The Project Manager/Senior Project Manager is responsible for originating, underwriting, and closing mortgage loans to primarily finance the rehabilitation of New York City Housing Authority (NYCHA) units, using funds raised through bond issuances and/or allocations of corporate reserves. The Project Manager/Senior Project Manager may also close other affordable housing mortgages outside of the NYCHA preservation pipeline, subject to availability.
Enterprise is searching for a Director, Acquisitions to join its Conventional Equity team. The Conventional Equity team manages conventional real estate equity funds, through which Enterprise joint ventures with real estate operators to acquire, improve and create value in affordable, workforce and market rate multifamily real estate, nationally. The Director of Acquisitions will be part of a business team that is composed of a Vice President, Senior Director, Investment Manager, and Analysts. The Director of Acquisitions will lead business development efforts to forge and maintain relationships with joint venture real estate developers, acquirers, and operators, and work to identify potential multifamily acquisitions that meet the economic and social objectives, as well as underwriting guidelines and credit standards of Enterprise’s conventional equity real estate funds. Candidate must have a multifamily real estate acquisition and finance background, knowledge of joint-venture and real estate equity structures, and possess strong financial, analytical, management and interpersonal skills. We are a seeking a driven and experienced real estate professional with exceptional leadership skills who will prosper in a fast-paced, entrepreneurial atmosphere and is able to balance the financial and social mission goals of the business.
We are hiring for 1 position which can be located in either of the following markets: Portland, OR; Denver, CO; San Francisco, CA; Seattle, WA, New York, NY or Chicago IL. Click here for full posting.
The Vice President, Capital Originations will be responsible for raising new capital for our housing credit programs. The position will coordinate with originators, local market leaders and Investor Relations/Fund Development team members to develop and secure opportunities for new capital. The position will also refer capital raising opportunities to other Enterprise departments. The person may manage new multi-investor fund and proprietary fund investor relationships for the first year, before transitioning the relationship management to an Investor Relations/Fund Development relationship manager. This will include strategic planning of the investor’s annual investments, providing due diligence and general relationship management. The position will also coordinate with in-house and outside legal counsel and Investor Relations/Fund Development team members as well as various other Enterprise departments such as Asset Management and Syndication and local office directors.
We have 1 opening which is preferred to be located in New York, NY; Boston, MA, or Los Angeles, CA or any location for the right candidate. Click here for full posting.
Hudson Housing Capital is accepting applications for an Acquisitions Analyst position based in NYC. Potential applicants should have 2 plus years of experience in affordable housing finance using the Low Income Housing Tax Credit. Hudson Housing Capital is a New York City based tax credit syndicator committed to promoting and fostering the development of attractive affordable housing with high social impact.
- Assist and work with the Acquisitions Team on underwriting and closing equity investments in affordable housing transactions in NYC and nationwide.
- Collection and analysis of due diligence materials including sponsor financial statements and background reports, appraisals, project proformas, loan documents and other project documents.
- Preparation of the investment approval memo, including extensive credit narratives regarding the project, development team and financing structure. Candidates must have excellent writing skills and the ability to communicate complex ideas clearly.
- Modeling of transactions using an Excel-based pricing model. Candidates must exhibit proficiency with Excel and a strong interest in financial modeling, including tax accounting concepts.
- Interested applicants should email their cover letter and resume to [email protected]
The Department of Homeless Services (DHS) is one of the largest organizations of its kind committed to preventing and addressing homelessness in New York City. As it engages in this mission, DHS employs a variety of innovative strategies to help families and individuals successfully exit shelter and return to self-sufficiency as quickly as possible. The Division of Capacity Planning and Development is responsible for procuring new shelter development for single adults, adult families, and families with children. CPD collaborates closely with providers, landlords and developers in myriad phases of emergency,mid-term and long-term siting, as well as the procurement and contracting for new shelter locations.
CPD is currently looking to fill (1) position to function as a Real Estate Manager. Under guidance from the Assistant Commissioner for Purpose Built Shelter.
The New York City office of the Local Initiatives Support Corporation (LISC NYC) seeks a professional to fill the position of community Development Officer for Housing to conduct lending in New York City’s five boroughs. This position reports to the LISC NYC Director of Lending. The local New York City program, LISC NYC, works with nonprofit, community-based organizations to develop affordable housing, commercial enterprises and community facilities. Since its founding in 1979, LISC NYC has invested over $2.7 billion, leveraging an additional $6 billion in low-income communities. This has resulted in nearly 40,000 affordable homes built and preserved as well as 1.8 million square feet of retail and community space created. We also invest in health, economic development, financial well-being and environmental sustainability so that the communities our partners serve are good places to live, work, do business and raise children.
