Affordable Housing Jobs

Affordable Housing is government subsidized housing for low income individuals and families. Funding for this type of housing comes from the US Department of Housing and Urban Development, or HUD. The most common type of Affordable Housing is the Housing Choice Voucher Program, commonly referred to as Section 8. With this program, residents apply for vouchers and, if approved, the voucher is used to pay all or part of the rent. The balance that is not paid by the voucher is the tenant’s responsibility. HUD also allocates funds directly to state and local governments based on an allocation formula for the improvement or development of Affordable Housing. Residents are typically renters, but there are also programs to assist home buyers. Rental rates and sales prices are set at HUD mandated levels as well as by local state affordable housing programs according to formulas based on median family income levels in the area. Product types for affordable housing range from single family homes to multi-family apartment buildings. Within an affordable housing development, the number of studios, one bedrooms, two bedrooms, etc., can also be regulated to meet certain product mix requirements. Single family developments will often follow the New Urbanism approach and incorporate higher density, smaller units as well as walk-ability and access to local transportation. Often-times, affordable housing units are interspersed within a market rate development or property as mandated by local jurisdictional zoning and housing code.

Information on this page provided courtesy of Cornell University Program in Real Estate
Information Provided by Cornell University

Professional Reading and Resources

  • "Apartment Finance Today"
  • "Affordable Housing Finance"
  • "Journal of Housing Economics"
  • "Journal of Urban Economics"
  • "Journal of Housing and Community Development"
  • "Multi-Housing News"
  • "Units Magazine"

Industry Segments

  • Single Family:
    For Sale, For Rent
  • Multi-Family:
    For Rent

Looking to the Future

Affordable Housing is an important sector within real estate. Poverty is a major issue in the United States and people who fall into this category will continue to need housing. The revenues derived from building affordable housing typically do not create profitable projects and without government assistance, would never be built. The successful development of Affordable Housing depends heavily on the work of government programs such as HUD to provide funding. Local jurisdictions also play a large part by incorporating affordable housing requirements for new projects and partnering with private developers to provide creative financing such as Low Income Housing Tax Credits.

Top Affordable Housing Companies

  • The NRP Group, LLC
  • Michaels Development Co.
  • The Park Cos.
  • Pedcor Investments, LLC
  • National Church Residences

Top Markets

Percentage of Population in Poverty

Detroit, MI32.5%
Buffalo, NY29.9%
Cincinnati, OH27.9%
Miami, FL26.9%
St. Louis, MO26.8%
El Paso, TX26.4%
Milwaukee, WI26.2%
Philadelphia, PA25.1%
Newark, NJ24.2%

* Source: U.S. Census Bureau, 2006 American Community Survey

Sector Quick Facts

From the SelectLeaders/Cornell Job Barometer, Fall 2008



Job Title / Description     Hide Description Company Location Posted
Job Cost Accountant
Firm Description Jonathan Rose Companies is a real estate firm with offices in New York City, Stamford, Westchester, Denver and Albuquerque.  The New York City office is comprised of four practice groups each focused on a specific business pursuit:  investment, planning, devel...


Jonathan Rose Companies NY-New York 9/2/10
This is a test, please DO NOT apply
Search Process   Kick-off call. Participants are Managing Director, Associate and the Researcher. 1.      Review of position description. 2.      Target companies review. 3.      D...


SelectLeaders NY-New York City 8/30/10
Property Management Operations Analyst
The Community Builders, Inc. is the largest nonprofit urban housing developer in the United States.  Our mission is to build strong communities where people of all incomes can achieve their fullest potential.  We do this by developing, financing, and operating high quality affordable ...


The Community Builders, Inc. MA-Boston 7/28/10
Senior Asset Manager
We are seeking an individual with a positive attitude, strong work ethic and good interpersonal skills for a Senior Asset Manager (Multifamily) position. The Senior Asset Manager will be an integral member of Jonathan Rose Companies’ Investment Practice Group (IPG) and report to the IPG&r...


Jonathan Rose Companies NY-New York 7/27/10
Financial Analyst - Mortgage Finance
*This position is responsible for financial analysis, underwriting and portfolio management support functions within a major multifamily affordable housing mortgage and bond portfolio.  The position reports to the Portfolio Manager but also provides support at all levels of the organizat...


The Housing Opportunities Comm. MD-Kensington 7/23/10
Credit Analyst
The National Equity Fund, Inc. (NEF), the largest non-profit syndicator of low-income housing tax credits, is seeking a Credit Analyst for multi-family housing. The primary function of this position is to provide in-depth written analysis of sponsor financials and tax credit documentation in a ...


National Equity Fund, Inc. IL-Chicago 7/21/10
AVP of Acquisitions
AVP of Multifamily Acquisitions  The firm has an immediate opening for a highly intelligent, motivated and detail-oriented individual to join our Multi-Family Acquisitions Team.   This is an opportunity for an experienced individual to join a thriving, fast-paced, highly en...


Confidential AL 7/14/10
VICE PRESIDENT OF HUMAN RESOURCES
JRK Property Holdings is a national real estate investment company that operates over 180 locations in over 20 states and is poised for a significant growth. Consider a position with an exciting, fast-paced company that owns and manages a diverse portfolio that includes multifamily properties, ...


JRK Property Holdings CA-Los Angeles 7/6/10

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