Real Estate Project Manager

Michigan Chapter of the National Association of Housing and Redevelopment Officials; Ann Arbor (MI); Hybrid; USD 66,000 - 81,000; Full time

Benefits offered by this job

Paid Time Off

Medical Benefits

403(b) Retirement Plan

Job summary

Avalon Housing is seeking a Real Estate Project Manager to oversee identified real estate projects, manage schedules, budgets and documentation, and coordinate across development teams. The role emphasizes financial analysis, regulatory diligence, and strategic planning within a supportive housing framework.

The position reports to the Director of Real Estate Development, is based in Ann Arbor, MI, and offers a hybrid schedule with at least two days in the office.

Qualifications

• Minimum BA/BS (or equivalent).
• Experience in project management related to real estate development preferred.
• Experience preparing LIHTC, HOME, or FHLB applications preferred.
• Ability to read and understand complex, formula-based documents (proformas).
• Ability to manage multiple development schedules, tasks and budgets.
• Strong working knowledge of Excel and Word.

Responsibilities

• Lead real estate development projects from inception to closing.
• Create and analyze operating and development proformas for new projects.
• Prepare funding applications (grants, LIHTC, HOME) and compile required documents.
• Coordinate with architects, contractors, funders, officials, attorneys and others.
• Coordinate development draws with the finance team and prepare reports for funders.
• Refine the Development Manual and support cross-department input throughout the process.

Skills

Project management

Financial analysis

Real estate development

LIHTC HOME

Regulatory documents

Education

BA/BS or equivalent

Tools

Excel

Word

Job description

At Avalon, housing is a human right. Our mission is to build healthy, safe and inclusive supportive housing communities as a long-term solution to homelessness.

Avalon Housing is a non-profit supportive housing provider. Supportive housing is a combination of affordable housing paired with services, such as case management. We don't just help people find housing, we help people stay and thrive in their homes.

If you are passionate about creating more diverse, inclusive, and equitable communities where all people are welcome, Avalon may be a good fit for you.

The Real Estate Project Manager reports to the Director of Real Estate Development and will have project management responsibility for identified real estate projects. The ideal candidate should be extremely comfortable with project management, financial analysis, and legal and real estate documents. They should have an inquisitive mind with a desire for learning, and a passion for innovative problem solving.

Here are some of the key benefits that Avalon staff receive:

Paid Time Off : Paid time off includes three weeks of vacation time plus additional sick and personal time allowances. There are additional paid days off that allow for at least one paid day off per month

Medical Benefits: Full-time employees can select from three medical insurance plans, including coverage options for you and your family. Plus, Avalon covers dental and vision insurance-with no per-payroll premium contribution!!

Life and Disability Plans: Employees working 16 or more hours per week receive life insurance and short-term disability coverage-Avalon covers the full cost of the premiums.

403(b) Retirement Plan: Avalon sponsors a 403(b) retirement plan through Vanguard, available to all employees.

Core Responsibilities:

For specific projects-manage all aspects of real estate development, including:

• Take the lead in tracking and satisfying project-related critical path benchmarks, such as purchase agreements, entitlements, third party reports, design documents and construction approvals.
• Creation and analysis of operating and development proformas for prospective projects
• Preparation of various funding applications, including grants and Low Income Housing Tax Credit applications, and including technical and financial information. Obtain and organize all necessary documentation, including preparing checklists and timelines, and completing funder-provided checklists
• Provide ongoing coordination and project direction across the development team, including architects, general contractors, funders, government officials, attorneys and others regarding ongoing and prospective projects
• Takes projects through from inception to closing
• Prepare development and construction draws while coordinating with our finance team.
• Complete on-going reporting and close-out activities and reports to funders and partner agencies
• Assist in refining Development Manual covering project work from project identification through project close-out.
• Obtain input from other Avalon departments throughout the development process-including project concept development, financing structure, implementation and post-project hand-off to operations.
• Participate in strategic planning efforts with the Real Estate Development Strategy (REDS) Committee and Real Estate Development team.
• Prepare agendas and notes for Project Team Meetings, as needed.
• Understand the needs of the Clients we serve and our commitment to Diversity, Equity and Inclusion work.

Desired Qualifications & Experience:

• Minimum BA/BS (or equivalent), preference for finance, real estate, urban planning, or related field.
• Preference for at least 3 years of experience working in a project management capacity related to real estate development.
• Strong preference for experience preparing and submitting LIHTC, HOME and/or FHLB applications.
• Ability to read and understand complex formula-based electronic documents, such as development and operating proformas.
• Ability to develop and monitor multiple development schedules, tasks and budgets.
• Strong working knowledge of Excel and Word.

The successful candidate will have the following traits and abilities:

• Excellent verbal and written communication skills
• Understand the full real estate development cycle, including the closing process.
• The ability to effectively give and receive feedback
• Strong organizational and project management skills
• Excellent attention to detail, including both work with numbers and with legal or regulatory text
• Creativity and flexibility
• The ability to thrive in a varied and multi-tasking environment
• Proven ability to develop and maintain cooperative relationships with individuals from diverse backgrounds, including public sector staff members and officials, representatives from other nonprofits organizations, vendors, and our tenants.
• A high level of comfort with financial analysis
• Highly analytical mind and a commitment to continuous improvement

Avalon Housing is dedicated to being an anti-racist organization. Successful candidates will demonstrate their commitment and ability to work with a wide range of populations. A valid driver's license and reliable transportation is required.

Reports to: Director of Real Estate Development

Location: This position and office is based in Ann Arbor, MI.

Hybrid work schedule is possible with at least 2 days per week in the office

Status: Full-time position, salary $73,500

Avalon Housing is an equal opportunity employer and actively seeks applicants from diverse backgrounds. This includes but is not limited to people living with disabilities or mental health conditions, and with lived experience with homelessness or recovery from a substance use disorder. Avalon also encourages those with criminal histories to apply. Avalon doesn't request information about criminal histories unless and until an offer of employment is extended. Avalon may exclude someone based on criminal history if it determines the criminal history is related to or directly conflicts with the responsibilities of the position.

Michigan Chapter of the National Association of Housing and Redevelopment Officials