Senior Project Manager Real Estate DevelopmentPosition Summary: The Senior Project Manager is responsible for completing all facets of multifamily development from project conception to the successful transfer of the project to operations. This includes site identification and acquisition, applying for and securing project funding, assembling a successful development team, closing construction and permanent financing sources, and administering the project through the construction period. The Senior Project Manager is responsible for managing the project budget, timeline, and compliance with funding requirements. In addition, the Senior Project Manager is expected to act as a resource to Project Managers, sharing expertise and providing direction on moving deals forward as requested. This position will also be responsible for working on the more complicated deals CHN undertakes. The position must facilitate positive relationships with other CHN departments and outside agencies to ensure successful project completion. This includes an efficient transfer to property management and coordination with the accounting department to procure all project funding.
Essential Duties & Responsibilities: - Work with Directors and VP of RED on acquisition of potential sites and properties.
- Develop project timelines and implement tasks to meet timelines.
- Identify and secure project financing. This includes completing housing credit applications; local, county, and state funding applications; conventional financing; HUD/FHA financing; tax exempt bond financing; foundation grant applications; and pre-development loan applications
- Assemble project development team, including identifying and procuring proposals from potential development team members. Negotiate and secure executed agreements from selected development team members.
- Manage and coordinate efforts of all development team members.
- Manage and coordinate services completed by project architect. Includes reviewing construction documents to ensure compliance with building program requirements.
- Coordinate closing of all predevelopment, construction, and permanent financing.
- Manage investor relationships and coordinate project partnership closings.
- Procure necessary project entitlements, including coordination with local municipality staff and politicians.
- Represent CHN at municipal meetings and community group meetings.
- Ensure successful construction close-out and coordinated turn-over of property to management.
- Finalize all take-out financing, construction mortgage lien releases, and other permanent financing.
- Coordinate and package Carryover Allocation Agreements, and Project Close-out documentation including but not limited to Owner Cost Certification Submissions and Equity Bridge Loans.
- Structure projects with viable financing plan
- Provide leadership on new project types.
- Provide mentoring to Project Managers as requested, including procedures and deal-specific questions.
- Out-of-state travel as necessary for specific project-related activities. This may include attendance at project-related meetings and regular site visits during construction.
- Other duties as assigned.
Education and/or Work Experience Requirements: Required: Education: - Bachelor's degree in a related field which may be supplemented with experience.
Experience: - Five to Ten (5-10) years of experience in affordable housing development
- Experience in closing the construction and permanent financing of at least three developments for which the person had primary responsibility during all phases of development and which involved the syndication of Low-Income Housing Tax Credits, HUD funded financing programs, tax exempt bond financing, or other multilayered financing structures.
Skills: - Excellent written and oral communication skills, including demonstrated skill in making effective presentations at public forums and facilitating community group discussions.
- Strong negotiating skills and sound political acumen.
- Knowledge of real estate and tax law as it pertains to the development of affordable housing
- Proven ability to work effectively with lenders, investors, public officials, and tenants.
- Thorough knowledge of federal, state, local, and private sources of financing for low-income housing and familiarity with their respective underwriting requirements.
- Strong computer skills, including knowledge of MS Office applications
- The ability to develop pro forma budgets for tax credit-financed developments.
- Must be detail oriented and possess strong organizational skills
- Excellent customer service
- Excellent problem solving abilities
- Ability to take initiative and improve efficiency of work responsibilities
- Ability to coach other staff members as requested on deal specific and procedural questions.
- Thought-leader in CHN's delivery of affordable housing.
Other: - Must have valid driver's license, current automobile insurance, and access to a car.
- This position requires travel to all areas of Cleveland, as well as infrequent trips to locations within a three hour drive of Cleveland.
Preferred: - Master's degree in business administration, planning, architecture, urban studies, or a related field
Why Should You Apply?- You want to be part of an organization where the work you do will have a positive and lasting difference in the community.
- Great benefits.
- Opportunities for on-the-job training and/or professional development.
