The New York City Housing Authority (NYCHA) Real Estate Development Department is responsible for new construction and preservation real estate development initiatives for the Authority. Under direction of the Deputy Director for Finance and Asset Management, the Senior Project Manager will be responsible for the financial modeling and analysis of housing development projects on property owned by NYCHA, preservation projects to rehabilitate and preserve NYCHA-owned public housing, and other NYCHA Real Estate Development activities. Below are descriptions of three key real estate development programs under NextGeneration NYCHA, the Authority’s 10-year strategic plan.Read more
L+M Development Partners Inc. ("L+M" or the "Company"), an established residential developer/builder, has an excellent opportunity for an Acquisitions Analyst to join the growing Fund Management team at L+M. This position provides support to source, evaluate, execute, and asset manage multifamily acquisitions in the New York Metro area.
Since its inception in 1984, L+M has been an innovator in developing quality affordable, mixed-income and market rate housing, while improving the neighborhoods in which it works. L+M is a double bottom line company, where its success is measured not only in financial returns but also by the positive impact it makes. L+M takes pride in its long-standing dedication to the communities it serves, demonstrated through an annual scholarship fund, job training programs, after-school programs, and substantial support for local non-profits.
A full-service firm, L+M works from conception to completion, handling development, investment, construction and management with creativity that leads the industry. L+M is responsible for more than $7 billion in development, construction and investment, and has created or preserved more than 22,000 high-quality residential units in New York’s tristate area, the West Coast and Gulf Coast regions. Community leaders, government officials and institutional investor organizations turn to L+M because of its consistent track record of excellence.
L+M brings a superior level of commitment to its investments in developments, and equally important, to its investment in people. For more information, please visit: http://lmdevpartners.com.
Foxy Management is a mid-sized property management firm based in the South
Bronx, with a specialized focus on affordable “low income” housing, supportive
housing, and other types of subsidized, income-restricted, and regulated multi-family
housing. The company manages its own portfolio of owned and developed
properties in addition to third party owned properties.
Basic Job Description:
The Leasing role is primarily responsible for assisting the Leasing Manager with the
review and evaluation of applicant files for initial leasing, as well as the ongoing
monitoring of leasing matters (including lease renewals), in all cases ensuring
compliance with City, State and Federal guidelines and compliance. The Property
Manager role is to support existing property management functions including
assistance with tenant communication; rent collection; vacancy preparation; asset
management; legal compliance; etc.
About Habitat for Humanity New York City:
Founded in 1984 as an independent affiliate of Habitat for Humanity International, Habitat NYC constructs new or renovates existing homes in the five boroughs of New York City for affordable homeownership by families in need. Our mission is to transform lives by building quality homes with families in need and by uniting all New Yorkers around the cause of affordable housing.
The Senior Project Manager leads all phases of development for Habitat NYC’s affordable development projects from inception through occupancy, including acquisition, construction and disposition. The Senior Project Manager is also responsible for predicting and addressing issues to ensure that all assigned projects are delivered on time and on budget. This position reports to the Director of Real Estate.
The Community Lending and Investment Group (CLI) is a Division within the Commercial Real Estate Group that provides financial products and services to leading affordable housing developers throughout the United States. CLIG team members focus exclusively on the affordable housing industry. The New York Team focuses on clients located in the northeast. Target customers include experienced for profit and not for profit affordable housing developers whose focus is on delivering quality affordable single and multifamily housing. Underwriting analyzes People, Credit, and Real Estate in that order. Lending activities today emphasize construction/interim financing of both ground-up development and the acquisition & rehabilitation of existing properties. The majority of the financing is structured around federal, state, and local housing subsidies and includes bond financing and the use of the state and federal Low Income Housing Tax Credit programs. This position will primarily be responsible for managing an existing portfolio of clients as well as building new lending relationships in New York, Connecticut, and the greater northeast region.Read more
Fifth Avenue Committee, Inc. (FAC) is a 40 year old South Brooklyn based non-profit comprehensive community development corporation whose mission is to advance economic and social justice. 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. 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.
