Acquisition Associate

Catholic Charities Community Services•New York, NY

3d•$95,000 - $110,000

About The Position

Catholic Homes New York is dedicated to the belief that having a home is a sacred human right. Operating across 10 New York counties, we oversee a portfolio of approximately 3,000 affordable units and specialize in developing, constructing, and acquiring housing for families, seniors, and supportive populations. We are committed to the long-term stability of our communities by providing self-funded social services and actively growing our portfolio through new construction and strategic acquisitions. Role Summary: The Acquisition Associate will play a critical role in sourcing, evaluating, and executing mission-aligned real estate transactions. You will work directly with the CEO and Senior Development Team to build financial models, lead due diligence workflows, and structure partnerships.

Requirements

Bachelor’s degree in Real Estate, Finance, Urban Planning, or a related field.
Ability to build dynamic financial models from scratch.
Understanding of real estate finance fundamentals.
Strong written and verbal communication skills.
Ability to operate independently in a fast‑paced environment with limited supervision
Commitment to the mission of providing high-quality housing for low-income New Yorkers.

Nice To Haves

3-5 years of experience in affordable housing development or real estate finance.
Familiarity with NYC specific agencies and regulatory agreements.

Responsibilities

Financial Modeling & Underwriting:
Build and maintain complex acquisition pro formas including development budgets, operating expenses, and cash flow projections.
Model scenarios for various financing structures, including Low Income Housing Tax Credits (LIHTC), Tax-Exempt Bonds, HPD/HDC term sheets, the HUD 202 program, rent stabilization, and Federal, State, and City tenants' subsidies.
Prepare investment memos that succinctly summarize risks, mitigants, financial returns, and mission fit for the Catholic Homes Board.
Deal Sourcing & Pre-Development:
Evaluate existing buildings for acquisition and perform initial analysis.
Maintain a pipeline of off-market opportunities through relationships with brokers, property owners, parishes, and community partners.
Conduct market research, including sales comps, neighborhood rent comps, operating expense analysis, and demographic trends.
Due Diligence & Closing:
Manage the due diligence checklist, coordinating with third-party vendors and legal counsel.
Assist in the preparation of financing applications for public agencies (HUD, HPD, HFA, HDC).
Track critical dates, covenants, and contingencies to ensure timely closings.
Collaboration:
Act as a bridge between the Development, Asset Management, Social Services providers, and Property Management teams to ensure underwriting assumptions align with operational realities.
Engage with residents and local communities to guide property improvements and services, ensuring they genuinely address the needs and priorities of those we serve.