Development Associate

Preservation-of-Affordable-Housing; Boston (MA); Hybrid; USD 60,000 - 80,000; Full time

Benefits offered by this job

Competitive salary

Comprehensive benefits

PTO & parental leave

401(k) with company match

End-of-year bonuses

Remote hybrid schedule

Job summary

Preservation of Affordable Housing (POAH) is seeking a Boston-based Development Associate to support Project Managers across all phases of real estate development. This entry-level role provides exposure to financing, due diligence, and closings, with training provided.

You will work across offices on multiple tasks from reporting to vendor coordination. The ideal candidate has a bachelor’s degree in a related field, strong communication, and the initiative to help advance POAH’s affordable

Qualifications

• Bachelor’s degree in economics, business, mathematics, urban planning, or a related field.
• Real estate development experience is preferred but not required; training provided.
• Strong teamwork abilities and excellent communication with diverse partners.

Responsibilities

• Gather materials for financing applications and RFP responses.
• Organize submission processes for applications and RFPs.
• Assemble due diligence for construction and loan conversions and manage closing checklists.

Skills

Teamwork

Communication

Prioritization

MS Office

Data tracking (Excel)

Initiative

Education

Bachelor’s degree in economics, business, mathematics, urban planning, or related field

Tools

Excel

Job description

About the Opportunity: POAH is seeking a Boston-based team member to join its Real Estate Development group. Development Associates assist support Project Managers in their day-to-day work, but importantly on the implementation and closings of their various real estate development projects. This entry level position provides an exciting opportunity participate in all phases of project execution while gaining an in depth understanding of the real estate development process. POAH fosters an environment that values individual professional growth within the framework of a supportive, team-based approach. The Associate would be expected to work across offices. Some of the role’s specific and essential tasks may include:Gathering & tracking the appropriate materials for financing applications and request for proposal responses. Organizing the submission process for said applications and request for proposals.Assembling the due diligence required for construction and permanent loan conversions and managing the associated closing checklists. This would include submission of organizational documents, board resolutions and votes, good standing certificates, insurance certificates, and wiring instructions.Maintaining the company database with respect to ongoing, internal reporting requirements.Soliciting and tracking responses for 3rd party vendors and contract creation.Prepare presentation materials for meetings.Other development project related tasks as requested by team members.Scheduling team meetings.Tracking team expenses and reimbursements.Experience & KnowledgeEducation: Bachelor’s degree in economics, business, mathematics, urban planning, or a related field.Experience: Real estate development experience is preferred but not required—training will be provided.SkillsStrong teamwork abilities, with the capacity to collaborate with colleagues from diverse backgrounds.Excellent communication skills, both in person and in writing, with a wide range of partners including financial, legal, regulatory, design/construction professionals, and property residents.Ability to prioritize and manage multiple tasks effectively, meeting deadlines in a fast-paced environment.Proficiency in Microsoft Office Suite and data tracking in Excel or similar platforms.Exceptional organizational skills and attention to detail.Initiative and motivation to work towards POAH’s mission of creating and sustaining affordable housing.Why Join POAHWork at the forefront of affordable housing innovation.Collaborate with passionate and dedicated colleagues.Competitive salary and comprehensive benefits package.Contribute to the betterment of communities nationwide.Shape the future of housing policy and finance.At POAH, we offer:Competitive salaries and a comprehensive benefits package, including health and life insuranceGenerous leave programs, including PTO and parental leaveA 401(k) retirement plan with company matchIndividual professional development budget for every employeeEnd-of-year bonusesA vibrant company culturePOAH is currently enjoying a remote hybrid schedule which allows employees to work from home but also requires in-office days. An ability to work a remote hybrid schedule is required of all candidates.Apply: If you're ready to make a difference and drive positive change, apply now by submitting a resume and cover letter to join our passionate team!POAH is an Equal Opportunity Employer. Diverse candidates are encouraged to apply.About the Organization: Preservation of Affordable HousingPreservation of Affordable Housing (POAH) is a national nonprofit organization whose mission is to preserve, create and sustain affordable, healthy homes that support economic security, racial equity, and access to opportunity for all. POAH owns and operates more than 13,000 affordable homes at more than 130 properties in 11 states and the District of Columbia. POAH is based in Boston with offices in Chicago and Washington D.C.POAH’s reach is national in scope, and its pursuit of the preservation mission is empowered by a focus on the business bottom line. Its strong reputation is the result of a demonstrated ability to craft complex financial transactions, tackle tough multi-family projects, and close deals that preserve the affordability of at-risk properties. The organization and its leaders are at the forefront of policy and legislative discussions around housing preservation, affordable housing finance and regulatory reform, including energy efficiency in the multifamily sector.