The Housing Development Unit develops and preserves safe, affordable housing for residents in South Brooklyn. The pipeline currently contains 8 active projects comprising over 1,200 units and includes a diversity of new construction and renovations, senior and family housing, and mixed income and mixed-use projects in Brooklyn and Queens. FAC places a strong emphasis on sustainable development as well as innovative deal structures and financing mechanisms to achieve our mission and meet community need.
Settlement Housing Fund, Inc. (SHF) is seeking an experienced Senior Housing Development Project Manager to join its growing development team. The ideal candidate will be ready to take the lead on various aspects of the housing development process, including acquisitions, predevelopment and loan closings, and asset management. This position reports to SHF’s Director of Housing Development. SHF is a nonprofit organization which creates and sustains high quality affordable housing and programs, building strong and economically diverse neighborhoods throughout New York City. SHF works closely with community partners to provide low- and moderate-income New Yorkers with pathways to longterm affordable housing, education, employment, and wellness. SHF currently owns approximately 1,800 units of affordable housing in 30 buildings, located in the Bronx, Manhattan, and Brooklyn.Read more
Founded in 1969, Project FIND's mission is to provide low- and moderate-income and homeless elders on Manhattan's west side with the support they need to enrich their lives and live independently for as long as possible. Project FIND operates three supportive housing residences that are home to nearly 600 elders and four senior centers with 2,500 members. For all of our residents and center members, Project FIND is a true lifeline, providing housing, meals, and programs that help seniors be independent and enlivened.
The professionals at Greenwich Street Community Capital (“GSCC”), a dedicated subsidiary of Situs Group, underwrite and close construction and permanent loans that are used to finance the new construction and preservation of affordable and workforce rental housing for Citi Community Capital (“CCC”). CCC is the community lending and investing arm of Citigroup, housed in the Municipal Securities Division of Citi’s Institutional Clients Group. Unique among its peers, CCC provides a comprehensive array of financial products from investment banking to lending and equity investment designed to create strong communities and contribute toward Citigroup’s Community Reinvestment Act performance. Employees of GSCC are fully integrated with Citi employees at Citi locations.
CCC works with for-profit and non-profit developers, as well as state and local government agencies on both straightforward and highly structured transactions that may use a combination of taxable and tax-exempt loans or bonds, Low Income Housing Tax Credit equity, and governmental and private subsidies. The projects we finance serve the homeless, seniors, those with disabilities, as well as low income families and individuals. They may also include workforce housing or market rate units and other commercial uses. We are among the largest Fannie Mae and Freddie Mac mortgage bankers in this sector in addition to being a balance sheet lender.
We work throughout the country from 13 offices and, according to Affordable Housing Finance Magazine, have been the #1 affordable housing lender in the United States in each of the past seven years. That success is due in large part to having the strongest, most innovative team of professionals in the country. With Citi’s capital committing capability and team of experienced professionals, we are able to provide creative financing solutions that are specifically designed to meet each client’s needsRead more
National Equity Fund, Inc. (NEF), is a leading non-profit syndicator of low-income housing tax credits, is seeking an Asset Manager for our New York City office. The Asset Manager will be responsible for all property and asset management issues from development of the investment proposal throughout the life of the lower tier partnership to ensure the continuous delivery of tax credit benefits and projected passive losses. Analyze financial feasibility of investment proposals from the standpoint of property and asset management. Coordinate with other Team members to review and analyze all transactional plans related to on-time delivery of units and long-term operating success. Oversee the financial analyses, documentation, database maintenance and other work outputs of the asset analyst. Continually assess project and partnership risk factors as they pertain to compliance with Section 42 (LIHTC) provisions. Along with fellow team members, LISC and other intermediaries, duties also include establishing strong, productive working relationships with project sponsors, lenders, municipal and allocating agencies. Focus is needed on the continuous need to maintain project development files and project data.Read more