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
- 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.
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