Community Development Project Manager at bisnow

bisnow

Brooklyn, New York·8h ago

ManagerFull-time

Salary Range

$85,000 - $125,000 /year

About the Role

We are looking for a Community Development Project Manager to join our family-owned construction management firm in Brooklyn, NY. This role focuses on overseeing affordable housing developments from inception through stabilization, playing a meaningful role in shaping the future of affordable housing.

Key Responsibilities

→Manage projects through the full development lifecycle (pre-development through stabilization)
→Analyze state and city subsidy term sheets and execute initial financial feasibility reviews
→Structure and execute LIHTC transactions, tax exemptions, municipal bond financing, and debt-to-perm financing
→Coordinate with lenders, tax credit syndicators, and financial institutions throughout construction
→Track requisitions, capital stack components, and milestone deadlines
→Ensure compliance with affordable housing tax credit guidelines
→Identify potential sources of financing during the initial underwriting phase
→Create, modify and update financial modeling for various real estate transactions
→Interface with city and state agencies (HPD, HCR, HUD-related programs)
→Maintain strong relationships with lenders and syndicators
→Work closely with faith-based partners and community organizations
→Identify and create pathways for local workforce participation in construction projects
→Empower tenants and promote stabilized, well-managed housing environments
→Contribute recommendations for property management improvements
→Aid in identifying opportunities for future development and community partnerships
→Drive project milestones and proactively remove roadblocks
→Maintain detailed documentation and ensure responsiveness across stakeholders
→Build or refine internal processes

Requirements

✓3+ Years experience in affordable housing development
✓Direct experience with LIHTC, tax-exempt bond financing, municipal bonds, debt and equity structuring, and subsidy layering (city/state programs)
✓Familiarity with lender relationships and syndicators
✓Understanding of compliance and regulatory requirements in affordable housing
✓Yardi and Procore experience encouraged
✓Strong financial modeling and pro forma analysis
✓Ability to work collaboratively with representatives from various sectors
✓Entrepreneurial spirit and ability to work independently on multiple tasks and projects
✓Proactive, responsive communicator
✓Desire to empower and uplift communities
✓Availability for occasional evening events, workshops, and training