Job Opportunities – Bridge Street Development Corporation

JOB OPPORTUNITIES
AT BRIDGE STREET DEVELOPMENT

JOIN OUR TEAM AT BRIDGE STREET

At Bridge Street Development Corporation, we are always looking for passionate individuals who are committed to our mission of fostering community growth and empowerment. Join our dedicated team and make a meaningful impact in our community. Explore our current job openings and become a part of an organization that values innovation, collaboration, and excellence.

AVAILABLE
OPPORTUNITIES

1 Director of Asset Management

1 Real Estate Finance Manager

1 Community Outreach Coordinator — 202 Preservation Project

Director of Asset Management

Position: Director of Asset Management
Reports to: VP of Real Estate and Social Impact Projects
Employment Type: Exempt, Full-Time, In Office, 35 hours/week
Salary: $75,000—$90,000 Commensurate with Experience and Qualifications

Organizational Summary:
Bridge Street Development Corporation (BSDC) is an innovative and
progressive nonprofit community development corporation located in the historic Bedford-Stuyvesant community of Brooklyn. We build and sustain strong communities throughout Central Brooklyn where people of all incomes can achieve their full potential. All of Bridge Street’s programs and activities are designed to promote and advance financial empowerment, social justice, and racial equity.

Bridge Street primarily operates six distinct but interrelated Program Areas:
▪ Youth Civic Development / Workforce Development
▪ Older Adult Services
▪ Community Engagement, Organizing & Advocacy (Including Aid to Migrants and Asylum Seekers)
▪ Affordable Housing, Real Estate Development & Social Impact Projects
▪ Economic Development and Financial Empowerment
▪ Strategic Partnerships

These Program Areas have served as cornerstones of Bridge Street’s longstanding history of providing critically important, quality services to our community. Learn more about our work at Bridge Street Development at www.bsdcorp.org.

Position Summary:
The Director of Asset Management will oversee Bridge Street Development
Corporation’s diverse portfolio of affordable housing and commercial properties, ensuring alignment with the organization’s mission to build and preserve sustainable communities where people of all incomes can achieve their full potential. This role requires strategic oversight of asset performance, financial analysis, compliance monitoring, and oversight of partnerships and other key stakeholders, to ensure long-term sustainability and community impact while fostering innovation and progress across BSDC’s program areas.

PRINCIPAL RESPONSIBILITIES:
▪Portfolio Management. The Director will lead the strategic management of BSDC’s affordable housing and commercial property assets by developing and implementing asset management strategies to optimize the financial and operational performance of its real estate portfolio. This will include monitoring unit turnovers, lease-up of vacant units, tenant lease recertifications and renewals, rent collections and increases, annual inspections, oversight of the cure and removal of
building violations, and the handling of tenant work order requests and complaints.
▪ Financial Oversight. Analyze and track financial performance, ensuring each asset contributes to BSDC’s mission and financial sustainability. Oversee M&O budgeting, financial forecasting, variance reporting, financial audits and tax returns for the portfolio.
▪ Strategic Planning Input. Collaborate with BSDC leadership to align asset management initiatives with the broader mission of advancing financial empowerment, social justice, and racial equity. Assess opportunities for asset acquisition, redevelopment, and disposition in line with community
needs and financial goals.
▪ Compliance and Risk Management. Ensure compliance with local, state, and federal regulations, including housing standards and funding requirements. Develop strategies to manage risk and ensure the long-term sustainability of the housing assets.
▪ Community and Stakeholder Engagement. Foster strong relationships with tenants, community organizations, government agencies, and funding partners. Promote community engagement and support services that align with BSDC’s mission and objectives across all housing properties.
▪ Leadership and Collaboration. Lead and coordinate with property management agent and with funders and other professionals to foster a collaborative and high-performance culture to ensure operational excellence.
▪ Reporting and Analysis. Utilize data-driven insights to evaluate asset performance and inform strategic decision-making to enhance portfolio outcomes. Identify trends, risks, and opportunities for improvement. Prepare comprehensive reports and presentations for BSDC’s leadership and board of directors.
▪ Other duties as assigned.

