GENERAL DESCRIPTION

Working under the direction of the Housing Development Director, the Project Manager works as part of a team and is responsible for the development of new and existing permanent supportive housing and community development projects in Los Angeles and the surrounding area; overseeing projects from acquisition and entitlements, through design and construction and initial occupancy, and handing the project off once it is in operations. The essential duties of this position include, but are not limited to, the following:

ESSENTIAL DUTIES AND RESPONSIBILITIES

Manage all phases of development for new construction projects including conducting feasibility analysis, obtaining entitlement and local approvals, developing and maintaining proformas, securing all financing, and managing the design and construction phases.
Manage all phases of development for recapitalization projects including all refinancing all existing loans, developing rehabilitation scope; creating property budget and financing plan; securing all necessary financing and local approvals; and managing the construction and relocation process
Conduct all physical, financial and operational due diligence on properties during the acquisition, predevelopment and feasibility phases, working with various consultants to obtain necessary reports and studies.
Obtain any necessary Senior Management and Board of Directors’ approvals for projects.
Coordinate with internal departments (asset management, property management and resident services) before and during and after construction to ensure smooth tenant relations and transition to operations.
Serve as a contact person on project-related issues for all internal and external parties involved with the project, including internal departments, public and private lenders, local planning and building and safety departments, community groups and joint-venture partners.
Manage all aspects of project financing: Conduct financial feasibility analysis and identify funding sources and strategies; prepare all public and private loans, grant and subsidy applications and proposals to various private and public funding agencies for acquisition, predevelopment, construction and permanent financing as well as rental subsidies; secure commitments from any necessary funding sources; manage and coordinate all aspects of acquisition, construction and permanent financing escrow closings.
Manage the negotiation with lenders, investors, sellers, architects, contractors and consultants on legal agreements, loan documents and contracts.
Manage architects and contractors during design and construction phases; Oversee preparation of construction bidding and contract materials. Select and supervise all third party consultants.

Coordinate transition to operations; monitor property management and residents services and all related-parties during tenant selection and lease up.
Obtain all necessary approvals and permits from local planning and building and safety departments in order to begin construction.
Attend public agency workshops regarding financing and design requirements, as applicable to specific projects.
Represent the owner at all construction meetings and coordinate with local utility companies.
Supervise Assistant Project Manager.
Perform other duties as assigned by the Housing Development Director.

Qualifications

A graduate degree in a related field and two or more years of experience in real estate/housing development, finance, urban planning, architecture or a related field, or a Bachelor’s degree and three or more years’ experience in real estate/housing development, finance, urban planning, architecture or a related field.

Knowledge of affordable housing and real estate development and finance including key aspects such as land use and entitlement, property due diligence and acquisition, and site planning and design.

Interest in permanent supportive housing and passion for finding solutions to ending homelessness.

Understanding of local government financing and design approval processes.

Knowledge of and experience with loan packaging, public and private affordable housing resources, and subsidy programs;

Preference for experience in structuring and negotiating affordable housing transactions, which include public subsidies, low income housing tax credits and tax exempt bonds.

Individual must be able to take initiative and think critically under pressure with the goal of finding creative solutions to complex and technical problems. Individual must be able to work well with employees and colleagues at all levels.

Ability to effectively engage and present to community representatives, including persons with diverse economic and educational backgrounds, in the real estate and community development process.

Well-organized, detail oriented, and excellent analytical skills; Strong problems solving skills; good client and public presentation skills; and excellent oral and written communication skills.

Ability to read, analyze, and interpret financial reports, legal documents, and physical and operational assessments.

An entrepreneurial and creative approach to problem-solving in the field of real estate development; enthusiasm and team building spirit.

Proficient in Microsoft Office applications such as Outlook, Word, Excel and PowerPoint, and the ability to learn proper use of various software programs, as needed.

How to apply

Interested Candidates should submit resume and cover letter to jobs@skidrow.org