Senior Development Lead – Affordable Housing

Fairstead; Denver (CO); On-site; USD 160,000 - 180,000; Full time

Job summary

Fairstead is seeking a Developer, Development, Affordable Housing to lead the lifecycle of affordable housing projects from underwriting through stabilization and 8609s. This role reports to development leadership and requires strong leadership and the ability to assemble teams.

You will coordinate due diligence, review reports, manage budgets and pro formas, handle government subsidies, and engage with financiers, public agencies, and communities to advance projects.

Qualifications

• Bachelor’s Degree in a related field; advanced degree preferred.
• 7 years in real estate development and/or construction, preferably affordable housing.
• LIHTC, Section 8 and Public Housing development experience strongly preferred.
• Strong quantitative, financial analysis and modeling (Excel) skills.
• Exceptional research and writing abilities and strong communication skills.
• Strong project management and ability to multi-task in a dynamic environment.
• Some travel required.

Responsibilities

• Manage the lifecycle of affordable housing developments from underwriting through stabilization and 8609s.
• Demonstrate leadership, mentor staff, and contribute to team growth.
• Prepare investment materials and present to development leadership.
• Compile due diligence including financial, market, site, and regulatory data.
• Review third-party reports and discuss issues with stakeholders.
• Coordinate community meetings and government approvals.
• Oversee pro formas, budgets, schedules, and underwriting assumptions.
• Support debt/equity financing applications and government subsidy renewals.
• Analyze schedule delays, cost overruns, and contracts; manage design/construction issues.
• Involve in contract negotiation and review of legal documents.
• Lead internal teams and external consultants through design to construction documents.
• Perform pre-development work on architectural/engineering issues and zoning.
• Supervise personnel and provide others as needed.

Skills

Financial analysis

Excel modeling

Project management

Written communications

Verbal communications

Leadership

Education

Bachelor’s Degree in related field

Advanced degree preferred

Job description

Fairstead is seeking a Developer, Development, Affordable Housing to lead the lifecycle of affordable housing projects from underwriting through stabilization and 8609s. This role reports to development leadership and requires strong leadership and the ability to assemble teams.

You will coordinate due diligence, review reports, manage budgets and pro formas, handle government subsidies, and engage with financiers, public agencies, and communities to advance projects.