Vice President of Development – Affordable Housing

Paths Management Services; New York (NY); Hybrid; USD 190,000 - 210,000; Full time

Benefits offered by this job

Medical insurance

Dental and vision

Bonus eligible

Paid time off

Holidays

Disability insurance

Life insurance

Job summary

Paths Management Services in New York City seeks an experienced Development Manager to oversee the financing and development of a portfolio of affordable housing projects, including new construction and substantial rehabilitation. Based in NYC with travel as needed, you will supervise project teams and coordinate with lenders, investors, and public agencies.

The role emphasizes advancing financing strategies, preparing budgets and cash flows, and leading applications for tax credits.

Qualifications

• Bachelor's degree required; Master's preferred.
• 8+ years of work experience in affordable housing and finance.
• Knowledge of HUD Project-Based Section 8 and the Federal Low Income Housing Tax Credit programs required.
• Experience managing development of both new construction and substantial rehabilitation projects preferred.
• Strong organizational skills and excellent writing/communication abilities.
• Ability to work independently and lead a project team.

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 and investors.
• Lead communications with local officials, public agencies, and lenders for loan closings and conversions.
• Present projects to councilmembers, zoning boards, and community groups.
• Oversee project managers and consultants; lead construction and design team documents for lender review.
• Coordinate financing and tax credit applications; negotiate contracts and requisitions.

Skills

Financial modeling

Affordable housing finance

Project management

Stakeholder communication

Leadership

Education

Bachelor's degree

Master’s degree preferred

Tools

Microsoft Excel (real estate finance)

PowerPoint

Word

Job description

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

• Medical Insurance: 100% of medical benefits paid for employees only
• Voluntary dental and vision plan options
• Bonus Eligible
• Paid Time Off
• 12 Paid Company Holidays
• Voluntary short-term disability, long-term disability, life insurance, dependent coverage
• Voluntary accident insurance, critical Illness insurance, and hospital indemnity Insurance