Xenolith Partners LLC was formed in 2016 by founding principals Andrea Kretchmer and Terri Belkas-Mitchell. Xenolith is focused on the development of affordable, mixed-income, and mixed-use projects in that revitalize communities and provide quality housing opportunities for all. Xenolith prides itself on its strong relationships, breadth and depth of expertise, and ability to execute.
The principals of Xenolith Partners LLC have more than 18 years of experience in affordable housing development and finance, have developed almost 700 residential units, have 233 currently under construction and have more than 400 in predevelopment. Xenolith’s principals have successfully developed a broad range of projects including new construction, community facilities, affordable preservation, historic adaptive reuse, and brownfield remediation.
The Associate Project Manager facilitates small and medium scale construction projects throughout CHDC’s entire portfolio of buildings. This work includes managing jobs by outside contractors at multiple locations, coordinating in-house maintenance staff work and providing administrative support to the Director of Maintenance.
The Project Manager is responsible for the day-to-day project management of affordable housing and community development projects, from inception through construction completion & occupancy. Duties include coordinating all development activities with the appropriate architects, consultants, contractors, joint venture partners, government agencies and lenders. Current CHDC projects range from 10 to 100 housing units and community facilities include both substantial rehabilitation and new construction.
The Senior Project Manager is responsible for the financial organization, direction & management of all of CHDC’s affordable housing and community development projects. Duties include preparing development cost and operating cost projections and proformas and identifying sources of capital funding, including lenders, tax credit opportunities, investors and other sources. Once a project underwriting strategy is identified for each project, the Senior Project Manager takes the lead in coordinating between CHDC’s internal development team and outside lenders, joint venture partners, and government agencies. The Senior Project Manager will also provide financial direction to others on the Development team to ensure projects proceed successfully. Current CHDC projects range from 10 to 100+ units and include both substantial rehabilitation and new construction.
THE ROLE | We are seeking Director/Project Manager candidates to manage projects in our real estate advisory practice. Successful candidates will have relevant project management-level experience in real estate, economic development, and related consulting fields; must demonstrate strong analytic and critical thinking skills to serve our clients, both in terms of private investment objectives and public policy goals; and should possess a passion for intelligent urban development and a deep curiosity about the challenges and opportunities facing cities.
The Division of Property Disposition and Finance leads the agency’s effort to designates qualified sponsors to acquire and/or rehabilitate property owned by the City of New York (“City”) or recently tax-foreclosed, to produce and preserve affordable rental and homeownership opportunities, and to finance the repair of certain properties. The Division of Property Disposition and Finance is composed of a number of programs: Affordable Neighborhood Cooperative Program (ANCP), Multi-family Preservation Loan Program (MPLP), Third Party Transfer (TPT), Community Restoration Fund (CRF), Basement Apartment Conversion Pilot Program, Small Homes Rehab NYCHA, Project HELP, and HomeFix- which facilitate the rehabilitation and preservation of public and privately-owned multifamily and 1-4 family buildings throughout New York City.
As the Assistant Commissioner for the Division of Community Partnerships & Finance, you will oversee a division that administers and develops innovative programs related to community stabilization, revitalization, and economic opportunity. The division includes multiple programs that engage directly with residents and works jointly with non-profit organizations to repair and stabilize homes and communities. Programs within the division also support and cultivate affordable homeownership, including single-family and HDFC cooperative ownership, facilitating financial security and asset building.
Red Stone is a recognized leader and one of the largest providers of tax-exempt debt to the affordable housing industry. Our portfolio consists of 160+ affordable/low income multifamily housing properties. We are a small company of 20 professionals with extensive experience – senior partners have been in the affordable housing industry for over 25 years. Our portfolio is growing rapidly, and the position has the potential for career growth and earnings potential.
National Equity Fund, Inc. (NEF), a leading non-profit syndicator of low-income housing tax credits, is seeking an Originations Analyst for its New York office. The primary function of this position is to provide analytical support to the originators on a regional
team in the underwriting of low-income housing tax credit investments. The analyst will assist in evaluating the feasibility of investments including, evaluating the market, sponsor capacity, reviewing loan documents, and preparing projections; prepare engagement or commitment letters, assist with investment committee write-ups, investment proposal, closings, and evaluation of potential adjusters post-closing. In addition, candidate must be able to analyze project’s financing, development budget, construction schedule, operating expenses, debt service, market comparability and developer capacity; utilize and become proficient in NEF’s pricing and underwriting model.
Reporting to the SVP for Real Estate and Planning, the Director will lead multiple real estate development projects from the planning stage through financial close. The Director will also assist the department in producing and overseeing Requests for Proposals for property dispositions and financial models and analyses. The ideal candidate has a strong understanding of real estate finance, urban planning and design principles, and project management, and has experience managing real estate transactions against tight deadlines, ideally involving public-private partnerships and interdisciplinary teams.