Overview
Real Estate Project Manager or Senior Project Manager Jobs in Silver Spring, MD at LIHTC Leaders
Title: Real Estate Project Manager or Senior Project Manager
Company: LIHTC Leaders
Location: Silver Spring, MD
Location: Silver Spring, MD
Work Arrangement: Hybrid (3 days/week in-office, 2 days telework)
Employment Type: Full-time
About The Employer
Montgomery Housing Partnership (MHP) is a private nonprofit dedicated to making home possible. Since 1989, MHP has been preserving and expanding access to quality affordable housing. MHP provides more than 3,200 homes in Montgomery County, MD, and surrounding communities. The organization accomplishes its mission by housing people, empowering families, and strengthening neighborhoods.
Role Summary
MHP is hiring one position and will determine the appropriate level based on qualifications and experience. The Real Estate Project Manager/Senior Project Manager ensures the long-term viability of residential developments by managing all aspects of development including structuring complex financing, hiring and managing consultants, and overseeing projects through renovation or new construction. The position typically manages two to three projects in various stages of development and reports to the Director of Real Estate. The successful candidate is expected to mentor and guide junior project managers, contribute to team capacity-building, and express interest in working in a mission-driven environment.
What You'll Do
- Conduct, review, and refine economic feasibility analysis for development projects
- Identify funding opportunities and prepare tax credit, bond, and other financing applications and proposals
- Develop project pro formas and prepare analyses and documents for the Board of Directors and Real Estate Committee
- Oversee the financing closing process
- Assemble and manage the development team including design and construction consultants
- Negotiate contracts and coordinate teams throughout the development process
- Coordinate property acquisitions and closings with funders and attorneys
- Manage permitting and approval process with municipal officials, legal counsel, and architects
- Coordinate community and resident meeting processes
- Negotiate consultant, lender, and contractor agreements
- Prepare reports required for board, internal management, funders, and investors
- Closely monitor the construction process and push projects to finish on time and within budget
- Resolve financial and other issues that arise during construction
- Assure compliance with tax credit, bond, and other regulatory requirements
- Assist accountants in preparing cost certifications
- Provide asset management team with financial closing summary and work with asset management on tax-related or post-closing financial and building performance concerns
- Coordinate marketing and lease-up with property management to ensure occupancy and financial goals and affordability restrictions are met
- Network at industry functions and other outside activities to gain contacts for new opportunities
- Assist the acquisition team as necessary to secure new development deals
- Update company real estate documents periodically to ensure documents are current and take advantage of project learnings
- Perform additional project management activities as required to coordinate every phase of development
Required Qualifications
- Bachelor's degree
- Project Manager: Minimum 2 years of real estate development experience; or Senior Project Manager: Minimum 5 years of real estate development experience, including independent project management at each stage of development and affordable housing finance
- Ability to identify and analyze potential projects and understand and design complex deal structures
- Understanding of regulatory/approval and entitlement processes and ability to pursue them
- Skill in multi-family acquisitions, financing (modeling and applications), and development process management with goal of completing a project every one to two years while managing two to three other projects in other stages of development
- Knowledge of public and private funding programs, including the Low-Income Housing Tax Credits and other affordable housing sources
- Demonstrated ability to independently manage highly complex projects, exercise advanced professional judgment, and mentor less experienced staff while contributing to organizational strategy
- Proficiency with spreadsheets, word processing, presentation, and other software
- Strong writing and verbal communication skills
- Critical thinking and negotiating skills
- Ability to work as a collaborative leader as a member of Real Estate team and cross-departmental team
- Willing, can-do attitude, and ability to work independently and with a team in a dynamic environment
Compensation
Project Manager: $100K–$136K. Senior Project Manager: $136K–$168K. Salary commensurate with experience and qualifications demonstrated.
Benefits
Healthcare programs, flexible spending accounts, 403(b) retirement match, and paid time off.
How to Apply
Submit your resume and cover letter with salary requirements to [email protected]. Include the job title "REAL ESTATE PROJECT MANAGER" or "REAL ESTATE SENIOR PROJECT MANAGER" in the subject line depending on your level of experience. Application review begins May 18.
