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Multifamily Development Manager Jobs in Washington, DC

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Multifamily Development Manager information

See Washington, DC salary details

$37.4K

$87.7K

$150.6K

How much do multifamily development manager jobs pay per year?

As of Aug 11, 2026, the average yearly pay for multifamily development manager in Washington, DC is $87,706.00, according to ZipRecruiter salary data. Most workers in this role earn between $66,300.00 and $102,500.00 per year, depending on experience, location, and employer.

What is the difference between Multifamily Development Manager vs Multifamily Project Coordinator?

AspectMultifamily Development ManagerMultifamily Project Coordinator
CredentialsBachelor's degree in real estate, construction, or related field; often requires experience in developmentTypically holds a bachelor's degree; entry-level or supporting role
Work EnvironmentOversees multiple projects, interacts with developers, investors, and contractorsSupports project teams, handles administrative tasks, and coordinates schedules
Industry UsageUsed by developers and real estate firms for leadership roles in development projectsCommonly used in project teams to assist project managers and coordinators

The Multifamily Development Manager focuses on leading and managing the entire development process, while the Multifamily Project Coordinator supports project execution through administrative and coordination tasks. Both roles are essential but differ in responsibility level and scope within the development lifecycle.

What does a multifamily development manager do?

A Multifamily Development Manager oversees the planning, coordination, and execution of residential development projects that involve multiple housing units, such as apartment complexes or condos. They are responsible for managing budgets, timelines, and project teams, as well as ensuring compliance with local regulations and standards. The role involves working with architects, contractors, city officials, and investors to bring multifamily housing projects from concept to completion. Effective communication, problem-solving, and project management skills are essential for success in this position.

What are the key skills and qualifications needed to thrive as a multifamily development manager, and why are they important?

To thrive as a Multifamily Development Manager, you need expertise in real estate development, project management, financial analysis, and a relevant degree such as in business, real estate, or construction management. Familiarity with project management software (like MS Project), pro forma modeling tools, and knowledge of zoning/regulatory compliance are typically required. Exceptional negotiation, leadership, and communication skills help manage diverse stakeholders and team members effectively. These competencies ensure projects are delivered on time, within budget, and meet both regulatory and quality standards.

What are some typical challenges a multifamily development manager faces during the project lifecycle?

Multifamily Development Managers often navigate complex zoning regulations, coordinate with multiple stakeholders such as architects, contractors, and local authorities, and manage tight project timelines. Balancing budget constraints while ensuring high-quality construction and addressing unexpected site or permitting issues are common challenges. Additionally, adapting to changing market conditions or client requirements requires flexibility and strong problem-solving skills throughout the development process.
What are popular job titles related to Multifamily Development Manager jobs in Washington, DC? For Multifamily Development Manager jobs in Washington, DC, the most frequently searched job titles are:
What job categories do people searching Multifamily Development Manager jobs in Washington, DC look for? The top searched job categories for Multifamily Development Manager jobs in Washington, DC are:
Multifamily Development Manager jobs near you
Infographic showing various Multifamily Development Manager job openings in Washington, DC as of August 2026, with employment types broken down into 1% As Needed, 81% Full Time, 15% Part Time, and 3% Contract. Highlights an 92% Physical, 2% Hybrid, and 6% Remote job distribution, with an average salary of $87,706 per year, or $42.2 per hour.

Multifamily Loan Underwriter

District of Columbia Housing Finance Agency

Washington, DC

Full-time

Posted 26 days ago

Job description

Description

The Multifamily Lending and Neighborhood Investments division finances multifamily housing through the issuance of tax-exempt bonds, taxable bonds, and 4% low-income housing tax credits. The division also manages predevelopment loans through its McKinney Act Program. The Multifamily Loan Underwriter contributes to the success of the financing program through robust analytical assessment of the sponsor, project and market feasibility of each transaction. This position requires an experienced, analytical, disciplined and creative candidate that can move at the speed of the transaction. 

Requirements

ESSENTIAL DUTIES & RESPONSIBILITIES:

  • Manage relationship with developers, lenders, banks, equity providers, public funding agencies and other stakeholders involved in the creation and preservation of affordable housing in the District of Columbia
  • Responsible for the intake of detailed loan applications and supporting documentation required for the underwriting and assessment of affordable housing development and rehabilitation projects financing.
  • Work with development teams to determine optimal deal structure for transactions.
  • Conduct underwriting necessary to render decisions for taxable or tax-exempt bond and Low-Income housing Tax Credit financing on projects submitted to the agency for funding
  • Procure third party due diligence reports and negotiate contracts for appraisals, environmental site assessments (ESA), architectural cost reviews, physical needs assessments, and market studies 
  • Review and approve third party due diligence reports. Ensure that recommendations are implemented in the project development plan
  • Effectively present analysis and approval recommendations to senior management team and the agency's Board of Directors
  • Negotiate final terms and conditions of project financing
  • Coordinate the closing process by working with the developer, bond investor, LIHTC syndicator, legal counsel, and other funding sources such as public agencies and subsidy providers
  • Provide input to the draw process in partnership with the Agency's construction monitoring team during construction in order to ensure that projects are being constructed as per the underwriting
  • Coordinate with the Agency's Department of Portfolio and Asset Management to gather market data and reconcile all regulatory requirements during the underwriting process, provide feedback while transactions remain in the portfolio and to resolve issues on troubled assets.
  • Review and approve third party due diligence reports. Ensure that recommendations are implemented in the project development plan.
  • Assist in the design and development of new multifamily loan programs, special non-lending programs (i.e. supportive services, counseling, technical assistance, etc.) using federal, District of Columbia, DC Housing Finance Agency, or other fund resources. 
  • Remain current on external factors that may affect established lending policies, such as new or revised legislation and regulations
  • Provide complete customer service through relationship management
  • Perform other duties as required 

KNOWLEDGE AND QUALIFICATIONS:

  • Bachelor's Degree in Real Estate, Finance, Business, or another related field from an accredited university or equivalent experience is required
  • Masters in Real Estate Development (MRED) or a Master's in Business Administration (MBA) a plus 
  • 3-5 years of experience in Real Estate, Planning, Development, and Finance
  • 3+ (three) years of experience in multifamily construction and permanent loan underwriting
  • Thorough knowledge of underwriting policies and procedures
  • Knowledge of housing and affordable housing related market forces including; general real estate principles, supply and demand economics and other multifamily demand drivers.
  • Understanding of federal, state, municipal code, regulations; contract law; business entity structure and real estate law; and construction principles particularly as they relate to tax exempt bond and Low-Income Housing Tax Credit financing.
  • Must possess strong research, project management, organizational, analytical, and math/quantitative skills
  • Must be able to successfully and autonomously manage projects of a varied and complex nature
  • Excellent communication skills, both verbal and written, and ability to make presentations

OTHER CHARACTERISTICS:

  • Ability to work proactively and operate accurately and efficiently in a fast-paced environment with variable deadlines
  • Maintain high ethical standards of integrity and quality

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