Real Estate Development Project Manager
Victory Housing Corporate Office
- Rockville, MD
- $95,000-120,000 per year
- Permanent
- Full-time
- Coordinate the work of the project team, including but not limited to the architect, attorneys, engineering and environmental services, and general contractor.
- Coordinate the development process from predevelopment and acquisition, through site plan review, zoning, design and permitting.
- Prepare project budgets and pro formas to assess feasibility and present to potential funders, investors, and partners.
- Coordinate financial closings, due diligence, monitoring progress and checklists, and assuring timely completion of all steps required for a successful transaction and handling related post- closing obligations.
- Prepare periodic reports for Senior Vice President, staff, and board members regarding pipeline and active projects.
- Leverage financial, political and community support for projects. Work with neighborhood groups and government staff to secure regulatory approvals.
- Prepare applications for project funding, including pre-development, construction and permanent financing and submit related applications and documentation as required by lenders/funders.
- Oversee financing, from application to closing.
- Oversee and coordinate team through construction, monitor the schedule, cost and quality of work.
- Monitor compliance and tenant-related issues through lease-up and coordinate legal and accounting support as needed.
- Prepare construction draw requests as needed and submit status reports to funders as required. Prepare close-out reports for property management and asset management.
- Experience with federal, state and local housing programs and funding sources, including the Low-Income Housing Tax Credit, bonds, FHA, GSE’s, and HOME and ability to run budgets and pro formas including these sources as required for projects.
- Capacity to effectively manage the development team, including legal, finance, design and construction. Prior experience in any of these fields a plus.
- Able to successfully coordinate a multi-faceted project. Demonstrated ability to manage detailed task lists and to meet budgets and deadlines.
- Eager to learn new skills and master complex development assignments in a collaborative environment. Strong organizational skills, self-starting and self- directed work habits. Detail-oriented.
- Good oral and written communication skills, including ability to make presentations to civic leaders, residents and neighbors.
- Able to walk around properties and construction sites, including climbing stairs and navigating sites with limited access. Local travel in the DC metro area required.
- Superior proficiency in computer software, including Word, Excel and Power Point.
- Minimum of a BA/BS in real estate, planning, finance, or other related discipline. Graduate degree preferred.
- At least 5 years of real estate development experience, preferably with some experience with affordable and mixed-income housing projects.
- Experience with the Low-Income Housing Tax Credit program
- Skills in preparing and analyzing financial models and working with complex Excel spreadsheets essential. Demonstrated experience preparing development budgets and financial projections.
- Knowledge of construction, architecture, sustainability and resiliency, property operations and other applicable fields are also desirable.
- Excellent written, oral, and interpersonal communication skills.
- Demonstrated organizational, project management, and work planning skills.
- Ability to be flexible and adaptable in a fast-paced work environment.
- Ability to work independently.