Senior Real Estate Project Manager
2 weeks ago
Housing Corporation of Arlington (HCA) is a 38-year-old nonprofit community development corporation with a mission to provide affordable, stable housing and empower residents to build a more supportive and equitable community.
We are seeking a highly organized and experienced Senior Real Estate Project Manager to oversee the completion of our Capital Needs Assessment and implement major capital improvement projects. The successful candidate will develop and implement a comprehensive long-term plan for capital improvements, focusing on energy retrofits and decarbonization where possible.
The Senior Real Estate Project Manager will also develop and implement a refinancing strategy to ensure the portfolio's long-term financial and physical health, while providing tenants with safe, affordable homes.
Responsibilities
- Oversee the completion of our portfolio-wide CNA, including obtaining relevant information from the management company, tenants, and project documents.
- Develop, manage, and track third-party vendor deliverables and schedules.
- Establish a detailed capital improvement plan and refinancing and recapitalization strategy for HCA's older properties.
- Coordinate with the property management's finance department to develop and maintain multi-year project proformas to inform refinancing plans.
- Develop strong relationships with lenders, public officials, and other stakeholders.
- Submit funding applications for local, state, federal, and private predevelopment, construction, and permanent loans and subsidies.
- Manage redevelopment projects through completion, including selecting the project team, funding application submissions, financing closings, and construction.
Qualifications
- Passion for social justice and drive to work towards equity.
- At least 4 years of experience carrying out residential real estate development projects, including direct experience with major rehabilitation projects.
- Experience with affordable housing funding programs, including LIHTC, HOME, CDBG, Section 8, and MRVP. Massachusetts experience preferred.
- Experience refinancing and repositioning existing affordable housing portfolios preferred.
- Familiarity with emerging funding sources for energy retrofits and decarbonization at the state and federal levels.
- Highly organized, with demonstrated ability to oversee and coordinate activities among multiple players.
- Demonstrated ability to work independently and in collaboration.
- Ability to adapt to new or unexpected circumstances and find solutions to unexpected challenges.
- Ability to communicate and build trusting working relationships with people of all ethnic, educational, cultural, and economic backgrounds.
- Excitement at the idea of joining a small but mighty team at a growing, beloved local nonprofit.
Work Schedule and Compensation
This is a full-time position of 40 hours a week. HCA operates under a hybrid schedule, with full-time employees required to work from our East Arlington office at least 3 days per week. Some evening meetings and a rare weekend event will be required. Employees may set their own work hours, as long as they are generally working during HCA's core hours of Monday through Friday, 10 am - 3 pm.
The salary range is $90,000 - $105,000 depending on experience. We will consider a slightly higher salary for an exceptional candidate. HCA offers health insurance, sick leave, vacation time, all state and national holidays off, partial cell phone reimbursement, and retirement savings through the Commonwealth of Massachusetts' CORE plan.
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Arlington, Massachusetts, United States Housing Corporation of Arlington Full timeHousing Corporation of Arlington seeks a highly skilled Senior Real Estate Project Manager to oversee the completion of the Capital Needs Assessment and the implementation of major capital improvement projects.The ideal candidate will have at least 4 years of experience carrying out residential real estate development projects, including direct experience...
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