Project Manager Associate

Job Title: Project Manager Associate
Department: Real Estate Development
Reports to: Director of Real Estate Development
FLSA Status: Non-Exempt

Summary:
ELACC seeks a highly motivated individual who will work as part of the development team and assist in a full range of development-related activities in order to ensure project deadline requirements and budget guidelines are met relating to the development of multi‐family affordable housing. The Project Management Associate (PMA), with supervision and direction from the Director of Real Estate, will support the Real Estate Development Department by taking on specific tasks of the development process, as assigned, to advance the project management of multi‐family affordable housing developments. The PMA supports and manages a range of real estate development activities for affordable housing projects. The position serves as primary lead on smaller developments and assists senior staff on larger, more complex projects. Responsibilities include acquisition support, financing applications, entitlements, construction coordination, lease-up support, and transition to operations, as well as permanent loan conversion. Candidates should be able to demonstrate some experience in affordable housing development ranging from the predevelopment phase, and construction phase into lease-up and permanent loan conversion, as well as preparation of proformas, oversight of design professionals and construction administration.
The PMA is an ELACC team member that leads their core projects and fulfills their responsibilities to the entire team by actively fundraising, supporting organization wide projects, participating in all staff planning sessions, and being part of achieving the organization’s mission and vision.

Duties and Responsibilities include the following:
1. Assist in identifying and evaluating development opportunities. *
2. Prepare, Coordinate, and complete loan and funding applications to various private and public funding agencies for their real estate projects and submit for peer review and approval. *
3. Participate in community outreach and stakeholder meetings. *
4. Conduct due diligence on properties during the acquisition and predevelopment phases. *
5. Coordinate entitlement applications and permit submissions. *
6. Coordinate architects, engineers, consultants, and contractors. *
7. Assist with administering loan closings, including working with attorneys, lenders, investors, and escrow/title companies in the coordination and delivery of due diligence, and legal and financial documents.*
8. Obtain clearances during the plan check process in order to obtain building permits. *
9. Prepare, maintain, and submit funding draws to numerous financial institutions for acquisition, predevelopment, and construction phases of affordable housing projects. *
10. Maintain accurate and up‐to‐date files for all projects. *
11. Prepare, maintain, and track: project schedules, budgets, invoices, funding draws, cashflow projections and project milestones. *
12. Support in all phases of development, including feasibility analysis, community engagement, design development, securing of financing, construction, and lease up. *
13. Coordinate with Asset Management, Property Management and resident services teams to ensure accurate budgets, high-quality designs and smooth transitions through lease up, and operational phase. *
14. Support real estate teams on other duties as directed by supervisor. *
15. Promote the highest quality development that reinforces the organization’s commitment to long- term viability. *
16. Represent ELACC by holding ELACC’s mission, vision, and values in all actions and behaviors. *
17. Demonstrate genuine interest and passion for ELACC issues and priorities. *
18. Demonstrate understanding of intersection of racism and poverty. *
19. Other duties may be assigned.*
Qualifications:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.
Reasonable accommodations may be made to enable individuals with disabilities to perform the
Language Ability:
Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to write reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.
Math Ability:
A strong understanding of basic math including basic understanding of statistics and charting. Ability to calculate figures and amounts such as discounts, interest, and percentages. Ability to add, subtract
numbers, carryout divisions, and multiplication.
Reasoning Ability:
Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.
Computer Skills:
Excellent computer skills are required including knowledge of the Microsoft Office suite software, in particular, Microsoft Excel, Microsoft Word and PowerPoint
Education/Experience:
• A bachelor’s degree from an accredited University with:
o Two (2) years of relevant experience in real estate, urban planning/housing development, finance, public policy, or a related field
o Firsthand knowledge of affordable housing project management procedures, terminology, and concepts
or
• A graduate degree from an accredited University in real estate, urban planning/housing development, finance, public policy, or a related field, and at least (1) year of relevant experience with firsthand knowledge of affordable housing project management procedures, terminology, and concepts
Knowledge, Skills and other Abilities:
1. Knowledge and understanding of the California Tax Credit Allocation Committee funding program as well as other City, County and State funding sources.
2. Proficiency with Microsoft Excel and Microsoft Word. Ability to read, analyze, and interpret financial reports and legal real estate documents
3. Strong attention to detail and accuracy.
4. Capacity to handle multiple tasks simultaneously in an organized, efficient, and timely manner and successfully meet project deadlines. Excellent organizational, time management, and problem‐solving skills
5. Strong verbal communication skills and clear writing ability
6. Self‐starter, able to take initiative, and work independently with little or no supervision
7. Need to work well in a high‐pressured environment
8. Ability to exercise discretion and use independent judgement during the course of performing the duties of the position
9. Use of a personal vehicle to travel between worksites and other locations is required.
10. Must have and maintain a valid California Driver’s License and insurance in good standing
11. Expected to demonstrate superior professional manner, professionalism in interpersonal relations, and work as an effective team member
12. Bilingual English Spanish desired: ability to speak in Spanish and work with monolingual Spanish speaking residents
Physical Demands:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly required to sit, use hands, reach with hands and arms, and talk or hear. The employee is occasionally required to stand, walk, climb or balance, and stoop, kneel, crouch or crawl. The employee must occasionally lift and/or move up to 15 pounds.
Specific vision abilities required by this job include close vision, distance vision, peripheral vision, depth perception, ability to adjust focus, and ability to see color.
Work Environment:
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is occasionally exposed to wet or humid conditions (non-weather), work near moving mechanical parts, and outdoor weather conditions.
The noise level in the work environment is usually moderate.