Forsyth Street is seeking a motivated self-starter with demonstrated affordable housing finance skills to become an integral member of the firm’s Affordable Housing Transaction division. Primary responsibilities for the position will include feasibility analyses, deal structuring, project underwriting, project management and client support for both not-for-profit and for-profit clients.
- 3- 5 years of professional experience, with at least 3 years of related job experience in a lending and/or underwriting capacity, primarily in the affordable housing sector.
- Excellent quantitative, spreadsheet, and financial analytical skills.
- Strong writing, oral presentation, and digital presentation skills.
- Strong communication skills in a highly interactive team setting, with a broad range of public, private, and non-profit sector clients.
- Strong problem-solving abilities, attention to detail, and project management skills with time-sensitive work assignments.
The primary role of this position is to conduct financial analysis, prepare executive summaries, and coordinate CREA’s business development pipeline for qualifying Low Income Housing Tax Credit (LIHTC) properties under Section 42 of the Internal Revenue Code. The qualified candidate must be able to effectively communicate with third party lenders, borrowers, counsel, and internal personnel.
Job responsibilities include:
- Analyze and update financial projections for multifamily residential properties;
- Review market studies, tax credit applications, and sponsorship information to ensure conformance with internal requirements;
- Prepare Placement Committee packages;
- Coordinate Placement Committee approvals;
- Other duties as requested by the SVP, Acquisitions
Neighborhood Restore Housing Development Fund Corporation (“Neighborhood Restore”) and its affiliate nonprofit entities (Restored Homes HDFC, Restoring Communities HDFC, Preserving City Neighborhoods HDFC, Neighborhood Renewal HDFC, Project Rebuild, Inc.) collaborate with the New York City Department of Housing Preservation and Development (“HPD”) on programs that seek to foster neighborhood stabilization by efficiently transitioning properties from physical and financial abandonment to responsible third party ownership.
Neighborhood Restore also utilizes citywide partnerships to create and preserve affordable homeownership opportunities for households of low‐ and moderate‐ income. The Director of Programs, with the assistance and direction of the Executive Director and Deputy Director, will oversee the activities of numerous housing programs administered by the Organization.
Win is the largest provider of shelter for homeless families in New York City. For over 34 years Win has provided safe housing, critical services and groundbreaking programs to help homeless women and their children rebuild their lives. In the past year, Win served nearly 12,000 homeless people – including more than 6,600 children – and helped nearly 750 families transition out of shelter into homes of their own.
Win has a robust and growing portfolio of transitional, supportive and affordable housing that is expected to expand rapidly over the next few years. The Vice President Real Estate is a critical member of Win’s leadership team who leads Win’s efforts to develop and sustain transitional and permanent supportive housing throughout New York City. The successful applicant will have a demonstrable interest in and understanding of real estate development finance and property management and a passion for the mission-oriented field of affordable and supportive housing.
The applicant must have strong analytical and financial acumen, be a strategic thinker, with a strong degree of initiative, excellent organizational skills, and the ability to effectively juggle multiple priorities while maintaining attention to detail. The candidate must have leadership experience in affordable and transitional housing development and management and be able to work effectively within a collaborative team approach.
Omni New York LLC (ONY) is a rapidly growing affordable housing developer and owner, with an affiliated security company, property management company, and general contracting company. ONY and its affiliates own and manage approximately 12,000 units of affordable rental housing located throughout the east coast. Please see our website at www.onyllc.com for more information about our growing company.
