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. At Fairstead, we believe affordable housing should be thoughtfully designed, professionally managed, and responsibly operated. We seek to create and preserve housing that serves residents while delivering long-term value to communities, partners, and stakeholders. Fairstead challenges industry norms through our tech-forward, entrepreneurial approach to affordable housing. In addition to core real estate capabilities, we operate innovative service lines designed to improve resident outcomes, strengthen communities, and drive operational efficiency. We embrace digital transformation, data-driven decision-making, and emerging technologies, including AI, to build scalable systems that support sustainable growth, grounded in a culture of entrepreneurship, innovation, partnership, dedication, and integrity.    The Developer, Development, Affordable Housing, supports all aspects of affordable housing acquisitions, rehabilitation and development (Section 8, Pubic Housing, LITHC, etc.) in core markets across the US. The Developer will report to development leadership. 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, prepare and present investment materials to development leadership Compilation of due diligence information including financial, market, site, and regulatory data Order and review third-party reports, including plan and cost reviews and environmental reports, and discuss any pertinent issues with the appropriate parties. Coordinate and lead community meetings and governmental approval processes Manage project pro formas including budgets, schedule, timing, and underwriting assumptions. Completion of applications and documentation necessary for debt and equity financing, property purchase and sale, and government subsidy renewal. Support detailed analyses of project schedule delays, cost overruns, productivity, contracts, change orders and other issues related to design and construction. Involvement in contract negotiation and review of legal documentation for each project. Validation and support of budgets, assumptions, and pro-forma analysis. Build, coordinate and...