Affordable Housing Development Project Manager
Position Title: Affordable Housing Development Project Manager
Program/Dept.: Real Estate Development
Supervisor: Director of Real Estate Development
FLSA Status: Exempt
Physical Strength: Light
Updated Date: November 3, 2020
Hacienda CDC is a Latino Community Development Corporation that strengthens families by providing affordable housing, homeownership support, economic advancement and educational opportunity.
Under the direction of the Director of Real Estate Development, the Affordable Housing Development Project Manager is responsible for all activities related to Hacienda’s affordable housing developments. The Development Project Manager will oversee multiple projects through the development process. Projects vary in scale from small to more complex and challenging within the development group’s pipeline.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
- Analyze the financial structure and underwriting of development projects, to determine if a project is feasible on the site
- Prepare proformas and other key real estate analytics
- Deliver presentations of development projects to boards, elected officials, and community members
- Evaluate the suitability of potential building sites for affordable housing including title, environmental, zoning, access and buildability.
- Assemble the development team including design team, contractor, consultants, service providers and property manager
- Manage the design and engineering of the project
- Process land use approvals such as zoning requirements, permit submittals, public hearings and compliance with conditions of approval
- Garner community support from neighbors, potential future residents, local agencies, and elected officials
- Prepare funding applications and grant proposals
- Close all construction period financing
- Procure general contractors and manage construction contracts for housing developments
- Work with residents and homeowners to understand their housing and service needs
- Coordinate with Resident Services and Asset Management staff regarding lease-up and occupancy
- Close permanent financing, and transition the project to the Asset Management Department
- Maintain a well-developed professional network
Ability to perform the essential job duties with or without reasonable accommodation and without posing a direct threat to safety or health of employee or others. To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential duties.
EDUCATION AND/OR EXPERIENCE
- Minimum Bachelor’s degree or equivalent experience is required. Master’s degree preferred. A degree in one or more of these areas is preferred: Real Estate Development, Finance, Accounting, Public Administration, Economics, Construction Management, Urban Planning, Architecture, Engineering.
- One year of experience in project management that includes planning, design, development and/or financing of real estate is required. Three or more years of related project management experience is preferred.
- Must have at least one year of experience in affordable housing projects that includes all phases of development: finance, real estate transactions, acquisition, entitlements, community engagement, design, construction, resident services and closeout/transfer to asset management. Three or more years of related affordable housing development experience is preferred.
- Experience preparing proposals, grant applications, loan and Low-Income Housing Tax Credit applications preferred.
- Background in equitable development, sustainability and working in a multicultural context is a plus.
KNOWLEDGE, SKILLS & ABILITIES
- Detail oriented while simultaneously evaluating the big picture and prioritizing appropriately
- Able to simplify complexity and move quickly from theory to action; strives for excellence, not perfection
- Knowledge of financing sources available for affordable housing
- Detailed understanding of LIHTC and bond financing, underwriting, and accounting procedures
- Understanding of core project management concepts such as work flows, process improvement, resource allocation and critical path timelines
- Ability to quickly learn the local approval and entitlement process
- Ability to effectively select and manage project consultants during pre-construction and construction phases
- Ability to prepare and analyze proforma financials for low income multifamily housing developments
- Skilled at speaking in public hearings, community meetings and industry events
- Ability to coordinate financial closings with various lenders, investors and agencies
- A high degree of independence, motivation and accountability
- Strong interpersonal and relational skills; communication and collaboration with team members, external partners, clients and the public
- Able to display empathy, observe and listen effectively with diverse populations
- responsive to coaching
- Able to develop and maintain positive professional working relationships with peers, public and private lenders, etc.
- Possesses intellectual curiosity, critical thinking and analytical skills including the ability to correctly analyze opportunities and risks
- Strong organizational skills; ability to multi-task in a fast-paced work environment with time-sensitive material
- Holds a strong work ethic, yet embraces work-life balance and self-care with a long-term view toward sustainability within the position and organization
Must have excellent English verbal, written and oral communication skills including well-developed public speaking and presentation skills. Able to succinctly and effectively explain concepts and plans.
The ability to speak, write, and understand Spanish is a plus, but not a requirement for the position.
Job requires specialized computer skills including MS Word, Excel, PowerPoint, Outlook. Must be adept at using various applications including database, spreadsheet, report writing, online research, project management, word processing, and presentations; cloud-based team collaboration applications, file sharing, and on-line communication.
CERTIFICATES, LICENSES, REGISTRATIONS
Valid Driver’s License and access to car is required for local travel to construction sites and a variety of appointments and meetings.
Professional licensure or certification in real estate, accounting, project management architecture, engineering or sustainability is a plus.
Position is sometimes sedentary, but also requires mobility to client and partner sites and office headquarters; dexterity necessary to operate a computer with substantial repetitive motion of wrists, hands, and/or fingers; the ability to lift up to 20 pounds occasionally; the visual acuity to read and prepare/analyze data and figures; ability to express/exchange ideas by means of the spoken word; perceive the nature of sounds at normal speaking levels with or without correction; majority of work performed indoors, with periodic visits to potential project sites, construction in progress, or existing developments.
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines. The noise level in the work environment is usually quiet to moderate.
Note:This job description is intended as a guideline only and does not limit in any way the duties or responsibilities of any employee. Nothing herein shall be construed as a contract of employment, expressed or implied. All employment is terminable at will, with or without cause.