Vice President of Development - Affordable Housing

Appone; New York (NY); Hybrid; USD 190,000 - 210,000; Full time

Benefits offered by this job

Medical Insurance

401(k) with company match

Paid Time Off

12 Company Holidays

Commuter Benefits

Disability & Life Insurance

EAP

Job summary

Paths Management Services LLC is seeking a Vice President of Development to lead financing and overall development of affordable housing portfolios, including new construction and rehabilitation. Based in New York City with travel as needed, the role requires strong leadership and hands-on financial modeling.

The position features a hybrid schedule (3 days in office, 2 from home) and a competitive compensation package accompanying comprehensive benefits.

Qualifications

• 8+ years of work experience in affordable housing and finance.
• Bachelor's degree required; Master's degree preferred.
• Knowledge of HUD Project-Based Section 8 and LIHTC programs.
• Experience with developing both new construction and substantial rehabilitation projects.
• Strong organizational, writing and communication skills.
• Ability to work independently and lead a project team.
• Proficiency in Excel (real estate finance), Word and PowerPoint.

Responsibilities

• Manage the financing and overall development of new construction and rehabilitation projects.
• Prepare financial models including budgets and cash flow projections.
• Interface with lenders, equity investors, officials, and agencies for loan closings and conversions.
• Present projects to officials and boards.
• Manage PMs and third-party consultants.
• Lead financing and tax credit applications; review contracts.
• Prepare requisitions for projects in construction.
• Prepare feasibility analyses for potential acquisitions and RFPs.
• Assist with negotiations with sellers, brokers, and lenders.
• Lead special projects as they arise.

Skills

Leadership

Communication

Writing

Independent work

Project management

Financial modeling

Team leadership

Education

Bachelor's degree

Master's degree preferred

Tools

Microsoft Excel

Microsoft Word

PowerPoint

Job description

Vice President of Development - Affordable Housing

Full-Time/Part-Time Full-Time

Description

Vice President of Development
Paths is a full-scale, vertically integrated affordable housing developer, builder, and operator. Since 2004, the Paths team created and preserved high-quality affordable housing across the U.S. that enhances communities and helps residents build better lives. With over 14,000 units across 13 states under management and more than 600 employees, Paths manages a suite of capabilities spanning the entire property life-cycle, including: development, construction, property management, maintenance, and security.

Summary: Under supervision of the senior Development staff, this role will manage the financing and overall development of a portfolio of affordable housing projects - both the new construction and the rehabilitation of existing multifamily housing. This position is based in New York City but may require some amount of travel.
Classification: Exempt
Hybrid Schedule: Three days in the office (Monday, Tuesday, and Wednesday) and two days working from home (Thursday and Friday).
Location: New York, NY 10022

Primary Responsibilities:

• Manage the financing and overall development of new construction and rehabilitation projects:
  • Prepare financial models including development budgets and cash flow projections;
  • Interface with lenders, equity investors, local officials, and public agencies in preparation for construction loan closings and permanent loan conversions;
  • Present projects to local officials, councilmembers, zoning boards, community groups etc;
  • Manage Assistant Project Managers and Project Managers as needed;
  • Select and oversee the day-to-day management of third party consultants;
  • Assemble/oversee construction and design teams as they prepare documents for construction and lender review;
  • Lead the preparation of financing and tax credit applications;
  • Review and negotiate contracts and other documents;
  • Prepare requisitions of projects in construction;
• Prepare financial and zoning feasibility analyses for potential acquisitions and government-issued Requests-For-Proposals (RFPs), for both new construction and rehabilitation projects;
• Assist with negotiations with sellers, brokers, and lenders as needed; and
• Lead special projects as they arise

Skills, Education, and Experience

• 8+ years of work experience in affordable housing and finance
• Bachelors' Degree required; Master's Degree preferred
• Knowledge of HUD Project-Based Section 8 and the Federal Low Income Housing Tax Credit programs required
• Experience with managing the development of both new construction and substantial rehabilitation projects preferred
• Strong organizational skills
• Excellent writing and communication skills
• Ability to work independently
• Ability to lead a project team
• Proficiency in Microsoft Excel (with real estate finance experience), Word and PowerPoint

Salary Range: $190,000 - $210,000

Benefits:

• Medical Insurance: 100% of medical benefits paid for employees only
• Voluntary dental and vision plan options
• Bonus Eligible
• 401(K) available plus company match
• Paid Time Off
• 12 Paid Company Holidays
• Commuter Benefits
• Voluntary short-term disability, long-term disability, life insurance, dependent coverage
• Voluntary accident insurance, critical Illness insurance, and hospital indemnity Insurance
• Employee Referral Program
• Employee Assistance Program (EAP)

PMG

EOE Statement We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status or any other characteristic protected by law.

Position Vice President of Development

Number of Openings 1

Location Paths Management Services LLC

This position is currently accepting applications.