Real Estate Development Project Manager

3 days ago

Richmond, Virginia, United States Community Housing Development Corporation Full time
About Community Housing Development Corporation

Community Housing Development Corporation (CHDC) is a nonprofit organization dedicated to creating vibrant, safe, and diverse communities throughout our region. Our mission is to provide affordable housing opportunities and services to low- and moderate-income residents, enabling them to gain better housing and financial stability.

Position Purpose

The Project Manager is a full-time, exempt position responsible for managing the project development process on multiple projects simultaneously. This role is highly visible in the organization and externally as a team leader and project developer.

Key Responsibilities
  • Determine project feasibility and develop project budgets
  • Establish schedules for project phases and secure project financing from private and public sources
  • Work with public agencies and local community groups during the development process
  • Provide support for projects through permanent loan conversion or project closing sales
  • Identify, locate, evaluate, and negotiate new development site acquisition opportunities
Essential Functions
  • Site Acquisition/Feasibility
    • Research, locate, and evaluate site acquisition opportunities
    • Prepare feasibility studies and develop project proformas
  • Contract Negotiation
    • Negotiate land purchase agreements and related vendor contracts
  • Project Financing
    • Identify and secure public and private financing for projects
    • Review and authorize all non-construction project invoices/expenses and submit for payment
  • Project Budgeting & Cash Flows
    • Develop project proformas and detailed budgets and manage project costs
    • Develop and regularly update cash flow forecast/outlook through end of projects
  • Project Team & Partnerships
    • Develop and maintain good working relationships with development partners and funders
    • Coordinate selection and monitor performance of architects, consultants, attorneys, engineers, and other project specialists and team members
  • Planning and Permitting Process
    • Coordinate CHDC's representation before public agencies and community organizations
    • Oversee preparation of all necessary entitlement applications and other required approvals in coordination with the project team
  • Project Schedules
    • Create and coordinate project schedules and maintain a process for the project team
  • Project Reports
    • Prepare and submit reports to funding sources for projects, in a timely manner
    • Provide periodic reports on project progress or key issues and findings
Qualifications
  • Minimum five years' experience in housing/real estate development, real estate finance, or planning
  • Bachelor's Degree in business, real estate, or planning or equivalent experience; Master's in urban planning, Architecture, Public Administration, or Business Administration desired
  • Experience and knowledge in developing affordable housing projects within budget and deadline constraints, from start to finish
  • Experience in managing and coordinating multiple activities of project development from inception to completion preferably including nonprofit/affordable housing issues, policies, and procedures
  • Strong financial background, preferably including affordable housing real estate financing
  • Knowledge of public entitlement and funding processes
  • Strong oral, public presentation, and written communication skills
  • Proficient in Microsoft Project, Excel, and Word, aptitude/willingness to learn other management software programs
  • Ability to work in teams and coordinate diverse input into the development process
  • Ability to seek creative solutions to situations as they occur
  • Have a temperament that is suitable for the environment of a volunteer-run, nonprofit organization and the ability to create a work environment that is cheerful, productive, and inclusive
  • Commitment to affordable housing development
  • Ability to work effectively with different social and economic groups and guide community design process and acceptance
  • Experience in design or engineering desirable
Physical Requirements
  • Must be able to remain stationary for extended periods of time
  • Requires the mental acuity to perform the essential functions as outlined in an accurate and timely fashion
  • Must be able to lift at least 20 pounds

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