Duties include, but are not limited to the following:
- Prepare required reporting documents in a timely fashion for investors and government agencies;
- Review and analyze historical and projected financial operating data;
- Prepare operating budgets;
- Analyze cash flow and operating expenses; and
- Field financial questions from banks, loan servicers, tax credit syndicators, and regulatory agencies;
HPD’s Division of New Construction Finance (NCF) is part of the Office of Development which oversees implementation of the Housing New York 2.0 plan to produce 300,000 units of affordable housing in New York City. NCF, in collaboration with other government partners, will create over 4,000 units of new housing each year for extremely low to middle income households. This dynamic division finances the new construction of affordable housing through its loan programs for extreme low, low income, middle income, mixed income affordable rental and home-ownership housing. NCF administers seven loan programs: 1) Extreme Low & Low-Income Affordability (ELLA) Program, 2) the Mixed Income Program (Mix-and-Match), 3)Mixed-Middle Income (M2) Program, 4) Neighborhood Construction Program (NCP), 5) the New Infill Home-ownership Opportunities Program (NIHOP), and 6) Open Door Program, Home-ownership New Construction of Affordable Coops, and 7) HomeFirst, Down Payment Assistance to homeowners.
HPD’s Division of New Construction Finance seeks to hire a Project Manager for its Multi-Family New Construction Programs (MFNC), which includes ELLA, Mix-and-Match, and M2 Programs. The Project Manager will manage complicated projects financed with tax exempt bonds, Low Income Housing Tax Credits, City subsidized loans, conventional bank loans, and other tools such as the disposition of City owned land and New Markets Tax Credits. Projects are often mixed-use with commercial and community facility components. Project Managers a The Project Manager, under general supervision of the Director of ELLA and Director of the Mixed Income Programs, will manage a portfolio of projects from pre-development through construction, completion and conversion. The Project Manager works with other divisions within HPD's Development Office to underwrite loans and manage projects through closing, construction, completions and conversions.
The Director of Real Estate Development and Acquisitions will be responsible for the day to day management of an exciting robust and growing Real Estate Development pipeline of 3500 units of new and rehab construction. The Real Estate Development team unleashes the potential of communities to thrive through the development and preservation of healthy, sustainable affordable housing that includes coordinated services, amenities and property management to ensure long term affordability of the RiseBoro Housing Portfolio and the success of the communities we serve.
The Director of Property Management Operations leads the property/housing operations team efforts within the RiseBoro (RB) Housing division. This team unleashes the potential of communities to thrive by ensuring RB properties meet and exceed performance standards in the areas of health, safety, energy efficiency, physical maintenance and profitability. We're seeking an individual with the "will and skill" to lead the teams through a time of exceptional change and focus on optimal operational, financial and overall business impact. To be successful in this position, one must have a strong entrepreneurial spirit, positive attitude, professional maturity and stamina for a fast-paced environment with changing priorities. In short, this position is best suited for a confident, driven, dynamic leader capable of maintaining Riseboro's brand standards.
The Director is responsible for managing a robust and growing property portfolio which is expected to double in the next 5 years. S/he is responsible for the implementation of a team structure which optimizes the portfolio growth and performs as a fully integrated strategy for the overall business division.
Settlement Housing Fund, Inc. (SHF) is a nonprofit organization that 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 long-term affordable housing, education, employment and wellness. SHF has 31 affiliates and a $42MM consolidated budget. Revenue sources include real estate ownership, fee for service, government contracts and fundraising. Affiliate financial management is primarily outsourced to third party agents.
SHF is seeking a Controller. The Controller will be in charge of all SHF accounting functions, will manage the day-to-day operations of the in-house fiscal department, and coordinate communication among contracted third party fiscal agents. He/she will report directly to SHF’s COO and provide strategic insight to the COO regarding financial operations.
Rockabill Consulting – Development LLC is a privately held consulting and development company operating in the affordable housing industry, primarily helping Not For Profits to preserve and develop over 12,000 units of affordable & supportive housing since 2007.
Rockabill is expanding both its consulting and development platforms by seeking to hire a Senior Managing Director for individual project consulting assignments and to support the development work of the Managing Principal. In addition the role offers individuals the opportunity to develop their own business line with the support of an underlying platform. The right candidate must be a self-starter who is capable of underwriting and managing all aspects of the development process for affordable housing projects financed with Low-Income Housing Tax Credits, Tax-Exempt Bonds, and various State and City subsidy programs.