Project Manager I/II
Company: East Bay Asian Local Development
Location: Oakland
Posted on: May 3, 2024
Job Description:
Emphasizing our historic and continuing commitment to Asian and
Pacific Islander communities, the -East Bay Asian Local Development
Corporation (EBALDC) -works with and for all the diverse
populations of the East Bay to build healthy, vibrant and safe
neighborhoods through community development. EBALDC -is a
first-generation social enterprise founded in 1975 that has
consistently generated > 75% of our revenue from earned income.
Our businesses and programs generate revenue to support sustained
social impact. We oversee a diverse range of businesses and
programs, including real estate development, property management,
social services, and professional services, some of which are
corporate operations and others are operated as subsidiaries and
through partnerships with public and private partners. EBALDC is
dedicated to building a culturally diverse and pluralistic
organization committed to working in multicultural communities, and
strongly encourages minorities, people of color and women to apply
for our employment opportunities. EBALDC is an equal opportunity
employer and makes employment decisions on the basis of merit,
including the applicant's ability to champion EBALDC mission,
values and organizational culture. EBALDC wants to have the best
available persons in every job. EBALDC policy prohibits unlawful
discrimination on any basis protected by federal, state or local
law or ordinance or regulation. For more about -our accomplishments
-and -our mission, please visit: -www.ebaldc.org
East Bay Asian Local Development Corporation (EBALDC) -is seeking
one (1) regular full time -Project Manager I/II - -in Oakland,
CA.
- Summary: Project Manager I: The Project Manager I is responsible
for originating, scheduling, financing, coordinating, and
implementing all aspects of EBALDC's Healthy Neighborhood real
estate development projects, including affordable, mixed-income,
and mixed-use housing developments and commercial developments.
Projects may include new construction, rehabilitation of existing
buildings, acquisitions of market-rate multifamily buildings, or
real estate consulting to nonprofits, including for office space
development. The Project Manager I has broad responsibility for
shaping the design, financing, program and strategy for these
projects throughout the feasibility, acquisition, predevelopment,
construction, and turnover-to operations phases. Depending on
experience and ability, the Project Manager may take the lead role
in up to three active projects at any one time.
Project Manager II: -The Project Manager II is responsible for
originating, scheduling, financing, coordinating, and implementing
all aspects of EBALDC's Healthy Neighborhood real estate
development projects, including affordable, mixed-income, and
mixed-use housing developments and commercial developments. -
Projects may include new construction, rehabilitation of existing
buildings, acquisitions of market-rate multifamily buildings, or
real estate consulting to nonprofits, including for office space
development.
The Project Manager II has broad responsibility for shaping the
design, financing, program and strategy for these projects
throughout the feasibility, acquisition, predevelopment,
construction, and turnover-to-operations phases. This role involves
increased skill level, independence, and responsibility from the
Project Manager I role. - Depending on experience and ability, the
Project Manager may take the lead role on up to three active
projects at any one time.
- Job Responsibilities: -
- Financial Feasibility: develop strategy for 4%/9% low income
housing tax credits, historic tax credits, new market tax credits,
tax exempt bonds, and competitive gap financing and project-based
voucher applications. This involves evaluating alternative
financing approaches; providing direction to the financial
consultant; and coordinating with internal stakeholders and other
third-party consultants on development and operating budget
inputs
- Programmatic feasibility analysis: develop strategy in
consultation with internal stakeholders and consultants for meeting
supportive services, amenities, and design commitments as
conditions of financing, entitlements, and construction approvals.
This involves providing feedback and guiding alternatives (e.g.,
-cost-benefit analysis, architectural and engineering strategies)
to meet project needs.
- Continuous improvement process: lead and implement
post-occupancy evaluation of projects. This involves overseeing
post-occupancy considerations, including physical, financial,
regulatory, or process improvements
Secure Sources of Financing
With guidance from Supervisor:
- Funding Applications: create and implement workplan and
schedule for internal and external parties for completing
application(s) that align with funding strategy. This involves
managing deliverables with internal stakeholders and third-party
consultants; and bearing ultimate responsibility for quality
control and submittal of application deliverables
- Capital Markets Private Financing: leading selection of the
financial team, in coordination with senior staff. This involves
drafting the capital markets Request for Proposals; responding to
investor and lender queries; and bearing ultimate responsibility on
negotiation of final terms for commitment letters/term sheets
- Escrow and Draw Process: lead loan closing process. This
involves responding to lender and investor due diligence;
coordinating internal stakeholders and third-party consultants;
finalizing development and operating budget assumptions; managing
flow of funds across multiple parties through escrow; bearing
ultimate responsibility for internal review and approval of loan
documents (including guarantees, indemnities, risks, mitigants);
and overseeing document handoff
- Conversion and Placed In Service Process: lead conversion and
placed in service processes. This involves working with auditor and
financial consultant on lease-up and relocation schedules, cost
certification, and project audit; finalizing operating budget;
bearing ultimate responsibility for escrow and loan closing
process; bearing ultimate responsibility for final payments,
compliance, and close-out with financial partners; bearing ultimate
responsibility for placed-in-service documentation and submittal
process; and leading transition to Asset Management
Build Support & Obtain Approvals
With guidance from Supervisor:
