Project Manager I

2 weeks ago

Los Angeles, California, United States A COMMUNITY OF FRIENDS Full time
Job Summary

A Community of Friends is seeking a highly skilled Project Manager I to lead the development of affordable multifamily housing developments. The successful candidate will be responsible for managing teams, performing due diligence, and ensuring timely submissions and approvals.

Key Responsibilities
  • Lead and manage teams for multiple supportive housing projects through the development process.
  • 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, and presenting at public hearings.
  • Assemble and manage the development team by negotiating and monitoring contracts, managing the design process, and overseeing the work of design consultants.
  • Prepare, update, and manage project proformas, predevelopment budgets, and construction budgets.
  • Independently prepare accurate and complete funding applications that meet application 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 reviewing and processing pay applications, attending construction meetings, reviewing change orders, and managing consultants to ensure timely responses to requests for information.
  • 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 management's feedback.
  • Transition the project and all pertinent documents and information to Asset Management, Property Management, and Services.
  • Prepare accurate and complete documents, including 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.
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.
Preferred Qualifications
  • 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.

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