Lihtc Asset Manager Jobs in Boca Raton, FL (NOW HIRING)

Description

About ACRUVA Capital Partners

This is a work from location office position

Founded  in  2020,  ACRUVA  Capital  Partners  (ACP)  is  a  boutique,  real  estate  investment  and development firm based in Deerfield Beach, Florida, with additional operations in San Juan, Puerto Rico. ACP operates through a joint venture structure, partnering with ADC Communities (a Walker &Dunlop subsidiary) to finance, develop, and preserve affordable multifamily housing across the U.S.

and Puerto Rico.

Mission & Vision:

ACP aims to expand access to safe, stable, and healthy housing for extremely low- to moderate-income families, elderly individuals, and those with special needs acruvacp.comacruvacp.com. Their vision  is  to  build  resilient,  sustainable,  equitable  rental  communities  by  using  innovative technologies to reduce costs and accelerate delivery timelines acruvacp.comacruvacp.com.

The Associate Development Manager plays a supportive role in advancing the mission of creating and preserving high-quality  affordable  housing throughout  Florida and  other  select  markets.  This position is responsible for managing multiple affordable housing real estate projects from concept to  closeout.  You  will collaborate  and oversee  all  aspects  of  the  development  lifecycle  including feasibility,  financial  modeling,  predevelopment,  design  coordination,  permitting,  entitlements,construction, lease-up, and conversion to permanent financing.

This  position  requires  a  candidate  with  strong  technical,  financial,  and multifamily development management skills; knowledge with affordable housing finance as LIHTC (Low-Income Housing Tax Credits), CDBG, HOME, Surtax, SHIP, and other state/county/local funding sources; and the ability to coordinate with a wide array of internal and external stakeholders in a fast-paced, impact-driven environment.  This  position  requires  a  candidate  with  strong  technical,  financial,  and multifamily development management skills; knowledge with affordable housing finance as LIHTC (Low-Income Housing Tax Credits), CDBG, HOME, Surtax, SHIP, and other state/county/local funding sources; and the ability to coordinate with a wide array of internal and external stakeholders in a fast-paced, impact-driven environment.  Associate Development Manager:

Minimum 2-3 years of professional experience in affordable tax credit housing real estate development. Required.

Strong working knowledge of:

LIHTC (9% and/or 4%) + Bonds

HUD and Florida Housing Finance Corporation (FHFC) programs

Miami-Dade County PHCD financing programs

Zoning and permitting processes in Miami and surrounding municipalities

Lead and manage the development cycle of multiple affordable housing projects from predevelopment through stabilization.

Prepare and manage project development timelines, budgets, and critical path milestones.

Coordinate and manage third-party consultants including architects, engineers, general contractors, attorneys, surveyors, and environmental consultants.

Oversee zoning, permitting, environmental review, site planning, and land use approvals with relevant municipalities in Miami-Dade County.

Participate in development meetings, track progress, and prepare internal reports for

senior management and funders.

Ability to collaborate on multiple developments (2-4) concurrently.

Financial Feasibility & Modeling:

In collaboration with the Finance Department, maintain pre-development and construction budgets using Excel, Northspyre and Procore.

Assist with structuring layered financing packages, including public and private debt.

Prepare funding applications for sources such as FHFC, Miami-Dade PHCD, City of Miami,SAIL, SHIP, and CDBG-DR.

Work closely with underwriters, investors, lenders, and public agencies to close project financing.

Design & Construction Oversight:

Co-Manage the design process in coordination with architects and consultants to ensure alignment with company design guidelines, project goals, budget, and funding regulations.

Support the general contractor selection process, including bidding and contract negotiations along side Vice President of Construction.

Monitor construction progress, participate in OAC meetings, lead site visits, and work with construction management to ensure on-time and on-budget delivery.

In collaboration with Vice president of Construction, review and approve monthly draws,change orders, and construction pay applications.

Ensure compliance with industry standards and best practices.

Compliance & Closing:

Support closing transactions with lenders and equity providers, including legal and

financial due diligence.

Maintain compliance with regulatory requirements tied to LIHTC, HOME, Surtax, PBVs, RAD conversions, soft/gap funds, and local affordability covenants.

Coordinate with asset management to ensure smooth handoff post-construction and during lease-up.

Community & Stakeholder Engagement:

Build and maintain relationships with public officials, community-based organizations, and local residents.

Attend public meetings, planning boards, and community presentations to represent the organization, and support coordination of ground breaking and grand opening ceremonies.

Support the preparation of presentation materials, funding applications, and public documents.

Requirements

Qualifications & Skills:

Bachelor's degree in Real Estate, Urban Planning, Finance, Architecture, Construction Management, Public Policy, or a related field required.

Master's degree (e.g., MRED, MPA, MSRED, MBA) preferred but not required.

Proficiency in Microsoft Excel financial modeling, Word, Outlook, and PowerPoint;familiarity with Northspyre, Yardi, Smartsheet, or Procore a plus.

Excellent organizational, project management, and interpersonal skills.

Ability to communicate effectively with team members, consultants, and stakeholders.

Work Environment & Conditions:

This is a hybrid role with a combination of office-based work at company headquarters, and field visits to development sites.

Must be able to travel within South Florida and occasionally throughout the state.