About SAA EVI
Since 1976, SA+A Development has worked with community leaders, government, and investment partners to rebuild neighborhoods and urban centers. Beginning with the completion of the first LIHTC deal in New York State, SA+A has spearheaded innovations in the creation of affordable housing.
Ernst Valery Investments Corp (EVI) is a private real estate investment firm established in 2001 and incorporated in 2004 with the purpose of investing in select underserved and undervalued key emerging domestic real estate markets.
In 2011, SA+A and EVI joined forces to become SAA EVI. SAA EVI holds the same mission and values as its constituent companies. That is, we are committed to developing and investing to achieve strong economic returns with mitigated risk while focusing on building healthy and stable communities that are characterized by multi-income, multi-ethnic, and multi-generational populations. We are dedicated to working with communities and business owners with a focus toward developments that build neighborhood value without displacement.
SAA EVI is active in multiple markets across the Northeast and Midwest. Since 2011, SAA EVI has acquired, preserved, or developed more than twenty-two projects. That consists of more than 4,000 units in seven States and the District of Columbia with a total combined cost of approximately $1.75B.
The Position
SAA EVI is seeking a Development Analyst to join the firm's Buffalo office. The analyst will assist with all tasks associated with real estate development on projects in SAA EVI's development pipeline and report directly to the Regional Head.
Responsibilities
Assist with all aspects of the development of affordable and market rate projects including structuring and securing financing, obtaining municipal approvals, assembling and coordinating development team activities, and overseeing construction management and project lease up.
Develop and maintain an understanding of state and federal funding programs and their requirements.
Assist in the completion of funding applications, including city and state Requests for Proposals (RFPs), Requests for Qualifications (RFQs), and applications to various capital funding sources, including but not limited to: 4% tax-exempt bonds, 9% Low Income Housing Tax Credits (LIHTCs), construction lenders, HUD, and other investors.
Organize, update, and maintain funding applications, development files, and SAA EVI's relevant organizational documents as needed.
Maintain predevelopment budget.
Help with underwriting and project feasibility.
Assist Developer with identifying potential deals.
Assist Developer and SAA EVI's Managing Partners as needed.
Qualifications
Master's degree in real estate, real estate development, or real estate finance OR up to three years of real estate development experience is required.
Proficiency in Microsoft Excel is required.
Prior experience relevant to affordable housing development preferred but not required.
Preference given to candidates with an understanding of New York State's affordable housing finance programs.
Demonstrated interest in housing policy, urban planning, and community revitalization is a plus.
Desire to work in entrepreneurial environmental that places an emphasis on high performance is a plus.
Compensation
Salary is competitive and commiserate with experience.