Senior Project Manager / Underwriter

Affordable Housing Developer and General Contractor is seeking a Senior Project Manager & Underwriter to lead the development and financial evaluation of affordable housing projects from concept through completion.

Responsibilities:

Project Management:

• Manage all phases of real estate development, including site acquisition, entitlements, design coordination, financing, construction, and lease-up.
• Lead internal and external project teams, including architects, engineers, and contractors, to ensure timely and budget-conscious delivery.
• Oversee project schedules, budgets, and timelines, identifying and addressing potential risks.
• Prepare and submit funding applications for sources such as Low-Income Housing Tax Credits (LIHTC), bonds, and other public/private financing programs.
• Coordinate with government agencies to secure necessary approvals and permits.
• Support legal processes, including closings, regulatory compliance, and contract execution.
• Engage with community stakeholders, tenants, officials, and project partners throughout the development process.

Underwriting & Financial Analysis:

• Analyze project feasibility through detailed financial modeling and pro forma development.
• Evaluate operating budgets, funding structures, and long-term sustainability of proposed projects.
• Conduct site due diligence including zoning, market analysis, and title review.
• Create and present investment memos, board presentations, and internal reporting materials.
• Recommend financing strategies that align with organizational goals and funding requirements.

Qualifications:

• 5+ years of experience in affordable housing real estate development (New York State experience preferred).
• Familiarity with affordable housing finance tools, including LIHTC and other subsidy programs.
• Strong financial analysis and modeling skills
• Strong written and verbal communication skills.
• Strong organizational and time management skills with the ability to manage multiple priorities.