Developer

Fairsteadescllc; Washington (District of Columbia); On-site; USD 160,000 - 180,000; Full time

Job summary

Fairstead, a purpose-driven real estate firm, seeks an experienced Developer to oversee affordable housing projects across the US—from underwriting through stabilization and 8609s. The role leads teams, mentors staff, and informs investment decisions with rigorous financial analyses.

You will coordinate due diligence, manage pro formas, and guide the entitlement process, including community outreach and government approvals.

Qualifications

• Bachelor's degree in related field (advanced degree a plus).
• 7 years of experience in real estate development and/or construction, preferably affordable housing or multifamily.
• LIHTC, Section 8 and Public Housing development experience strongly 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.

Responsibilities

• Manage the lifecycle of multiple affordable housing development projects from underwriting to stabilization and 8609s.
• Lead and mentor junior staff and contribute to team growth.
• Prepare and present investment materials to development leadership.
• Compile due diligence data including financial, market, site, and regulatory information.
• Order/review third-party reports and discuss issues with stakeholders.
• Coordinate community meetings and governmental approvals.
• Manage project pro formas including budgets and schedules.
• Complete applications for debt/equity financing, property purchases, and subsidy renewals.
• Support analysis of schedule delays, cost overruns, and construction issues.
• Involve in contract negotiation and review of legal documents.
• Validate budgets/assumptions/pro-forma analysis.
• Coordinate internal/external teams through design to construction documents.
• Lead pre-development work on architectural/engineering issues and zoning.
• Supervise personnel and other as appropriate.
• Perform other duties to support development leadership.

Skills

Real estate development

Financial analysis

Project management

Leadership

Communication

Attention to detail

Education

Bachelor's degree in related field

Tools

Excel

Job description

Fairstead is a purpose-driven real estate firm dedicated to building affordable communities across the country. Headquartered in New York, with offices in Colorado, Florida, and Washington DC, Fairstead owns and manages a portfolio of more than 30,000 apartments, including pipeline, across 28 states. As an integrated owner, operator, and innovator, Fairstead brings development, construction, and property management under one unified platform to deliver high-quality affordable housing that serves our residents at scale.

At Fairstead, we believe affordable housing should be thoughtfully designed, professionally managed, and responsibly operated. We seek to create and preserve housing that serves residents while delivering long-term value to communities, partners, and stakeholders.

Fairstead challenges industry norms through our tech-forward, entrepreneurial approach to affordable housing. In addition to core real estate capabilities, we operate innovative service lines designed to improve resident outcomes, strengthen communities, and drive operational efficiency. We embrace digital transformation, data-driven decision-making, and emerging technologies, including AI, to build scalable systems that support sustainable growth, grounded in a culture of entrepreneurship, innovation, partnership, dedication, and integrity.

The Developer, Development, Affordable Housing, supports all aspects of affordable housing acquisitions, rehabilitation and development (Section 8, Pubic Housing, LITHC, etc.) in core markets across the US. The Developer will report to development leadership.

Responsibilities

• Manage the lifecycle of multiple affordable housing development projects from initial underwriting, through closing to stabilization and 8609s.
• Demonstrate strong leadership and team-building qualities, mentoring junior staff and contributing to the continued growth and development of the team.
• Make substantial contributions to analysis that will inform the firm's investment decisions, prepare and present investment materials to development leadership
• Compilation of due diligence information including financial, market, site, and regulatory data
• Order and review third-party reports, including plan and cost reviews and environmental reports, and discuss any pertinent issues with the appropriate parties.
• Coordinate and lead community meetings and governmental approval processes
• 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.
• Support detailed analyses of project schedule delays, cost overruns, productivity, contracts, change orders and other issues related to design and construction.
• Involvement in contract negotiation and review of legal documentation for each project.
• Validation and support 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 lead pre-development work such as preliminary architectural and engineering issues, zoning issues, local government and community support.
• Supervise personnel including team associates and analysts, and others as appropriate.
• Perform other related duties and support development leadership as required.

Requirements

• Bachelor's Degree in related field, advanced degree is a positive.
• 7 years of experience in real estate development and/or construction, preferably affordable housing or multifamily
• LIHTC, Section 8 and Public Housing development experience strongly 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 entrepreneurialism; works well within ambiguity.
• Exceptional attention to detail.
• Sound judgement.
• Some travel required.

Exact compensation may vary based on skills, experience, and location.

Salary Range

$160,000 - $180,000 USD

Diversity in backgrounds and experiences is key to Fairstead's success. Being an equal opportunity employer is a central tenet of our philosophy that shapes who we are and the communities we serve. Our goal is to ensure competitive total compensation that is commensurate with experience, location, and other market benchmarks.

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