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Gillian Executive Search, Inc. - recruiters in real estate development, construction and architecture

The Assitant Project Manager  will assist in the management of LIHTC applications, LIHTC awards and development process for affordable housing new construction and rehabilitation projects. The position is based in Orange County California and reports to the local senior management and will work in collaboration with the company Principals, and other development and construction team staff.

Responsibilities, by phase, include:

Acquisitions:

  • Identify sites in municipalities with potential local funding programs
  • Insure that sourced opportunity meets all requirements for local LIHTC.
  • Manage the assmbly of low-income housing tax credit (LIHTC) applications and requsts for propsal: ensuring all documents are compliante with the LIHTC program requirements and annual qualified allocation plan
  • Submit tax credit applications and pursue awards of LIHTCs
  • Participate and prepare response to RFP’s and RFQ’s
  • Prepare and submit LOI’s and coordinate with brokers/owners
  • Assist senior management when entering purchase and sale agreements.
  • Prepare due diligence on properties under contract

Financing:

  • Assist in obtaining and close financing for the project including identifying sources, submitting applications/RFPs and negotiating terms
  • Identify proposed project funding partners and sources
  • Obtain letters of interest and proposed terms from capital sources as required for support of acquisitions and funding proposals
  • Work with preconstruction capital sources to secure preconstruction funds, including applications and due diligence
  • Work with senior management driving the completion of partnership agreements, and construction loan agreements
  • Manage existing relationships with project debt and equity sources, and identify new capital relationships and sources as required
  • Management of financial reporting and coordination with internal accounting department to track monthly budgets and quarterly forecasts

Desired Qualifications Include:

  • Minimum of 3 years working with multifamily residential devekionent projects using tax credit and bond financing
  • Tracking and reporting budgets using excel
  • Desire to work in a diverse, entrepreneurial company and environment where there is NO limit on your production.

Compensation: Base salary target of 65 – 80K (maybe more based on experience) and performance bonus.

 


    • Job type: Permanent
    • Location: Orange County, CA
    • Date posted:
    • Pay:$- $ per hour