Project Manager
3 weeks ago
Project Manager- Community & Housing Development
POSTED 8/20/2024
REPORTS TO: Director of Housing Development
HOURS: Full time, may include evenings and weekends
PAY RANGE: $80,000 to $100,000 annually
BENEFITS: Medical, dental, vision, retirement, life insurance, long term disability insurance and sick leave are available to employees. Employees accrue 116 hours of vacation during the first year and receive 11 paid holidays. (Prorated for part-time employees).
POSITION TYPE: This is an exempt management level position.
The Project Manager for Housing and Community Development joins a small, mighty and highly efficient team of housing professionals at the Low Income Housing Institute, including people skilled in finance, design and construction management, the core proficiencies on which LIHI depends to grow our affordable housing and mixed-use portfolio of projects. In addition, LIHI offers development consultant services to other organizations assisting their efforts to develop housing and mixed-use projects. The position is responsible for developing and implementing development activities from start to finish—from project concept to completion.
Responsibilities:
- Responsibility for multiple tasks that propel a project from concept to completion: program planning, project feasibility studies, site search, site control, selecting other development team members, proposal writing for the public and private resources necessary, reviewing contracts and legal documents, conducting due diligence toward loan closings, and other tasks as necessary for project development. Resources-public, private and philanthropic—are for the most part competitively awarded.
- Project Manager will be skilled in writing proposals and aligning the financial resources for a project—development budget, rent chart, operating pro forma, construction cash flow and Low Income Housing Tax Credit equity potential, if relevant. Project Manager develops strategies to cover gaps in financing to build out the resources necessary to get to finance closing.
- The position also requires ability to negotiate terms with each source of capital and equity for a project.
- Responsibility for project pre-development: Project Management services for new construction and rehabilitation projects include: site feasibility analysis, entitlements, preliminary selection of architects and engineers, procurement of General Contractors and securing and closing on the financing needed to proceed.
- Responsibility for Project Finance Closings: Project Manager oversees the coordination of all parties to the deal, maintaining project document files, reporting on status on plenary status calls and holding the group accountable to deliverables to achieve the closing date for financing that allows the project to enter into the construction or rehab phase of development.
- Responsibility for Project Execution: Once a project launches and reaches active construction, track construction schedule, budget, monthly draws for payments to vendors, close-out, hand-off to property leasing and management staff, later construction loan conversions and tax credit equity installments achievement.
- Function as a subject expert to others on the Development Team and to others at LIHI—with proficiency and strength in a core area—design, finance, planning, community outreach and/or construction management, organizational development, advocacy.
- Perform organization development and consulting services on behalf of LIHI with new partners, emerging nonprofits, joint ventures and BIPOC organizations.
- Provide supervision, training and technical assistance to coordinate and oversee the work of less experienced development staff, interns, staff of community partners or those with proficiencies different from one’s own, to assist us all in cross-training for mutual strength.
- Maintain communication with Property Management, Compliance, Asset Management, Building Facilities and Accounting department staff.
Qualifications:
- Familiarity with housing development—can include affordable, low income, homeless or market rate housing from a financing, design, construction and/or legal perspective. A candidate’s interest in community engagement, homelessness and housing policy are benefits to the candidate’s application for employment.
- Prior experience as a housing developer in either a for-profit or nonprofit setting is required, with at least three projects comparable in kind to LIHI’s mission. Knowledge of public and private financing sources for low-income housing is preferred, and applicants from out-of-State are welcome. Prior work in Washington State affordable housing is preferred.
- B.A or B.S. college degree in a relevant field required. A Master degree and/or other Certifications in relevant fields beneficial.
- Prior experience working with emerging nonprofit organizations interested in real estate development, as well as ability to work effectively with communities of color in addressing housing, homelessness and anti-displacement issues.
- Experience working with computers including word processing and spreadsheet software (Microsoft Word and Excel), and ability to maintain program budgets and financial information.
- Excellent organizational, written and verbal communication skills; ability to work with diverse populations, funding sources, and ability to accommodate different work styles among colleagues.
- Ability to coordinate simultaneously multiple development projects at different stages in the development process.
- Past experience or demonstrated ability to supervise staff, vendors, consultants and interns.
- Must pass criminal background check and drug screening.
The Low Income Housing Institute is an equal opportunity employer. Qualified members of historically marginalized and underrepresented communities are encouraged to apply. LIHI participates in the e-verify system.
About us:
The Low Income Housing Institute (LIHI) has a 30-year history and track record of owning and managing low-income housing; developing innovative solutions to homelessness; advocating for housing justice; providing supportive services; and operating hygiene services for homeless people at our Urban Rest Stops. LIHI staff have developed over 4,500 affordable housing units and manages over 2,500 units including rental housing, permanent supportive housing and transitional housing. The populations served include: families, singles, seniors, veterans, young adults, immigrants, low wage workers, and people living with physical and mental disabilities. LIHI is one of the largest nonprofit housing organizations in the state. Our properties are located in Seattle, King County, and five adjacent counties. LIHI is a national leader in sponsoring tiny house villages as a crisis solution to homelessness. Annually, the tiny house villages and shelters serve 1,000 homeless people and our hygiene programs serve over 8,000 homeless people. LIHI is a BIPOC organization committed to anti-displacement, equitable development, and social racial justice. LIHI staff is collaborative, dynamic, and dedicated to taking bold steps in ending homelessness and creating supportive communities for people to thrive.
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