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CyberCoders · 1 week ago

Assistant Development Manager - Affordable Housing

San Diego, CA

Full-time

Onsite

Entry, Mid Level

$70K/yr - $95K/yr

2+ years exp

CyberCoders is a leader in the development of affordable housing throughout California, and they are seeking an Assistant Development Manager to join their team. The role involves managing various aspects of affordable housing development projects, including financing, compliance, and community relations.

RecruitingSearch Engine

Growth Opportunities

No H1B

Responsibilities

Managing, coordinating, and completing the identification, entitlement, development, design, financing (including the obtaining and maintenance of tax credits), syndication, construction, lease-up, stabilization, conversion to permanent financing, and regulatory compliance for assigned projects

Overseeing the modifications to and progression of the project pro forma in coordination with finance team to analyze possible funding scenarios and to address changes in project sources, uses, operating income and expenses, and other financial assumptions

Developing and fostering effective relationships internally and externally, including all third parties (e.g., consultants, public funders and private lenders/equity providers, community organizations, architects, construction managers, government liaisons, etc.); leverage relationships while seeking public and private funding sources that enable the team to creatively obtain gap financing

Facilitating community and public agency support and approval of project plan

Prepare project-related budgets and schedules, cash flow projections, deal memorandums, financial forecasts and strategic plans

Managing the due diligence and closing process for complex mixed-finance deals with multiple lenders and governmental stakeholders while creating and executing strategies to prevent conflicts between funding sources

Ensuring that proposals, applications, and closings meet LIHTC regulations, industry standards and internal deal standards

Managing the design process to ensure compliance/approval by respective City, State and Federal agencies while developing and implementing solutions if any compliance or approval-related issues arise during construction and property operations

Understanding and assist in managing incorporation of the general contractor specifications into construction drawings

Manage preparation and presentation of recurring Project Management Reports including all critical components of a project

Analyzing funding and development legislation, regulations, policies, and market to determine applicability to projects and compatibility with other program requirements

Overseeing the management, preparation and presentation of Investment Committee memos/meetings to senior leadership to achieve funding

Supervising the financing application team and oversee application completion while coordinating with responsible parties

Overseeing and managing the lease-up process in conjunction with the Asset Management and Property Management team

Managing, leading, and mentoring assigned project team members, complete related performance evaluations, and facilitate professional growth and development

Identifying new, potential affordable housing projects. Take the lead on hand off to the Acquisitions team

Qualification

Affordable housing experienceFinancial analysisProject managementBachelor's DegreeRegulatory complianceCommunity engagementTeam leadershipRelationship building