Vice President of 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 14,000 units across 13 states under management and more than 600 employees, Paths manages a suite of capabilities spanning the entire property life-cycle, including: development, construction, property management, maintenance, and security. Summary: Under supervision of the senior Development staff, this role will manage the financing and overall development of a portfolio of affordable housing projects - both the new construction and the rehabilitation of existing multifamily housing. This position is based in New York City but may require some amount of travel.
Classification: Exempt
Hybrid Schedule: Three days in the office (Monday, Tuesday, and Wednesday) and two days working from home (Thursday and Friday).
Location: New York, NY 10022 Primary Responsibilities: - Manage the financing and overall development of new construction and rehabilitation projects:
- Prepare financial models including development budgets and cash flow projections;
- Interface with lenders, equity investors, local officials, and public agencies in preparation for construction loan closings and permanent loan conversions;
- Present projects to local officials, councilmembers, zoning boards, community groups etc;
- Manage Assistant Project Managers and Project Managers as needed;
- Select and oversee the day-to-day management of third party consultants;
- Assemble/oversee construction and design teams as they prepare documents for construction and lender review;
- Lead the preparation of financing and tax credit applications;
- Review and negotiate contracts and other documents;
- Prepare requisitions of projects in construction;
- Prepare financial and zoning feasibility analyses for potential acquisitions and government-issued Requests-For-Proposals (RFPs), for both new construction and rehabilitation projects;
- Assist with negotiations with sellers, brokers, and lenders as needed; and
- Lead special projects as they arise
Skills, Education, and Experience - 8+ years of work experience in affordable housing and finance
- Bachelors' Degree required; Master's Degree preferred
- Knowledge of HUD Project-Based Section 8 and the Federal Low Income Housing Tax Credit programs required
- Experience with managing the development of both new construction and substantial rehabilitation projects preferred
- Strong organizational skills
- Excellent writing and communication skills
- Ability to work independently
- Ability to lead a project team
- Proficiency in Microsoft Excel (with real estate finance experience), Word and PowerPoint
Salary Range: $190,000 - $210,000 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 Assistance Program (EAP)
PMG
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