Analyst, Development (Affordable Housing/LIHTC)

About Lincoln Avenue Communities Welcome to Lincoln Avenue Communities (LAC)—a leading, mission-driven real estate private equity firm dedicated to strengthening communities through the development and preservation of affordable housing. As a vertically integrated developer, investor, and long-term operator, we deliver sustainable, high-quality homes to lower- and moderate-income individuals, seniors, and families across 33 states. Our growing portfolio—more than 200 properties and 30,000+ homes—reflects our commitment to long-term impact, operational excellence, and resident well-being. LAC is proud to be recognized as an industry leader, recently ranked No. 1 on Affordable Housing Finance’s 2025 AHF 50 list of top developers. Our approach combines strategic investment, thoughtful design, and community partnerships to deliver housing solutions that foster stability, opportunity, and resilience. The Opportunity Our Development team is seeking an Analyst to support LAC’s mission to expand access to high-quality affordable housing nationwide. With a growing pipeline of acquisitions, rehabilitations, and new construction projects, this role offers the opportunity to contribute to meaningful work while building a strong foundation in real estate development. What sets LAC’s Development team apart is the hands-on exposure Analysts receive from day one. You will gain visibility across the full development lifecycle, from evaluating new opportunities and supporting due diligence to assisting with financing, closings, and execution. The role offers the opportunity to see how projects move from concept through stabilization while working closely with internal teams across Development, Asset Management, and Construction, as well as external partners, including lenders, investors, brokers, appraisers, consultants, legal counsel, and municipal stakeholders. This role is ideal for a driven, analytically minded professional who is eager to take on meaningful responsibility early in their career. The ideal candidate brings strong financial acumen, clear communication skills, curiosity, and a genuine passion for real estate development. They will have the opportunity to build deep industry expertise while contributing to projects that create and preserve affordable housing communities nationwide. This role will report to a Senior Associate and will be based at our Santa Monica headquarters. The position follows a hybrid schedule, with four days per week required in the office. We are targeting an August–September 2026 start date for our next Analyst class. *Deadline to Apply: Sunday, June 14th* What You'll Contribute To Build financial models and presentations for new development and acquisition opportunities using a range of capital structures and financing tools unique to affordable housing. Partner with prospective lenders and investors to help negotiate and secure debt and equity financing. Conduct market research to support new opportunities and active projects. Support construction management and design processes with a hands-on, detail-oriented approach. Compile and review due diligence materials, including financial, market, demographic, site, and federal and state regulatory information. Coordinate and prepare applications, financing packages, and documentation related to debt and equity financing, acquisitions and dispositions, and government subsidy programs. Help manage acquisitions and support deal execution through closing. Gather and organize information for state and federal tax credit applications, tax-exempt bond applications, and soft funding submissions. Research and analyze materials such as general plans, ordinances, court decisions, legal documents, and industry publications to help evaluate the highest and best use of multifamily development opportunities. What You Bring A strong connection to LAC’s double-bottom-line mission of delivering solid investment performance while creating stable, high-quality communities for residents. Strong critical thinking skills with the ability to evaluate a wide range of issues and communicate clear recommendations to stakeholders. A self-starter mindset, with the ability to work independently while also collaborating effectively with senior leadership and cross-functional teams. A collaborative approach and a natural ability to build strong working relationships across the organization. Excellent organizational skills and a proven ability to manage multiple workstreams, follow detailed processes, and meet deadlines. Strong analytical and problem-solving skills, with a high level of comfort working with numbers and complex data. A solid foundation in Excel and financial modeling, with the ability to think through investments and understand how decisions impact outcomes throughout the deal lifecycle. Exposure to or knowledge of public and private affordable housing finance programs, including LIHTC, tax-exempt bonds, and the syndication process, with an ability to think creatively about how financing tools can be layered together. A team-first attitude and willingness to take on additional responsibilities as needed. Education and Experience Bachelor’s degree in finance, real estate, or a related field required, with a strong record of academic achievement and leadership. 1–2 years of experience in development, real estate investment, finance, or a related field. Basic understanding of affordable housing and low-income housing tax credits (LIHTC), and a strong interest in growing deeper expertise in the space. Benefits The expected base salary for this role is $105,000. This represents the current target and is subject to change. To determine starting pay, we carefully consider a variety of factors, including primary work location and an evaluation of a candidate’s skills, experience, market demands, and internal parity. Our comprehensive total rewards package offers more than just a salary. Benefits include: Semi-annual Performance-Based Bonuses 100% Covered: Medical, Dental & Vision Insurance (including family/dependents) 401(k) plan With Company Matching & No Vesting Period Life & Disability Insurance Generous Paid Time Off, Paid Holidays & Sick Time Paid Parental Leave Engaging Company Events & Team-Building Experiences Career-Building Learning Programs & Development Opportunities Complimentary Daily Lunch for On-site Employees On-site Gym Access for Santa Monica Employees Equal Employment Opportunity Lincoln Avenue Communities is an equal-opportunity employer. We prohibit discrimination and harassment of any kind and afford equal employment opportunities to employees and applicants without regard to race, color, religion, sex, sexual orientation, gender identity or expression, pregnancy, age, national origin, disability status, genetic information, protected veteran status, or any other characteristic protected by law. At LAC, we conform to the spirit and the letter of all applicable laws and regulations.