QUALIFICATIONS:
▪ Bachelor’s degree in business, Finance, Real Estate, Urban Planning, or a related field; master’s degree preferred.
▪ Minimum of 7-10 years of experience in asset management, real estate, or affordable housing, with progressive leadership experience.
▪ A deep understanding of real estate finance, compliance, property management, and affordable housing programs and regulations.
▪ Additional proficiencies in various computer applications including Excel and advanced MS Office skills comprehensive databases, spreadsheets and word processing software.
▪ Excellent written, oral and interpersonal skills, ability to establish and maintain effective external and interdepartmental communications and relationships.
▪ Proven ability to communicate effectively with diverse stakeholders and foster collaborative work environments.
▪ Ability to manage multiple priorities and work effectively under pressure.
▪ Commitment to BSDC’s mission and values of social justice and racial equity.

Working Conditions:
This position requires in-person/in-office work at our Central Brooklyn office location, with flexibility for occasional site visits and attending community meetings.
▪ Occasional evening or weekend work required to meet organizational needs and community engagement activities.

Compensation:
Salary range of $75,000-$90,000 commensurate with qualifications and experience. Bridge Street offers comprehensive benefits that include medical, dental, vision insurance and a 403b retirement savings plan.

How to Apply:
Please submit a cover letter outlining their relevant experience, resume and three professional references to info@bsdcorp.org. Please submit all documents as PDFs and write “Director of Asset Management” in the subject line. Due to the high volume of applicants, only qualified candidates will be contacted. In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in
the United States.

Real Estate Finance Manager

Position: Real Estate Finance Manager

Department: Real Estate & Finance
Reports to: VP of Real Estate and Director of Finance
Employment Type: Exempt, Full-Time, In Office, 35 hours/week
Salary: $75,000—$90,000 Commensurate with Experience and Qualifications

Organizational Summary:
Bridge Street Development Corporation (BSDC) is an innovative and
progressive nonprofit community development corporation located in the historic Bedford-Stuyvesant community of Brooklyn. We build and sustain strong communities throughout Central Brooklyn where people of all incomes can achieve their full potential. All of Bridge Street’s programs and activities are designed to promote and advance financial empowerment, social justice, and racial equity.

Bridge Street primarily operates six distinct but interrelated Program Areas:
▪ Youth Civic Development / Workforce Development
▪ Older Adult Services
▪ Community Engagement, Organizing & Advocacy (Including Aid to Migrants and Asylum Seekers)
▪ Affordable Housing, Real Estate Development & Social Impact Projects
▪ Economic Development and Financial Empowerment
▪ Strategic Partnerships

These Program Areas have served as cornerstones of Bridge Street’s longstanding history of providing critically important, quality services to our community. Learn more about our work at Bridge Street Development at www.bsdcorp.org.

Position Summary:
The Real Estate Finance Manager is responsible for overseeing all financial aspects of Bridge Street’s affordable housing and commercial real estate portfolios. The Real Estate Finance Manager will also be responsible for all financial, financing and refinancing aspects of multiple real estate and economic development related projects, programs and initiatives. This role involves managing budgets, financial reporting, cash flow projections and project underwriting models, compliance, and the financial planning necessary to support the development and management of affordable housing and commercial real estate properties.

PRINCIPAL RESPONSIBILITIES:
Financial Planning and Budget Management: In consultation with the VP of Real Estate, Director of Finance, Director of Asset Management and Bridge Street’s Property Management Agent:

Develop and implement financial strategies to support Bridge Street’s affordable housing projects and ensure their financial viability and sustainability.
Develop and manage budgets for real estate development projects and ongoing property management operations.
Monitor and report on budget performance, identifying variances and recommending corrective actions as needed.
Work closely with the Director of Asset Management, project developers and other stakeholders to ensure the feasibility of underwriting and financial models and adherence to project development and operating budgets.

