Assistant Vice President – 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 15,000 units across 12 states under management and more than 500 employees, Paths manages a suite of capabilities spanning the entire property life-cycle, including: development, construction, property management, maintenance, and security
Job Location: New York, NY
Job ID: MZM
Job Description: Prepare financial projections and feasibility analyses for potential acquisitions and government-issued Requests-For-Proposals (RFPs), for both new construction and rehab projects. Assist with negotiations with sellers, brokers, and lenders. Manage acquisition of existing affordable housing properties as well as properties intended for new construction. Prepare financial projections for existing pipeline properties to be constructed or rehabbed. 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, council members, zoning boards. Select third party consultants. Supervise the preparation of financing and tax credit applications. Prepare requisitions of projects in construction. Technical environment: affordable housing and finance; new construction development, acquisition/rehab; RFP submissions; understanding and interpretation of zoning and land use regulations to determine feasibility of potential new construction projects; Microsoft Excel for real estate finance; familiarity with residential housing physical components and schematic level design; reviewing architectural plans and drawings; GIS maps for land use.
Job Requirements: Master’s degree in City and Regional Planning, Public Policy or related field plus 3 years of experience with affordable housing and finance required.
Skills Required: new construction development, acquisition/rehab; RFP submissions; understanding and interpretation of zoning and land use regulations to determine feasibility of potential new construction projects; Microsoft Excel for real estate finance; familiarity with residential housing physical components and schematic level design; reviewing architectural plans and drawings; GIS maps for land use.
Salary Range: $170,000/yr.-$180,000/yr.
Benefits:
- 100% employer-paid medical insurance for employees
- Voluntary dental and vision plans
- 401(k) with company match
- Paid Time Off and 12 company holidays
- Commuter benefits
- Voluntary short-term/long-term disability, life insurance, dependent coverage
- Voluntary accident, critical illness, and hospital indemnity insurance
- Employee Referral Program
- Employee Assistance Program (EAP)
