The Assistant Project Manager’s primary responsibility is to support the Preservation and Investment departments (under direction of Resyndication Project Managers and Head of Preservation) to complete Year 15 resyndications/acquisition and rehabilitation transactions.
- Provides support to several Project Managers as needed in connection with acquisition/rehabilitation transactions, developing systems and processes to manage and track necessary documents and letters; communication across with internal staff; management of relevant consultants; management of construction and permanent loan closing due diligence and internal document review.
- Identifies necessary information and assembles tax credit and tax-exempt bond applications and bond inducement packages.
- Prepares and submits funding draws to various financial institutions during the rehabilitation stage.
- Performs relevant aspects of due diligence review including reviewing preliminary title reports, appraisals, market studies, Physical Needs Assessments, and relocation plans. Manages due diligence portion of closings.
- Gathers data required to analyze preliminary financial projections for potential transactions; updates projections as needed.
- Prepares construction bidding and contract materials.
- Analyzes funding competition and scoring of competitive applicants in connection with various sources.
- Manages aspects of tenant relocation process (in collaboration with asset management, property management, and relocation consultants).
- Provides input, analysis, and recommendations for development team member selection, including contractors and construction managers.
- Represents April Housing at certain industry conferences.
Qualifications:
- Qualified candidates must have a Bachelor’s degree and some related work or field work experience in matters related to affordable housing development such as residential architecture, finance, planning, construction, etc.
- Exposure to private and public debt financing.
- At least one successful LIHTC financial construction closing a plus.
Base Compensation Range:
$95,000.00 To $110,000.00 Annually. This represents the presently-anticipated low and high end of the Company’s base compensation range for this position. Actual base compensation range may vary based on various factors, including but not limited to location and experience.
Total Direct Compensation: This job is also eligible for discretionary bonus and incentive compensation on an annual basis.
Benefits: The Company provides a variety of benefits to employees, including health insurance coverage, retirement savings plan, paid holidays and paid time off (PTO).
The additional total direct compensation and benefits described above are subject to the terms and conditions of any governing plans, policies, practices, agreements, or other materials or documents as in effect from time to time, including but not limited to terms and conditions regarding eligibility.
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