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Analyst, Affordable Housing Acquisitions & Development

Salary
Competitive
Employment
Full Time
Real Estate Field
  • Acquisitions
Location
New York
 NY
Postal Code
10019
Country
United States

This job is no longer active.

Description


Position: Analyst, Affordable Housing Acquisition & Development

Location:
New York, NY


Start Date:
ASAP


Salary:
Market  


Term:
2-year analyst program with opportunity for promotion at end of term


Primary Responsibilities:

  • Provide support in all aspects of affordable housing acquisition, rehabilitation, and development (Section 8, LIHTC, etc.) in core markets across the US
  • Expected to make substantial contributions to analysis that will inform the firm’s investment decisions
  • Compilation of due diligence information including financial, market, site, and regulatory data
  • Analyzing and comparing complex partnership agreements and cash flow waterfalls
  • Manage project pro formas including budgets, schedule, timing, and underwriting assumptions
  • Completion of applications and documentation necessary for debt and equity financing, property purchase and sale, and government subsidy renewal
  • Involvement in contract negotiation and review of legal documentation for each project
  • Validation and defense of budgets, assumptions, and pro-forma analysis
  • Build, coordinate and lead internal team members and external consultants through conceptual design and entitlements leading to construction documents
  • Perform, coordinate and / or lead pre-development work such as preliminary architectural and engineering issues, zoning issues, local government and community support

Qualifications:

  • Experience
    • Minimum of 1 years of relevant experience in real estate or banking related field
    • LIHTC and Section 8 experience a plus
  • Education
    • Bachelor’s degree required
    • Graduate degree a plus
  • Values entrepreneurialism and works well with limited direction
  • Strong analytical skills and ability to multi-task in a constantly changing environment
  • Excellent written and verbal communication skills
  • Curious and highly driven
  • Strong quantitative, financial analysis and modeling (excel) skills
Company: 
  • Fairstead Affordable, a Fairstead subsidiary, specializes in the acquisition, rehabilitation and preservation of affordable and mixed-income housing across the US. Fairstead is a socially responsible, fully integrated real estate investor, developer, owner and operator specializing in affordable, mixed-income, and market-rate housing. Fairstead utilizes a purpose-driven, innovative approach and has acquired, developed or preserved nearly 15,000 units since inception. Fairstead currently owns 11,500 affordable, mixed-income and market-rate rental units across 14 states. 

Job Functions


  • Acquisitions
  • Development
  • Underwriting
 

Job Sector


  • Residential
 

Experience


1+ to 2 years


This job is no longer active.

 
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