Managing Director, Real Estate Development (50351)
Riseboro Community Partnership
Oversee development of 5k new and 3k rehab affordable housing units, handling pipeline, underwriting, and team.
4 days ago ago
Expert & Leadership (13+ years), Experienced (8-12 years)
Full Time
Brooklyn, NY
Hybrid
Company Size
200 Employees
Service Specialisms
Affordable housing development
Property management
Homelessness prevention services
Legal services
Workforce development
Senior services
Youth employment programs
Community advocacy
Sector Specialisms
Affordable Housing
Energy Efficiency
Community Services
Property Management
Sustainability
Supportive Services
Housing Development
Senior Services
Role
What you would be doing
rfp coordination
deal analysis
asset repositioning
financial performance
risk indicators
project delivery
- Take an active role in the coordination of RiseBoro’s response to competitive development RFPs and RFQs
- Lead analysis of potential new development deals, prepare investment memos for senior leadership and board review
- In coordination with the Director of Asset Management, develop and execute repositioning strategy for existing assets
- Ensure that all RE Development projects, embody RiseBoro’s core virtues: Respect, Integrity, Compassion, Equity and Empowerment
- Cultivate and curate strategic relationships to enhance the organization’s impact and reach, including those with key funders, investors, development partners, government agencies, tenants, elected officials, and other stakeholders
- Seek and identify new opportunities to expand the RB Development Pipeline
- Participate in industry events, represent RiseBoro on applicable working groups and task forces
- Ensure RiseBoro’s development projects establish and meet high standards of financial performance
- Provide mentorship and training to Project Managers. Take an active role in on–the-job learning opportunities for less experienced team members. Leading by example, imbue best practice underwriting, operationalize process to improve productivity, and ensure excellence in program management to achieve RiseBoro’s goals
- Advance RiseBoro’s real estate pipeline in service of RiseBoro’s mission
- Identify and develop relevant key performance and risk indicators, assess emerging risks and opportunities, and develop executable plans to address all
- Identify and advance cross-functional collaboration opportunities within RiseBoro
- Work independently to ensure successful, timely and profitable projects, delivering on all development phases from predevelopment to operations
What you bring
supervisory exp
project management
real estate underwriting
microsoft excel
bachelor’s degree
affordable housing
- Demonstrated management/supervisory experience
- Ability to manage and execute multiple critical priorities
- Demonstrated knowledge of city and state agencies, programs, and development processes
- 2-3 years supervisory experience, preferred
- 3-5 years’ experience underwriting NYC affordable housing transactions
- Excellent interpersonal and relationship management skills
- Bachelor’s degree required; Master’s degree in Real Estate, Urban Planning, Business, or similar field preferred
- Demonstrated advanced experience in real estate underwriting
- Ability to understand the concepts of institutional and structural racism and bias and their impact on underserved and underrepresented communities
- Proficient in Microsoft Office Suite; specifically, advanced Microsoft Excel skills
- Ability to foster an environment of collaboration and maintain positive working relationships
- Highly organized with strong attention to detail
- Demonstrated progressive experience in low-income housing tax credits (9% and 4%) transactions, bond financing transactions and Year 15 transactions, the affordable housing industry, and sustainable development practices
- Excellent oral and written communication skills
- 4-8 years of project management experience in affordable housing, development, or related experience, preferred
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Interview process
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Company
Overview
- Founded with a mission to revitalize neighborhoods and provide affordable housing opportunities.
- Focus on creating sustainable communities through development, advocacy, and support services.
- Specializes in the construction, preservation, and management of affordable housing properties.
- Works closely with local residents, helping them access career development, financial literacy, and educational resources.
- Supports economic growth by creating jobs and offering workforce training programs.
- Leverages community-based partnerships to improve local infrastructure and ensure long-term impact.
- Has developed numerous residential buildings and affordable housing projects across multiple neighborhoods.
- Invests in the arts, culture, and wellness, promoting a holistic approach to community improvement.
- A key player in tackling urban displacement and supporting underserved populations in New York.
353 volunteers
Active community volunteers
Volunteers contribute to participatory budgeting initiatives, reflecting the company's commitment to community engagement.
5,694 participants
Engaged community members
Participants in participatory budgeting initiatives demonstrate strong community involvement in decision-making processes.
1,000 recipients
Annual toy-drive support
The company annually provides holiday gifts to over 1,000 individuals, showcasing its dedication to community well-being.
- Our inclusive approach helps us achieve our mission to unleash the potential of communities to thrive, no matter the odds.
- Holistic‑community revitalization model: building affordable housing as neighborhood asset foundation, then layering resource‑linking programs
100% Affordable
Multi-family Passive House
The first 100% affordable multi-family Passive House project in the U.S.
20% Energy Use
NYC Building Benchmark
Knickerbocker Commons uses only 20% of the energy of an average NYC building of the same size.
60–80% Energy Reduction
Bushwick Retrofit
A Passive House retrofit pilot project in Bushwick achieving significant energy savings.
50% Emissions Reduction
2033 Goal
A target to reduce emissions by 50% within a decade, with an additional 20% reduction in energy intensity.
- Seven Passive House standard projects completed, including Knickerbocker Commons and Mennonite United.
- Bethany Senior Terraces: fully-electrified PHIUS Passive House with rooftop solar array covering 100% common-area and ~80% of total building electricity.
- 1601 DeKalb affordable housing fully electric HVAC, designed to meet Enterprise Green Communities criteria.
2020 Plan
Racial Equity Initiative
Comprehensive Racial Equity Action Plan adopted in 2020, spanning 10 categories such as Organizational Culture and Governance.
12‑Member Group
Internal Representation
Established a 12‑member Racial Equity Working Group representing all five divisions and infrastructure.
3 Cooperatives
Graduated Programs
Worker Coop Academy (2020–21) graduated 3 cooperatives, including Black‑led and Queer/Trans‑Black/Brown coops.
- Launched Community Advisory Committee for community‑led input into decision‑making and program design.
- Financial investment in leadership, mentorship and professional development of staff of color.
- Gender‑related outcomes: Womxn‑led Beautifully Fed Food coop; Sisters 3 Tea family‑owned, predominately women operators.
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