Poised for transformational change and to continue building the right real estate portfolio, assets and team for an evolving, growing and diverse organization, AAFE seeks a seasoned, hands-on Director of Real Estate Development with significant experience underwriting affordable housing and in securing federal, state and local financing (preference will be given to applicants who have experience in the New York State and local real estate and financing programs). The successful candidate will lead public/private partnerships and complex affordable housing projects from the initiation phase through to completion. He/she will design, implement and manage an extensive real estate portfolio and assets (including management of underwriting and funding relationships, processes and sources) and leading a high-performing team of real estate and banking professionals responsible for multiple programs and services. These include: affordable housing and commercial development projects, property management and tenant services and housing policy and advocacy. He/she will work with AAFE’s two Co-Executive Directors and Board of Directors, senior leadership team and real estate team to drive the organization’s mission, vision, values and culture to implement ambitious strategic goals and new business models to maximize AAFE’s impact in the communities it serves. As AAFE’s new, experienced, Director of Real Estate, he/she will work with the Co-Executive Directors, senior leadership team and real estate development staff , to foster a strong, unified organization characterized by mission-driven investments in people and place; one that requires collegiality and cross-functional teamwork.
The New York City Department of Housing Preservation & Development (HPD) is the nation’s largest municipal housing preservation and development agency. Its mission is to promote quality housing and diverse, thriving neighborhoods for New Yorkers through loan and development programs for new affordable housing, preservation of the affordability of the existing housing stock, enforcement of housing quality standards, and educational programs for tenants and building owners. HPD is tasked with fulfilling the Mayor’s Housing New York: A Five-Borough Ten-Year Plan to create and preserve a newly accelerated goal of 300,000 affordable units for New Yorkers at the very lowest incomes to those in the middle class by 2026.
The Division of Preservation Finance seeks a Deputy Director for the Lead Hazard Reduction and Healthy Homes Program (also known as Primary Prevention Program or PPP). The Division of Preservation Finance administers multiple programs including the Multifamily Housing Rehabilitation Loan Program (HRP), Green Housing Preservation Program (GHPP), Participation Loan Pogram (PLP), Lower Manhattan Acquisition Program, Housing Preservation Opportunities Program, HUD Multifamily Program, LIHTC Portfolio Preservation (Year 15) Program,and , the Neighborhood Pillars Program. These programs facilitate preservation of affordability and financial and physical sustainability of privately-owned multifamily buildings throughout New York City.
Fifth Avenue Committee (FAC), is a 40-year old nationally recognized South Brooklyn based, non-profit community development corporation and NeighborWorks America chartered member whose mission is to advance economic and social justice by building vibrant, diverse communities where residents have genuine opportunities to achieve their goals as well as the power to shape the community’s future. FAC works to transform the lives of over 5,500 low and moderate-income New Yorkers annually so that we can all live and work with dignity and respect while making our community more equitable, sustainable, inclusive and just.
To achieve our mission FAC develops and manages affordable housing and community facilities, creates economic opportunities and ensures access to economic stability, organizes residents and workers, offers student centered adult education, and combats displacement caused by gentrification. In addition to our grassroots neighborhood work, we are actively involved in broader coalitions and campaigns.
Key real estate development position with New York City’s oldest and largest affordable housing not-for-profit with a large pipeline of new projects and plans for continued growth. Starts immediately, full-time with attractive benefits and competitive salary based on experience. Housing developments are located throughout New York City; job is located at the organization’s headquarters in the Flatiron neighborhood of Manhattan.
The Planning Director will be a core real estate development team member and will be principally responsible for overseeing project land planning, entitlement, ULURP, environmental review,neighborhood planning activities and site due diligence for all Phipps developments. The position will also work closely with the real estate development team and CEO to identify and analyze new site acquisitions and assemblages for a large and growing pipeline of new developments. The Planning Director will also have exposure to all aspects of developing and financing mixed-use affordable housing projects, including private debt and equity, public sources of capital, Inclusionary Housing, and Brownfield Cleanup Programs.