Real Estate Development Project Manager

Position Title: Real Estate Development Project Manager

Supervisory Relationship

Senior Real Estate Development Manager

Organization General Description

For more than three decades, The Resurrection Project (TRP) has worked to improve the lives of individuals and families by creating wealth, building assets, and engaging residents to be catalysts for change. Rooted in the Pilsen community, TRP’s social impact extends across the City of Chicago and through the State of Illinois. The mission of TRP is to build trusting relationships to educate and propel individuals, immigrants, and families to achieve their social and economic aspirations, stable homes, and equitable participation in their community. Anchored by the belief that building power in an immigrant community will improve the quality of life for families, TRP is committed to reducing disparities communities of color face in areas of access to legal services, home ownership, wealth creation, education, and health outcomes. An experienced Real Estate Developer, TRP has created and preserved 1,090 units of affordable housing across 323 properties and has leveraged more than $820 million in community reinvestment from an initial seed capital of

$30,000 over the course of 30 years.

General Job Description

The Real Estate Development Project Manager will work closely with the Senior Real Estate Development Manager (SREDM) on a variety of projects ranging in stages of planning and construction, managing all phases of affordable housing development, including site selection, feasibility analysis, entitlement, design, and construction.

The Real Estate Development Project Manager will be expose to all real estate development activities from the planning stage – predevelopment due diligences - through construction completion stage to finally the disposition of the asset either to TRP’s Property Management Division or the owner of the asset. Additionally, the Real Estate Development Project Manager is responsible for real estate research, completing real estate development reports and other duties assigned by the SREDM.

Primary Job Duties and Responsibilities

· Work with SREDM to learn from and support him in all real estate development duties: selection of site for the project and defining financing strategies to creatively combine multiple financing resources that ensure long term project feasibility while being consistent with TRP’s mission.

· Work with SREDM to plan acquisition strategies: identify, research, analyze and acquire properties for development.

· Work with SREDM in managing relationships with development team members (legal counsel, architect, general contractor, real estate professionals, financial

partners, and others) in the negotiations of acquisitions, preparing sales contracts,

securing acquisition financing, gaining site control, acquiring, and developing properties.

· Work with SREDM to complete due diligence of selected properties: underwriting criteria, appraisals, surveys, environmental reports, zoning change, and market studies to mention some diligences.

· Conduct construction inspections and prepare construction reports in a timely manner.

· Prepare progress reports and correspondence to all related parties with the Project: directors, leadership teams/committees, staff, and partners/investors.

· Conduct research regarding rent levels, commercial space, household incomes, building operating expenses, zoning, marketing, environmental issues, and construction costs.

· Prepare development and operational pro-forma budgets for proposed sites.

· Develop and maintain relationships and knowledge of programs with government agencies, particularly the Illinois Housing Development Authority (IHDA), and or Housing and Urban Development (HUD)], the city of Chicago Department of Housing and Department of Planning and Development, financial institutions, and other sources of permanent and pre-development financing.

· Prepare and submit applications, coordinate duties to obtain commitments, and close on project financing in a timely manner.

· Create and maintain a database of properties that are, or may become, available in the communities where TRP works (locations, building conditions, sale prices, ownership, etc.).

· Develop and maintain an accurate and complete project filing system to document costs and expenses, pro formas, correspondence, achievement of milestones, etc.

· Facilitate community outreach and engagement to ensure alignment with local needs.

· Maintain required job skills and all professional competencies.

· Attend and participate in required educational programs and staff meetings.

· Perform other duties as assigned.

Performance Measures

· Achievement of project annual goals.

· Timely, quality production of development budgets, operational budgets, and other financial documents.

• efective, consistent execution of day-to-day responsibilities.

· Effective, strategic development of relationships with peers, leaders, and partners.

· Active participation in required staff meetings and programs.

Essential Knowledge and Skills

· Bachelor’s Degree 5 years of work experience in development finance, real estate development, real estate finance, or community development required.

· Bilingual/Bicultural: English/Spanish preferred

· Proficient knowledge of MS Word, MS Excel, MS Power Point, and Internet programs required. Experience with MS Access and GIS mapping program preferred.

· Excellent written and oral communications skills and demonstrated public presentation skills.

· Demonstrated ability to build relationships and work effectively with people of diverse social, faith, economic and racial/ethnic backgrounds.

Special Working Conditions and Demands

· Must be able to work some evenings and weekends.

· Ability to travel within the Chicago area and sometimes out of state.

· Ability to visit construction work sites/hard hat areas, including walking and maneuvering on uncompleted floor surfaces, among construction materials and debris, and climbing stairs and ladders

Benefits

· Health, dental, and vision insurance

· PTO and paid holidays

· Professional development opportunities

· Mileage reimbursement for occasional inter-office travel

Position Classification & Salary

Full Time, Exempt. 75K – 85K

Statement of Equal Opportunity

The Resurrection Project is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex (including pregnancy), national origin, ancestry, age, marital status, sexual orientation (including gender identity), military status, disability, language (any language use not related to job duties), or any other status protected by applicable federal, state, or local law.

Job Type: Full-time

Pay: $75,000.00 - $85,000.00 per year

Benefits:

• 401(k)
• 401(k) 8% Match
• 401(k) matching
• AD&D insurance
• Dental insurance
• Flexible spending account
• Health insurance
• Health savings account
• Life insurance
• Parental leave
• Retirement plan
• Vision insurance

Work Location: Hybrid remote in Chicago, IL 60608

Salary : $75,000 - $85,000