Under the direction of the Assistant Director of Housing, the Project Manager I is responsible for all activities related to the development of affordable multifamily housing developments.

Essential Duties

· Lead and manage teams for a minimum of three supportive housing projects through the development process independently with little supervision.
· Provide leadership and support for the development of Project Associates.
· Identify and perform due diligence and feasibility analysis for acquisition sites or new projects.
· Manage the entitlement approval process to ensure complete and timely submissions and obtain approvals consistent with the development schedule.
· Lead the community outreach process by developing and implementing community outreach plans, attending stakeholder meetings, and presenting at public hearings.
· Prepare, update and manage project proformas, predevelopment budgets, and construction budgets.
· Prepare and manage projects’ development timelines, driving project tasks, and managing project consultants/vendors to keep the project on track and to achieve ACOF’s goals.
· Collaborate with asset management, property management, and resident services during the predevelopment, construction, and lease-up phases to ensure accurate budgets, high quality designs and smooth transitions to the operational phase.
· Secure and close all public and private predevelopment, construction, and permanent financing needed to complete development projects.
· Manage the construction process including but not limited to reviewing and processing pay applications, attending construction meetings, reviewing change orders, managing consultants to ensure timely responses to requests for information; ensuring punch list items are addressed; checking for consistency with ACOF’s standards.
· Negotiate financing terms, loan agreements, and partnership agreements with equity partners and project lenders
· Function as the primary contact for project lenders, investors, partners, government agencies.

Requirements

· Minimum two years of experience as an Assistant Project Manager for affordable housing development or equivalent position or one year as a Project Manager managing low-income housing tax credit projects.
· One year experience preparing proformas for LIHTC financed, multifamily housing developments.
· Experience with at least two construction financing closings or permanent loan conversions for tax-credit financed, multifamily developments.
· Working knowledge of financing sources available for affordable housing.
· Minimum two years’ experience preparing TCAC, CDLAC, various HCD funding, local funding applications

Preferred Qualifications:
· Two years of experience as a Project Manager with an affordable housing development company.
· Experience managing at least one construction closing and one conversion to permanent financing with minimal supervision.
· Experience working directly on three construction/permanent financing closings.
· Experience preparing financing applications for at least one State of California Housing and Community Development Department funding source, low-income housing tax credits/tax exempt bonds, and one City/County capital funding source for an affordable housing development.
· Graduate Degree in related field (e.g., urban planning or real estate development).