Job Description
Development Director (Ground-Up Multifamily & Affordable Housing)
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New York, NY
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A growing real estate development platform is seeking a Development Director to help lead the acquisition, capitalization, development, and execution of a portfolio of mixed-income and affordable housing projects throughout New York State.
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This is an opportunity to join a lean, entrepreneurial team where you'll work directly with senior leadership and play a meaningful role in shaping projects from initial sourcing through stabilization and delivery.
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Key Responsibilities
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- Identify, evaluate, and execute new multifamily and affordable housing development opportunities.
- Lead projects through the full development lifecycle, including acquisition, underwriting, capitalization, entitlements, design, financing, construction oversight, and disposition or stabilization.
- Build and maintain complex financial models and development pro formas.
- Coordinate with public agencies, lenders, equity partners, consultants, contractors, and community stakeholders.
- Support project financing efforts, including conventional, affordable, and public-private funding structures.
- Oversee project execution to ensure delivery on schedule and within budget.
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Ideal Candidate
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- 6-11 years of real estate development experience in Affordable Housing, Multifamily, or mixed-income housing.
- Demonstrated cradle-to-grave development experience across ground-up residential projects.
- Strong financial modeling, underwriting, and capitalization capabilities. Candidates must be comfortable completing an underwriting case study to assess their technical ability to create and update models.
- Experience managing multiple projects simultaneously.
- Affordable housing, LIHTC, tax-exempt bond, or public financing experience is highly desirable.
- Candidates with a strong market-rate multifamily development background will also be considered.
- An entrepreneurial mindset with a desire to take ownership of projects and drive decisions.
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Compensation
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$180,000 - $225,000 base + bonus + benefits. The opportunity to take part in LTIP/upside will also be an opportunity in time.