Senior Project Manager, Real Estate Development

About the role

The Senior 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: Research and report on regulatory requirements applicable to the design, financing/feasibility, and management of affordable housing development and rehabilitation projects.
• Lead Due Diligence: Lead due diligence studies; review, interpret, and report on findings to senior staff and make recommendations to mitigate risk.
• Escrow Closings: 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 Deliverables: 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. 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. 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: 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: 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 2 years of experience in affordable housing development (preferred), or construction-related project management.
• 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.
• Able to work effectively both independently and collaboratively within teams.
• 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.
• Prior knowledge of California and Federal State affordable housing programs (preferred).

Benefits and Perks

$145,000 - $160,000 annually DOE. This position includes an annual performance based bonus program. 12 paid Holidays per year. 100% medical, dental and vision benefits for employees and agency dependent health care contribution. Voluntary benefits: FSA, EAP, Commuter Checks, Life Insurance, Legal, and more. 3% retirement match/contribution. Professional Development Trainings and Opportunities, Leadership Academy Programs, and All Staff Events.