Project Manager I

A COMMUNITY OF FRIENDS • Los Angeles, CA

6d • $85,000 - $100,000

About The Position

Under the direction of the Assistant Director of Housing, the Project Manager I is responsible for all activities related to the development of affordable multifamily housing developments.

Requirements

• Minimum two (2) years of experience as an Assistant Project Manager for affordable housing development or equivalent position or one (1) year as a Project Manager managing low-income housing tax credit projects.
• One (1) year experience preparing proformas for LIHTC financed, multifamily housing developments.
• Experience with at least two construction financing closings or permanent loan conversions for tax-credit financed, multifamily developments.
• Excellent written and verbal communication skills.
• Proficiency in Microsoft Office Software (Word, Excel, PowerPoint) and Adobe Acrobat.
• Working knowledge of financing sources available for affordable housing.
• Minimum two (2) years’ experience preparing TCAC, CDLAC, various HCD funding, local funding applications.
• Experience completing feasibility analysis and due diligence for the acquisition of at least two (2) new development sites.
• Problem-solving mindset (Analytical thinker).
• Attention to detail.
• Ability to effectively synthesize information.
• Prior experience and demonstrated ability in project management with ability to manage multiple deadlines. Results and deadline driven.
• Familiarity with reading architectural plans and the construction process.
• Ability to perform well under stress and interact well with others.
• Valid California driver’s license.
• Ability to meet California minimum and ACOF insurance requirements.
• Access to a personal vehicle to be used to conduct ACOF business.
• Ability to lift 20 pounds.

Nice To Haves

• Two (2) years of experience as a Project Manager with an affordable housing development company.
• Experience managing at least one construction closing and one conversion to permanent financing with minimal supervision.
• Experience working directly on three construction/permanent financing closings.
• Experience preparing financing applications for at least one State of California Housing and Community Development Department funding source, low-income housing tax credits/tax exempt bonds, and one City/County capital funding source for an affordable housing development.
• Graduate Degree in related field (e.g., urban planning or real estate development).
• Proficiency in Microsoft Project and Adobe Creative Suite.
• Completion of LISC HDTI Basic Training.

Responsibilities

• Lead and manage teams for a minimum of three supportive housing projects through the development process independently with little supervision.
• Provide leadership and support for the development of Project Associates.
• Identify and perform due diligence and feasibility analysis for acquisition sites or new projects.
• Manage the entitlement approval process to ensure complete and timely submissions and obtain approvals consistent with the development schedule.
• Lead the community outreach process by developing and implementing community outreach plans, attending stakeholder meetings, presenting at public hearings.
• Assemble and manage the development team by: negotiating and monitoring contracts; managing the design process and overseeing the work of the design consultants to ensure consistency with ACOF’s standards, project program, budget, and development timeline; ensuring proper communication and coordination across the team; ensuring the project complies with all regulatory requirements, commitments made, contract terms.
• Prepare, update and manage project proformas, predevelopment budgets, and construction budgets.
• Independently prepare accurate and complete funding applications that meet applications requirements on time.
• Prepare and manage projects’ development timelines, driving project tasks, and managing project consultants/vendors to keep the project on track and to achieve ACOF’s goals.
• Collaborate with asset management, property management, and resident services during the predevelopment, construction, and lease-up phases to ensure accurate budgets, high quality designs and smooth transitions to the operational phase.
• Secure and close all public and private predevelopment, construction, and permanent financing needed to complete development projects.
• Manage the construction process including but not limited to: reviewing and processing pay applications, attending construction meetings, reviewing change orders, managing consultants to ensure timely responses to requests for information; ensuring punch list items are addressed; checking for consistency with ACOF’s standards.
• Ensure accurate, timely and strategic communication with the project team, consultants, architects, partners, lenders, investors, community stakeholders, other departments within ACOF, and ACOF’s senior management.
• Negotiate financing terms, loan agreements, and partnership agreements with equity partners and project lenders while ensuring consistency with ACOF’s standards and preferred terms as well as senior managements’ feedback.
• Transition the project and all pertinent documents and information to Asset Management, Property Management, and Services.
• Prepare accurate and complete documents including but limited to contracts, funding applications and forms.
• Attend evening and weekend meetings and events, as needed, for managed projects.
• Complete administrative tasks as needed to complete essential duties and responsibilities.
• Meet with the Assistant Director of Housing regularly to provide project updates and discuss issues associated with development projects.
• Function as the primary contact for project lenders, investors, partners, government agencies.
• Other duties as assigned.

Benefits

• Equal opportunity employer
• Value diversity and inclusion
• Do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, disability status, or any other legally protected status.
• Commitment to providing reasonable accommodations for qualified individuals with disabilities and disabled veterans in job application procedures.
• Consider qualified applicants with a criminal history pursuant to the California Fair Chance Act.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level