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Job Title : Development Associate(NRP Investments)
Date Posted : January 16, 2020
Type :

Description :

NRP Investments, LLC, founded in 1994, is a full-service developer, general contractor, and property manager of multifamily, senior, and student housing throughout the United States. From start to finish, every development NRP Group works on is carefully contemplated and executed to maximize investment return cost efficiency, productivity and satisfaction. NRP Investments, LLC is recognized as a three-time recipient of the National Association of Builders Multifamily Development Firm of the Year and has been consistently ranked one of the Top 25 Developers by Multifamily Executive.  Currently, NRP Investments, LLC has assets and operations in Ohio, Texas, North Carolina, Virginia, Florida, Michigan, Indiana, Pennsylvania, Maryland, New Jersey, New York, and Massachusetts. Visit www.NRPGroup.com for more information. 

The NRP Group is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.  All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.

NRP Investments LLC is currently seeking a Development Associate for the NY Region. 

Position Summary 

Under the direction of the regional VP of Development, the Development Associate executes the multifamily real estate development strategy for affordable housing projects in the greater New York City area (NYC, Westchester, Long Island, Rockland County). The role is for an entrepreneurial person with a passion for development who is a self-starter, can work independently, and has a passion and drive for affordable housing development. The individual will have significant autonomy to source and execute on NYC area LIHTC opportunities. As such the individual must demonstrate a strong understanding of the competitive features of the QAP. Existing relationships with personnel within relevant municipalities / agencies is a plus, but a desire to form and strengthen those relationships is essential.

Essential Functions of the Candidate:

• Manage and maintain a pipeline of land for new development. Individual is expected to source and manage up to three (3) viable projects per year through the 4% and 9% funding cycles.
• Review, gain, and maintain thorough comprehension of the QAP.
• Identify, originate, execute, lead and manage all aspects of LIHTC multifamily development (pre-construction) in the identified target markets. Develop, manage, nurture relationships with land owners, brokers, and other deal source networks.
• Maintain productive relationships with architects, attorneys, engineers, government officials, vendors and community partners to originate and execute multifamily projects.
• Collaborate with project team to prepare timely submission of low income housing tax credit (“LIHTC”) applications to state agency.
• Manage public approvals process for proposed developments. Lead zoning entitlements and site plan approvals for development projects.
• Demonstrate a clear understanding of the application schedule and pre-submission milestones needed for successful application.
• Engender trust and respect of partners (both for-profit and nonprofit), L.P.’s, consultants, and third-party professionals to create responsive and effective partnerships.
• Attend specific LIHTC industry committee meetings and training seminars to solidify relationship with housing finance agencies and keep abreast of changes / opportunities.
• Ensure that colleagues on the development team are completing their project-related tasks in a timely manner, according to the project timeline.
• Work with regional V.P. of Development to formulate strategy for each project, make recommendations on future project pursuits. Assist regional V.P. of Development with creation of development budgets for future projects.

Experience: 3-5+ years of multifamily real estate development experience along with knowledge of development best practices. Specific experience with 9% LIHTC application and execution required.

Technical Skills: Proficient in Excel, PowerPoint; knowledge of Timberline software a plus

Other Requirements: Demonstrated ability to create and execute successful projects completed on or ahead of schedule, on budget, with high quality and significant community impact. Strong negotiating and internal/external collaboration skills as well as sound political judgement.

To apply contact Alyson Sarosy at asarosy@nrpgroup.com, or to apply online go to:

https://www.nrpgroup.com/Home/JobDescription?referenceCode=2165&title=All&type=All&city=All&state=NY&office=All&careerArea=All


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