Project Financing and Compliance: In consultation with the VP of Real Estate, Director of Finance, and project developers:

Collaborate with lenders, investors, and government agencies to secure project financing.
Prepare and submit applications for grants, loans, and other funding opportunities to support new development projects, capital improvements, and other costs related to the development of real estate projects and property management.
Manage relationships with financial partners and oversee and ensure compliance with federal, state, and local regulatory and funding requirements, monitor development project expenses and the flow of funds, facilitate the timely processing of payment requests, and the draw down of approved sources funding for development projects.
Stay updated on changes in housing finance regulations and assess their impact on the organization and its real estate portfolio.
Financial Reporting: Prepare regular financial reports and presentations for senior management, board members, and external stakeholders.
Review Monthly Operating Reports (MORs) generated by Bridge Street’s Property Management Agent and work with the Director of Asset Management and the Property Management Agent to optimize the financial performance of existing properties.
In collaboration with the Director of Asset Management and the VP of Real Estate, analyze operational performance and recommend improvements to enhance revenue and reduce costs. Identify potential financial risks in housing projects and develop strategies to mitigate them
Ensure appropriate financial controls are in place and adhered to.

Collaboration and Stakeholder Management:

Collaborate with internal teams, including development, property management, asset management, and program management, to align financial strategies with organizational goals.
Build and maintain relationships with banks, investors, and financial partners.

Risk Management:

Identify financial risks in housing projects and develop strategies to mitigate them.

QUALIFICATIONS:
▪Minimum of 5 years of experience in housing finance, real estate finance, or a related field.
▪ Strong knowledge of affordable housing finance programs mechanisms, including tax credits, bonds, grants, and loans.
▪ Excellent financial modeling, analysis, budgeting, and forecasting skills.
▪ A deep understanding of real estate finance, compliance, property management, and affordable housing programs and regulations.
▪ Proficiency in fiscal management software (MIP) and Microsoft Office Suite.
▪ Excellent communication, negotiation, and stakeholder management skills.
▪ Additional proficiencies in various computer applications including Excel and advanced MS Office skills comprehensive databases, spreadsheets and word processing software.
▪ Excellent written, oral and interpersonal skills, ability to establish and maintain effective external and interdepartmental communications and relationships.
▪ Proven ability to communicate effectively with diverse stakeholders and foster collaborative work environments.
▪ Ability to manage multiple priorities and work effectively under pressure.
▪ Commitment to BSDC’s mission and values of social justice and racial equity.

How to Apply:
Please submit a cover letter outlining their relevant experience, resume and three professional references to info@bsdcorp.org. Please submit all documents as PDFs and write “Director of Asset Management” in the subject line. Due to the high volume of applicants, only qualified candidates will be contacted. In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States.

Community Outreach Coordinator — 202 Preservation Project

Position: Community Outreach Coordinator—202 Preservation Project

Reports to: 202 Preservation Project Director and VP of Real Estate
Employment Type: Exempt, Full-Time, In Office, 35 hours/week
Salary: $64,500—$70,000 Commensurate with Experience and Qualifications

Organizational Summary:
Bridge Street Development Corporation (BSDC) is an innovative and
progressive nonprofit community development corporation located in the historic Bedford-Stuyvesant community of Brooklyn. We build and sustain strong communities throughout Central Brooklyn where people of all incomes can achieve their full potential. All of Bridge Street’s programs and activities are designed to promote and advance financial empowerment, social justice, and racial equity.

Community Outreach Coordinator for our new 202 Preservation Project, a comprehensive effort to assist owners of HUD Section 202 senior affordable supportive housing to access the funding, technical assistance, and project management services they need to make capital improvements to preserve their properties. This is a great opportunity to establish working relationships with Bridge Street senior management, cross-functional teams, and a variety of stakeholders in the community all working toward contributing to the overall success of the 202 Preservation Project.

The Community Outreach Coordinator will play a key role in fostering relationships and organizing and managing outreach efforts to identify, inform, and solicit the participation of owners and managers of 202 properties to undertake capital improvement projects and energy retrofit upgrades to preserve their properties. This role requires strong organizational skills, excellent communication abilities, and a passion for community service. It involves coordinating with various stakeholders; managing administrative tasks; event planning and coordination activities and, working closely with other 202 Preservation Project team members to align outreach efforts to meet broader strategic goals and the development of the 202 Preservation Project.

