Switching to affordable development worth it? or does it pigeonhole you?
Upcoming interview for a MF Dev associate.. sounds like exactly the experience I'm hoping to get but with a mostly-affordable developer. I'm not sure I will get many opportunities otherwise in the current job market so I want to take it seriously, but can't stop wondering if it's a long-term bad move if I don't want to be stuck in the affordable space? Is it common to switch back to market/luxury after doing all affordable? Is the pay significantly worse?
Depends on the type of projects. If it’s section 8 or something it’ll probably pigeonhole you, but if it’s a NYC luxury building where 10-20% of the building is affordable and you fill them through the housing lottery it won’t pigeonhole you for other Multifamily development shops. But it will pigeonhole you from going to a generalist shop or a different specialized developer (industrial, office, etc)
So you're saying to avoid affordable all together? Even if the job experience itself is what I'm in search of?
Nope not saying that. I’m just outlining where your experience would be transferable and where it wouldn’t be. Plenty of people like affordable and want to work in affordable for their entire career
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