Housing Development Project Manager
|Location:||New York, NY|
|Employment Type:||Full Time|
|Description:||Housing Development Project Manager|
Comunilife's Real Estate Department is growing! We have projects at every phase of development – from initial underwriting to rent-up, along with an established portfolio.
Founded in 1989 by its President/CEO, Rosa M. Gil, DSW, Comunilife is one of NYC's most respected
community-based health and housing service providers. Our rich continuum of care supports the needs of 3,000+ low-income and vulnerable New Yorkers, providing more than 1,900 units of affordable and
supportive housing for homeless adults living with HIV/AIDS, serious mental and behavioral health issues and co-occurring health issues, and other key services.
Reporting to the Vice President for Real Estate and Asset Management, the Housing Development Project Manager has an essential role in fulfilling Comunilife’s mission. The Project Manager must have experience managing complex affordable and supportive housing projects from initial assessments, site selection and pre-development through design and construction.
This includes the following areas: Feasibility assessment and project funding and underwriting; Project closing and administration; Project construction, monitoring and completion; Coordination of community and residents processes; Preparation of reports required for internal project management, funders and investors; and, Coordination of marketing and lease- up with any appropriate staff to ensure that occupancy and financial goals and restrictions are met.
-A deep understanding of and experience with affordable housing, green design and construction for new development, and retrofit of existing buildings.
-Knowledge and understanding of tax credit financing/compliance and supportive housing.
-Managing projects so that they are completed on time and on budget.
1) Project Administration and Construction Closing: Manage the development team to ensure that the
project pre-development schedule is adhered to. This includes financing, design and construction
consultants. Coordinate property acquisitions and closings with funders and attorneys. Manage permitting and approval process with municipal officials, legal counsel and architects. Coordinate community outreach and resident processes. Prepare related reports required for board, internal management, funders and investors.
2) Feasibility and Project Funding: Work with staff and consultants to conduct, review and refine the
analysis of overall economic feasibility as needed. Assist with identification of funding opportunities;
prepare or coordinate tax credit, bond and other applications or proposals, and all materials necessary to secure commitments as needed. Assist in preparing documents for the Board of Directors and its Housing
and Finance Committees.
3) Project Construction, Monitoring & Permanent Closing: Closely monitor the construction process and
push projects to finish on time and within budget. Work with project team to resolve financial and other
issues that arise during this period. Assure compliance with tax credit, bond and other agreements. Provide
asset management team with financial closing summary. Work with asset management in addressing any
tax-related or post-closing financial or building performance concerns. Coordinate marketing and lease-up with property management staff to ensure that timely occupancy and financial goals are met and the agency
complies with regulatory restrictions necessary for stabilization of the project.
4) Support Existing Agency LIHTC and Affordable Housing Projects: Assist in planning and carrying out
limited or substantial rehabilitation of existing agency owned LIHTC and affordable rental housing
projects. Conduct other asset management monitoring and analysis activities as directed.
5) Project Prospecting, Initiation, and Programming: When needed, assist in identifying and researching
properties for potential acquisition and assist with site control. Ensure completion of necessary due
diligence to protect the owner and investors.
|Qualifications:||REQUIRED JOB QUALIFICATIONS:|
Education and Experience:
● A deep understanding of and experience with affordable housing, development and construction for
both new development and retrofit of existing buildings.
● Knowledge and understanding of tax credit financing/compliance and supportive housing.
Underwriting experience is preferred.
● Experience managing new construction projects so that they are completed on time and on budget.
● Bachelor's degree from four-year college or university and minimum of three years of professional
experience in affordable housing development. Preferred experience includes application of low-income
housing tax credits; or
● Master’s degree and two years of professional experience. Preferred experience includes application of low-income housing tax credits.
● Operates in a professional office environment with travel to local offices, construction sites, facilities,
community partners, and events