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.

Under the direction of Decro's 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 Decro's 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.

• Identify and evaluate prospective affordable housing and mixed-use development opportunities consistent with Decro's 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.

• 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.

• 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…