Development Program Manager

Oakland Housing Authority•Oakland, CA

1h•$141,488 - $164,083•Onsite

About The Position

The Development Program Manager (DPM) is primarily responsible for overseeing and managing the negotiations, planning, pre-development, construction, completion, conversion, monitoring and compliance of third-party Developers for a range of affordable housing projects that are recipients of OHA funding. The DPM is also instrumental in policy development as well as the creation and execution of new affordable housing production initiatives and programs.

Requirements

A bachelor’s degree, with a major in urban planning, business administration, real estate, architecture, or a closely related field and three (3) years of progressively responsible experience in the field of affordable housing development involving program development, budget, financing, land acquisition, construction, rehabilitation, real estate, or related disciplines.
OR A master’s degree, with a major in urban planning, business administration, real estate, architecture, or a closely related field and one (1) year of progressively responsible experience in the field of affordable housing development involving program development, budget, financing, land acquisition, construction, rehabilitation, real estate, or related disciplines.
Must possess and maintain a valid California driver’s license and an insurable driving record.
Knowledge of principles, practices and methods of public and business administration.
Knowledge of feasibility analysis of affordable multifamily rental and mixed-use projects.
Knowledge of affordable housing financial analysis.
Knowledge of project management and quality control.
Knowledge of real estate principles.
Knowledge of financial modeling and budget preparation.
Knowledge of affordable housing new construction or rehabilitation means and methods.
Knowledge of design and development considerations for housing for low-income families, seniors and/or persons with special needs.
Knowledge of real estate acquisition.
Knowledge of construction management.
Knowledge of Low Income Housing Tax Credit and bond financing.
Knowledge of State of California affordable housing financing programs.
Knowledge of applicable laws and regulations.
Ability to interpret and apply rules and regulations.
Ability to perform project financial feasibility analyses.
Ability to monitor budgets, identify constraints and analyze variances.
Ability to analyze complex data, evaluate alternatives and make recommendations.
Ability to manage several initiatives, responsibilities and projects simultaneously.
Ability to negotiate favorable outcomes with vendors.
Ability to compose clear, concise reports, memoranda and correspondence, represent the Authority effectively in meetings with individuals and foster positive relationships with those contacted in the course of the work.
Ability to represent the Office of Real Estate Development effectively, both verbally and in writing, before the Agency’s Board of Commissioners.

Nice To Haves

Bilingual Skills: ASL, Mandarin, Cantonese, Vietnamese and/or Spanish are a plus.

Responsibilities

Assists with initiation and evaluation of new development opportunities.
Identifies potential project sites and performs due diligence analyses related to the acquisition of property.
Performs economic and non-economic feasibility analyses for new projects under consideration.
Conducts due diligence tasks to safeguard the Agency’s investments and corporate integrity.
Performs outreach duties and public relations work as needed.
Attends neighborhood and community meetings.
Acts as liaison between the Agency, its consultants, vendors, partners and the community.
Reviews, analyzes, and underwrites Developer requests for acquisition, gap funding, and/or capitalized operating reserves.
Prepares and monitors development and construction budgets.
Processes requests for payment and monitors costs related to design and construction.
Processes vendor invoices.
Prepares and presents staff recommendations in response to Developer funding requests to the Agency’s senior leadership and Board of Commissioners.
Negotiates funding terms and legal agreements with Developers; organizes, coordinates, documents and facilitates project loan closings.
Processes requests for Developer draw requests and monitors costs.
Conducts due diligence to safeguard the Agency’s investments and corporate integrity.
Drafts and manages new prospective project solicitations through a competitive and compliant Request for Proposals process.
Solicits and coordinates the work of partners, services providers, and vendors such as legal, finance, and technical consultants through RFP, RFQ and other available competitive means.
Assists with drafting and negotiation of contracts and contract forms, and monitors contract compliance.
Drafts and manages the Agency’s process to award project funding through a competitive and compliant Notice of Funding Availability.
Oversees all aspects of third-party Developer projects where the Agency has contributed acquisition funding, gap funding and/or operating subsidy to ensure the Agency’s interests and investments are protected.
Manages transaction closings of third-party Developer projects including close collaboration with agency legal counsel to draft, negotiate and facilitate all internal approvals prior to acquisition, construction, and permanent closings, as applicable.
Prepares regular project activity reports, memoranda, and resolutions for senior leadership, the Board of Commissioners, and the US Department of Housing and Urban Development.
Prepares, updates, and adheres to project timelines and schedules.
Performs site inspections.
Manages the refinancing and all aspects of predevelopment and rehabilitation of affordable housing properties owned by OHA and its affiliates.
Manages Year 15 Low Income Housing Tax Credit buy-out negotiations with project owners where the Agency has the Option and Right of First Refusal to purchase the limited partner’s ownership interest.
Participates in interdepartmental program initiatives.
Meets with and reports to the Chief Officer of Real Estate Development on a regular basis to discuss issues associated with the development process.
Attends Agency and affiliate Board meetings as required.
Collaborates with staff who manage the interdepartmental handoff process to ensure the successful transition of completed projects to asset management or operations, as required.
Supports the financial review and underwriting process for Developer requests for new allocations or renewals of Section 8 Project-Based Vouchers.
Manages intradepartmental program development work that entails new forms of affordable housing project investment by the Authority.
Coordinates with external public agencies on the development and processing of Notice of Funding Availability.
Participates in City/County policy planning and advocacy efforts.
Coordinates tasks to collaborate with the City of Oakland Housing and Community Development Department’s on housing development financing in Oakland.
Performs other related duties as required.