Those who work in affordable housing development, are the salaries much lower than in other CRE development?
Are there ways to work in affordable housing and still make good money?
[{"id": "j045axp", "text": "Depends on for profit or non profit.\n\nProject manger is the typical path\n\nNon profit:\n\nAssistant pm: 45-65k\nPm: 70-85k\nSenior pm: 90-110k\n\nIdk about bonuses. \n\nFor profit basically move everything up by like 10-15k. Then add a 7-10% bonus. Then potentially project based incentives and at a certain point ownership (fractional). After that, your total income is kinda just like really dependent on where you work. \n\nThere is very big money behind affordable housing. There are nonprofits that pay their VPs 300k+. Others, not much. It's honestly a wide potential range. I'm in for profit and have worked in non profits. It's largely the same work but the non profit has the added equity component that can be very demanding with an already stressful job. \n\nHappy to answer other questions\n\nEdit: there's a large demand for project managers right now. It's also anti cyclical to an extent bc (unfortunately) when the economy goes south, folks need cheap places to live and demand goes up. That said, the need is immense. It's NOT easy work. The finance is dumb complex bc your working with every state and federal agency that will give you cash. The politics is intense. Your still competing in the same cost markets. The debt instruments can get wonky fast.", "replies": [], "depth": 1}]