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$180k–$200k/yr
Full-time
bachelor degree, postgraduate degree
Posted 27d ago
~40 hrs/week
Responsibilities
Manage the full lifecycle of affordable housing development projects from underwriting and closing to stabilization. Lead internal teams and external consultants through design, entitlements, and the procurement of debt and equity financing.
Requirements
Requires a Bachelor's degree and at least ten years of experience in real estate development, specifically within affordable housing or multi-family sectors. Must possess strong quantitative financial analysis skills and experience with LIHTC and Section 8 programs.
Full job description
Fairstead is a purpose-driven real estate firm dedicated to building affordable communities across the country. Headquartered in New York, with offices in Colorado, Florida, and Washington DC, Fairstead owns and manages a portfolio of more than 30,000 apartments, including pipeline, across 28 states. As an integrated owner, operator, and innovator, Fairstead brings development, construction, and property management under one unified platform to deliver high-quality affordable housing that serves our residents at scale.
At Fairstead, we believe affordable housing should be thoughtfully designed, professionally managed, and responsibly operated. We seek to create and preserve housing that serves residents while delivering long-term value to communities, partners, and stakeholders.
Fairstead challenges industry norms through our tech-forward, entrepreneurial approach to affordable housing. In addition to core real estate capabilities, we operate innovative service lines designed to improve resident outcomes, strengthen communities, and drive operational efficiency. We embrace digital transformation, data-driven decision-making, and emerging technologies, including AI, to build scalable systems that support sustainable growth, grounded in a culture of entrepreneurship, innovation, partnership, dedication, and integrity.
The Senior Developer, Affordable Housing, supports all aspects of affordable housing acquisitions, rehabilitation, and development (Section 8, Public Housing, LIHTC, etc.) in core markets across the US. The Senior Developer will report to executive leadership and their contributions will be used in the investment and management decisions of the company.
Responsibilities:
Manage the lifecycle of multiple affordable housing development projects from initial underwriting, through closing to stabilization and8609s.
Demonstrate strong leadership and team-building qualities, mentoring junior staff and contributing to the continued growth and development of the team.
Makes substantial contributions to analysis that will inform the firm’s investment decisions, prepare and present investment materials to executive leadership
Compilation of due diligence information including financial, market, site, and regulatory data.
Manage project proformas including budgets, schedules, , 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 supportof budgets, assumptions, and proforma analysis.
Analyzing and comparing complex partnership agreements and cash flow waterfall
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.
Perform other related duties and support executive leadership as required.
Requirements:
Bachelor’s Degree in related field required, advanced degree is a plus
Ten (10) years of experience in real estate development and/or construction, preferably affordable housing or multi-family.
LIHTC, Section 8 and Public Housing development experience strongly preferred.
Experience managing and growing a small team a plus but not a requirement
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
Exact compensation may vary based on skills, experience, and location.
Salary Range
$180,000—$200,000 USD
Diversity in backgrounds and experiences is key to Fairstead’s success. Being an equal opportunity employer is a central tenet of our philosophy that shapes who we are and the communities we serve. Our goal is to ensure competitive total compensation that is commensurate with experience, location, and other market benchmarks.
For information about how we use your personal information, including information submitted for career opportunities, please review our Privacy Policy at
A vertically integrated, purpose-driven real estate developer committed to building vibrant communities across the US.
Industry
Real Estate
Company size
501-1,000 employees
Headquarters
New York, NY
LinkedIn followers
24,654
Fairstead is a purpose-driven real estate firm dedicated to building affordable communities across the country. Fairstead’s commitment to communities is realized through a comprehensive platform that leverages in-house expertise in acquisitions, development, construction, asset management, and property management. Headquartered in New York, with regional headquarters in Colorado, Florida, and Washington, D.C., Fairstead owns and manages more than 30,000 apartments across 28 states.
Offices: 250 W 55th St, 35th Floor, New York, NY 10019, US · 4550 Montgomery Ave, Suite 450, Bethesda, Maryland 20814, US · 1700 Broadway, Suite 810, Denver, Colorado 80290, US · 11 S Swinton Ave, Delray Beach, Florida 33444, US
Based on 4528 listings with disclosed salaries, most engineering jobs in Maryland pay between $86k–$213k per year. Individual offers vary with seniority, company size, and specialization.
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