Development Project Manager
3 weeks ago
Founded in 1937, The Housing Authority of Baltimore City (HABC) has kept the promise of public housing alive. It has done so by maintaining and modernizing its buildings and enriching the lives of its residents through innovative social services, recreational and educational programs, and job training initiatives. What makes HABC successful is the dedication of its employees and its history of strong leadership.
Position Summary
Under general supervision of Director of Planning & Development position is responsible for: (1) planning and managing the development of multi-family and homeownership real estate development projects (2) coordination of the financing of affordable housing with Low Income Housing Tax Credits, HOME, CDBG and other local, state and federal financial sources (3) coordination with other City agencies in connection with the land entitlement process and infrastructure needs (4) public presentations and working successfully with community groups, elected officials and their representatives, government and private lenders, and low-income tenants (4) prioritization of tasks on multiple projects simultaneously.
Performance of duties requires excellent project management and problem-solving skills, strong knowledge of real estate financing and development and a thorough knowledge of public governance requirements. Strong interpersonal skills and excellent organizational skills as well as superior oral and written communication abilities are essential.
Major Duties
- Create and/or coordinate with others to create a development plan for HABC and City-owned sites. Work with supervisor and senior team to successfully implement this program.
- Performs a detailed level of analysis and review; prepares and presents development options and strategies, determines financial feasibility and realistic development schedules, uses knowledge of market and Agency goals to develop an appropriate development program, and assesses redevelopment proposals.
- Draft, review, and manage project proformas and perform financial feasibility and sensitivity analyses. Prepare and monitor project budgets, cash flow projections and project schedules. Review and approve invoices compared to approved budgets submitted by members of the redevelopment team. Provide oversight and direction on budget changes and ensure submission of appropriate forms and documents to HUD for development and Mixed Financed developments.
- Plan, implement and review all financial and physical due diligence needed to safeguard the organization’s investments in real estate and corporate integrity, including appraisals, surveys, title reports, Phase I and II environmental studies, market studies, and rent comparable studies.
- Oversee planning approval and all construction permits and approvals, and all wet and dry utility plans and approvals.
- Represents the agency to stakeholders and the general public. Strategizes and plans outreach to garner community support for projects. Attend and participate in community and government agency meetings as needed.
- Research and secure funding sources to support predevelopment, construction and permanent loan phases for development if needed. Assists developers in coordinating closings.
- Monitor project accounting and oversee contract payments, lender and funder reporting requirements in a timely manner if needed.
- Monitors project compliance with pertinent laws, policies and procedures. Ensures compliance with various HUD regulations, the development grant agreement, Program Close-Out, and other regulatory agreements and contracts associated with the project.
- Promote the hiring and use of MBE/WBE or Disadvantaged contractors in support of revitalization activities. Review compliance with Section 3 hiring and the use of Section 3 businesses, encourage Minority and Woman Business Enterprises (MBE/WBE) outreach and evaluate efforts to include such firms in program activities.
- Prepare and present progress reports to supervisor, senior team, Board of Directors, Board committees, and others as needed.
- Act as a liaison between HABC, the City’s Department of Housing and Community Development, and other city or State agencies working on the project. Provide oversight and direction to project consultants, and third parties hired to support or implement redevelopment activities.
- Conduct research on development and mixed finance project issues; prepare written analysis with recommendations and options on problems facing the redevelopment effort.
- Other tasks as assigned related to real estate development, policy development, organizational budgets, planning and administration.
Bachelor’s degree from an accredited college or university in architecture, urban planning, business, real estate, business administration, public administration, environmental design, or a related field and a minimum of four (4) years of progressively responsible experience in financing affordable housing with Low Income Housing Tax Credits, HOME, CDBG and other local, state and federal financial sources. Experience in government or private industry in project management, developing or reviewing and approving large-scale, affordable projects for multifamily rental and ownership, economic development, commercial development or related activities may be considered.
An equivalent combination of education, training and experience, which provides the required knowledge and abilities, may be considered as satisfying part of 1 or 2 above.
Special Requirements
- Possession of a valid Maryland driver's license.
- Must be able to be covered under the Authority's fidelity bond.
- Must be able to be covered under the Authority's vehicle insurance policy.
- You must successfully pass a prescreening investigation, including employment and education verification, drug screening, and a physical examination.
- Probationary Period: This is a full-time permanent position. Upon employment, you will be required to serve a 6-month probationary period.
- All new employees are required to receive at least one COVID-19 vaccination shot in a two-shot series or be fully vaccinated prior to the date of hire.
This posting will remain active until March 5th, 2024.
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