Development Manager (Affordable Housing) at Jobot
Los Angeles, CA 90012
About the Job
Development Manager needed for Affordable Housing company in Los Angeles!
This Jobot Job is hosted by: Christine McNamara
Are you a fit? Easy Apply now by clicking the "Quick Apply" button
and sending us your resume.
Salary: $125,000 - $150,000 per year
A bit about us:
The Development Manager will be responsible for coordinating and closing the acquisition/purchase of assets, coordinating predevelopment activities, managing relationships with lenders and investors, orchestrating financial closings, and assisting with the coordination process during the construction phase.
Why join us?
Job Details
Responsibilities:
Qualifications:
Interested in hearing more? Easy Apply now by clicking the "Quick Apply" button.
This Jobot Job is hosted by: Christine McNamara
Are you a fit? Easy Apply now by clicking the "Quick Apply" button
and sending us your resume.
Salary: $125,000 - $150,000 per year
A bit about us:
The Development Manager will be responsible for coordinating and closing the acquisition/purchase of assets, coordinating predevelopment activities, managing relationships with lenders and investors, orchestrating financial closings, and assisting with the coordination process during the construction phase.
Why join us?
- 100% medical, dental, & vision for employee and all dependents
- 403B plan
- Pension plan
- Generous PTO and sick leave
- Work from home flexibility
Job Details
Responsibilities:
- Financing: Coordinate preparation of loan packages for acquisition, development, construction and permanent financing. Coordinate application packages to CTCAC, CDLAC, ADOH, TDHCA, and MFA, and all other public agencies for funding allocations.
- Packaging of Project Acquisition/Funding Proposals: Coordinate the preparation of proposals to local, state, and federal agencies, including responses to Requests for Proposals/Qualifications (RFPs/RFQs). Prepare business term sheets that serve as the basis for all housing and regulatory agreements. Establish and periodically update proformas (including predevelopment budget, timelines (including major milestones).
- Budget Administration: Prepare original budgets and cash flows for all phases of projects and coordinate with the Construction and Accounting departments on any necessary future revisions to those budgets and cash flows. Monitor ongoing project budgets to ensure compliance.
Qualifications:
- BS/BA - Bachelor of Science degree in Accounting, Finance, Business Administration, Urban Planning, or other Management related field
- Experience in Low Income Housing Tax Credits
- Experience with specialized affordable housing financing programs such as Low-Income Housing Tax Credits, HOME funds, tax-exempt bonds, AHP, and other federal, state, and local funding sources.
- Experience supporting, documenting and structuring the acquisition of apartment projects and/or land
- Supporting, documenting and understanding operating costs of apartment projects
Interested in hearing more? Easy Apply now by clicking the "Quick Apply" button.
Salary
125,000 - 150,000 /year
