Senior Development Manager | Affordable Housing

Henderson-Scott; New York (NY); On-site; USD 160,000 - 185,000; Full time

Benefits offered by this job

Wellness benefit packages

Employer matching 401k program

Paid Time Off

Tuition Reimbursement

Job summary

Henderson-Scott is seeking a Senior Development Manager for Affordable Housing in New York, NY. The role leads multifamily real estate development from concept through construction, coordinating financing, design, and approvals to deliver impactful projects.

You will conduct financial modeling, manage closing processes, and collaborate with developers, lenders, and consultants to meet schedule, budget, and community outcomes.

Qualifications

• BA or BS required with 5+ years of multifamily real estate finance and/or development experience
• Specific experience with affordable housing programs and project management execution preferred
• Demonstrated ability to create and execute successful projects completed on or ahead of schedule, on budget, with high quality and significant community impact

Responsibilities

• Expertise in new construction, affordable, and mixed-income residential development, with experience in development, construction, design, and permitting
• Ability to manage a real estate development project from inception through completion, with guidance (including underwriting, financing and capital raising, coordination of consultants, design, construction, and marketing)
• Perform financial modeling and analysis to evaluate potential investment and acquisition opportunities and structure transactions; perform market research and property-level due diligence
• Perform project- and P&L-level financial modeling to evaluate different development scenarios, financing structures, and returns for development projects, and assess project viability and risks
• Negotiate bank term sheets and documents with assistance, identify and resolve deal point issues
• Create budgets and estimate costs in cooperation with subject-matter experts; coordinate budgets and underwriting with agencies, lenders, and equity partners
• Support design and construction decisions in close coordination with third-party consultants (i.e., architects, engineers, contractors, etc.), and participate in construction administration
• Self-motivated and proactive with an established track record of getting things done effectively, independently, and promptly
• A team player, able to work in an entrepreneurial environment, balance changing priorities, and meet deadlines
• Assist the Director of Affordable Development in managing the construction loan closing process, this may include leading closing calls with multiple parties, ensuring timely submission of required closing materials, review of all financials and closing agreements for accuracy, and soliciting bids and reviewing third-party reports
• Work with Development Principal and Director of Affordable Development to formulate strategy for each project, make recommendations on future project pursuits.

Skills

Financial modeling

Interpersonal skills

Organizational skills

Negotiation

Team collaboration

SketchUp

InDesign

AutoCAD

Education

BA or BS in a relevant field

Tools

SketchUp

InDesign

AutoCAD

Job description

Senior Development Manager | Affordable Housing (BBBH1738) New York, New York

Salary: USD160000 - USD185000 per year

The Senior Development Manager | Affordable Housing will:

• Expertise in new construction, affordable, and mixed-income residential development, with experience in development, construction, design, and permitting.


• Ability to manage a real estate development project from inception through completion, with guidance (including underwriting, financing and capital raising, coordination of consultants, design, construction, and marketing).


• Perform financial modeling and analysis to evaluate potential investment and acquisition opportunities and structure transactions; perform market research and property-level due diligence.


• Perform project- and P&L-level financial modeling to evaluate different development scenarios, financing structures, and returns for development projects, and assess project viability and risks.


• Negotiate bank term sheets and documents with assistance, identify and resolve deal point issues.


• Create budgets and estimate costs in cooperation with subject-matter experts; coordinate budgets and underwriting with agencies, lenders, and equity partners.


• Support design and construction decisions in close coordination with third-party consultants (i.e., architects, engineers, contractors, etc.), and participate in construction administration.


• Self-motivated and proactive with an established track record of getting things done effectively, independently, and promptly.


• A team player, able to work in an entrepreneurial environment, balance changing priorities, and meet deadlines.


• Assist the Director of Affordable Development in managing the construction loan closing process, this may include leading closing calls with multiple parties, ensuring timely submission of required closing materials, review of all financials and closing agreements for accuracy, and soliciting bids and reviewing third-party reports.


• Work with Development Principal and Director of Affordable Development to formulate strategy for each project, make recommendations on future project pursuits.
  

Knowledge, Skills, and Abilities for the Senior Development Manager | Affordable Housing:

• Strong financial modeling skills (Excel)


• Excellent interpersonal and communication skills (oral and written)


• Strong organizational skills and attention to detail


• Interest in being part of a close-knit entrepreneurial group that loves helping to transform cities and neighborhoods in socially positive and impactful manner


• Ability to use SketchUp, InDesign and/or AutoCAD software is a plus


• Strong negotiating and internal/external collaboration skills as well as sound political

Education & Experience for the Development Project Manager (Affordable Housing):

• BA or BS required 5+ years of multifamily real estate finance and/or development experience along with knowledge of development best practices.


• Specific experience with affordable housing programs and project management execution preferred


• Demonstrated ability to create and execute successful projects completed on or ahead of schedule, on budget, with high quality and significant community impact

Benefits for the Senior Development Manager | Affordable Housing

• Wellness benefit packages available for review upon request


• Employer matching 401k program


• Paid Time Off


• Tuition Reimbursement