Project Manager (Acquisition & Development)

Commonbond Housing - Saint Paul, MN

Full-time - Mid Level

Saint Paul, MN

About the position

CommonBond Communities is seeking a dedicated and experienced Acquisition & Development (A&D) Project Manager to join our team at our Central Office in St. Paul, MN. This full-time position is pivotal in managing multiple projects that align with our mission of providing quality affordable housing and support services to our residents. The A&D Project Manager will work closely with the Director of Acquisitions & Development and other team members to implement the A&D business development plan, track business opportunities, and negotiate contracts with development team members. In this role, you will be responsible for identifying multifamily new construction and acquisition opportunities, defining project scopes, and determining financial feasibility in collaboration with the Real Estate team. You will also engage with community stakeholders, prepare presentations for various boards, and lead project management efforts to ensure timely completion within budget. The position requires strong project management capabilities, analytical skills, and the ability to effectively communicate with a diverse range of stakeholders, including residents, contractors, and public agency staff. The A&D Project Manager will also oversee the construction phase of projects, manage budgets, and ensure compliance with regulatory requirements. This role is essential in facilitating a smooth transition to Housing and Services upon project completion, ensuring that our residents receive the support they need to thrive. If you are passionate about making a difference in the community and have the skills and experience we are looking for, we encourage you to apply.

Responsibilities

• Assist with the implementation of the A&D business development plan.
• Maintain tracking of business opportunities and report to the A&D team monthly.
• Identify members of the development team with assistance from other Real Estate Team members.
• Negotiate contracts with development team members under the guidance of the Director.
• Identify multifamily new construction and acquisition opportunities and define project scope.
• Determine project financial feasibility in consultation with the Real Estate team and Director.
• Secure interest from potential sources of financing for projects.
• Collaborate with community stakeholders including residents and public agencies.
• Prepare written presentations for IRC, Housing Board, and CommonBond Board detailing project impacts and risks.
• Negotiate project acquisition agreements with assistance from the Director.
• Work with public agency staff to ensure timely project reviews and approvals.
• Secure financing for predevelopment, construction, and permanent financing from public and private sectors.
• Lead closing efforts related to funder due diligence and document review.
• Manage all aspects of project construction including bids, contract negotiations, and change orders.
• Attend on-site construction meetings to ensure projects are completed on time and within budget.
• Establish and manage project budgets to achieve financial objectives with support from the Director.
• Prepare and monitor cash flow projections and project schedules to ensure timely completion.
• Lead interdepartmental planning for Property Management and Project Transition Plan.
• Manage YARDI construction module use for projects.

Requirements

• Bachelor's degree in real estate, urban planning, political science, business administration, finance, public administration, or a closely related field.
• 2+ years of real estate development experience in public or private sector, preferably in affordable multi-family development.
• Strong ability to conduct research and present recommendations.
• Strong analytical skills and ability to interpret municipal, state, and federal program requirements.
• Understanding of real estate finance and development concepts, including affordable housing programs.
• Strong project management capabilities and ability to manage multiple long-term projects.
• Strong interpersonal skills to interact effectively with diverse stakeholders.
• Proficient in Microsoft Office Suite including Word, Excel, PowerPoint, and MS Project.
• Excellent oral and written communication skills.
• Ability to work independently and establish priorities.

Nice-to-haves

• Experience with Yardi software is a plus.
• Knowledge of affordable housing policies and regulations.

Benefits

• Competitive salary
• Employee referral program
• Comprehensive benefits package
• Employee recognition and rewards program
• Ongoing training and professional development
• Work-life balance
• A respectful and growth-oriented workplace