Senior Real Estate Development Project Manager

4 weeks ago


Silver Spring, Maryland, United States Montgomery Housing Partnership (MHP) Full time

About MHP

Montgomery Housing Partnership (MHP) is a private nonprofit organization dedicated to making home possible. With over 30 years of experience, MHP has been preserving and expanding access to quality affordable housing. Our mission is to provide more than 2,800 homes in Montgomery County, MD, and surrounding communities.

About the Job

Position Summary:

The Senior Project Manager will oversee the long-term viability of residential developments by managing all aspects of development, including structuring complex financing, hiring and managing consultants, and overseeing projects through renovation or new construction. This role will typically manage two to three projects in various stages of development.

Key Responsibilities:

  1. Conduct, review, and refine the analysis of overall economic feasibility.
  2. Identify funding opportunities and prepare tax credit, bond, and other financing applications, proposals, and all materials necessary to secure commitments.
  3. Develop project pro formas and oversee the financing closing process.
  4. Assemble and manage the development team, including design and construction consultants.
  5. Negotiate contracts and coordinate the team throughout the development process.
  6. Closely monitor the construction process and push projects to finish on time and within budget.
  7. Ensure compliance with tax credits, bonds, and other regulatory requirements.

Requirements:

  • Minimum of five years of direct experience with real estate development, including project management at each stage of development and affordable housing finance.
  • Strong understanding of public and private funding programs, including the Low-Income Housing Tax Credits and other affordable housing sources.
  • Excellent interpersonal and technical skills, including design and use of spreadsheets, word processing, presentation, and other software.
  • Strong writing and verbal communication skills, critical thinking, and negotiating skills.

Education/Experience Requirements:

Undergraduate degree and minimum of five years of direct experience in real estate development or financing; experience with affordable housing or non-profit real estate experience preferred. A master's degree in the related field is preferred but not essential.

Job Type:

Full-time, Hybrid (3 days in the office and two days remote)

Compensation:

Salary will be based on relevant experience. The salary range over the life cycle for this position is $111,200 (minimum) to $189,300 (maximum). MHP offers a competitive benefits package including medical programs, flexible spending accounts, 403(b) retirement matches, and paid time off.



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