- Internal Stakeholders: convene and lead internal project team
members, including EBALDC Property Management, Asset Management,
Commercial Real Estate, Neighborhood Economic Development, Healthy
Neighborhoods, and Finance and Accounting staff to maintain
continuous input throughout the course of the project and ensure
organizational goals are met. This involves internal project
strategy meetings; and engaging supervisors to elevate and resolve
obstacles
- External Stakeholders: lead external stakeholder involvement,
including attending/facilitating community meetings, planning
sessions, public hearings, and other events as required. This
involves effectively communicating and promoting EBALDC's goals,
mission and values
- JV Partners, If Applicable: convene and lead (with oversight
from RED Associate Director or Director) in negotiation and
management of joint venture or partnership agreements where
applicable. This involves meeting coordination; tracking and
coordinating decision-making; streamlining accounting procedures
across multiple parties, and engaging supervisors to elevate and
resolve obstacles
- Planning Entitlements: lead planning, permit, and environmental
approvals, including management of consultants as needed. This
involves making presentations before public bodies and working with
the project team and public agency staff to oversee deliverables
and approval processes
- Board Approvals: lead the corporate approval process, including
responsibility for accurate and transparent Board requests that
capture full extent of project exposure and liabilities. This
involves coordinating with internal and external parties, drafting
Committee and Board memos and resolutions, attending Committee and
Board meetings, and formation of new entities
- External Relations: as needed, initiate and coordinate public
relations, outreach, and fundraising efforts, including EBALDC
representation at community meetings, local and statewide
associations, city council, housing committees, planning and zoning
committees, and other project- or industry-related events. This
involves supporting project events (e.g., groundbreaking, ribbon
cutting), project-related material for the communications team, and
media relations coordination; and engaging supervisors to elevate
and resolve obstacles
Project Management
In addition to project management duties already listed, with
guidance from Supervisor:
- Project Teams: assemble and manage internal and external
development team members. This involves selecting, negotiating
with, and managing of non-construction-related project consultants
(e.g., legal, finance, and other special consultants) and
construction-related consultants (e.g., architects, general
contractors, engineers); overseeing and supervising internal real
estate development team members; and maintaining cordial
relationships across the organization and project partners to
ensure adherence to project budget and schedule
- Pre-Construction: lead site control, entitlements, design, and
financing phases of projects to meet organizational objectives.
This involves overseeing the predevelopment budget, project
timelines and schedules; negotiating project contracts and monitor
compliance; overseeing project design development(programming,
project plans, specifications); and conformance with corporate
standards and lender, investor, and regulatory requirements
- Construction: lead the construction phase of project. This
involves finalizing, refining, and monitoring of the construction
budget; preparing, updating and adhering to project timelines and
schedules; overseeing the construction process including compliance
with local government and lender requirements; and working with
Property Management and Resident Services to facilitate affirmative
marketing and smooth transition to occupancy
Other Tasks as Assigned
- Professional Development and Department Infrastructure: attend
external training and industry conferences that are recommended by
RED Director or Supervisor. Participate in internal departmental
and company-wide professional development and
infrastructure-building opportunities, including peer-to-peer
training
- Business Development: work with department leaders to identify
and evaluate feasibility of potential project sites and development
opportunities. -This involves facilitating priority-setting
meetings; conducting due diligence; analyzing project feasibility;
and negotiating and closing the acquisition of new vacant or
occupied properties
- Special Projects: manage discrete tasks across other projects
or properties, such as researching funding opportunities for energy
efficiency and renewable energy implementation Required
Qualifications: -
- A minimum of two years of housing development experience.
Ability to structure affordable housing financing including
technical fluency with low income housing tax credits, State of
California housing programs, federal housing programs (such as
HOME, CDBG, Section 8), and
- A minimum of three years of housing development experience. -
Demonstrated experience with affordable housing development finance
is required including fluency with low income housing tax credits,
State of California housing programs, federal housing programs
(such as HOME, CDBG, Section 8), and local City or County
financing
- Proficiency with Microsoft Office Suite, including SharePoint,
and familiarity with Salesforce and Adobe
- Bachelor's Degree in Business Administration, Planning,
Architecture or a related field. - Master's degree preferred
- Valid U.S. Driver's license Physical Demands:
- This job requires simple grasping and fine manipulation,
sitting at a desk and using a computer for extended periods of
time, moderate use of telephone standing, walking, bending and
reaching. Requires occasional lifting or moving of objects up to 25
pounds. Reasonable accommodations may be made to enable individuals
with disabilities to perform the essential functions Salary Range:
Project Manager I: $100,000 - $110,000 annually -
Project Manager II: $110,000 - $120,000 annually - Benefits and
Other Information: EBALDC offers excellent benefit. EBALDC pays up
to 100% of employee premiums and 60% of dependent premiums for
Medical, Dental, Vision, LTD and Life, EAP, Retirement, Paid Time
Off, CA Paid Sick Leave, Holidays and Wellness Days off for all
eligible employees. Please NO PHONE CALLS! EBALDC is an EOE
Employer
Keywords: East Bay Asian Local Development, Roseville , Project Manager I/II, Executive , Oakland, California
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