What are the responsibilities and job description for the Development Project Manager position at HRI Development LLC?
WHO WE ARE:
Based in New Orleans, Louisiana, HRI Communities (HRIC) is a full-service real estate development company focused on the creation and preservation of quality affordable, mixed-income, and workforce housing. HRIC is vertically integrated with expertise in development, construction, design, governmental relations, environmental matters, historic landmark designation, and property management. HRIC is constantly evolving to meet new challenges and seeks new projects to revitalize neighborhoods nationwide and deliver much-needed mixed-income housing.
HRI Communities’ developments require creative and complex financing structures, often pairing conventional debt and equity with public resources, including 9% Low-Income Housing Tax Credits (LIHTCs), 4% LIHTCs and tax-exempt bonds, 45L tax credits for energy efficiency, tax increment financing, restoration tax abatements, Payments in Lieu of Taxes, Federal and State Historic Tax Credits (HTCs), Community Development Block Grants (CDBG), HOME Funds, amongst others. HRIC excels in navigating complex public/private undertakings to ensure successful outcomes for all project stakeholders. Most importantly, HRIC promises long-term partnerships with public agencies and private financial institutions alike.
POSITION SUMMARY:
The Development Project Manager will provide general coordination and support to advance development projects and ensure that objectives are achieved consistent with program requirements and key development objectives.
ESSENTIAL FUNCTIONS:
- Represents HRIC professionally in all respects to promote the company’s standing as a well-respected and successful leader in the real estate development community.
- Supports the overall development team in performing real estate development activities, including:
- Communicates project goals/needs to development, finance, design, and property management teams during predevelopment, construction, and property turnover/lease-up
- Coordinates applications for funding and development partnerships
- Presents project concepts and details to government and community stakeholders
- Coordinates site control, permitting, and land use approvals
- Manages professional team including builder, designer, surveyor, consultant, lawyer, etc.
- Coordinates construction period funding Coordinates underwriting and other lender/investor reviews to achieve financial closing
- Manages monthly construction draws, ensuring construction and financing milestones are achieved
- Actively monitors budget variances and employs cost containment and risk management measures during construction
- Seeks and evaluates new business opportunities, including identifying and responding to NOFAs/RFPs/RFQs
POSITION REQUIREMENTS:
- Experience with complex real estate development activities, including familiarity with LIHTC, 45L, HTC, CDBG, HOME, Mixed-Finance, various operating subsidies, and other programs
- Excellent verbal (written & oral) communication and quantitative skills, including proficiency in Word, Excel, PowerPoint, etc.
- Degree in business, finance, accounting, business, city planning, and/or related work experience with strong working knowledge of legal, contractual, and financing concepts
- A true self-starter capable of accomplishing complicated tasks with limited supervision
- Must possess strong time management and organizational skills with the ability to manage multiple projects concurrently
- Able to work collaboratively and effectively within a team
- Able to work flexible hours and travel as required
WE OFFER COMPETITIVE BENEFITS:
- Affordable Health Package (Medical, Dental, Vision, and Wellness Program)
- Employer-Paid Benefits
- 401K, including Company-Matching
- Paid Vacation, Holiday, and Sick Time
EOE/M/F/Vet/Disabled
