Affordable Housing vs Project Finance?
I'm looking at two opportunities at two similar BB banks:
1. Affordable Housing Lending - the bank provides on balance sheet lending to projects, LIHTC investor, etc.
2. Project Finance - typical project finance group
At the junior level, pay should be the same. Both groups definitely interest me. I've always thought real estate development would be such a cool career and apparently people in this affordable housing group often leave for developers for more money. I've read that if you can do LIHTC deals, you can pick up on market rate deals pretty easily.
I have a sneaking suspicion (but I don't know this) that project finance could be more pay later in your career. I also get the sense this group would be more intense/longer hours and more modeling for sure. I think the projects are super interesting also.
I kind of doubt anyone has experience with *both* of these fields, but if anyone had any comments on either it would be greatly appreciated!!
No question project finance.
Just curious what your reasoning is here?
I had a friend who go pigeon holed into Affordable housing. And eventually jumped, but had a hell of a time networking.
From my experience a Project finance gives you a wider scope in projects you work on and will give better modeling skills. Thus also giving more optionality later down the road.
100% PF. No doubt.
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