Affordable Housing Director of Acquisitions and Development

  • Michael Page
  • Manhattan, NY, United States
  • Jun 21, 2022

Job Description

MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants. *Description* *Affordable Housing - Director of Acquisitions and Development (Remote) will:* * Support the Partner level in all aspects of affordable housing acquisition, rehabilitation, and development (Section 8, LIHTC, etc.) in core markets across the US * Expected to make substantial contributions to analysis that will inform the firm's investment decisions * Compilation of due diligence information including financial, market, site, and regulatory data * Analyzing and comparing complex partnership agreements and cash flow waterfalls * Manage project pro formas including budgets, schedule, timing, and underwriting assumptions * Completion of applications and documentation necessary for debt and equity financing, property purchase and sale, and government subsidy renewal * Involvement in contract negotiation and review of legal documentation for each project * Validation and defense of budgets, assumptions, and pro-forma analysis * Build, coordinate and lead internal team members and external consultants through conceptual design and entitlements leading to construction documents * Perform, coordinate and / or lead pre-development work such as preliminary architectural and engineering issues, zoning issues, local government and community support *Affordable Housing - Director of Acquisitions and Development (Remote) will:* * Bachelor's Degree in related field, advanced degree preferred. * 7-10 years of experience in real estate development and/or construction, preferably multifamily. * LIHTC and Section 8 development experience highly preferred. * Strong quantitative, financial analysis and modeling (excel) skills. * Exceptional research and writing abilities. * Exceptional written and verbal communications skills. * Strong project management skills and follow-through. * Ability to multi-task and prioritize appropriately in a constantly changing environment and act with a sense of urgency and accountability. * Highly driven and values entrepreneurial-ism; works well within ambiguity. * Exceptional attention to detail. * Sound judgment. * Some travel required My client is a New York based vertically integrated real estate investor, developer, owner, and operator specializing the residential sector. The company's comprehensive platform provides hands-on expertise across all multifamily disciplines, including acquisitions, development, design and construction, energy and sustainability, property management and social services. They are looking to bring on a Affordable Housing - Director of Acquisitions and Development (Remote) * **to their growing team.* *Benefits for the Affordable Housing - Director of Acquisitions and Development (Remote) include: * * Competitive salary, along with full benefits: 401(k) company matching, medical, dental, vision * Remote work opportunities * Wellness programs to promote employee health and self-care