Project Manager

Firm: MidPen Housing.org
Location:
Foster City

Payment: Paid
Category: Community Development
Contact: Angelica Alarez
aalvarez@midpen-housing.org

Posted: Jan 30, 2014

Summary:


The Project Manager is responsible for managing all aspects of the development process for refinancing and repositioning key assets in MidPen’s existing portfolio and new acquisition rehab projects to ensure long term sustainability both physically and financially. Under the supervision of the Directory of Housing, the Project Manager is responsible for collaborating with internal and external partners to define scope, indentify financing plan, and overall execution of asset re-positioning. A central part of the long term sustainability of existing properties requires attention to minimizing long term operating costs at the properties both for the Owner and residents. As a result, a key part of the asset repositioning strategy if the implementation of energy efficient and green building measures designed to reduce long term operating costs, improve indoor air quality and promote resource conservation.

Job Description:

Project Conceptualization & Feasibility Analysis
•Working with the Asset Management team, VP and Director of Real Estate, and Facilities Manager, identify current MidPen properties that are potential candidates for major recapitalization and rehabilitation.
•Procure and review of due diligence reports for candidate properties.
•Using both existing information and information from newly commissioned studies, lead preparation of property feasibility analysis.
•Prepare conceptual financial analysis for candidate properties for review by internal team.
•Prepare and maintain a critical path schedule showing timing of key project milestones.
•Using MidPen Building Standards, develop a scope for the rehabilitation that balances internal requirements of Asset Management and Facilities.

Project Financing
•Secure and close financing for projects which involve acquisition, major rehabilitation and/or recapitalization (total cost in excess of $3m or where new source of funds are secured).
oCreate and maintain up-to-date proformas that accurately reflect the project budget, expenses to date and financing plan
oPrepare and submit financing packages including but not limited to soft debt, CDLAC, TCAC
oEnsure that debt and lihtc equity terms benefit projects and adhere to MidPen underwriting practices
oClearly document loan and partnership terms as part of internal approvals and for permanent files

Manage Entitlements & Permits Process
•Apply for and obtain required government permits and approvals as necessary or required.
oManage a team of design consultants through the process of obtaining planning approvals including identification of building code and accessibility issues.
oManage the community acceptance process
oManage the building permit process

Lead Project Team
•Lead a team, including architects, engineers, contractors, attorneys, and other consultants through the development process
oManage the design process
oSolicit, evaluate, negotiate, and monitor contracts
oMonitor project costs, materials and schedule through construction, in consultation with Asset Management & Facilities Dept.

Internal Coordination:
•Initiate and maintain coordination with all internal stakeholder departments including Property Management, Finance, Asset Management and Resident Services.
•Ensure that the building program, financing plan, and operating budget reserves meet MidPen standards.
•Maintain accurate budget and schedule for review by the Vice President of Real Estate and other internal partners.
•Communicate schedule and budget changes in a timely manner
•Prepare reports to the Development Committee and Board of Directors regarding project status as requested

Green Priorities
•Oversee implementation of green standards on designated properties to achieve overall green building goals related to long term sustainability of the building, both physically and financially.
•Identify, evaluate, and implement potential sustainable technologies, retrofits, and financing opportunities for the existing portfolio.

Represent MidPen
•Represent MidPen before public bodies as needed
•Network with appropriate groups and individuals
•Develop and maintain positive relationships with all internal and external entities

Project Close-out & Transition to Operations
•Prepare project summary and execute file transfer to central files

Performs other assignments as requested.

Qualifications:
•Graduate or Professional degree in Urban Planning, Community Development, Architecture or related fields with an emphasis on real estate development, or commensurate experience
•At least three years prior experience in low-income housing development with a focus on rehabilitation of existing properties.
•Experience in securing entitlements and financing for at least one development for which the person had primary responsibility during all phases of development.
•Thorough knowledge of Federal, State, Local, and Private sources of financing for low income housing
•Excellent written and oral communication skills
•Good political instincts and judgment
•Excellent organizational and project management skills
•Ability to work in fast-moving, flexible environment.
•Proficient in Microsoft Office, including Excel, Word, PowerPoint, and Project.
•Demonstrated proficiency with Build It Green requirements.
•Preferred candidate would also have the Build It Green “Green Building Professional” certification or LEED AP certification.