Project Manager, Real Estate Development

Company: Way Finders

Location: Northampton, MA

Job Function: Project Management


Background

At Way Finders, we light pathways and open doors to homes and communities where people thrive. Way Finders is the largest affordable housing organization in western Massachusetts. Since 1983, our Real Estate Division has transformed neighborhoods through the design and planning of new housing and the acquisition and renovation of existing properties. The most recent additions to our portfolio of affordable housing for low-income families include Live 155 and The Lumber Yard in Northampton and Library Commons in Holyoke.

Way Finders is a mission-oriented nonprofit organization that offers a fast-paced, professional work environment focused on achievement. We employ individuals with a strong commitment to excellence, a collaborative nature, and the desire to make a difference.

Summary

Way Finders currently has an exciting opportunity for a Project Manager, Real Estate DevelopmentThe Project Manager furthers our mission of designing, building, and managing affordable housing developments in Western Massachusetts through site selection, community engagement, securing financing, and overseeing construction.

The candidate will work in a hybrid-remote capacity but must live within commutable distance to the office in Northampton, MA.  There will be regular in-office work, plus in-person meetings throughout the region.

Responsibilities

Responsibilities include:
Project Concept and Feasibility
  • Participate in the identification of potential project sites and properties
  • Present potential development opportunities for internal project assessment in accordance with policy and strategic objectives, physical and financial feasibility, and prioritization
  • Establish project goals:  designing, developing, monitoring, and evaluating the structure of the project
Relationship Management
  • Establish and maintain strong, collaborative relationships with local and state agencies, private parties, non-profit organizations, and other parties necessary to carry out development projects
  • Participate in the expansion of existing levels of funding with current sources as well as developing and cultivating new funding resources for the agency
Deal Structure and Financing
  • Plan budgets and participate in the negotiation of program contracts; create, manage, and monitor a project budget to ensure successful completion
  • Coordinate permitting, zoning, and environmental review for projects; represent the agency in zoning and other public hearings
  • Obtain funding commitments for all phases of the project, including pre-development seed money, interim financing, permanent financing, equity investments, and public or private subsidies
  • Work with internal and project counsel to review related legal contracts and documents
  • Coordinate closings
Project Oversight and Reporting
  • Oversee all aspects of project construction; maintain consistent communication with construction team
  • Ensure that contract compliance, reporting requirements, and a good working relationship with funding sources occur and maintain all required records, reports, logs, and files
  • Maximize project income by tracking and reporting billable hours in a timely manner
  • Work collaboratively with Property Management to initiate, plan, and coordinate marketing and advertising programs for the lease-up of new rental properties
  • Coordinate inter-departmental communications on projects under development to ensure efficient and high-quality projects and smooth transition to operation and/or ownership
Administration
  • Participate in setting goals and planning for utilization of staff and financial resources
  • Maintain an up-to-date working knowledge of public and private programs and resources for affordable housing development
  • Proactively identify and inform leadership on any issues that may adversely affect the department or company
Supervisory Responsibilities:
  • Contractors and vendors (indirect supervision)

Requirements

Requirements include:
  • Bachelor’s degree in a relevant field; commensurate experience may be a substitute for a degree
  • 5 years’ experience in real estate development, or other relevant field
  • Experience and knowledge in a wide variety of real estate areas, including community development and revitalization
  • Familiarity with Low Income Housing Tax Credits, and other federal housing programs
  • Experience with residential property development, including design and construction
  • Ability to prioritize, problem-solve, and see a project through to completion, including the full range of public and private financing
  • Proficiency in Microsoft Office (especially Excel), industry-related applications, and comfort learning new technologies
  • Experience with budget management and team leadership
  • Ability to simultaneously manage multiple projects/tasks in a dynamic environment with shifting priorities
  • Strong, clear, effective, and timely communication skills across all levels of internal staff, external vendors and contractors, funding sources, and the community
  • Valid driver’s license with acceptable driving record; reliable vehicle

Compensation and Benefits

Benefits include:  Generous paid time-off | 12+ holidays annually | Health, dental, and vision insurance options | Educational assistance | Medical Reimbursement Account | Dependent Care Account | 403(b) retirement plan with employer match | Life insurance | Short-term and long-term disability insurance | Transportation benefits | Employee Assistance Program | Annual staff picnic!

Wage between $84,000 and $106,000 per year depending on qualifications. Interested applicants must submit a cover letter and resume; applications will be accepted until the position is filled.  MVR.

How to Apply

Applications will be accepted through this link – https://jobapply.page.link/ZSvgb