Job Description

Overview

Managing Director, Real Estate Development (50351) role at RiseBoro Community Partnership.

RiseBoro is seeking a senior-level real estate development professional to lead a robust pipeline of new construction, rehab projects, and the preservation of existing assets to advance affordable housing and community impact.

Responsibilities

• Advance RiseBoros real estate pipeline in service of the organizations mission.
• Oversee a growing pipeline of 5000 units of new and rehab construction and the repositioning of RiseBoros existing assets (3000+ units).
• Provide leadership for a mid-career professional with core affordable housing development experience, strong financial underwriting acumen, and a proven track record of driving deal completion and profitability from start to finish.
• Develop and preserve profitable, sustainable, and affordable housing with coordinated services, amenities, and property management to support long-term affordability of RiseBoros Housing Portfolio.
• Collaborate with teams to ensure high standards of financial performance and successful project execution across development phases from predevelopment to operations.

Key Duties and Responsibilities

• Lead analysis of potential development deals, prepare investment memos for senior leadership and board review.
• Coordinate responses to competitive development RFPs and RFQs; identify new opportunities to expand RiseBoros development pipeline.
• Coordinate with the Director of Asset Management to develop and execute repositioning strategies for existing assets.
• Mentor and train Project Managers; promote best practices in underwriting, process improvement, and program management to achieve organizational goals.
• Cultivate strategic relationships with funders, investors, development partners, government agencies, tenants, elected officials, and other stakeholders.
• Represent RiseBoro at industry events and applicable working groups or task forces; identify cross-functional collaboration opportunities within RiseBoro.

Education And Experience

• Bachelors degree required; Masters degree in Real Estate, Urban Planning, Business, or similar field preferred.
• 4-8 years of project management experience in affordable housing, development, or related fields (preferred).
• 3-5 years experience underwriting NYC affordable housing transactions.
• 2-3 years supervisory experience (preferred).

Qualifications

• Demonstrated expertise in low-income housing tax credits (9% and 4%), bond financing transactions, and Year 15 transactions; knowledge of sustainable development practices.
• Advanced experience in real estate underwriting and knowledge of city/state agencies, programs, and development processes.
• Strong communication and interpersonal skills; ability to manage multiple priorities and foster collaboration.
• Commitment to RiseBoros mission, vision, and values; passion for affordable housing development and social responsibility.
• Able to understand and address concepts of institutional racism and bias and their impact on underserved communities; commitment to supporting affected communities.

Equal Employment Opportunity

EQUAL EMPLOYMENT OPPORTUNITY (EEO)/AFFIRMATIVE ACTION POLICY STATEMENT: RiseBoro provides equal employment opportunity to all employees and applicants. No individual will be discriminated against on the basis of race, color, age, creed, religion, national origin, citizenship status, political or union affiliation, marital or partnership status, sex, sexual orientation or affectional preference, gender identity, familial status, genetic information or predisposition, disability, veteran status, or any other characteristic protected by law. RiseBoro makes reasonable accommodations as required by law and requests for accommodation should be directed to the Human Resources Department.

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