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Acacia Network · 6 days ago

Project Manager

Bronx, NY

Full-time

Hybrid

Senior Level

$100K/yr - $100K/yr

5+ years exp

Acacia Network is a leading human services organization in New York City, dedicated to improving the quality of life for underserved communities. The Project Manager will oversee the development of new economic opportunities and manage various real estate projects while collaborating with senior leadership and stakeholders to align housing initiatives with community services.

Assisted LivingEducationHealth CareNon ProfitPrimary and Urgent Care

Responsibilities

Works closely with the Director of Housing Development, funders, investors, community partners and stakeholders to implement the Housing Division Strategy and goals

Assist in identifying new business opportunities including potential new sites for acquisition and rehabilitation and new construction in order to maintain an active and healthy pipeline of new and expansion affordable and real estate projects

Assist in the management of the development of pipeline of affordable and market rate real estate projects, including feasibility studies, market studies, financing, construction and placed in service requirements

Prepares funding applications such as of a city and state Requests for Proposals (RFPs), Requests for Qualifications (RFQs), private lending proposals and applications for various capital funding sources- including 4% tax exempt bonds, 9% Low Income Housing Tax Credits (LIHTCs), construction lenders, HUD, HPD and other public and private lenders, investors and funders

Interact with financing and planning/development agencies, including New York City’s Departments of Housing Preservation & Development (HPD), City Planning (DCP), Buildings (DOB), the NYC Housing Development Corporation (HDC), and the NYC Economic Development Corporation (EDC), New York State Housing and Community Renewal (HCR) and the U.S. Department of Housing and Urban Development (HUD)

In collaboration with the Director of Housing Development manages Real Estate closing processes on various transactions

Develop and revise budgets and pro forma as needed

Create and maintain project development budgets and timelines

Prepare and submit periodic requisitions to pre-development and project funders

Maintain relationships with development partners, syndicators and lenders

Assist the Legal Team in the review of contracts, leases and other agreements with public and private funders, lenders, third party consultants and others

Assist accounting staff in maintaining development and project accounts, and during annual audits

Stay up to date with housing trends at a local and national level, including best practices for community development, age in place, active living and healthy community initiatives

Manage various special projects as required

Prepare business plans, financial analysis, financial transaction structuring

Negotiate terms and conditions on real estate and business transactions

Qualification

Project management certificationAffordable housing developmentFinancial structuringReal estate project managementLow Income Housing Tax CreditsNYC Zoning ResolutionWriting skillsOrganizational skillsQuantitative skillsRelationship managementNegotiation skills

Required

Bachelor's degree required - master's in real estate, Management, Finance or Urban Planning or equivalent preferred

At least eight (5) years of affordable and /or market rate housing development experience, two or more in a supervisory capacity

Strong project management skills

Strong writing and quantitative skills

Strong organizational skills

Experience with Low Income Housing Tax Credits and various public / private development funding sources

Transactional closing experience

Familiarity with NYC Zoning Resolution, NYC, NYS, and Federal financing programs

Preferred

master's in real estate, Management, Finance or Urban Planning or equivalent preferred

Project management certification preferred

Experience in managing real estate projects through the entire development process (initial feasibility analysis, design development, financial structuring, contractor selection, financial transaction closing, construction, and lease-up)