Transition from Infrastructure Development to Residential
Hi all, 

As the title suggests, I currently work for a small (20 person) Infrastructure development firm on the west coast. I'm interested in transitioning to residential or commercial development. 

I was wondering if anyone on this thread has done a similar switch or would be able to give some insight as to how difficult it may be and what I can expect. 

For example our developments consist of university buildings, airports, affordable housing. My responsibilities range from building out pro formas to construction management tasks. I know it may not translate to residential development but would love any insight. 

&amp;#x200B;

Thanks!
[{"id": "ixirl2v", "text": "Residential is going to be hosed for the next few years and government clients in infrastructure projects sounds like job security to me.", "replies": [{"id": "ixirqts", "text": "Would infra experience be a hinderance if I were to switch in a few years?", "replies": [{"id": "ixiy3v9", "text": "I would say no. Infrastructure can be very niche and require a lot more knowledge than Resedential development. Overall development process is fairly similar but one is building 300 identical floor plans versus something like an airport", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "ixithen", "text": "If you do affordable housing, it sounds like you already do residential development, no? I don't see why your current experience would hold you back in any way. Have you tried interviewing yet? Any feedback from that?", "replies": [{"id": "ixitwr5", "text": "Have only done a handful of affordable housing projects, but enough to talk about confidently. Haven't started interviewing, was just curious since the majority of infra deals differ so much from a standard resi development.", "replies": [{"id": "ixiutku", "text": "Gotcha. I mean it sounds like you do a lot of Bond deals. I'd look on that favorably if I were hiring. Make sure to tout your most successful projects.", "replies": [{"id": "ixj10u5", "text": " \nCan you expound on what Bond deals are and how they work?", "replies": [{"id": "ixjcmlu", "text": "Yeah um. Development involving the issuance of tax exempt debt. \nVarious quasi-govt agencies can issue debt in the form of bonds to fund projects associated with their purpose. \nFor a specific example, NYS HCR is the New York State Homes and Community Renewal agency. They issue bonds to developers to fund the preservation and development of affordable housing in the State of New York. Those developers seek out private placement of those bonds to banks. Essentially the states are onboard to back the full faith and credit and therefore the debt is much less risky (cheaper).", "replies": [{"id": "ixjd0qc", "text": "Thank you \ud83d\ude4f\ud83c\udffe", "replies": [], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}]