1855 AH – Development Project Manager

Gillian Executive Search, Inc.     Construction | Development     Affordable Housing | Multifamily     San Jose-CA     May 3, 2021

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Gillian Executive Search, Inc.

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Position Overview

project manager responsible for development of affordable housing new construction and rehabilitation projects financed with tax credits

About the job

The position is responsible for managing the development process for affordable housing new construction and rehabilitation projects financed with tax credits, including acquisitions evaluation, arrangement of financing, municipal entitlements, neighborhood outreach, and oversight of the design and project consultants in collaboration with other members of the development and construction team.

The position is based in the San Jose office but would involve work primarily within Santa Clara, San Mateo, and Alameda counties. The position reports to the Sr. Vice President of Development and will work in collaboration with the company Principals, and other development and construction team staff.

Responsibilities, by phase, include:
Acquisitions:

  •         Identify sites in municipalities with potential local funding programs
  •         Participate and prepare a response to RFP’s and RFQ’s
  •         Prepare and submit LOI’s and coordinate with brokers/owners
  •         Work with SVP to enter purchase and sale agreements, after review and approval by senior management
  •         Prepare due diligence on properties under contract

Entitlement:

  •         Develop the project program, initial project proformas, budgets, and schedule
  •         Obtain entitlements (State, City, Regional, Planning, Public Works, Building, Utility, etc.), including public presentations to neighborhood groups and public approval bodies
  •         Selection and management of consultant team, including negotiation of contracts in collaboration with internal construction and development team
  •         Work with senior management in the selection of non-profit partnerships for services, and property management

Financing:

  •         Obtain and close financing for the project including identifying sources, submitting applications/RFPs and negotiating terms
  •         Identify proposed project funding partners and sources
  •         Obtain letters of interest and proposed terms from capital sources as required for support of acquisitions and funding proposals
  •         Work with preconstruction capital sources to secure preconstruction funds, including applications and due diligence
  •         Work with senior management driving the completion of partnership agreements, and construction loan agreements
  •         Manage existing relationships with project debt and equity sources, and identify new capital relationships and sources as required
  •         Management of financial reporting and coordination with internal accounting department to track monthly budgets and quarterly forecasts

Permits and Construction:

  •         Management of consultants and/or internal design-build process to achieve targeted project construction budgets, schedules, and quality standards
  •         Represent the company during the design-build and construction phase when lead by contractor, or in collaboration with the development team
  •         Work with development team members on review and approval of consultant and construction change orders
  •         Develop a good working relationship with the construction manager on each project
  •         Direct value engineering efforts and implement design modifications where necessary in collaboration with the contractor
  •         Work with the development team to secure all required government permits and approvals

Marketing, Sales, Leasing, Closing:

  •         Oversight of marketing and leasing consultants
  •         Selection and negotiations of property management partners, and service providers, in collaboration with senior management
  •         Coordination of final financing audit and compliance packages

Desired Qualifications Include

  • Minimum of 3 years working with multifamily residential construction projects using tax credit and bond financing
  • Public presentation skills
  • Tracking and reporting budgets using excel
  • Communicating well with design consultants and in-house general contractor
  • Knowledge of luxury apartment construction quality standards and marketability
  • Desire to work in a diverse, entrepreneurial company and environment

Compensation: Above market – base plus bonus and benefits. Call Kipp Gillian to learn more [email protected] , 866-600-0437 x1

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