Director of Development

Development Director (Ground-Up Multifamily & Affordable Housing)

New York, NY

A growing real estate development platform is seeking a Development Director to help lead the acquisition, capitalization, development, and execution of a portfolio of mixed-income and affordable housing projects throughout New York State.

This is an opportunity to join a lean, entrepreneurial team where you'll work directly with senior leadership and play a meaningful role in shaping projects from initial sourcing through stabilization and delivery.

Key Responsibilities

• Identify, evaluate, and execute new multifamily and affordable housing development opportunities.
• Lead projects through the full development lifecycle, including acquisition, underwriting, capitalization, entitlements, design, financing, construction oversight, and disposition or stabilization.
• Build and maintain complex financial models and development pro formas.
• Coordinate with public agencies, lenders, equity partners, consultants, contractors, and community stakeholders.
• Support project financing efforts, including conventional, affordable, and public-private funding structures.
• Oversee project execution to ensure delivery on schedule and within budget.

Ideal Candidate

• 6-11 years of real estate development experience in Affordable Housing, Multifamily, or mixed-income housing.
• Demonstrated cradle-to-grave development experience across ground-up residential projects.
• Strong financial modeling, underwriting, and capitalization capabilities. Candidates must be comfortable completing an underwriting case study to assess their technical ability to create and update models.
• Experience managing multiple projects simultaneously.
• Affordable housing, LIHTC, tax-exempt bond, or public financing experience is highly desirable.
• Candidates with a strong market-rate multifamily development background will also be considered.
• An entrepreneurial mindset with a desire to take ownership of projects and drive decisions.

Compensation

$180,000 - $225,000 base + bonus + benefits. The opportunity to take part in LTIP/upside will also be an opportunity in time.