Position Title: Development Project Manager    

Classification: Exempt

Department: Real Estate

Reports to: President, ACF

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POSITION SUMMARY:

The Development Project Manager is part of a team that will lead and implement AFC’s real estate development strategic goals, objectives, and priorities, developing a pipeline of affordable rental and home ownership developments. 

 

 

GENERAL DUTIES AND RESPONSIBILITIES:

The Development Project Manager works with a team in the financing, approvals and design of affordable housing developments and mixed-use community development projects. The Development Project Manager provides high-quality development management in meeting project objectives. In addition, the Development Project Manager is accountable for developing and fostering effective relationships internally with management and externally including all third parties (e.g., consultants, public funders and private lenders/equity providers, community organizations, resident groups, architects, construction managers, government liaisons, etc.).

 

 

Real Estate Project Management

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• Responsible for coordinating the predevelopment activities and project and assisting in financing tasks of development projects including affordable housing tax credit projects and other multifamily and mixed-use development projects.

• Help structure and close complex mixed-finance deals with multiple lenders including managing the due diligence process.

• Participate in the negotiation and drafting of letters of intent (LOI) for purchase with sellers.

• Apply LIHTC regulations and industry standards to proposals, applications, and closings including assisting in legal and project document review, and day-to-day decisions.

• Assist in managing design process to ensure compliance/waiver/approval by City, County, State and Federal approval.

• Assist in managing construction bidding/pricing process for inclusion in the final project budget required for all closings.

• Review legal documents for structuring, risk management, and tax issues in concert with legal counsel.

• Participate in developing feasible program and structure financing to ensure projects are approved, sustainable, under-writable in the current LIHTC and lending environment, and can be financed without conflicts by and with all sources.

• Facilitate community and public agency support and approvals of changes required to adjust to the market, including zoning, permitting, and financing requirements.

• Analyze funding and development legislation, regulations, policies, and market, environments to determine applicability to projects and compatibility with other programs.

 

Project Development

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• Assist in the successful coordination, completion and submittal of all Requests for Proposals.

• Prepare request for proposals and templates.

• Coordinate with all team members and review submission for accuracy and completeness.

• Assist in the writing, editing and revising all documents as needed.

• Deliver to appropriate agency.

• Review all of the work for accuracy and completeness.

• Attend business development meetings as required.

• Assist and prepare Development Plans including, but not limited to, the preparation of project schedule, project proforma, project description, market analysis, and construction budgets.

• Manage and provide research and documentation in the delivery of project development plans.

• Perform site visits and attend project meetings.

• Perform development feasibility studies, including taking photographs, creating written project documents, producing proformas and analyzing sites for potential development opportunities.

• Review all work for accuracy and completeness.

 

 

QUALIFICATIONS:

 

• Bachelor’s Degree in Business or Finance Preferred.

• Requires a minimum of 3-5 years’ experience with affordable housing development projects and other multifamily and mixed-use development projects. Master’s degree in Business with a concentration in Real Estate can be considered to a substitute for experience.

• Experience running project financial models.

• Knowledgeable in all facets of the development process, including permitting, contractor selection and construction, implementation, establishing project budgets, and financial analysis.

• Preference familiarity with tax credit regulations.

• Ability to be proactive and capable of resolving complex problems expeditiously.

• Dealmaker’s sensibility, an understanding of affordable housing development and the ability to proactively identify new projects.

• Comfort in working in a team capacity.