Development Project Manager

POSITION SUMMARY

The Development Project Manager is responsible for the day-to-day management of new construction and rehab development projects from concept through construction completion. The Development Project Manager will work closely with the Development Team of professionals to finalize site design, submit applications to state and local agencies, manage site and unit capital improvements, and lead the due diligence process to complete financial transactions. Keys to success in this role are the ability to drive objectives, meet deadlines, attention to detail, being highly organized, ability to convey key project milestones and challenges, and to thrive on innovation and creativity to provide viable solutions to accomplish a shared goal.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Primary duties include:

• Preparing and submitting all required financing applications to state and local agencies.
• Supervision of the due diligence process for acquisition, construction, and permanent debt financing.
• Reviewing financial proformas and updating financial projections to reflect changes in market conditions.
• Ensuring that the construction and renovation of real estate developments complies with federal and local regulations.
• Leading regular Owner/Architect/Contractor meetings.
• Regularly conducting site visits to validate progress and identify potential project risks and develop mitigation strategies to minimize impact on project timelines and deliverables.
• Collaborating with colleagues and third party professionals to manage the construction process, construction budgets, and development timeline.
• Managing the submission of construction draws.
• Utilizing feedback from property management team to ensure the sustainability of development projects.
• Submitting capital contribution requests to key stakeholders.
• Planning, coordinating and attending community and planning meetings.
• Cultivating positive relationships with key stakeholders, professional consultants, and local agencies.
• Periodically prepare and lead presentations for zoning requests.
• Periodically prepare submissions in response to Requests for Proposals (RFPs).

Essential functions for this position will require that the Development Project Manager:

• Becomes knowledgeable in the Low-Income Housing Tax Credit industry.
• Reviews proposals from key stakeholders and contractors.
• Collaborate with the Development Team to develop financial projections and long-term operating budgets.
• Collaborate with the Financial Analyst and Development Team to provide recommendations based on development proforma results, market research, local guidelines and various real estate metrics.
• Create and maintain complex development analysis on current and projected development budgets and Change Orders.
• Analyzes and interprets partnership agreements, debt modeling, and proposals from key stakeholders.
• Drive due diligence efforts to ensure the accuracy and timeliness of deliverables.
• Exhibits professionalism and integrity when representing HDC and its affiliates while attending and participating in professional functions.
• Keeps abreast of relevant changes in market conditions including financing products, interest rates, equity pricing and underwriting criteria.

QUALIFICATIONS

• A inimum 3 years’ experience in real estate, preferably within the development, real estate finance, or urban planning sectors.
• A Bachelor’s degree is required.
• Housing Development Finance Professional (HDFP) Certification is required in lieu of an advanced degree.
• Strong leadership skills to motivate and guide project teams towards achieving project goals.
• Proven experience in project management, particularly for real estate development projects.
• Strong organizational skills to manage multiple projects and priorities simultaneously.
• Ability to identify issues and propose effective solutions quickly.
• Excellent verbal and written communication skills to effectively convey information to team members and stakeholders.
• A high proficiency with technology is required to manage and analyze data using complex financial models.