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Senior Project Manager-Affordable Housing

Abode Communities

This is a Full-time position in Los Angeles, CA posted June 10, 2021.

Senior Project Manager-Affordable Housing
1149 S Hill St, Los Angeles, CA 90015, USA Full-time
Company Description

Abode Communities is a regional non-profit architectural, real estate development and property management firm.

Abode Communities’ affordable housing production work dates back to more than 30 years with the completion of Wilson Apartments, 14 senior apartment homes in Monrovia, California.

Since that time, we have developed nearly 47 residential communities with more than 2,900 affordable homes throughout California; invested, in collaboration with our financial partners, some $615 million in economic activity; generated more than $236 million in tax credit financing; and secured more than $120 million in local funding sources for the provision of service-enhanced affordable housing.

Job Description

Under the direction of the Senior Vice President, Development, the Senior Project Manager will have primary responsibility for the full range of development activities for selected housing and community development projects, including new construction and acquisition/rehab projects.

RESPONSIBILITIES

1.

Manage all phases of development including initial financial feasibility analysis, overseeing design development, securing all necessary financing, procuring and contracting with all third party consultants, overseeing construction.

2.

Manage all aspects of financing developments; identify funding sources and complete loan/funding applications; secure predevelopment, construction and permanent financing.

3.

Coordinate with asset management, property management and resident services during predevelopment and construction to ensure smooth tenant relations.

4.

Manage the construction process; select and negotiate contract with contractors; monitor construction team.

5.

Manage transition to operations; supervise property management; monitor tenant selection and lease up.

Qualifications

1.

A bachelor’s degree and three to five years of experience in urban planning, business or real estate/housing development or finance, or a graduate degree in a related field and one to three years experience in housing development, real estate development, urban planning, business, finance or a related field.

2.

Knowledge of key aspects of real estate development and finance, land use and entitlement, property due diligence and acquisition, and site planning and design.

Experience with all phases of the development process preferred, preferably with at least one project taken from concept through completion.

3.

Familiarity with structuring and negotiating real estate development transactions and affordable housing finance including public subsidies, low income housing tax credits and tax exempted bonds; ability to creatively combine financing tools to leverage housing funds. 

4.

Knowledge of and experience with loan packaging, public and private affordable housing resources, and subsidy programs.

5.

Ability to initiate and maintain effective and cooperative working relationships with team members, local government agencies, consultants, lenders/investors, and community stakeholders.

6.

Ability to effectively engage community representative, including persons with diverse economic and educational backgrounds, in the real estate and community development process.

7.

Well-organized, detail oriented, and excellent analytical skills; proficiency in sophisticated financial analysis using Excel and with word processing software such as Microsoft Word.

8.

Strong analytical and problems solving skills; good client and public presentation skills; and excellent oral and written communication skills.

9.

An entrepreneurial and creative approach to problem-solving in the field of real estate development; enthusiasm and team building spirit.

Additional Information

The salary is commensurate with experience.

Benefits include medical, dental and vision insurance, life and AD&D and long-term disability insurance, retirement plan with employer match, subsidized parking or free Metro pass, vacation and sick leave, and a 9/80 work schedule with alternating Fridays off.

Senior Project Manager-Affordable Housing
1149 S Hill St, Los Angeles, CA 90015, USA