What are the responsibilities and job description for the Senior Project Manager position at Penny Lane Centers?
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Penny Lane Centers is committed to equity, diversity, inclusion and belonging within our organization by connecting our heart, our knowledge, and our understanding of the lived experience of others, to have a revolutionary impact on the marginalized communities we serve.
Job Summary:
Under the direction of the Director of Housing, the Senior Project Manager coordinates and directs a full range of real estate development activities to manage the financing, construction, and lease-up processes of new construction and rehabilitation projects that produce permanent supportive housing as well as the refinance and rehabilitation of existing portfolio.
He/she serves as contact person for all entities involved in the development, construction and lease up of projects; may direct activities of Assistant Project Managers or Project Managers. He/she performs feasibility analyses; secures all necessary development approvals, prepares documents and plans, and project financing applications. The Senior Project Manager oversees coordination of all required materials for applications related to project financing and department approvals, financing documents, plans and documents prepared by outside architects, engineers, and consultants. He/she develops, maintains and manages budgets for all assigned development projects. He/she monitors and oversees performance of consultants on the projects. The Senior Project Manager manages the more complex development projects with minimal direction. He/she must perform all tasks in a timely manner adhering to due dates and project schedules.
Requirements:
- Education - Bachelor’s Degree in Development, Economics, Architecture, Public Administration, Urban Planning, Real Estate, Business or related field, Master’s Degree preferred; and three or more years of progressive responsibility in real estate development or finance, or related experience such as affordable housing, finance, planning, project management, community development, including two years of direct development experience in a significant role with large scale development projects. Experience with permanent supportive housing development is preferred.
- Experience - Knowledge of affordable housing and real estate development and finance including key aspects such as land use and entitlement, property due diligence and acquisition, and site planning and design. Preference for experience in structuring and negotiating affordable housing transactions, which include public subsidies, low income housing tax credits and tax exempt bonds.
- Experience – Must have overseen at least 3 escrow closings (at least 2 construction closings) for developments utilizing LIHTC funding.
- Experience - Standard methods, techniques used in project feasibility analysis, and in preparation and monitoring of construction projects, project financing, and in-depth financial proformas.
- Experience – Must have knowledge of applicable federal, State and local laws, codes, regulations, policies and procedures; knowledge of recent funding programs, regulations and requirements, including LIHTC, LACDA AHTF, HIDCLA AHTF, HHH, MHP, SHMHP, VHHP, AHP, PBVs, etc.
- Ability to read, analyze, and interpret financial reports, legal documents, and physical and operational assessments.
- Ability to effectively engage and present to community representatives, including persons with diverse economic and educational backgrounds, in the real estate and community development process.
- Ability to perform basic statistical analysis and write/maintain formulas in spreadsheets and reports.
- Proficiency in Microsoft Office applications such as Outlook, Word, Excel and PowerPoint, and the ability to learn proper use of various software programs, as needed.
- Valid California driver’s license; current automobile insurance; have and maintain a clean driving record acceptable to the organization’s insurance company; have immediate access to his or her vehicle during work hours.
Position Location: North Hills, CA
Salary Range: $116,000 - $158,467 per year
Penny Lane Centers offers competitive salaries and benefits. Please visit www.pennylane.org to see a complete list of perks and benefits. Medical benefits are effective the first of the month upon hire, not to exceed 31 days.
Equal Employment Opportunity.
Penny Lane is committed to equal employment opportunity. We will not discriminate against employees or applicants for employment on any legally recognized basis (Protected class) including, but not limited to race; religious creed; color; national; origin; ancestry; physical disability; mental disability; medical condition, including genetic characteristics; genetic information; marital status; sex; pregnancy’ child birth or related medical conditions; actual or perceived gender; gender identity or expression or sexual orientation. Our management is dedicated to ensuring the fulfillment of this policy with respect to hiring, placement, recruitment advertising, pay and other forms of compensation, training and general treatment during employment.
Salary : $116,000 - $158,467
