Location: Koreatown, Los Angeles, California, 90010
Under the direction of the Director of Housing, the Project Manager is responsible for all activities related to the development of at least two affordable multifamily housing developments.
- Manage at least two (2) projects through the development process with little supervision.
- Perform due diligence and feasibility analysis for acquisition sites and new projects.
- Manage the entitlement approval process to ensure complete and timely submissions and obtain approvals consistent with the development schedule.
- Lead the community outreach process by developing and implementing community outreach plans, attending stakeholder meetings, presenting at public hearings.
- Assemble and manage the development team including: negotiating and monitoring contracts; coordinating the work of the design consultants; overseeing the design of the project; ensuring the project complies with all regulatory requirements, commitments made, and ACOF’s standards.
- Prepare and update financial proformas. Monitor development and construction budgets.
- Prepare, update, and adhere to project development schedules.
- Collaborate with asset management, property management, and resident services during the predevelopment, construction, and lease-up phases to ensure accurate budgets, high quality designs and smooth transitions to the operational phase.
- Secure and close all public and private predevelopment, construction, and permanent financing needed to complete development projects.
- Manage the construction process including but not limited to: reviewing and processing pay applications, attending construction meetings, reviewing change orders, managing consultants to ensure timely responses to requests for information; ensuring punch list items are addressed.
- Complete administrative tasks as needed to complete essential duties and responsibilities.
- Perform well under stress and interact well with others.
- Meet with the Director of Housing regularly to provide project updates.
To perform effectively in this position, the Project Manager must have:
- A Bachelor’s Degree in Real Estate, Urban Planning/Studies, Finance, or Public Policy.
- Two (2) years of experience as an Assistant Project Manager or One (1) year as a Project Manager managing low-income housing tax credit projects.
- One (1) year experience preparing proforma financials for low-income multifamily housing developments.
- Prepared at least two loan or grant applications and one construction closing or permanent loan conversion for low-income housing projects.
- Experience presenting at two (2) community meetings or public hearings.
- Proficiency in Microsoft Office Software (Word and Excel).
- Valid California driver’s license.
- Ability to meet California minimum and ACOF insurance requirements.
- Access to a personal vehicle to be used to conduct ACOF business.
- Ability to lift 30 pounds.
- Two (2) years of experience as a Project Manager managing low-income housing tax credit projects.
- Basic knowledge of financing sources available for affordable housing.
- Experience with preparing various funding applications.
- Ability to close construction and permanent financing with minimal supervision.
- Strong knowledge of financing sources available for affordable housing.
- Graduate Degree in related field; e.g. urban planning, business, real estate development.
- Familiarity with reading architectural plans and the construction process.
- Ability to communicate effectively orally and in writing.
- Proficiency in Microsoft Project, Microsoft PowerPoint, and Adobe Acrobat.
ACOF is a nonprofit affordable housing development corporation founded in 1988 with the goal of developing housing for individuals and families with special needs. Its mission is to end homelessness through the provision of quality permanent supportive housing for people with mental illness. ACOF’s values are Dignity, Excellence, and Community.
A Community of Friends is an Equal Employment and Affirmative Action Employer F/M/Disability/Vet/Sexual Orientation/Gender Identity