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Senior Project Manager for Real Estate Development
West Side Federation for Senior and Supportive Housing (WSFSSH)
Real estate development at WSFSSH includes the construction and/or substantial rehabilitation of new affordable and supportive housing units, often in conjunction with development of complementary community facility and/or commercial space, as well as the acquisition/preservation of existing housing units to ensure their long-term affordability. Some examples of projects WSFSSH is currently engaged include: brownfield site clean-up and moderate rehabilitation of a 145-unit senior housing development in the Bronx; new construction of 480-student charter school in Washington Heights; assemblage of multiple lots on the Upper West Side to yield 175 units of new affordable and supportive housing for homeless, seniors, and families; and evaluation of existing portfolio redevelopment opportunities.
The Senior Project Manager for Real Estate Development will report to the WSFSSH Director of Real Estate Development and will be responsible for implementing a range of housing and community development projects from inception to construction completion and conversion to permanent financing. The position will require collaboration with others within WSFSSH to facilitate overall development goals. Such goals include: project management of recapitalization and retrofit of existing WSFSSH properties; development and tracking of project budgets and coordination/securing/requisitioning of project capital and operating funding; communication with and oversight of real estate project teams (including architect, contractor, and environmental or other consultants) both before and during construction; coordination of pre-development activities (including but not limited to community outreach and notification; facilitation of tenant relocation efforts; participation in land use review protocols; identification of potential commercial and/or community tenants, etc; careful review of all project legal documentation; and coordination of activities of all internal and external team members to ensure that projects are delivered on time and on budget.
The successful applicant will be a creative and motivated self-starter, with a strong degree of initiative, and the capacity to develop a long-range “vision” for existing and potential projects. The ability to juggle multiple priorities and maintain an attention to detail is paramount. The applicant must have strong financial and analytical skills, including a careful eye when preparing project pro-forma and when reading and analyzing project-related reports and contracts. The ideal candidate will possess strong writing, communication, and people skills and will have a demonstrated interest in affordable and supportive housing. Candidate shall have a minimum of 3 years of real estate development and project management experience.
Specific skill-sets required for the job include: 1. Demonstrable ability to prepare real-estate related financial projections and analyses, including: pro-forma projections of development, operating, and service budgets; construction draw schedules, cash flow and reserve analyses, etc. Ability to track project expenditures and manage project cash flows during pre-development and construction. 2. Demonstrable real-estate related project management experience. This should include familiarity with construction period project management. 3. Familiarity with New York City, New York State, and federal programs for subsidized housing. Candidate should understand and be comfortable with grant, equity, and debt structures – including bond and commercial credit transactions. Prior experience utilizing the New York City Department of Housing Preservation and Development’s Supportive Housing Loan Program is desirable, but not requisite. 4. Ability to manage workload with minimal oversight 5. A commitment to WSFSSH’s mission, community development, and sustainability.
How TO APPLY:
Interested applicants should send 1) a cover letter and 2) a resume by email to HousingDevJobs@wsfssh.org. The cover letter should provide the applicant’s salary requirements, indicate in detail how he/she meets the specific qualifications of the job, and how he/she learned of the job posting. Please do not contact the office by phone or fax. For more information about WSFSSH, please visit www.wsfssh.org
WSFSSH is a non-profit organization that has been providing affordable housing to seniors and others in need of supportive services for over 30 years. WSFSSH develops, owns, manages, and provides supportive services in 24 buildings (in Harlem, the Bronx, and the West Side of Manhattan) serving over 1,700 individuals. WSFSSH specifically seeks to provide quality affordable housing and services to the elderly, homeless individuals, persons living with HIV/AIDS, individuals with mental illness, and others in need of supportive services that enable them to live independently within the community.