Morgan Stanley
Affordable Housing Finance Product Manager - Executive Director
$150K–$250K
New York, New York +8 · Hybrid · Director · Full-time · Posted Jul 24, 2026
- Location
- New York, New York
Chicago, Illinois
Colorado Springs, Colorado
Greenwich, Connecticut
Los Angeles, California
Salt Lake City, Utah
San Diego, California
San Francisco, California
Washington DC, District of Columbia - Experience
- 15+ years of relevant experience in affordable housing finance, private equity, multifamily real estate investment, asset management, credit, or portfolio management.
About the job
Leads Morgan Stanley’s affordable housing private equity product strategy and manages investments across the full lifecycle, from sourcing and underwriting to portfolio oversight and exits.
What you'll do
- Set product strategy and oversee sourcing, underwriting, approvals, and investment exits.
- Manage portfolio performance, risk, compliance, asset reviews, and relationships with fund managers, sponsors, and internal stakeholders.
- Present investment and portfolio matters to governance forums and lead staff supporting the product.
What they ask for
- Deep understanding of affordable housing finance, private equity fund structures, LIHTC investments, multifamily real estate underwriting, asset management, and portfolio risk management.
- Strong financial modeling, valuation, credit analysis, cash-flow forecasting, and investment performance assessment skills.
- Demonstrated experience managing investments across the full lifecycle.
- Experience with public-sector financing sources and regulatory frameworks, including LIHTC, HUD/FHA programs, tax-exempt bonds, and state and local housing programs.
Nice to have
- Established relationships with affordable housing industry participants.
- Experience leading teams, managing senior stakeholders, and working in a regulated financial institution or similarly complex investment platform.
Pay
USD $150,000 and $250,000 per year (base pay); USD $150,000 - $250,000 Yr. (salary range; base pay)
Tools
Microsoft Excel, PowerPoint, Word, Low-Income Housing Tax Credits, HUD/FHA programs
Model-written summary · the original posting is authoritative