Senior Project Manager (Affordable Housing)

SENIOR PROJECT MANAGER (AFFORDABLE HOUSING)

ABOUT DECRO

Since 1989 DECRO a California nonprofit tax-exempt affordable housing developer has been committed to meeting the critical shortage of affordable and permanent supportive housing for those who most need this housing individuals families and seniors who are homeless or at risk of becoming so and those whose wages do not keep pace with ever-increasing rents.

ABOUT THE POSITION

Under the direction of Decros Chief Executive Officer (CEO) and Chief Real Estate Development Officer (CRDO) the Senior Project Manager reports to the Director of Real Estate Development. The Senior Project Manager has primary responsibility for managing all stages of affordable housing development for a portfolio of three to four projects at any given time depending on size complexity and development phase. The Senior Project Manager is expected to lead complex projects from initial feasibility analysis and acquisition through financing entitlements construction lease-up and transition to operations while managing risk schedule budget consultants and key stakeholder relationships.

As a senior member of the development team this position provides strategic judgment anticipates and resolves complex project issues communicates effectively with executive leadership and the Decro Board and helps strengthen Decros development practices and organizational capacity. The Senior Project Manager directly oversees assigned entry level and mid-level development staff including setting priorities delegating work reviewing deliverables coaching performance and supporting professional development. The Senior Project Manager also represents Decro with public agencies financing partners community stakeholders and other external partners.

ROLES & RESPONSIBILITIES

Development Strategy Site Acquisition & Feasibility

• Identify and evaluate prospective affordable housing and mixed-use development opportunities consistent with Decros mission and growth strategy.
• Lead preliminary site due diligence feasibility analysis development concept evaluation and assessment of project risks opportunities schedule and financial viability.
• Prepare clear recommendations and decision materials for review and approval by the Director of RED and then submitted to the CEO CRDO and Decro Board for their consideration and decision.
• Lead the acquisition and due diligence process for approved sites including coordination of brokers attorneys consultants purchase and sale agreements escrow closing and related loan disbursements.
• Establish the overall project vision in consultation with executive leadership the project architect property management and service-provider staff including identification of target resident populations and long-term operational needs.

Project Finance Pro Formas & Capital Strategy

• Create maintain and regularly update project pro formas development budgets predevelopment budgets cash-flow projections and financial models for assigned developments and project entities.
• Evaluate project feasibility and recommend financial programmatic or development-strategy adjustments as assumptions change.
• Garnering community and political support by identifying stakeholder interests assessing stakeholder interests meeting with stakeholders preparing presentations and other documents as necessary attending and/or organizing meetings with stakeholders.
• Evaluate financing options (e.g. LIHTC tax-exempt bonds soft loans grants) and recommend optimal capital stacks.
• Independently prepare and timely submit accurate and complete funding applications that meet application requirements.
• Lead or coordinate preparation of financing applications and pursue predevelopment construction and permanent debt; Low-Income Housing Tax Credit equity; public subsidies; tax-exempt bond financing; and other conventional or non-traditional funding sources.
• Coordinate financing due diligence lender and investor requirements closing checklists approvals and compliance matters through financial closing and project completion.

Entitlements Public Approvals & Community Engagement

• Lead the land-use entitlement and public-approval process including development applications agency submissions schedule management and resolution of entitlement issues.
• Coordinate outside land-use consultants government and community relations consultants CEQA counsel relocation consultants architects and other specialists as applicable.
• Build productive working relationships with city officials and public-agency staff to advance project approvals and resolve development issues.
• Coordinate with the CEO CRDO and resident/community engagement staff on community outreach public hearings stakeholder engagement and related project communications.

Design Consultant & Development Team Leadership

• Direct and coordinate the multidisciplinary development team including architects attorneys engineers land-use consultants sustainability and accessibility consultants and other third-party professionals.
• Establish clear scopes deliverables schedules and accountability for consultants and actively manage performance throughout the development lifecycle.
• Coordinate design decisions with property management asset management resident services and other internal stakeholders to support long-term operating performance and resident needs.
• Work with Decros Controller and Accounting Department and executive leadership to review development invoices monitor consultant spending and maintain alignment with approved budgets.
• Identify project risks early develop practical mitigation strategies and elevate significant issues to the CEO and CRDO with recommended solutions.

