Job Description:
The Housing Real Estate Development (HRED) team is seeking an individual to fill the position of Project Manager in the multifamily division.
Position Overview:
The Project Manager will plan, coordinate, implement, and manage all activities related to the new construction or rehabilitation of existing affordable housing communities. Candidates must have experience financing affordable housing using Low Income Housing Tax Credits (LIHTC), HOME, CDBG, and other local, state, and federal funding sources. Experience in due diligence, architectural and engineering design coordination, construction management, and interdepartmental collaboration is essential. This position reports to the Vice President of Development.
Role & Responsibilities:
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Work with leadership to implement development programs for renovation or new construction projects following organizational design and construction standards.
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Manage and update project proformas and conduct financial feasibility and sensitivity analyses.
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Prepare and monitor project budgets, cash flow projections, and schedules.
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Plan and conduct financial and physical due diligence, including surveys, title reports, environmental studies, market and rent analyses, and energy studies.
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Obtain planning approvals, construction permits, and utility approvals.
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Represent the organization to stakeholders and the public; assist with community outreach to build project support.
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Prepare presentations and attend community and agency meetings as needed.
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Research and secure funding for both construction and permanent loan phases.
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Prepare and submit funding applications (e.g., CDLAC, CTCAC, local funding programs, California HCD programs, HUD Section 8).
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Coordinate financing closings.
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Manage the hiring and contracting of third-party consultants, including architects, engineers, and contractors.
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Participate in negotiating and preparing development-related contracts.
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Coordinate with legal counsel and manage project-specific legal budgets.
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Work with internal teams to develop operating budgets and coordinate the design process.
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Oversee the daily work of design, development, and construction teams to ensure adherence to budget, schedule, and quality standards.
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Conduct site inspections at least twice monthly and participate in construction meetings.
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Collaborate with accounting staff to monitor budgets, payments, and compliance reporting.
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Prepare investment memos and progress reports for senior leadership and board review.
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Coordinate lease-up and project transfer activities with internal departments.
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Supervise and develop one direct report (Assistant or Associate Project Manager).
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Perform additional duties as assigned.
Education and Experience:
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Bachelors degree in Urban Planning, Public Administration, Business, Real Estate, or a related field (Masters degree preferred).
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Minimum of four years experience in real estate development, preferably multifamily housing.
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Knowledge of development processes, design, entitlements, permitting, construction, finance, and budgeting.
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Experience with Low-Income Housing Tax Credit (LIHTC) financing.
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Experience with lender or investor organizations may substitute for part of the required experience.
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Experience with permanent supportive housing and occupied rehabilitations is a plus.
Desired Qualifications:
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Spanish language ability a plus.
Physical Abilities:
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Ability to sit, stand, and move for extended periods.
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Move within office spaces and construction sites as needed.
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Lift and move equipment weighing 2035 pounds without assistance; over 35 pounds with assistance.
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Navigate uneven terrain and active construction areas while following safety protocols.