Head of Affordable Housing Development Job at Selby Jennings, Charlotte, NC

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  • Selby Jennings
  • Charlotte, NC

Job Description

The Opportunity
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.

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

Job Tags

Permanent employment, Immediate start,

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