Senior Developer

Fairstead is a purpose-driven real estate firm dedicated to building affordable communities across the country. Headquartered in New York, with offices in Colorado, Florida, and Washington DC, Fairstead owns and manages a portfolio of more than 30,000 apartments, including pipeline, across 28 states. As an integrated owner, operator, and innovator, Fairstead brings development, construction, and property management under one unified platform to deliver high-quality affordable housing that serves our residents at scale. We believe affordable housing should be thoughtfully designed, professionally managed, and responsibly operated to create and preserve housing that serves residents while delivering long-term value to communities, partners, and stakeholders. Fairstead challenges industry norms through a tech-forward, entrepreneurial approach, embracing digital transformation, data-driven decision-making, and emerging technologies to build scalable systems that support sustainable growth.

About the role

The Senior Developer, Affordable Housing, supports all aspects of affordable housing acquisitions, rehabilitation, and development (Section 8, Public Housing, LIHTC, etc.) in core markets across the US. This role reports to executive leadership, and contributions will inform the firm’s investment and management decisions.

Responsibilities

• Manage the lifecycle of multiple affordable housing development projects from initial underwriting, through closing to stabilization and 8609s.
• Demonstrate strong leadership and team-building qualities, mentoring junior staff and contributing to the continued growth and development of the team.
• Make substantial contributions to analysis that will inform the firm's investment decisions, and prepare and present investment materials to executive leadership.
• Compile due diligence information including financial, market, site, and regulatory data.
• Manage project proformas including budgets, schedules, and underwriting assumptions.
• Complete applications and documentation necessary for debt and equity financing, property purchase and sale, and government subsidy renewal.
• Participate in contract negotiation and review of legal documentation for each project.
• Validate and support budgets, assumptions, and proforma analysis.
• Analyze and compare complex partnership agreements and cash flow waterfalls.
• Build, coordinate, and lead internal team members and external consultants through conceptual design and entitlements leading to construction documents.
• Perform, coordinate, and/or lead pre-development work such as preliminary architectural and engineering issues, zoning issues, local government, and community support.

Requirements

• Bachelor's degree in a related field required; advanced degree is a plus.
• Ten (10) years of experience in real estate development and/or construction, preferably affordable housing or multi-family.
• LIHTC, Section 8, and Public Housing development experience strongly preferred.
• Experience managing and growing a small team is a plus but not required.
• Strong quantitative, financial analysis, and modeling (Excel) skills.
• Exceptional research and writing abilities.
• Exceptional written and verbal communication skills.
• Strong project management skills and follow-through.
• Ability to multi-task and prioritize appropriately in a constantly changing environment and act with a sense of urgency and accountability.
• Highly driven, values entrepreneurialism, and works well within ambiguity.
• Exceptional attention to detail and sound judgement.
• Some travel required.

Pay

$180,000 - $200,000 USD. Exact compensation may vary based on skills, experience, and location.