Senior Project Manager (Real Estate Development)

NOAH is looking for a Senior Project Manager to join and flourish within our East Boston based Real Estate team and our organization. Over the past five years, NOAH has completed $100 million in affordable housing development projects. We have a growing pipeline that includes five major projects (with approximately 300 new apartments and condos), including affordable rental, homeownership, mixed use developments. We are also restructuring and renovating buildings within our existing portfolio. NOAH’s projects meet the needs of our great neighborhood as well as the Commonwealth with a focus on affordable/workforce and mixed-income  housing throughout Greater Boston.  We are looking for an energetic, collaborative, knowledgeable, experienced, mission-driven individual.

The ideal candidate will have a combination of experience and the ability to learn aspects of the 4% and 9% LIHTC programs as well as complex mixed income, multifamily rental - developments.  The candidate must be able to lead and independently manage major elements of a project, from financing applications, closings and to oversee the project through construction closing and lease up.  The candidate will possess a minimum of two (2) years of relevant work experience in real estate project management or a related field.    A key component to this position is the demonstrated knowledge creating and managing a development underwriting proforma, preferably for a LIHTC-funded affordable housing project

The position will report to the Director of Acquisitions and Asset Management and will have direct interaction with the Executive Director and Finance Department.

Duties and responsibilities may include some or all the following:

Demonstrated knowledge creating and managing a development Underwriting proforma, preferably for a LIHTC-funded affordable housing project

Ability to research, analyze and determine project feasibility for potential acquisitions for development;

Effective management of pre-development and development phases of selected projects;

Take projects through zoning and permitting, including managing community relations;

Lead in the preparation and submission of One Stop funding applications and coordinate the work of our third-party consultants to ensure the timeliness, quality, and cost effectiveness of each development community application;

Manage financial closings, relationships with financial partners, and compliance with financing requirements during construction period. Possess effective communication skills to interact with lenders, state agencies and investors;

Lead to coordinate proposals and services for, (environmental, architect, civil, appraiser, market analyst, etc.) working with the Director of Acquisitions and Asset Management and providing monthly development sources and uses reporting;

Lead to prepare funding requisitions during construction.  Work with the Director of Acquisitions to perform Owner’s responsibilities and address issues during construction;

Our ideal candidate will be a highly motivated, flexible, and team driven individual. They will appreciate the opportunities to work on a small, efficient team committed to helping one another succeed. They will have many of the following skills and experiences:

Bachelor's degree in a relevant field or the equivalent in training and experience.

Ability to adhere to sound not for profit real estate development principles.

Strong project management skills, with proven ability to manage multiple priorities and deadlines with attention to detail.

Experience with One Stop application and with various affordable housing funding programs, such as the Low Income Housing Tax Credit (LIHTC), HOME, CPA, Section 8.

Demonstrated knowledge creating and managing a development underwriting proforma, preferably for a LIHTC-funded affordable housing project.

Exceptional interpersonal, writing, and verbal communication skills.

Proven ability to adapt to a changing environment and work effectively under pressure.

The position has modest travel requirements within Massachusetts.