Selby Jennings
Head of Affordable Housing Development
Selby Jennings, Charlotte, North Carolina, United States, 28269
The Opportunity
Learn more about the general tasks related to this opportunity below, as well as required skills. Our client is launching a new platform, a fully independent affordable housing platform focused on developing purpose-built LIHTC communities across the Southeast (and beyond where it makes sense). Their goal is to build a highly successful, synergistic affordable housing provider that leverages the considerable deal flow which their team currently sees on the land development side. This is a long-term business decision and operating company opportunity to be a part of building from the 'ground-up'. This is not a traditional development job. It is a chance for a proven LIHTC leader to step in as the entrepreneurial head of a clean sheet platform with every structural advantage already in place, and to earn a meaningful financial stake in the assets and value created. What Makes This Opportunity Different Immediate entitled deal flow : They controls a deep pipeline of sites across the Southeast with zoning, approvals, community support, and political momentum earned delivering and transacting over $4B in multifamily. Institutional credibility and relationships
already established with every major syndicator and agency. In place support infrastructure : Construction, pre construction, estimating, accounting, marketing, legal, and capital markets resources in-house already to support the platform. Long-term approach : They seek to build a long-term hold, sustainable business that leverages the skill-sets already in-house while building a portfolio of long-term assets. They're interested in vertically integrating over time and has experience self-performing construction and management through various current team members. xsgimln The Role Reporting directly to the founders and operating with P&L control, you will: Build and lead the affordable housing business from day one Originate, entitle, finance, and deliver 4% & 9% LIHTC developments Grow the platform with at least 2-3 starts per year by Year 3 Recruit and mentor a dedicated team while leveraging shared services already inside their firm Earn long term carried interest and GP cash flow participation Ideal Candidate You are currently a leader at a top tier affordable housing developer. You have: Closed LIHTC developments from dirt to keys on the lead development team Expertise in 4% bond and 9% competitive structures, mixed income and missing middle projects Deep relationships with syndicators and state agencies in the Southeast A desire to stop building someone else's platform and start building your own with real permanent ownership You care about people, humanity, giving back and doing the right thing in life and work Compensation and Ownership Highly competitive base salary Annual bonus tied to production milestones Promote participation in the perpetual GP cash flow waterfall with potential for life changing wealth creation as the platform scales Full medical for family, 401k, and standard benefits Full autonomy to hire LIHTC specialists including analysts, project finance, accounting, and asset management as the platform scales Ability to expand across multiple regions with long term strategic leadership
Learn more about the general tasks related to this opportunity below, as well as required skills. Our client is launching a new platform, a fully independent affordable housing platform focused on developing purpose-built LIHTC communities across the Southeast (and beyond where it makes sense). Their goal is to build a highly successful, synergistic affordable housing provider that leverages the considerable deal flow which their team currently sees on the land development side. This is a long-term business decision and operating company opportunity to be a part of building from the 'ground-up'. This is not a traditional development job. It is a chance for a proven LIHTC leader to step in as the entrepreneurial head of a clean sheet platform with every structural advantage already in place, and to earn a meaningful financial stake in the assets and value created. What Makes This Opportunity Different Immediate entitled deal flow : They controls a deep pipeline of sites across the Southeast with zoning, approvals, community support, and political momentum earned delivering and transacting over $4B in multifamily. Institutional credibility and relationships
already established with every major syndicator and agency. In place support infrastructure : Construction, pre construction, estimating, accounting, marketing, legal, and capital markets resources in-house already to support the platform. Long-term approach : They seek to build a long-term hold, sustainable business that leverages the skill-sets already in-house while building a portfolio of long-term assets. They're interested in vertically integrating over time and has experience self-performing construction and management through various current team members. xsgimln The Role Reporting directly to the founders and operating with P&L control, you will: Build and lead the affordable housing business from day one Originate, entitle, finance, and deliver 4% & 9% LIHTC developments Grow the platform with at least 2-3 starts per year by Year 3 Recruit and mentor a dedicated team while leveraging shared services already inside their firm Earn long term carried interest and GP cash flow participation Ideal Candidate You are currently a leader at a top tier affordable housing developer. You have: Closed LIHTC developments from dirt to keys on the lead development team Expertise in 4% bond and 9% competitive structures, mixed income and missing middle projects Deep relationships with syndicators and state agencies in the Southeast A desire to stop building someone else's platform and start building your own with real permanent ownership You care about people, humanity, giving back and doing the right thing in life and work Compensation and Ownership Highly competitive base salary Annual bonus tied to production milestones Promote participation in the perpetual GP cash flow waterfall with potential for life changing wealth creation as the platform scales Full medical for family, 401k, and standard benefits Full autonomy to hire LIHTC specialists including analysts, project finance, accounting, and asset management as the platform scales Ability to expand across multiple regions with long term strategic leadership