Senior Associate, Development | Affordable Housing

3 weeks ago

Bethesda, United States Henderson Scott Full time

Senior Associate | Affordable Housing Development
 Bethesda, MD

Our client is a vertically integrated real estate firm specializing in affordable housing and mixed-income development. As the Senior Associate | Affordable Housing Development, you will be based in the Maryland office and play a pivotal role in the value-add/opportunistic investment platform that specifically targets affordable housing projects across the United States. A track record of acquiring, developing, and constructing affordable housing projects is required.

The key responsibilities of the Senior Associate | Affordable Housing Development:

  • Lead the group in all aspects of affordable housing acquisition, rehabilitation, and development (Section 8, LIHTC, etc.) in core markets across the US.
  • Make substantial contributions to analysis that will inform the firm's investment decisions
  • Ability to drive all phases of a deal and proven understanding of a project from sourcing through stabilization.
  • Compilation of due diligence information including financial, market, site, and regulatory data
  • Order and review third-party reports, including plan and cost reviews and environmental reports, and discuss any pertinent issues with the appropriate parties.
  • Analyze and compare complex partnership agreements and cash flow waterfalls
  • Coordinate and lead community meetings and governmental approval processes
  • 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
  • Support detailed analyses of project schedule delays, cost overruns, productivity, contracts, change orders and other issues related to design and construction
  • 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
  • Supervise appropriate personnel including, less experienced team associates and analysts, clerical support, and others as appropriate
  • Perform, coordinate and lead pre-development work such as preliminary architectural and engineering issues, zoning issues, local government and community support
  • Prepare client communications for senior level review
  • Work directly with Director on project


Requirements of the Senior Associate | Affordable Housing Development:

  • Bachelor's Degree in related field, advanced degree preferred.
  • 4-6 years of experience in real estate development and/or construction, preferably multifamily.
  • LIHTC and Section 8 development experience highly preferred.
  • Strong quantitative, financial analysis and modeling (excel) skills.
  • Exceptional research and writing abilities.
  • Exceptional written and verbal communications skills.
  • Strong project management skills and follow-through.
  • Ability to multi-task and prioritize appropriately in a constantly changing environment and act with a sense of urgency and accountability.
  • Highly driven and values entrepreneurialism; works well within ambiguity.
  • Exceptional attention to detail.
  • Sound judgement.
  • Some travel required


BENEFITS

  • Health Benefits: employer paid medical, dental and vision
  • DTO/Sick/Personal: Discretionary paid time off and sick time off
  • Generous holiday schedule, paid maternity leave
  • Flexible Work Arrangements
  • 401K Plan
  • Flex Spending Accounts
  • Life Insurance
  • Commuter Benefits
  • Long Term Disability
  • Nationwide Pet Insurance

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