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Director of Development

$180k - $225k

Redpath Partners

Job Description

Development Director (Ground-Up Multifamily & Affordable Housing)

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New York, NY

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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.

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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.

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Key Responsibilities

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

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  • 6-11 years of real estate development experience in Affordable Housing, Multifamily, or mixed-income housing.
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  • Demonstrated cradle-to-grave development experience across ground-up residential projects.
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  • 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.
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  • Experience managing multiple projects simultaneously.
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  • Affordable housing, LIHTC, tax-exempt bond, or public financing experience is highly desirable.
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  • Candidates with a strong market-rate multifamily development background will also be considered.
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  • An entrepreneurial mindset with a desire to take ownership of projects and drive decisions.
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Compensation

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

Vacancy posted 4 days ago
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