Resources for Community Development Job Announcement

Position: Project Manager Department: Real Estate Development Location: Berkeley, CA Status: Regular, Full-time, Exempt Salary: DOE, plus excellent benefits Job posting date: November 2019

Who We Are Resources for Community Development (RCD) is a leading regional nonprofit developer and owner of affordable housing. RCD’s mission is to create and preserve affordable housing for people with the fewest options, to build community and enrich lives. RCD fosters strong, inclusive neighborhoods through strategies that address the health, economic development, education, and housing needs of residents across the community.

Since RCD was established in 1984, we have developed or preserved over 65 communities that provide affordable, high-quality, and service-enriched affordable rental housing to over 2,300 low-income households throughout the Bay Area. Through a robust pipeline, RCD is actively growing, with close to 1,000 new units of affordable housing in development or under construction. RCD strives for excellence, and we are seeking an outstanding candidate to join our team.

The Role The Project Manager, under the direction and supervision of RCD’s Director of Real Estate Development, will have primary responsibility for a full range of real estate activities relating to the development of affordable multifamily housing, ranging from entitlements and community engagement work through construction closings, construction management and lease up and transitioning into full operations. Successful candidates will have current real estate development experience as well as a passion for growth within the affordable housing industry. RCD prides itself in being an industry leader in taking on complicated projects with positive impacts in the communities where we work, while advancing intellectual and technological innovation in affordable housing development. For this position, we are looking for someone that is entrepreneurial, collaborative, and able to move multiple projects forward simultaneously. The position will not only offer opportunity to develop impactful projects in our communities, but also to contribute to the organizational growth and direction for RCD’s future.

Essential Responsibilities

Project Financing Responsible for researching and securing funding sources to support feasibility, pre-development, construction and permanent loan phases of development.

 Research and identify viable funding sources to support project development and completion  Oversee preparation and submittal of complete funding applications  With support from senior real estate development staff, assign and oversee tasks assigned to support staff, as appropriate  Organize and assemble reports, attachments, graphics, budgets, narratives, letters, certifications, and other documentation needed  Represent RCD and its development work at funder, council and other meetings, as needed  Assist with management of RFPs, selection and negotiations related to lender and equity investments  With support from senior real estate development staff, negotiate terms with lenders and investor, as appropriate

Entitlements Responsible for assisting senior real estate development staff in securing entitlements for new projects in the RCD pipeline.  Research zoning and entitlements requirements and procedures  Assist with submissions and approvals of zoning applications and other required city approvals  Participate in community outreach and engagement work, including making presentations to community groups, commissions, design review boards, city councils, board committees, etc.

Project Management Responsible for procuring, contracting with, and managing a variety of development related vendors, consultants, and contractors.  Oversee identification, selection and contract negotiations with development related vendors, consultants and contractors  With support from senior real estate development staff, manage the design development process, using continuous input through the course of the project development and completion, asset management, property management and services departments  With support from senior real estate development staff, coordinate and oversee work of development team to maintain budget, quality and schedule  Monitor construction work, assure high quality work and meet project schedules

Budget Management With support from senior real estate development staff, responsible for developing and maintaining multiple budgets and financial pro forma throughout the development process.  Conduct feasibility analysis of new and existing properties  Develop and manage project budgets, cash flow projections and schedules from project inception through construction completion, including the implementation of cost containment strategies and value engineering processes throughout

Organizational Responsibilities Manage transition of completed projects from development to operations  Oversee scheduling and coordination of marketing and lease up of properties  Ensure successful close-out of funding and investor requirements  Manage complete packaging and transfer of project documents, agreements, and terms to asset management and resident services teams  Assist with management and resolution of construction warranty claims through during first year of project occupancy  Participate in department, RCD and other staff or industry meetings and activities

Qualifications & Skill Set

Qualified applicants should have at least three years of progressive experience in affordable housing, finance, and/or real estate. The position requires a strong knowledge of affordable housing real estate development, affordable housing funding programs, real estate finance, and construction.

The applicant should have demonstrated experience and/or abilities in the following areas:  Strong organizational skills and an ability to juggle, prioritize and delegate in a fast-paced environment  Demonstrated relationship building experience, and an ability to work collaboratively with the diversity of affordable housing and real estate development stakeholders  Strong negotiation skills and experience  Experience in preparation and analysis of pro forma financial spreadsheets, cash flow projections, and other relevant financial and physical analyses of real estate  Clear and effective verbal and written communications  Ability to work with minimal supervision  An entrepreneurial mindset and an interest in exploring new product types and partnerships  Bachelor’s degree in finance, economics, urban studies, architecture or related field, or equivalent combination of education and/or experience, required  MBA, master’s degree in city planning or related field, preferred

Work Environment Majority of time spent in a professional office environment

Travel Requirements The responsibilities of this position will require occasional travel to off-site locations around the San Francisco Bay Area.

Physical Requirements While performing the duties of the job, the employee is regularly required to sit, speak and hear. Requires frequent use of a keyboard, computer monitor and phone. Must be able to communicate clearly, both verbally and in writing. Must be able to lift up to twenty (20) pounds occasionally. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions of the job.

Application Procedure and Salary Applicants should send a cover letter, resume AND salary requirements via e-mail to careers- [email protected]. Please reference “Project Manager” in the subject line. Applicants with suitable experience and/or skills will be contacted for interviews. People of historically marginalized groups are strongly encouraged to apply.

RCD offers competitive benefits including: paid vacation and sick leave; health, dental, vision, life and long- term disability insurance; pre-tax flexible spending and commuter plans; and employer contributions to a retirement savings plan.

RESOURCES FOR COMMUNITY DEVELOPMENT IS AN EQUAL OPPORTUNITY EMPLOYER