Project Manager

A Community of Friends (ACOF) • Full-time • Los Angeles, CA • $95k - $110k / year • 1w ago

Project Manager

Location: Los Angeles, CA

Employment Type: Full-time

About the Employer

ACOF is a nonprofit affordable housing development corporation founded in 1988 with the goal of developing housing for individuals and families with special needs. Its mission is to end homelessness through the provision of quality permanent supportive housing for people with mental illness. ACOF's values are Dignity, Excellence, Equity and Community.

Role Summary

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

What You'll Do

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, presenting at public hearings.
Assemble and manage the development team by negotiating and monitoring contracts, managing the design process and overseeing the work of design consultants to ensure consistency with ACOF's standards, project program, budget, and development timeline, ensuring proper communication and coordination across the team, and ensuring the project complies with all regulatory requirements, commitments made, and contract terms.
Prepare, update and manage project proformas, predevelopment budgets, and construction budgets.
Independently prepare accurate and complete funding applications that meet application requirements on time.
Prepare and manage projects' development timelines, driving project tasks, and managing project consultants and 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 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, and checking for consistency with ACOF's standards.
Ensure accurate, timely and strategic communication with the project team, consultants, architects, partners, lenders, investors, community stakeholders, other departments within ACOF, and ACOF's senior management.
Negotiate financing terms, loan agreements, and partnership agreements with equity partners and project lenders while ensuring consistency with ACOF's standards and preferred terms as well as senior management's feedback.
Transition the project and all pertinent documents and information to Asset Management, Property Management, and Services.
Prepare accurate and complete documents including contracts, funding applications and forms.
Attend evening and weekend meetings and events, as needed, for managed projects.
Complete administrative tasks as needed to complete essential duties and responsibilities.
Meet with the Director of Housing regularly to provide project updates and discuss issues associated with development projects.
Function as the primary contact for project lenders, investors, partners, government agencies.

Required Qualifications

Minimum two (2) years of experience as an Assistant Project Manager for affordable housing development or equivalent position or one (1) year as a Project Manager managing low-income housing tax credit projects.
One (1) 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.
Excellent written and verbal communication skills.
Proficiency in Microsoft Office Software (Word, Excel, PowerPoint) and Adobe Acrobat.
Working knowledge of financing sources available for affordable housing.
Minimum two (2) years' experience preparing TCAC, CDLAC, various HCD funding, and local funding applications.
Experience completing feasibility analysis and due diligence for the acquisition of at least two (2) new development sites.
Problem-solving mindset with analytical thinking skills.
Attention to detail.
Ability to effectively synthesize information.
Prior experience and demonstrated ability in project management with ability to manage multiple deadlines.
Results and deadline driven.
Familiarity with reading architectural plans and the construction process.
Ability to perform well under stress and interact well with others.
Valid California driver's license.
Ability to meet California minimum and ACOF insurance requirements.
Access to a personal vehicle to be used to conduct ACOF business.
Ability to lift 20 pounds.

Preferred Qualifications

Two (2) 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 and 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 and tax exempt bonds, and one City/County capital funding source for an affordable housing development.
Graduate Degree in related field such as urban planning or real estate development.
Proficiency in Microsoft Project and Adobe Creative Suite.
Completion of LISC HDTI Basic Training.

Compensation

$95K–$110K

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