5 finance jobs found

Reporting to the Director of Portfolio Management, the Portfolio Manager will be responsible for interacting with developers and investors regarding all asset management functions. His/her responsibilities will include: All functions related to the management of a portfolio of affordable housing tax credit assets, including properties in the following lifecycles: construction, pre-stable, stable and watchlist. Functions include: construction monitoring, calculating tax credit adjusters, lease up monitoring, tax credit compliance (in conjunction with in-house expert), facilitating permanent loan conversions, review of financial data (including budgets, monthly & quarterly financial results, and annual audits & tax returns), insurance monitoring (in conjunction with third party monitoring firm), etc.; Preparation of property reports for internal and investor purposes; Performing real estate site visits; Overseeing capital contributions for assigned...

Under the direction of the Director of Housing and Development, the Senior Project Manager is responsible for all activities related to the development of at least three affordable multifamily housing developments. ESSENTIAL DUTIES M anage at least three (3) projects through the development process. This will consist of processing land use approvals, garnering community support, preparing funding applications, assembling the development team, supervising the design of the project, closing all construction period financing, monitoring construction, coordinating with Asset Management regarding lease-up and occupancy, closing of permanent financing and transitioning the project to Asset Management. Generally, the Senior Project Manager’s projects will be the more complex and challenging projects within the development group’s pipeline. Other:   Provide direction and support to the other project managers, as requested. Provide training...

Under the direction of the CEO, the Director of Housing and Community Development (Director) is responsible for real estate development across the portfolio, namely cultivating and evaluating real estate development opportunities and relationships that enable the company to successfully grow its portfolio of high-quality affordable housing. Working in partnership with the Deputy Director of Housing and Community Development (Deputy Director), the two will establish and implement systems for best practices as well as an annual budget for real estate development, and will assist in the promotion and execution of our corporate vision and real estate development activities. As a member of the Leadership Team, this position participates in establishing department priorities, embodies and protects our brand and culture, and actively works to grow our reputation for excellence. The principal activities of this position are cultivating and managing acquisition activities, soliciting...

ESSENTIAL DUTIES AND RESPONSIBILITIES A.          Finds and evaluates development opportunities, conducts initial feasibility analysis; creates a development strategy; negotiates purchase agreements; and coordinates community acceptance planning. B.          Obtains project financing, including preparing financing applications (TCAC, CDLAC, conventional, etc.), creating deal structures, coordinating legal agreements for financing, and staying current on public and private financing programs. C.          Conducts financial analysis and proforma modeling; considers creative and out-of-the-box financing opportunities. D.          Manages the development team, including selecting and hiring of design, construction and other consultants necessary to develop the project;...

The hired candidate will analyze, process and manage a variety of consent requests, complete underwriting analysis, and work with legal counsel as appropriate. In addition, the Asset Management Senior will exercise delegated approval authority for certain credit decisions on regular requests and recommend to management for circumstances that exceed their respective levels of authority. Your work will primarily fall into the following categories: Assess project and partnership risk factors as they pertain to compliance with Section 42 (LIHTC) provisions, terms of partnership agreement, loan documents, LURAs, QAPs, and tax credit application. Manage the disbursement of equity for the assigned portfolio. Communicate issues that may place a project at risk to appropriate leadership in Asset Management and develop an action plan that will help mitigate the risk and protect the investment. Assist with the disposition of assets at the end of the affordable...