The mission of Mutual Housing California is to develop, operate and advocate for sustainable housing that builds strong communities through resident participation and leadership development. We strive for a work environment that is marked by honest, responsible and sincere interaction. As a team, our aim is to support each other to achieve individual and organizational goals. An interesting and challenging experience awaits you as a prospective employee of Mutual Housing.
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Housing Development Project Manager
- Job Title
- Housing Development Project Manager
- Sacramento, CA 95820
- Other Location
The Project Manager will be responsible for the development of sustainable multifamily housing affordable for low income households in our mutual housing association’s service area. Development will include construction of new multifamily housing and acquisition and renovation of existing distressed multifamily housing. Project manager will oversee the development process from initial feasibility of development concept, obtaining local development approvals and raising development capital, to construction completion and closing of permanent financing.
Essential Duties and Responsibilities
Include the following. Other duties may be assigned.
- Assist in making initial assessments of project feasibility, including expectations of local approvals, development and/or rehabilitation costs, and financial feasibility.
- Carry out due diligence evaluation of sites, including ordering and analyzing appraisals, inspections, preliminary title reports, and environmental reviews, and conducting initial market analyses.
- Assist in negotiations for property acquisitions.
- Oversee local government review and approval processes for specific developments.
- Assist in selecting contractors and negotiating contracts for architectural, engineering, sustainability consulting and construction services. Coordinate work of these consultants throughout the development process.
- Prepare development and rehabilitation budgets and financial proforma to demonstrate economic feasibility and calculate subsidy requirements.
- Prepare funding and tax credit applications to public and private loan and grant sources, foundations, and conventional lenders for program operation, housing acquisition, predevelopment, rehabilitation, and permanent financing, and manage loan and grant closings.
- Prepare billings to predevelopment and construction lenders and maintain accurate records of project expenditures.
- Coordinate inspections and oversee the progress payment process during construction/rehabilitation.
- Complete required reports for financing agencies and internal use.
- Provide support to asset management staff in oversight of mutual housing developments in operation and advising on building component replacement.
- Explain the acquisition and rehabilitation process and timelines to neighborhood and mutual housing residents and obtain design input from residents.
- May represent Mutual Housing on one or more community organization boards.
- Carry out other duties as required to further SMHA's mission in the provision of sustainable housing that builds strong communities through resident participation and leadership development.
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- Demonstrated commitment to providing resident-centered permanently affordable housing for low-income households.
- Ability to develop and maintain cooperative relationships with prospective contractors, residents of Mutual Housing, public sector staff and officials, lenders, funders, neighborhood residents, and other nonprofit organizations involved in housing development and services to low-income households.
- Strong verbal communication skills and evidence of clear writing ability.
- Ability to perceive problems and initiate timely corrective action. Demonstrated ability to work independently and to carry out multiple tasks simultaneously. Highly organized.
- Demonstrated ability to perform financial feasibility analysis.
- Ability to work in a team environment including multicultural settings
- Commitment to the principles, policies, and protocols of green building and operations.
- Must be able to travel to community or resident locations within a 120 mile radius of the work site.
- Willingness and ability to work evenings and occasional weekends.
- Ability to use Microsoft Office Word, Excel and Outlook
- Experience in developing and obtaining financing for at least one multifamily affordable housing development, or coordinating a neighborhood revitalization or housing program
- Certification in green building (Build It Green, HUD green operations, or other)
- Experience in the preparation of successful proposals for grant funding, government contracts and loan applications.
- Experience analyzing complex legal contracts, loan documents, and government policies and regulations.
- Experience reporting to and maintaining relationships with funders.
Under minimal supervision, exercises independent discretion in performance of most job responsibilities. Exercises considerable latitude; work is reviewed to determine if objectives were accomplished. Objectives are reviewed by top management to ensure alignment with goals. Establishes project objectives and delegates assignments. Decisions impact success of large projects, achievement of organizational objectives, and influence financial performance.
Bachelor's degree (B. A.) from four-year college or university and two to four years affordable housing, finance or community development experience and/or training. Masters degree in relevant field preferred.
Ability to read, analyze, and interpret common Scientific and technical journals, financial reports, and legal documents. Ability to respond to common inquiries or complaints from customers, regulatory agencies, or members of the business community. Ability to write speeches and articles for publication that conform to prescribed style and format. Ability to effectively present information to top management, public groups, and/or boards of directors.
Ability to work with mathematical concepts such as probability and statistical inference, and fundamentals of plane and solid geometry and trigonometry. Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations.
Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.
Work Environment/Physical Demands
The work environment characteristics and physical demands described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- The noise level in the work environment is usually moderate.
- While performing the duties of this job, the employee is regularly required sit, reach with hands and arms and talk or hear.
- The employee is occasionally required to stand and walk.
- May require lifting of up to 25 pounds
- Regularly required to use close vision to read documents and plans and distance vision to occasionally inspect construction or renovations.