Real Estate Development Project Manager

  • Montgomery Housing Partnership
  • Silver Spring, Maryland
  • Full Time
  • Based on experience. Range starts in $105,000

Due diligence, Feasibility and Project Funding:

Ensure completion of necessary due diligence to protect the owner and investors. Design initial program and financing strategy to creatively combine multiple financing resources that ensure long term project viability while being consistent with the development's non-financial goals. Conduct, review and refine the analysis of overall economic feasibility. Identify funding opportunities; prepare tax credit, bond and other applications and proposals, and all materials necessary to secure commitments. Prepare documents for the Board of Directors and its Real Estate Committee.

Project Administration and Closing:

Assemble and manage the development team including design and construction consultants. Negotiate contracts and coordinate team 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 processes. Negotiate consultant, lender, and contractor agreements. Prepare reports required for board, internal management, funders, and investors.

Project Construction, Monitoring & Closing:

Closely monitor the construction process and push projects to finish on time and within budget. Work with project team to resolve financial and other issues that arise during this period. Assure compliance with tax credit, bond, and other agreements. Assist accountants in preparing cost certifications. Provide asset management team with financial closing summary and work with asset management team in addressing any tax-related or post-closing financial or building performance concerns. Coordinate marketing and lease-up with Asset and property management to assist to ensure that occupancy and financial goals and restrictions are met.

Other Duties:

Update company real estate documents periodically to make sure documents are current, and to take advantage of project learnings. Perform additional project management activities as required to coordinate every phase of development. Contribute to reports as needed.

Requires at least 3 days in the office.

Experience on the affordable real estate development financing, acquisitions and project management strongly desired. 

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