The Glendower Group is a nonprofit 501(c)(3) corporation established in November 2001 as an instrumentality of Elm City Communities. Glendower is at the forefront of the private sector affordable housing market and provides comprehensive, integrated real estate development services.
This position serves as a project leader to the Executive Project Manager II on identified projects. Provides direct project management oversight and coordination of real estate developments. Ensures compliance with regulatory requirements; relieves the leadership of a large volume of administrative duties, coordination and issues/decisions. The position will operate with minimal direction and will report to the Executive Project Manager II. Responsibilities are the performance of the day-to-day tracking of the assigned project(s) to ensure that policies and procedures are being followed, that goals and objectives are met, and that projects are being accomplished efficiently and effectively within agreed upon budgets.
The primary responsibility is creating, managing, monitoring, and coordinating real estate developments in accordance with policy, schedule and budget. Of importance will be the ability to ensure projects meet critical path schedules.
Essential Functions
1. Serve as key point person to the Executive Project Manager II on identified projects.
2. Assist with development of solicitation including RFQ’s and RFP's, etc.
3. Assume leadership for assigned projects by coordinating all components of projects assigned including identifying funding opportunities.
4. Assist the Executive Project Manager II with managing the pipeline of development opportunities.
5. Prepare applications for competitive funding under Federal and State programs.
6. Create and analyze development budgets (i.e.: development, construction, operating, and additional service budgets).
7. Manage all aspects of the implementation of a community revitalization plan.
8. Manage project schedule and investment decision-making process for development related acquisition, demolition/disposition, and relocation programs.
9. Manage the development and execution of a Mixed-Finance or Rental Assistance Demonstration strategy for public housing revitalization utilizing public housing capital funds, Low Income Housing Tax Credits, Moving to Work funds, private debt, and other sources.
10. Assist with relocation of residents.
11. Review weekly construction meeting reports and highlight areas that are contrary to the construction contract.
12. Review monthly requisitions and ensure conformance with the construction contract.
13. Review weekly payroll submissions from the General Contractors and Subcontractors.
14. Review contractor’s monthly compliance with Section 3 and other requirements by the City and/or State.
15. Monitor and make reports on changes to State Qualified Allocation Plan, Section 42 of the Internal Revenue Code and other pertinent program requirements.
16. Ensure compliance with investor and program requirements, including CHFA, HUD, DOH, the City of New Haven, OPM, et al.
17. Assist with developing financial plans for major development projects, including
- Devising a Preliminary Development Budget
- Detailing a complete development schedule
- Coordinating with Architectural and Engineering team
- Complete funding applications with minimal oversight
- Coordinating with residents, Board of Aldermen, continuants, et al.
18. Organize and maintain project files, databases and resource materials.
19. Collect and analyze project information to determine where the project stands and to predict future status and progress.
20. Assist the Executive Project Manager II with managing workflow tracking system of projects.
21. Advise the Executive Project Manager II on any workflow related issues/new requests.
22. Conduct funding research opportunities and innovative ideas relating to real estate development.
23. Develop and edit documents, letters, reports and all other correspondence from the draft stage to outgoing.
24. Performs all other related duties as assigned.
Graduation from an accredited college or university with a degree in urban planning, business management, finance, real estate development, construction management, public administration, project management, engineering, architecture, or related field.
Two to Three years of progressively responsible experience in affordable housing, real estate development, construction/project management, capital planning, urban planning, community development, public administration, or a related project management field.
Master's degree (e.g., MBA, MPA, MRED) may be substituted for one year of the required experience.
Experience in team leadership, time management, negotiating, schedule tracking, and managing multiple projects. Broad knowledge of the real estate development lifecycle, including financing, procurement, design, construction, relocation, compliance, closing, and asset transition.
Knowledge of Federal, State, and local affordable housing programs, including but not limited to CHOICE Neighborhoods, Rental Assistance Demonstration Program, Federal and State Tax Credits, State housing assistance programs, and other public and private funding sources.
Incumbent should have experience supporting complex real estate development transactions and/or capital projects, including Mixed Finance, Low Income Housing Tax Credits, Rental Assistance Demonstration, private financing, grant-funded projects, or other major development/redevelopment initiatives.
Incumbent must have experience with HUD and other public sector regulations and policies. Incumbent must also have strong analytical capabilities; be able to communicate orally and in writing; and maintain financial records. Must have a valid Connecticut driver’s license.
Demonstrated, hands-on experience in underwriting and closing complex financing structures, including the use of Low-Income Housing Tax Credits (LIHTC).
KNOWLEDGE, SKILLS, AND ABILITIES
1. Must be able to multi-task, redirect, prioritize and manage multiple projects to closure.
2. Broad knowledge of real estate development.
3. Ability to handle high-level issues.
4. Excellent verbal and written communications skills.
5. Ability to analyze and solve work related issues.
6. Can work independently, perform as a self-starter and meet critical deadlines.
7. Capable of dealing with internal and external clients in a tactful and professional manner.
8. Strong computer skills, particularly with Microsoft software (Excel, Word, Outlook, PowerPoint, etc.).
9. Good project management skills.
10. Good communication skills both in both oral and in writing.
11. The ability to "get things done". It requires an understanding of the formal and informal structures of all the organizations involved.
12. Ability to communicate with staff on behalf of Exec. Mgt. to solicit feedback or input as needed.
13. Maintain strict confidentially in all matters concerning the Exec. Team.
