Responsibilities Related California is seeking a Senior Project Manager or Project Manager, depending on experience, for its Northern California Affordable Housing division, located in San Francisco, CA. The successful candidate will have excellent quantitative, analytical and communication skills, as well as a demonstrated understanding of affordable housing development in California.
The Senior Project Manager/Project Manager will be responsible for all aspects of project development including new business, entitlements, design, financial analysis and modeling, deal memo preparation, due diligence, legal oversight, budgeting, and construction. This role is a key team position that will provide the candidate with professional growth and exposure to all aspects of affordable housing development.
ResponsibilitiesFinancial Analysis: Develop and manage project proforma model, including development cost projections, cash flows, tax credits; identify and understand funding sources and funding source requirement.Acquisition: Perform financial analysis and due diligence for new development opportunities, complete underwriting and cash flow analysis, and respond to Requests for Qualifications or Proposal.Government Subsidy: Complete detailed financing applications for various state and local funding programs, including TCAC, CDLAC, and HCD.Planning and Design: Work with consultant team, including architect, engineers, energy and other consultants. Oversee deliverables and keep team on track.Entitlement Processing: Apply for and obtain land use approvals and building permits. Assist in preparation of community outreach documents and attend community outreach meeting.Operations: Prepare budgets and schedules, cash flow projections, deal memorandums, financial forecasts and strategic plan.Transactions: Manage the closing process for real estate transactions including acquisition, construction loan closing and conversion.Construction: Coordinate loan draws, forecast project budgets and cash flows, and manage project deliverables to ensure projects are delivered on time and on budget. Participate in draw meetings and coordinate with construction manager.Lease up/Marketing: Coordinate with property and asset management to meet lease-up targets.Compensation$120,000 - $180,000 / yearAnnual performance based bonusQualifications QualificationsBachelor's Degree preferably in real estate, business administration, public policy and planning or a related field, Master's Degree in related field a plus.3 to 7+ years of direct experience in multifamily and/or affordable housing development.Experience with managing affordable housing development in California and with financing programs such as MHP, IIG, AHSC, LIHTC, and PAB.Strong quantitative skills and proficiency in MS Office (Word, Excel, and PowerPoint) are a prerequisite.Strong project management skills, results-driven with ability to manage multiple deadlines.Organized and keen attention to detail with an ability to manage multiple deadlines, tasks and assignments.Strong intellectual curiosity and motivated to advance as an affordable housing professional.Suitability to a fast-paced environment and an entrepreneurial culture that places a premium on performance.Must be a team player but also a self-starter that can perform with limited direction.Excellent written and verbal communication skills.Sensitivity to populations served.Desired, but Not Required Qualifications: Experience in San Francisco Bay Area.Knowledge of CEQA, including experience with planning and entitlements processes in California.Experience with HUD and Public Housing Authority programs and projects.Masters Degree in related field.Related values diversity in backgrounds and experiences. We are proud to be an equal opportunity employer and are deliberate about the team and culture we are building. We aim to ensure competitive total compensation that is commensurate with experience, workplace geography, and market standards.
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