Affordable Housing Development Manager at Jobot
Los Angeles, CA 90012
About the Job
LIHTC Development Manager - Low-Income Housing - Los Angeles, CA
This Jobot Job is hosted by: Christine McNamara
Are you a fit? Easy Apply now by clicking the "Quick Apply" button
and sending us your resume.
Salary: $125,000 - $150,000 per year
A bit about us:
Civic and social organization that hundreds of thousands of individuals through affordable housing development, education and broadcast programming. With more than 600 employees across six states, we provide vital community services while remaining sustainable, strategic, and fiscally responsible.
Why join us?
Enjoy awesome benefits like:
Job Details
This future Low-Income Housing Tax Credit Financial Development Project Manager will be responsible for coordinating and closing the acquisition/purchase of assets, coordinating predevelopment activities, managing relationships with lenders and investors, orchestrating financial closings, and assisting with the coordination process during the construction phase. This LIHTC Financial Development Project Manager should be capable of managing up to five (5) projects and working under the direct supervision of the Project Management Supervisor / Director of Project Development.
Responsibilities:
Qualifications:
Interested in hearing more? Easy Apply now by clicking the "Quick Apply" button.
This Jobot Job is hosted by: Christine McNamara
Are you a fit? Easy Apply now by clicking the "Quick Apply" button
and sending us your resume.
Salary: $125,000 - $150,000 per year
A bit about us:
Civic and social organization that hundreds of thousands of individuals through affordable housing development, education and broadcast programming. With more than 600 employees across six states, we provide vital community services while remaining sustainable, strategic, and fiscally responsible.
Why join us?
Enjoy awesome benefits like:
- Medical, Dental, and Optical Insurance Plans
- 401(k)
- Annual bonus
- And more!
Job Details
This future Low-Income Housing Tax Credit Financial Development Project Manager will be responsible for coordinating and closing the acquisition/purchase of assets, coordinating predevelopment activities, managing relationships with lenders and investors, orchestrating financial closings, and assisting with the coordination process during the construction phase. This LIHTC Financial Development Project Manager should be capable of managing up to five (5) projects and working under the direct supervision of the Project Management Supervisor / Director of Project Development.
Responsibilities:
- Financing: Coordinate preparation of loan packages for acquisition, development, construction and permanent financing. Coordinate application packages to CTCAC, CDLAC, ADOH, TDHCA, and MFA, and all other public agencies for funding allocations.
- Packaging of Project Acquisition/Funding Proposals: Coordinate the preparation of proposals to local, state, and federal agencies, including responses to Requests for Proposals/Qualifications (RFPs/RFQs). Prepare business term sheets that serve as the basis for all housing and regulatory agreements. Establish and periodically update proformas (including predevelopment budget, timelines (including major milestones).
- Budget Administration: Prepare original budgets and cash flows for all phases of projects and coordinate with the Construction and Accounting departments on any necessary future revisions to those budgets and cash flows. Monitor ongoing project budgets to ensure compliance.
Qualifications:
- BS/BA - Bachelor of Science degree in Accounting, Finance, Business Administration, Urban Planning, or other Management related field
- Experience in Low Income Housing Tax Credits (LIHTC)
- Experience with specialized affordable housing financing programs such as Low-Income Housing Tax Credits, HOME funds, tax-exempt bonds, AHP, and other federal, state, and local funding sources.
- Experience supporting, documenting and structuring the acquisition of apartment projects and/or land
- Supporting, documenting and understanding operating costs of apartment projects
Interested in hearing more? Easy Apply now by clicking the "Quick Apply" button.
Salary
125,000 - 150,000 /year