VP, Affordable Housing (New York)
The Quest Organization, New York, New York, United States, 10261
VP - Affordable Housing
A New York–based real estate investment platform focused on affordable housing acquisition, development, and preservation is seeking a Vice President to lead NYC affordable housing preservation and development transactions. This is a hands-on, high-ownership role for an affordable housing professional.
Key Responsibilities Lead NYC affordable housing preservation transactions from feasibility through closing. Work directly with HPD, HDC, and HCR to structure transactions utilizing public subsidies, tax-exempt bonds, and LIHTC equity. Prepare and manage IPNA submissions and coordinate with agencies, consultants, and legal counsel. Personally underwrite and model transactions, including regulated rents, PBV contracts, tax abatements (Article XI, 420-c), and agency loan terms. Structure layered capital stacks, including senior debt and subordinate/soft public loans. Interpret regulatory agreements and financing documents with long-term ownership strategy in mind. Lead due diligence, identify key risks, and develop mitigation strategies. Prepare investment memoranda and own transactions end-to-end.
Qualifications Bachelor’s degree required. 8–10 years of experience in NYC affordable housing finance, preservation, development, or acquisitions. Strong knowledge of HPD, HDC, and HCR programs and NYC regulated multifamily housing. Familiarity with legal rent frameworks, PBV contracts, and NYC tax abatements (Article XI, 420-c). Working knowledge of Private Housing Finance Law Section 610. Advanced Excel and financial modeling skills. Strong communication, organization, and execution abilities.
Key Responsibilities Lead NYC affordable housing preservation transactions from feasibility through closing. Work directly with HPD, HDC, and HCR to structure transactions utilizing public subsidies, tax-exempt bonds, and LIHTC equity. Prepare and manage IPNA submissions and coordinate with agencies, consultants, and legal counsel. Personally underwrite and model transactions, including regulated rents, PBV contracts, tax abatements (Article XI, 420-c), and agency loan terms. Structure layered capital stacks, including senior debt and subordinate/soft public loans. Interpret regulatory agreements and financing documents with long-term ownership strategy in mind. Lead due diligence, identify key risks, and develop mitigation strategies. Prepare investment memoranda and own transactions end-to-end.
Qualifications Bachelor’s degree required. 8–10 years of experience in NYC affordable housing finance, preservation, development, or acquisitions. Strong knowledge of HPD, HDC, and HCR programs and NYC regulated multifamily housing. Familiarity with legal rent frameworks, PBV contracts, and NYC tax abatements (Article XI, 420-c). Working knowledge of Private Housing Finance Law Section 610. Advanced Excel and financial modeling skills. Strong communication, organization, and execution abilities.