Shire Jobs

Project Manager - Affordable Housing Development

909 3rd Ave, New York, NY 10022, USA Req #993

Friday, September 20, 2024

Project Manager – Affordable Housing Development

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 12,000 units across 10 states under management and more than 400 employees, Paths manages a suite of capabilities spanning the entire property life-cycle, including: development, construction, property management, maintenance, and security.

Summary/Objective:

This position assists the Head of Development and Senior Development staff with the acquisition, underwriting, and managing the development of affordable housing projects -– both the new construction and the rehabilitation of existing multifamily housing.

Primary Responsibilities:

• Analyze market data and demographic trends to support the acquisition of existing affordable housing properties as well as properties intended for new construction;

• Prepare funding applications for lenders, Low Income Housing Tax Credits, and other types of financing;

• Assist senior development staff in the acquisition, underwriting, financing and overall development of new construction and rehabilitation projects;

• Review financial information and assist in preparing financial models;

• Participate in public hearings and meetings with government agencies and community stakeholders;

• Interface with lenders, equity investors, local officials, and public agencies in preparation for construction loan closings and permanent loan conversions;

• Interact with third party consultants (architects, engineers, environmental consultants, lawyers, etc.) to ensure delivery of services in a timely manner;

• Assist in the gathering and preparation of due diligence required for external parties;

• Assist with preparation of proposals in response to government-issued Requests-For-Proposals (RFP);

• Prepare monthly requestions for funding from public and private lenders during the construction period; and

• Assist with special projects as they arise.

  Requirements:

• 3+ years of work experience in affordable housing development or finance or related field

• Bachelor’s Degree required, Master’s degree preferred

• Knowledge of HUD Project-Based Section 8 and Federal Low Income Housing Tax Credit programs preferred but not required

• Must be detail oriented, organized and able to multi-task

• Ability to work in an individual capacity and as a team

• Excellent writing and communication skills

• Proficiency in Microsoft Excel, Word and PowerPoint

  Salary Range: $90,000 - $100,000 annually

  Benefits:

• Medical Insurance: 100% of medical benefits paid for employees only

• Voluntary dental and vision plan options

• Bonus Eligible

• 401(K) available plus company match

• Paid Time Off

• 12 Paid Company Holidays

• Commuter Benefits

• Voluntary short-term disability, long-term disability, life insurance, dependent coverage

• Voluntary accident insurance, critical Illness insurance, and hospital indemnity Insurance

• Employee Referral Program

• Employee Assistant Program (EAP)

Paths Management Services LLC is an equal opportunity employer and does not discriminate in employment based on race, color, religion, sex, national origin, citizenship status, age, disability, political affiliation or belief.

Other details

• Pay Type Salary

• Min Hiring Rate $90,000.00

• Max Hiring Rate $100,000.00

• Required Education Bachelor’s Degree

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• 909 3rd Ave, New York, NY 10022, USA