ASSOCIATE, AFFORDABLE HOUSING ACQUISITIONS, DEVELOPMENT & ASSET MANAGEMENT

Job Description

Slate Property Group, a New York City-based Owner and Developer of residential and mixed-use real estate, is seeking an Associate to be involved in the acquisition, development, asset management, financing, and disposition of affordable, supportive and transitional housing.

Company Info:

Slate Property Group is a vertically integrated owner, operator, and developer of residential and mixed-use real estate in the New York metropolitan area. From adaptive reuse and existing asset repositions to ground-up residential development, Slate’s team leverages proven expertise, a diverse set of capabilities, and a regimented approach to provide its investors with superior risk-adjusted returns. Over the past 5 years, the principals of Slate Property Group have purchased in excess of $4 billion in real estate assets, producing above-market returns through various value-add strategies.

Responsibilities:

• Support in all aspects of affordable, supportive and transitional housing acquisition, rehabilitation, and development (Section 8, LIHTC, etc.) primarily in the NYC metro area, but also in core markets across the US;
• Compilation of due diligence information including financial, market, site, and regulatory data;
• Manage project pro formas including budgets, schedule, timing, and underwriting assumptions;
• Leading the response of RFI/RFP submissions;
• Completion of applications and documentation necessary for debt and equity financing, property purchase and sale, and government subsidy requests;
• Assist in the building and leading development team through conceptual design and entitlements leading to construction documents; and
• Perform, coordinate and / or lead pre-development work such as preliminary architectural and engineering issues, zoning issues, local government and community support.
• Report to the head of affordable housing at Slate Property Group.

Experience

• Minimum of 3 years of relevant experience in affordable housing field
• LIHTC and Section 8 experience strongly preferred
• Experience working with/for City or State Agencies (HPD, DCP, HDC, HFA, DHCR, NYCHA, DHS, HRA etc.) preferred
• Strong quantitative, financial analysis and modeling (excel) skills.

Qualifications

• Bachelor’s degree required, real estate, business or urban planning majors preferred
• 3+ years of real estate experience preferred
• Strong analytical skills and ability to multi-task in a constantly changing environment
• Excellent written and verbal communication skills
• Must be able to work independently, prioritize multiple tasks effectively, take on additional responsibility, and have strong attention to detail

Compensation:

• Salary, bonus, and top benefits
• Salary and bonus will be commensurate with experience.