4+ years of experience in affordable housing development or finance
Bachelor's degree required; Master's preferred
Knowledge of HUD Project-Based Section 8 and Federal Low Income Housing Tax Credit programs preferred
Detail-oriented, organized, and able to multi-task
Strong individual and team work capabilities
Excellent writing and communication skills
Proficient in Microsoft Excel, Word, and PowerPoint
Willingness to travel as needed.
Responsibilities
Assist in acquiring, underwriting, and financing development projects
Review financial information and prepare financial models
Analyze market data and demographic trends for property acquisitions
Prepare funding applications for various financing sources
Participate in public hearings and meetings with stakeholders
Interface with lenders, equity investors, and public agencies
Coordinate with third-party consultants to ensure timely project delivery
Gather and prepare due diligence materials for external parties
Assist with responses to government-issued RFPs
Prepare monthly funding requisitions during construction
Support special projects as needed.
Benefits
100% of medical insurance paid for employees
Voluntary dental and vision plans
Eligibility for bonuses
401(K) with company matching
Paid Time Off and 12 paid holidays
Commuter benefits available
Variety of voluntary insurance options
Employee referral program
Employee Assistance Program (EAP)
Full Job Description
Full-Time/Part-Time Full-Time
Description
Senior Project Manager - Affordable Housing Development
Summary/Objective: This position assists the Head of Development and Senior Development staff with the acquisition, underwriting, and managing the development of affordable housing projects -- both the new construction and the rehabilitation of existing multifamily housing.
Classification: Non-exempt (eligible for overtime) Hybrid Schedule- 3 days in office/ 2 days work from home Location: New York, NY 10022
Primary Responsibilities:
Assist senior development staff in the acquisition, underwriting, financing and overall development of new construction and rehabilitation projects;
Review financial information and assist in preparing financial models;
Analyze market data and demographic trends to support the acquisition of existing affordable housing properties as well as properties intended for new construction;
Prepare funding applications for lenders, Low Income Housing Tax Credits, and other types of financing;
Participate in public hearings and meetings with government agencies and community stakeholders;
Interface with lenders, equity investors, local officials, and public agencies in preparation for construction loan closings and permanent loan conversions;
Interact with third party consultants (architects, engineers, environmental consultants, lawyers, etc.) to ensure delivery of services in a timely manner;
Assist in the gathering and preparation of due diligence required for external parties;
Assist with preparation of proposals in response to government-issued Requests-For-Proposals (RFP);
Prepare monthy requistions for funding from public & private lenders during the construction period; and
Assist with special projects as they arise.
Requirements:
4+ years of work experience, with at least 2 years in affordable housing development or finance or related field
