San Leandro, CA
Salary Estimate: $100,000.00 - $140,000.00
Employment Type: Full Time
Work Place: Hybrid
Experience Required: 2+ to 5 years
Education Required: 4 Year College
Job Description
Abode Housing Development (AHD) is a California Public Benefit Nonprofit Corporation that specializes in addressing affordable housing and homelessness needs in the greater San Francisco Bay Area. AHD has served for more than 30 years as one of the region’s few experienced and mission-driven affordable housing developers that is primarily focused on creating high quality, attractive, and sustainable Permanent Supportive Housing (“PSH”) through a Housing First model to end homelessness. Nearly all of AHD’s developments dedicate at least 50 percent of the residential units to serving households and individuals experiencing homelessness. AHD believes in service-enriched housing for the community’s most vulnerable populations and that the nexus of attractive affordable housing and integrated service-supports is the cornerstone to inclusive and sustainable community. AHD takes pride in building well-designed and sustainable communities with high architectural standards that enhance surrounding neighborhoods. We believe no individuals should live on our streets; homelessness disempowers those experiencing it and is detrimental to the wellbeing of our entire Bay Area community.
Since 2005, AHD has developed 1,388 affordable units located in 21 supportive housing developments throughout the San Francisco Bay Area region, including 15 LIHTC-financed projects totaling 1,051 units. AHD has nine projects totaling 755 units in the development pipeline (pre-development and under construction), including homes for seniors, small and large families, persons with disabilities, veterans, and single adults – about half of whom are experiencing homelessness.
ABOUT THIS POSITION: Abode Housing Development specializes in Supportive Housing. The Project Manager-Real Estate Development in San Francisco oversees teams of vendors, consultants and general contractors and leads the process of developing multi-family affordable and supportive housing projects for formerly homeless, special needs, and low-income households. This position requires familiarity with all phases of the development process and can navigate various phases, including design, entitlements, financing, construction, lease-up and transition to operations. Knowledge of real-estate law and finance are required. The Project Manager is a high-level decision-maker that can identify and manage risks.
THE PEOPLE AND CULTURE: You will be surrounded by some of the most talented, supportive, smart, and kind leaders and teams - people you can be proud to work with. Abode regularly recognizes employees’ efforts, seeks employees’ input, and cares for employees as people with lives outside of work. We believe that we make better decisions and provide quality services when our workforce reflects the diversity of the communities in which we operate. People of color make up nearly 70% of our workforce and we strive to recruit and retain employees from all backgrounds.
OUR BENEFITS & PERKS:
- $100,000-$140,000 annually DOE
- 100% paid health, vision, and dental options
- 19 PTO days & 12 Holidays per year
- Voluntary benefits: FSA, EAP, Commuter Checks, Life Insurance, Legal, and more
- 3% retirement match/contribution
- Professional Development Trainings and Opportunities, Leadership Academy Programs, and All Staff Events
- Dynamic, mission-driven culture and supportive leadership
HOW YOU MAKE AN IMPACT
Funding Applications/Due Diligence
● Draft and compile funding applications to private and government sources, including financial projections and narratives, ensuring all requirements are fulfilled.
● Research and report on regulatory requirements applicable to the design, financing/feasibility, and management of affordable housing development and rehabilitation projects.
● Lead due diligence studies; review, interpret, and report on findings to senior staff and make recommendations to mitigate risk.
● Independently lead escrow closings, coordinating and responding diligently to lender, investor, and consultant requests.
● Draft and compile funding applications to private and government sources, including financial projections and narratives, ensuring all requirements are fulfilled.
● Research and report on regulatory requirements applicable to the design, financing/feasibility, and management of affordable housing development and rehabilitation projects.
● Lead due diligence studies; review, interpret, and report on findings to senior staff and make recommendations to mitigate risk.
● Independently lead escrow closings, coordinating and responding diligently to lender, investor, and consultant requests.
Development Execution
● Complete draw requests and pay applications for project funding sources. Assist with project accounting responsibilities, including expense coding and invoice/work order/payment application review for accuracy and adherence to approved contracts. Manage all payment approvals and timelines. Manage lender and funder requirements during construction, and process pay applications and disbursements.
