What are the responsibilities and job description for the Project Manager - Development position at Omni NY & Affiliates?
Paths Development, LLC, formerly Omni New York LLC, is a vertically integrated affordable housing developer with six operating companies that provides a full range of services for its properties. Paths Development has owned, rehabbed, or constructed over 18,000 affordable housing units in 14 states.
Project Manager
Position Summary: This position assists the Head of Development and Senior Development staff with the acquisition, underwriting, and managing the development of affordable housing projects -– both the new construction and the rehabilitation of existing multifamily housing.
Primary Responsibilities:
Assist senior development staff in the acquisition, underwriting, financing and overall development of new construction and rehabilitation projects;
Review financial information and assist in preparing financial models;
Analyze market data and demographic trends to support the acquisition of existing affordable housing properties as well as properties intended for new construction;
Prepare funding applications for lenders, Low Income Housing Tax Credits, and other types of financing;
Participate in public hearings and meetings with government agencies and community stakeholders;
Interface with lenders, equity investors, local officials, and public agencies in preparation for construction loan closings and permanent loan conversions;
Interact with third party consultants (architects, engineers, environmental consultants, lawyers, etc.) to ensure delivery of services in a timely manner;
Assist in the gathering and preparation of due diligence required for external parties;
Assist with preparation of proposals in response to government-issued Requests-For-Proposals (RFP);
Prepare monthy requistions for funding from public and private lenders during the construction period; and
Assist with special projects as they arise.
Skills, Education, and Experience
3 years of work experience in affordable housing development or finance or related field
Bachelor’s Degree required, Master’s degree preferred
Knowledge of HUD Project-Based Section 8 and Federal Low Income Housing Tax Credit programs preferred but not required
Must be detail oriented, organized and able to multi-task
Ability to work in an individual capacity and as a team
Excellent writing and communication skills
Proficiency in Microsoft Excel, Word and PowerPoint
Benefits:
Hybrid schedule: 3 days in office and 2 days work from home
We pay 100% of medical benefits, for employee only.
Dental, vision and additional benefit selections plan options also available.
401(K) available plus company match
Paid Time Off & Holidays
Commuter Benefits, FSA, DFSA
STD, LTD, life insurance, dependent coverage
Salary : $90,000 - $110,000
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