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Project Manager - Development

Omni NY & Affiliates
New York, NY Full Time
POSTED ON 8/15/2023 CLOSED ON 9/22/2023

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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