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Senior Project Manager
The Senior Project Manager will be responsible helping to expand and grow the ‘housing’ business unit within the Century Housing organization that delivers on Century’s mission of investing in homes and communities so that low income individuals and families may have a dignified living environment, achieve economic independence, and enjoy healthful and vital places to live and work.
The Senior PM will be a key member of Century’s development team, requiring both short and long term strategic thinking, planning abilities, communication skills, project management skills, financial underwriting and analytical ability, and vision to help advance Century’s mission through the development and preservation of affordable housing.
The Senior PM will be responsible for strategically managing our pipeline of affordable housing developments from deal sourcing through project completion and ultimate transition to property and/or asset management. Century’s pipeline is anticipated to primarily include the following opportunities:
Century Villages at Cabrillo (new construction and rehab)
Recapitalization of Century’s contingent loan portfolio
New acq/rehab and preservation opportunities
Joint venture opportunities
Working under the direction, supervision and support of the Senior VP of Housing, the Senior PM will be responsible for coordinating, communicating, and managing all aspects of our real estate development activities. Fully engaging within the Century organization, the Senior PM will be responsible for ensuring that development work is consistent with mission while providing financial return commensurate with risk. In furtherance of these efforts, the Director will interface regularly with key stakeholders, both inside and outside of Century, to shape efforts, secure necessary support, and deliver on Century’s strategic plan.
Essential Duties and Responsibilities:
Utilize acquisition criteria to guide development and preservation activities.
Source new deals that satisfy acquisition criteria, utilizing a variety of methods including, but not limited to, broker solicitation, data mining, and responding to RFPs and RFQs.
Prepare financial, physical, and entitlement feasibility analyses of prospective acquisitions.
Engage internal stakeholders to obtain input and ‘buy in.’
Negotiate with property sellers and obtain necessary site control.
Perform standard and property-specific due diligence.
Develop strategies to engage community stakeholders and secure support for prospective projects. Provide public presentations if required.
Represent Century before public agencies, elected officials, community groups and financial institutions in soliciting support for new projects.
Secure all necessary entitlements and permits for real estate development.
Prepare loan, grant and other financing applications such as low-income housing tax credit and tax exempt bond applications.
Work with public and private lenders to secure predevelopment, bridge, construction and permanent financing.
Evaluate, engage, and manage architects, engineers, general contractors, construction managers, and other real estate development consultants,
Negotiate investment terms with equity partners in the syndication of low-income housing tax credits and other financing programs. Negotiate terms with lenders on construction and permanent financing.
Monitor and evaluate all phases of schematic design, design development and construction documents.
Manage project budgets through use of job cost accounting. Interface with finance and accounting teams to submit loan draws and manage insurance.
Monitor construction and ensure that projects are delivered with high quality craftsmanship, on time and on budget. Management payment applications and change orders. Ensure compliance with prevailing wages, HUD Section 3, and other mandated requirements, to the extent applicable.
Work closely with Asset Management and Property Management to secure input on prospective projects and share progress information on existing projects. Ensure a smooth transition to operations.
Assist in the development of department policies and procedures, report forms, acquisition memos, and other standards etc.
Other duties as assigned from time to time.
Required Knowledge, Skills and Abilities
Education and Experience:
Applicants should have 5 plus years of experience in affordable/real estate development and/or financing of multifamily housing. Position requires strong knowledge of affordable housing real estate development, affordable housing funding programs, real estate finance, construction, and permitting/entitlement processes, and community engagement. Graduate degree in planning, business or related field highly desirable.
Frequent walking, bending, standing and lifting.
Competitive exempt salary with excellent employee benefits including paid medical, dental, vision, 403(b) retirement plan with match, paid long-term disability, paid time off, and many others. Position is located in Culver City, California. No relocation assistance provided.
For prompt consideration, please send resume with salary history and expectations to email@example.com or FAX to (310) 258-0714. To learn more about our organization, visit www.centuryhousing.org