● Track project deliverables and changes to scope, budget, and schedule throughout implementation, including attending construction meetings. Synthesize relevant information to communicate project status to internal and external partners.
● Monitor and prepare progress summaries of development activities for management.
● Complete draw requests and pay applications for project funding sources. Assist with project accounting responsibilities, including expense coding and invoice/work order/payment application review for accuracy and adherence to approved contracts. Manage all payment approvals and timelines. Manage lender and funder requirements during construction, and process pay applications and disbursements.
● Track project deliverables and changes to scope, budget, and schedule throughout implementation, including attending construction meetings. Synthesize relevant information to communicate project status to internal and external partners.
● Monitor and prepare progress summaries of development activities for management.
External Engagement
● Coordinate development activities with community stakeholders, development partners, and design professionals.
● Organize community engagement events to solicit community input on projects.
● Manage vendor and consultant teams, holding them accountable for deliverables. Present and negotiate competitive proposals for services and coordinate scopes of work to meet project needs.
● Coordinate development activities with community stakeholders, development partners, and design professionals.
● Organize community engagement events to solicit community input on projects.
● Manage vendor and consultant teams, holding them accountable for deliverables. Present and negotiate competitive proposals for services and coordinate scopes of work to meet project needs.
Portfolio Pipeline
● Draft responses to Requests for Proposals; analyze and recommend contractor bids; monitor progress; and process invoices for rehabilitation projects on existing assets in coordination with property management.
● Perform financial analysis and feasibility studies of new housing development sites for the agency, including capital sources and uses, operating income and expenses, and potential debt service.
● Draft responses to Requests for Proposals; analyze and recommend contractor bids; monitor progress; and process invoices for rehabilitation projects on existing assets in coordination with property management.
● Perform financial analysis and feasibility studies of new housing development sites for the agency, including capital sources and uses, operating income and expenses, and potential debt service.
Organization
● Prepare correspondence and drafts (external and internal), including memos, letters, reports, presentations, agendas, meeting materials, and minutes.
● Organize project collateral, files, and electronic data. Scan and file all project-related documents in the appropriate project folders.
● Other duties as assigned.
● Prepare correspondence and drafts (external and internal), including memos, letters, reports, presentations, agendas, meeting materials, and minutes.
● Organize project collateral, files, and electronic data. Scan and file all project-related documents in the appropriate project folders.
● Other duties as assigned.
HOW YOU MEET QUALIFICATIONS
- Bachelor’s degree in Construction Management, Civil Engineering, Business, Urban Studies, Planning, Architecture, Finance, or a related field.
- Strong knowledge of real estate and affordable housing finance, including financial analysis, as well as real estate law (strongly preferred).
- Demonstrated interest and experience in affordable housing and/or social justice.
- Minimum of 3 years of experience in construction-related project management.
- Minimum of 2 years of experience in affordable housing development.
- Excellent verbal and written communication, organizational, and time-management skills. Self-motivated with the ability to proactively create and improve processes to support position responsibilities.
- Outstanding communication skills and a high degree of emotional intelligence and cultural humility, with a proven record of building and maintaining effective relationships with a wide variety of internal and external stakeholders.
- Strong analytical and problem-solving abilities with meticulous attention to detail.
- Ability to work effectively both independently and collaboratively within teams.
- Exceptional interpersonal, organizational, and communication skills; integrity; respect for confidentiality; and sound judgment and decision-making abilities. Highly organized with the ability to manage competing priorities.
- Ability to quickly grasp and synthesize new concepts.
- Use of a personal vehicle required, along with proof of a valid and current California driver’s license, current auto insurance, and a clean DMV record.
- Proficiency in Microsoft Office.
PREFERRED QUALIFICATIONS
- Knowledge of California and Federal State affordable housing programs
- Experience in securing entitlements, zoning/planning approval, building permits
Established in 1988, Abode’s mission is to end homelessness. Abode’s family of agencies include Abode Services, Abode Property Management, and Abode Housing Development. Those entities work together across eight Bay Area counties, combining housing and services to assist homeless families and individuals in establishing stability and independence.
Abode works to end homelessness by assisting low-income, un-housed people, including those with special needs, to secure stable, supportive housing; and to be advocates for the removal of the causes of homelessness.
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