Analyst, Development (NYCHA) Affordable

Fairstead is a vertically integrated real estate company specializing in affordable and mixed-income housing. Since 2014, Fairstead has acquired and/or developed more than $4 Billion of multifamily property across the country, and today owns a portfolio of 16,500 apartments in 18 states. The company's comprehensive platform provides hands-on expertise across all multifamily disciplines, including acquisitions, development, design and construction, energy and sustainability, property management and social services

Fairstead's primary mission is to provide high quality housing to all regardless of income, and to make our stakeholders feel "Right at Home." We accomplish this through an empathetic and innovative approach, and by utilizing our interdisciplinary platform as an investor, developer, owner, and operator. Fairstead provides hands-on expertise across all multifamily disciplines, including acquisitions, development, design, construction, energy, sustainability, property management and social services. With a long-term commitment to its residents, communities, and partners, the Fairstead team stands out by:

• Listening to and understanding the needs of its residents, communities, partners, and stakeholders alike
• Developing and preserving high quality affordable housing in an innovative and sustainable fashion
• Creating a positive social and environmental impact within the properties and communities it serves

Fairstead's Core Values

• Empathy
• Innovation
• Entrepreneurship
• Determination
• Integrity

Responsibilites

• Assist the group in all aspects of affordable housing acquisition, rehabilitation, and development (Section 8, LIHTC, etc.) in core markets across the US.
• Make substantial contributions to analysis that will inform the firm's investment decisions
• Ability to -contribute on all phases of a deal and understanding of a project from sourcing through stabilization.
• Compilation of due diligence information including financial, market, site, and regulatory data
• Order and review third-party reports, including plan and cost reviews and environmental reports, and discuss any pertinent issues with the appropriate parties.
• Analyze and compare complex partnership agreements and cash flow waterfalls
• Coordinate and assist community meetings and governmental approval processes
• Manage project pro formas including budgets, schedule, timing, and underwriting assumptions
• Completion of applications and documentation necessary for debt and equity financing, property purchase and sale, and government subsidy renewal
• Support detailed analyses of project schedule delays, cost overruns, productivity, contracts, change orders and other issues related to design and construction
• Involvement in contract negotiation and review of legal documentation for each project
• Validation and defense of budgets, assumptions, and pro-forma analysis
• Build, coordinate and lead internal team members and external consultants through conceptual design and entitlements leading to construction documents

• Coordinate with appropriate personnel including team analysts, , clerical support, and others

• Perform, coordinate and lead pre-development work such as preliminary architectural and engineering issues, zoning issues, local government and community support

• Prepare client communications for senior level review
• Work directly with Senior Associate/VP on project

Requirements

• Bachelor's Degree in related field, advanced degree preferred.
• 4-5 years of experience in real estate development and/or construction, preferably multifamily
• LIHTC and Section 8 experience highly preferred
• Exceptional research and writing abilities.
• Effective written and verbal communications skills.
• Strong project management skills