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Our Housing Real Estate Development (HRED team is seeking an individual to fill the position of Project Manager in our multifamily division. Primary job responsibilities will be to plan, coordinate, implement and manage all activities related to the new construction or rehabilitation of existing affordable housing communities currently owned by CHW or potential new acquisitions. Candidates must have experience financing affordable housing with Low Income Housing Tax Credits, HOME, CDBG and other local, state and federal financial sources, experience in due diligence, leading architectural and engineering design teams, construction, and coordination with other CHW teams. This position reports to the Vice President of Development ("supervisor").
Role & Responsibilities:
- Work with supervisor and senior team to successfully implement a development program for renovation or new construction, applying CHW design and construction standards
- Manipulate and manage project proforma that has been developed by Director of Project Finance and/or Senior Project Manager, and perform financial feasibility and sensitivity analyses.
- Prepare and monitor project budgets, cash flow projections and project schedules.
- Plan, implement and review all financial and physical due diligence needed to safeguard the organization's investments in real estate and corporate integrity, including surveys, title reports, Phase I and II environmental studies, market studies, rent comparable studies, energy studies.
- Responsible for obtaining planning approval and all construction permits and approvals, and all wet and dry utility plans and approvals.
- As assigned, represents the agency to stakeholders and the general public. With supervisor and senior team, strategizes and plans outreach to garner community support for projects.
- Prepares presentations including Power Point, attends and participates in community and government agency meetings as assigned and needed.
- Research and secure funding sources to support construction and permanent loan phases for development.
- Prepares and submits funding applications including CDLAC, CTCAC, local funding programs, California HCD programs, and HUD project based Section 8 contract applications.
- Coordinates finance closings.
- Implements the hiring of third party development team members and contract consultants appropriate to the subject project, subject to direction by Supervisor and approval by Senior Vice President of Housing and Real Estate Development.
- Strategizes and participates with supervisor in the negotiation, coordination and preparation of various development-related contracts.
- In consultation with supervisor, seek legal review as needed. Manage budgets for legal assistance for individual project to minimize risk to the Agency and secure project financing.
- In conjunction with supervisor and senior team, coordinate design process and develop operating budgets with Asset Management and Property Management company staff, needs and criteria.
- On a day-to-day basis, manage the work of professional design, development and construction teams including architects, general contractors, engineers and other consultants, to ensure adherence to project budget and schedule, cost containment and quality control. Resolve related problems and concerns. Conduct and arrange regular construction site inspections and construction draw meetings. Personally inspect active construction projects not less than two times a month.
- With Project Accountant, monitors project accounting and oversees contract payments and draws, lender and funder reporting requirements in a timely manner.
- As required by Supervisor, prepares Investment Memo and progress reports to supervisor for review and use by the senior team, board of directors, board committees, and others as needed. Presents project issues as directed at Internal Review Committee (IRC).
- Coordinate the lease up and transfer process with Asset Management and Achieve (resident services department) staff.
- Supervise and develop one employee (Assistant or Associate Project Manager). Develop learning plans and manage day-to-day tasks.
- Other tasks as assigned related to real estate development, policy development, organizational budgets, planning and administration.
Education and Experience:
- Bachelor's degree in urban planning, public administration, business, real estate or related field required; Master's degree preferred.
- Experience in real estate development of income producing properties, preference with multifamily. Understanding of development terminology, design, entitlements and permits, construction, finance and budgeting.
- Experience with low-income housing tax credit financing.
- A minimum of four years of experience on projects with a real estate development firm or related business.
- Experience with lender or investor organizations can be substituted for partial experience.
- Experience with development and/or finance of permanent supportive housing a plus.
- Experience with occupied rehabilitations a plus.
- Desired Qualifications: Spanish language ability a plus.
Physical Abilities:
The physical abilities to perform tasks may require prolonged sitting, standing and/or moving.
Moves throughout the office spaces, outdoor spaces and building to access areas of resident services.
Moves equipment weighing between 20-35 pounds without assistance. Moves more than 35 pounds with assistance.
Moves through outdoor spaces of varying levels and textures including uneven ground. May have to move around active construction sites and follow the site-specific safety protocol.
Work Environment:
The noise and climate level in the work environment varies depending on the work site, including outdoor work environments. Reasonable accommodations may be made to enable individuals with different abilities to perform the roles and responsibilities of this position.
This role requires working at different sites and in areas at varying degrees of distance.
Compensation:
It may vary based on skills, experience and qualifications
$100,000 - $118,450
This position is eligible for an annual bonus for up to 15% of the annual salary
Benefits:
CHW offers employees generous benefits, including:
- Medical, Dental and Vision Plan
- 401(K) with company matching contributions
- Life Insurance, Short- and Long-Term Disability
- FSA (Flexible Spending Account)
- Responsible Time Off (RTO)
- 12 Paid holidays
- Hybrid Workplace
- Wellness and Work Life Balance
- Opportunities for Professional Development
- EAP (Employee Assistance Program)
- Free Gym Access
- Paid Time Volunteer Opportunity
- Company-Wide Events
- Diversity, Equity and Inclusion
Community HousingWorks is an equal opportunity employer and is committed to creating a diverse and inclusive company culture, CHW does not discriminate against candidate and employees because of their disability, sex, race, gender identity, sexual orientation, religion, national origin, age, veteran status, or any other protected status under the law. |
Community HousingWorks
$100,000 - $118,450
life insurance, flexible benefit account, paid holidays, 401(k)
Feb 03, 2025