Preconstruction Construction & Cost Management

• Under the direction of Director of RED work with the general contractor architect and construction manager to establish and manage project cost expectations from conceptual design through construction completion.
• Provide owner-side oversight during construction including management of the construction budget participation in job-site meetings review of key project decisions and coordination of development-team responses to construction issues.

Project Closeout Lease-Up & Transition to Operations

• Coordinate with Asset Management property management the construction manager and other partners on project marketing lease-up occupancy and transition to stabilized operations.
• Lead development-side coordination of construction closeout punch-list completion warranty items turnover documentation and resolution of outstanding development matters.
• Support an effective handoff to Asset Management and property operations and ensure that key project commitments financing requirements and operational considerations are communicated and documented.

Organizational Leadership & Portfolio Oversight

• Provide clear concise project reporting to executive leadership and the Board including project status key decisions budget and pro forma performance schedule risks and recommended actions.
• Capable of representing Decro professionally with public agencies lenders investors consultants community stakeholders and industry partners.
• Support consistent development practices tools and processes across the organization including project tracking financial modeling risk management and consultant oversight.
• Supervise assigned development staff including setting priorities delegating work reviewing deliverables coaching performance supporting professional development and fostering a collaborative accountable and solutions-oriented team culture.
• Perform other duties and special projects as directed by the Director of RED or the CEO or CRDO.

QUALIFICATIONS

• At least 5 years of progressively responsible directly related real estate development experience with substantial experience in affordable housing development strongly preferred.
• Demonstrated experience independently managing multiple complex development projects through major milestones such as acquisition entitlement financing construction and stabilization
• Advanced knowledge of the real estate development process including property due diligence and acquisition land use and entitlement site planning and design financing construction lease-up and project closeout.
• Preferred qualification - Review cost estimates evaluate value-engineering opportunities and ensure that design and program decisions remain aligned with approved budgets and financing requirements.
• In-depth knowledge of affordable housing finance including public subsidies Low-Income Housing Tax Credits tax-exempt bonds construction and permanent lending and equity investment structures.
• Strong proficiency in project pro forma analysis financial modeling development budgeting and Microsoft Excel.
• Ability to synthesize complex financial legal design construction and policy issues and make sound timely recommendations to executive leadership.
• Demonstrated ability to lead consultants and multidisciplinary project teams establish accountability and move complex projects forward through competing priorities and constraints.
• Demonstrated experience supervising and developing staff including delegating work setting expectations providing feedback and maintaining accountability for results.
• Ability to initiate and maintain effective cooperative relationships with colleagues project team members consultants local government agencies lenders and investors community stakeholders and external partners.
• Strong analytical problem-solving negotiation presentation and conflict-resolution skills.
• Demonstrated ability to communicate complex issues clearly and concisely in plain English both orally and in writing including with executive leadership Board members public officials and community stakeholders.
• Highly organized and detail-oriented with the capacity to manage multiple projects and deadlines simultaneously and remain accountable for results under pressure.
• Entrepreneurial creative and solutions-oriented approach to real estate development with strong judgment initiative collaboration and team-building skills.

COMPENSATION & BENEFITS

The annual salary range is $140000 to $160000. This is a hybrid role based in Culver City California. Benefits include employer-paid medical and dental insurance for the employee life insurance a 401(k) retirement plan with a 5% employer match after one year of continuous employment 14 paid holidays vacation sick and comp days a cell phone stipend and on-site parking.

DECRO is an Equal Opportunity Employer and encourages applications from qualified individuals regardless of gender race religion national origin sexual orientation gender orientation or different ability.

Envision Consulting was retained by DECRO to conduct the search for their incoming Senior Project Manager (Affordable Housing).

Applicants needing accommodation for any part of the application process may contact Envision Consulting at 626.714.7577 to request and arrange for assistance.