Affordable Housing Comp
I’d be interested to see what the typical total comps are for those of us doing affordable housing development.
YOE:
Position:
Base Salary:
Bonus:
City:
Hours:
Etc
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Based on the most helpful WSO content, compensation in real estate development can vary greatly depending on the market, company, and the specific deal structure. For instance, one user reported a base salary of $85,000 with a bonus of around $5,000-$10,000, plus benefits such as 401K and health insurance.
However, another user mentioned a different structure, with a mediocre base salary, a 20% bonus, full benefits, cell reimbursement, company card, and a half a percent equity in every deal. Once they start running projects on their own, they'll also get benchmark bonuses and that equity percentage will go up.
It's important to note that these figures can vary widely across different markets, companies, and deal structures. It's all about what you value in a compensation package.
As for the hours, it wasn't specifically mentioned in the WSO threads, but typically, real estate development can involve long hours, especially when projects are in critical stages.
Remember, it's not just about the numbers, but also about the overall package and how it fits with your career goals and lifestyle. Keep swinging from those trees!
Sources: Q&A: Master of Real Estate, What is your compensation in Real Estate Finance?, Explain Affordable Housing?
Bump
I got offered a job in Minneapolis at a family office.
YOE: 0. College grad.
Position: Analyst
Base: $60k
Bonus: Not sure maybe $10k
City: Minneapolis
Hours: 40 maybe 50 when busy
Etc: etc. yeah
Lincoln ave?
No a small developer
YOE: 6
Position: Associate (bank lending)
Base: $150k
Bonus: $40k
City: New York
Hours: 40
YOE: 0 (out of school)
Position: Affordable Housing Underwriting Analyst (Agency Lender)
Base: $75k
Bonus: $20k
City: DC
Hours: 40
YOE: 2 in affordable housing financing, roughly 8 years in total (lateraled after a S&T job)
Position: AVP (bank lending)
Base: $175k
Bonus: $50k
City: Houston
Hours: 50-60 average
YOE: 0 (out of school)
Position: Affordable Housing Underwriting Analyst
Base: $85k
Bonus: $12k
City: Southeast
Hours: 40
How much do you think this guy makes?
https://www.linkedin.com/in/julio-e-arreola-6ab917121
$120k plus 15-20% or something
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