Real Estate Development Project Manager
Position Title: Real Estate Development Project Manager
Program/Dept.: Real Estate Development
Supervisor: Director of Real Estate Development
FLSA Status: Exempt
Compensation: $75,000 – $92,000
Physical Strength: Light
Updated Date: November 8, 2021
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 Real Estate Development Project Manager is responsible for managing all activities related to Hacienda’s affordable housing and/or commercial and major capital improvement projects. The Development Project Manager will oversee multiple projects through the development process.
ESSENTIAL DUTIES AND RESPONSIBILITIES.
- Manage real estate and affordable housing development, capital improvement and sustainability projects from acquisition through conversion to permanent financing.
- Collaborate with internal Finance, Administration, Resident Services and Asset Management staff through the development process
- Supervise and coordinate internal project staff as applicable. Foster team collaboration, internal and external communications
- 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
- Analyze operations budgets and facility management plans for affordable housing and community based commercial real estate assets
- 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
- Develop detailed engagement plans and work with residents and community members to understand their housing and service needs and communicate development plans
- Garner community support from neighbors, local agencies and community leaders
- Deliver presentations of development projects to funders, boards and elected officials
- Prepare funding applications and grant proposals
- Manage closings of equity investments, construction period and permanent financing
- Procure general contractors and manage construction contracts
- Transition projects to the Resident Services and Asset Management Department
- Maintain a well-developed professional network
- Some occasional evening and weekend hours may be required for meetings or events, and to meet deadlines.
- Performs other duties and functions as necessary or as assigned.
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, sustainable building practices, resident services and closeout. 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 required.
- Experience with rural housing and economic development programs is desirable
- Experience with affordable multifamily and commercial operating budgets and real estate asset performance metrics is a plus
- Background in equitable development and working in a multicultural context is a plus.
KNOWLEDGE, SKILLS & ABILITIES
- Detail oriented while simultaneously evaluating the big picture and prioritizing appropriately
- Strong interpersonal and relational skills; communication and collaboration with team members, external partners, clients and the public
- Skilled at speaking in public hearings, community meetings and industry events
- Skilled Communicator; able to create and present engaging graphical and written material and verbal presentations tailored to specific audiences
- Tech savvy; experience working with cloud-based collaboration, analytics, project management and presentation software
- A high degree of independence, motivation and accountability
- Able to simplify complexity and move quickly from theory to action; strives for excellence, not perfection
- Knowledge of financing sources available for affordable housing
- Knowledge of asset and property management practices, operating budgets and real estate asset performance metrics
- Detailed understanding of LIHTC and bond financing, underwriting, due diligence 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
- 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.