Project Manager, Real Estate Development

About the role

The Project Manager - Real Estate Development in San Francisco oversees teams of vendors, consultants and general contractors and leads the process of developing multi-family affordable and supportive housing projects for formerly homeless, special needs, and low-income households. This position requires familiarity with all phases of the development process and can navigate various phases, including design, entitlements, financing, construction, lease-up and transition to operations. Knowledge of real-estate law and finance are required. The Project Manager is a high-level decision-maker that can identify and manage risks.

Responsibilities

• Funding Applications/Due Diligence:
  • Draft and compile funding applications to private and government sources, including financial projections and narratives, ensuring all requirements are fulfilled.
  • Research and report on regulatory requirements applicable to the design, financing/feasibility, and management of affordable housing development and rehabilitation projects.
  • Lead due diligence studies; review, interpret, and report on findings to senior staff and make recommendations to mitigate risk.
  • Independently lead escrow closings, coordinating and responding diligently to lender, investor, and consultant requests.
• Development Execution:
  • Complete draw requests and pay applications for project funding sources.
  • Assist with project accounting responsibilities, including expense coding and invoice/work order/payment application review for accuracy and adherence to approved contracts.
  • Manage all payment approvals and timelines.
  • Manage lender and funder requirements during construction, and process pay applications and disbursements.
  • Track project deliverables and changes to scope, budget, and schedule throughout implementation, including attending construction meetings.
  • Synthesize relevant information to communicate project status to internal and external partners.
  • Monitor and prepare progress summaries of development activities for management.
• External Engagement:
  • Coordinate development activities with community stakeholders, development partners, and design professionals.
  • Organize community engagement events to solicit community input on projects.
  • Manage vendor and consultant teams, holding them accountable for deliverables.
  • Present and negotiate competitive proposals for services and coordinate scopes of work to meet project needs.
  • Perform financial analysis and feasibility studies of new housing development sites for the agency, including capital sources and uses, operating income and expenses, and potential debt service.
• Portfolio Pipeline:
  • Draft responses to Requests for Proposals; analyze and recommend contractor bids; monitor progress; and process invoices for rehabilitation projects on existing assets in coordination with property management.
• Organization:
  • Prepare correspondence and drafts (external and internal), including memos, letters, reports, presentations, agendas, meeting materials, and minutes.
  • Organize project collateral, files, and electronic data. Scan and file all project-related documents in the appropriate project folders.
• Other duties as assigned.

Qualifications

• Bachelor’s degree in Construction Management, Civil Engineering, Business, Urban Studies, Planning, Architecture, Finance, or a related field.
• Strong knowledge of real estate and affordable housing finance, including financial analysis, as well as real estate law (strongly preferred).
• Demonstrated interest and experience in affordable housing and/or social justice.
• Minimum of 3 years of experience in construction-related project management.
• Minimum of 2 years of experience in affordable housing development.
• Excellent verbal and written communication, organizational, and time-management skills.
• Self-motivated with the ability to proactively create and improve processes to support position responsibilities.
• Outstanding communication skills and a high degree of emotional intelligence and cultural humility, with a proven record of building and maintaining effective relationships with a wide variety of internal and external stakeholders.
• Strong analytical and problem-solving abilities with meticulous attention to detail.
• Ability to work effectively both independently and collaboratively within teams.
• Exceptional interpersonal, organizational, and communication skills; integrity; respect for confidentiality; and sound judgment and decision-making abilities.
• Highly organized with the ability to manage competing priorities.
• Ability to quickly grasp and synthesize new concepts.
• Use of a personal vehicle required, along with proof of a valid and current California driver’s license, current auto insurance, and a clean DMV record.
• Proficiency in Microsoft Office.
• Knowledge of California and Federal State affordable housing programs.
• Experience in securing entitlements, zoning/planning approval, building permits (preferred).