

Essential Duties

• Undertake and analyze development opportunities, market studies, appraisals, and feasibility studies.
• Compile detailed financing applications for various funding programs such as LIHTC, Tax-exempt Mortgage Revenue Bond, HOME, AHP, and similar programs.
• Perform and coordinate full transaction due diligence and closing functions.
• Interact with equity, title, lender, legal, construction, property management, and third-party vendors to ensure timely and efficient closing of transactions.
• Research and analyze project data and prepare Preliminary Relocation Plans that will comply with the Federal Uniform Relocation Act.
• Compile data and prepare New Property Information Forms and Developer Memorandums
• Coordinate the formation of new limited partnerships and limited liability companies with legal; obtain associated Resolutions, Employer Identification, and DUN's numbers; and structure purchase and sale agreements.
• Review and analyze preliminary title reports, project surveys, and local jurisdiction's entitlement and permitting processes to determine project feasibility.
• Make presentations to city councils, county boards, and project residents.
  Experience NeededMinimum of 2 to 4 years relevant acquisitions/underwriting/financing/closing/active real estate development experience required.Experience with affordable housing finance and commercial real estate finance a plus.Bachelor's degree (Real Estate, Finance, Business Administration, Accounting, Economics or Law) or equivalent experience preferred.

Keywords: Macdonald & Company, Garland , Development Associate, Accounting, Auditing , Garland, Texas