About the Job

The Project Manager / Senior Project Manager based in Southeast Michigan will be responsible for completing all facets of multifamily development from project conception to the successful transfer of the project to the operations team. The role will focus on development opportunities in Southeast Michigan and will also assist with Ohio-based development opportunities when needed.

 

Working directly with the Regional Development Leader, this role offers the opportunity to assist with site identification and acquisition, applying for and securing project funding, assembling a successful development team, closing construction and permanent financing sources, and administering the project through the construction period. You'll have the opportunity to manage the project budget, timeline, and compliance with funding requirements. In addition, you'll be a resource and mentor to more junior development staff, sharing expertise and providing direction on moving deals forward.

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Scope of Responsibility:

• Develop project timeline and execute tasks to meet deadlines/timelines

• Identify and secure project financing including completing housing credit applications; local, county, and state funding applications; conventional financing; HUD/FHA financing; tax-exempt bond financing; foundation grant applications; and pre-development loan applications

• Assemble the project development team, including identifying and procuring proposals from potential development team members

• Negotiate and secure executed agreements from selected development team members

• Represent the organization appropriately at municipal meetings and community group meetings

• Manage and coordinate services completed by the project Architect(s)

• Coordinate closing of all predevelopment, construction, and permanent financing

• Procure project entitlements, including coordination with local municipality staff and politicians

• Manage investor relationships and coordinate project partnership closings

• Ensure successful construction close-out and coordinate turnover of projects to operations/property management

• Receipt of all take-out financing, construction mortgage lien releases, and other permanent financing

• Coordinate and package carryover allocation agreements and project close-out documentation, including but not limited to owner cost certification submissions and equity bridge loans

• Out-of-state travel for specific project-related activities, including attendance at project-related meetings and regular site visits during construction as needed

• Provide leadership/guidance on new project types

 

Qualifications:

• Required: Bachelor’s degree in a related field

• Preferred: relevant Master’s degree

• 5-10 years of experience in Affordable Housing/LIHTC Development

• Experience in closing the construction and permanent financing of at least 5 developments for which you had primary responsibility during all phases of development including the syndication of Low-Income Housing Tax Credits, HUD-funded financing programs, tax-exempt bond financing, and other multilayered financing structures

 

OUR FIRM

KM Partners’ national Executive Search and Professional Recruitment practice areas focus on high-growth, impact-investment-oriented businesses across relevant industries, including Investment Management, Real Estate, Clean Energy, Sustainable Infrastructure, and related Business and Professional Services. With a core focus in Tax Credits (LIHTC, NMTC, Historic, & Renewable), Multifamily, Affordable and Senior Housing, we partner with clients and place industry-specific professionals throughout the United States. At KM, we have established an unparalleled track record of repeat business and success recruiting in niche practice areas, including 140+ placements in Affordable Housing, which have led to 50+ promotions to date. We represent C-level Executive Leadership, Middle Management, and experienced Associates across industry professions.

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If qualified, please contact:

Butch Edlinger | Managing Director

303.515.7101 | butche@kmcompanies.com