PRINCIPAL RESPONSIBILITIES:
Outreach and Engagement: In collaboration with the Project team:

Develop and implement outreach strategies to engage 202 property owners and managers, community members, stakeholders, and partners.
Help organize and facilitate meetings, workshops, and events to raise awareness about the 202 Preservation Project and the project goals.
In collaboration with the 202 Preservation Project team of consultants coordinate logistics for community outreach events, including securing venues, developing and arranging for educational materials and presentations, recruiting volunteers, and other logistics to support each outreach event.

Project Coordination:

Assist in the planning and execution of project activities, ensuring timelines and objectives are met.
Coordinate with project team members and external partners to align efforts and resources.
Maintain project documentation, including reports, schedules, and contact lists.
Provide recommendations for enhancing community engagement strategies based on feedback from outreach event participants and data analysis.

Administrative Support: Provide high level administrative support to the project team director and senior management.

Responsibilities include managing schedules, handling correspondence and answering phone calls, gathering documents to prepare for and organize meetings, and maintaining records to ensure smooth operations and communications within the organization.
Prepare and manage correspondence with 202 property owners and managers, stakeholders and partners.
Perform database management, prepare project tracking reports in Excel and provide minor accounting duties.
Assist with the preparation of grant proposals and funding reports.
Help prepare and manage outreach materials such as brochures, flyers, and digital content, event supplies, and budgets to ensure efficient use of the 202 Preservation project’s resources.

Communication:

Develop and maintain relationships with and maintain database of contact information for local property owners and managers, government agencies, NGOs, community leaders and other stakeholders.
Monitor 202 Preservation Project website portal and provide regular updates to the website as well as coordinate with the Project team in providing stakeholders and the general public with updates on the 202 Preservation Project’s progress through newsletters, social media,
and other channels.
Serve as a point of contact for inquiries about the 202 Preservation Project.

Research and Reporting:

Assist Project team in conducting research related to preservation best practices and potential funding sources.
Compile and analyze data to evaluate the impact of outreach efforts.
Prepare reports summarizing project progress and outcomes.
Perform other duties as required.

QUALIFICATIONS
▪ Bachelor’s degree in business related field, communications, marketing, or a related field.
▪ Previous experience in project coordination, community outreach, or a similar role.
▪ Excellent written, verbal, and interpersonal communication skills.
▪ Additional proficiencies in various computer applications including Excel and advanced MS Office skills comprehensive databases, spreadsheets and word processing software.
▪ Excellent written, oral and interpersonal skills, ability to establish and maintain effective external and interdepartmental communications and relationships.
▪ Proven ability to communicate effectively with diverse stakeholders and foster collaborative work environments.
▪ Ability to manage multiple priorities and work effectively under pressure.
▪ Commitment to BSDC’s mission and values of social justice and racial equity.

Working Conditions:
▪ This position requires in-person/in-office work at our Central Brooklyn office location, with flexibility for occasional site visits and attending community meetings.
▪ Occasional evening or weekend work required to meet organizational needs and community engagement activities.

Compensation: Salary range of $64,500-$70,000 commensurate with qualifications and experience. Bridge Street offers comprehensive benefits that include medical, dental, vision insurance and a 403b retirement savings plan.

How to Apply: Please submit a cover letter, resume and three professional references to info@bsdcorp.org. Please submit all documents as PDFs and write “Community Outreach Coordinator—202 Preservation Project” in the subject line. Due to the high volume of applicants, only qualified candidates will be contacted. In compliance with federal law, all persons hired will be required
to verify identity and eligibility to work in the United States.

Bridge Street Development Corporation is an equal opportunity employer committed to fostering, cultivating and preserving a culture of diversity and inclusion. Through our diversity and inclusion policy, we seek to create a positive work environment where all employees can reach their full potential and maximize their contributions.