Analyst, Affordable Housing Acquisitions & Development

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.