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
Regional Manager
Premier R.E. Property Management Company is seeking a top-notched Regional Manager with a proven track record and who thrives on the challenges of being responsible for a diverse multi-family, multi-state residential portfolio located in the Northeast and Southeast from a base in New Jersey. ...


Related Management NY-New York 11/20/09
Housing Development Officer
The Redevelopment Authority of the City of Philadelphia is seeking an individual with a strong background in real estate development and/or finance to underwrite and monitor construction loans under the Neighborhood Stabilization Program. Duties will include: the review of development proposals f...


Redevelopment Authority of the City of Philadelphia PA-Philadelphia 11/10/09
Property Manager
Position Title:  On Site Property ManagerReports To: Director of Operations Responsibilities: Oversee daily operations of assigned propertyUltimate responsibility for propertyNegotiate and implement contractsMonitor budget and variance reportPrepare budget, leasing/occupancy, reven...


Corum Real Estate Group CO-Denver 10/20/09
Senior Project Accountant
Jonathan Rose Companies is a network of affiliated planning and development firms with offices in New York City, Connecticut, Westchester, Denver and Albuquerque.  The New York City office is comprised of four practice groups each focused on a specific business pursuit:  investment, pla...


Jonathan Rose Companies NY-New York 10/15/09
Investment Associate-Affordable Housing
Prudential Financial, Inc. is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and...


Prudential CA-San Francisco 10/13/09
Regional Property Manager
Fairway Management, Inc., a division of JES Holdings, is hiring a Regional Property Manager for the St. Louis region of Missouri.  Extensive travel with experience in managing multiple properties required.  Excellent salary with great benefits including incentive bonuses!  Work for...


JES Holdings MO-Columbia 10/13/09
Director, Affordable Originations
Leveraging a 120-year lending history, Prudential Mortgage Capital Company provides commercial and multifamily borrowers with access to a broad range of real estate finance alternatives including fixed-rate, floating-rate and interim/bridge loans; Fannie Mae (DUS), Freddie Mac Targeted Affordable...


Prudential NJ-Newark 10/7/09
Admin
For the energertic and powerful mind. We deal with wide range of issues


Confidential PA 10/2/09
Tenant Relations Assistant
A large Real Estate firm is looking for a Tenant Relations Assistant to work in our Queens office.     Responsibilities:·         Maintain Landlord/Tenant Relations - tenant complaints, repairs, requests and mediations Dealing wit...


Midstate Management Corporation NY-New York 10/1/09

Our Job Site Network

All jobs appear on all these sites

BOMA CCIM CMSA CREW Network GlobeSt.com NAIOP NAREIT NMHC PREA SelectLeaders SIOR ULI

Job Categories

Jobs by Sector

Jobs by Location

More Links