Reports to: Director of Community Real Estate
Revised: January 2014
Mission Economic Development Agency (MEDA) – Rooted in the Mission and focused on San Francisco, MEDA’s mission is to strengthen low- and moderate-income Latino families by promoting economic equity and social justice through asset building and community development.
MEDA is advancing strategies to create asset building opportunities for San Francisco’s Latino families and in the Mission District through: (1) our core, integrated Asset Building Programs related to housing, financial capability, workforce development, business development and tax preparation; (2) serving as a backbone agency to advance educational achievement and family economic success through the Mission Promise Neighborhood 2-generation approach; (3) creating and preserving affordable housing and commercial real estate in the Mission District through Community Real Estate; (4) providing access to capital and innovative financial products through the Adelante Fund; and (5) Policy & Advocacy efforts that support our mission.
Mission Economic Development Agency is looking for a ready candidate to be part of a new team to develop MEDA’s housing and commercial real estate assets. Mission Economic Development Agency is establishing a Community Real Estate program to fulfill our long term vision of building vibrant, diverse, proud and forward thinking communities in which residents can call San Francisco their permanent home and own their own homes and businesses. As part of a dynamic organization in the Mission district serving the needs of generations of Latino families, we expect the right candidate will be passionate about building community value through the development of residential and commercial buildings in the face of intense development pressures.
Responsible for developing and project managing the affordable housing and commercial real estate portfolio for Mission Economic Development Agency. The diverse portfolio will include occupied-rehabilitation of multi-family and small buildings, new construction as well as commercial buildings. Reporting to the Director of Community Real Estate, the Project Manager or Senior Project Manager will be expected to be a critical member of the team to develop properties to meet organizational objectives for asset building, sustainability, community and economic development. Activities and tasks range from feasibility analysis through completion of construction and transition to operations.
Competitive compensation and excellent employee benefits.
Essential Job Functions
- Represent MEDA in joint venture development partnership.
- Prepare, update and adhere to project schedules.
- Evaluate potential development sites and perform feasibility analyses related to property acquisitions.
- Solicit and coordinate the work of professional consultants. Negotiate contracts.
- Obtain project approvals from planning and building departments and other regulatory agencies.
- Prepare financial proformas and monitor development and construction budgets.
- Procure financing from conventional and public sources, including preparing financing applications.
- Coordinate, document and facilitate escrow closings.
- Coordinate bid and qualifications processes to select architects and general contractors and subcontractors.
- Negotiate contracts and monitor contract compliance.
- Oversee project design development and preparation of project plans and specifications.
- Manage the construction process, including meeting lender and governmental requirements and processing of pay application and loan disbursement requests.
- Work with Property Management, Tenant Services, Asset Management and tenants to ensure integrated design and development of projects.
- Conduct due diligence tasks to safeguard the organization’s investments and corporate integrity.
- Perform outreach duties and public relations work as needed, including attending community meetings.
- Supervises Community Real Estate staff as assigned (Senior Project Manager level).
- Meet with and report to the Director of Community Real Estate on a regular basis to discuss issues associated with the development process.
- Undertake tasks as may be assigned by the Director of Community Real Estate.
- Perform other assignments and duties as assigned.
Qualifications and job requirements
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- Project Manager: A bachelor’s degree and 2 years of experience in affordable housing development project management; OR a master’s degree in urban planning, business, economics, law, public policy or a related field and 1 year of experience in affordable housing or community development.
- Senior Project Manager: A bachelor’s degree and 5 years of experience in affordable housing development project management; OR a master’s degree in urban planning, business, economics, law, public policy or a related field and 4 years of experience.
- Strong experience in affordable housing and/or multi-family residential, commercial with non-profit and small business real estate finance preferred.
- Strong financial proforma skills, including proficiency in Microsoft Excel.
- Ability to work within project teams and supervise work of consultants.
- Proven ability to develop and maintain cooperative relationships with individuals from diverse backgrounds, including board members, public sector staff and officials, representatives of other nonprofit organizations, vendors, and people from low-income households.
- Exposure to design issues and construction materials and methods.
- Capacity to manage 2 or more projects independently.
- Commitment to green-building and sustainable policies and practices.
- Commitment to providing long-term affordable housing and to the concept of organizing low-income people to stabilize communities and create social change.
- Well-developed public speaking, verbal and written communication skills.
- Strong organizational skills and attention to detail.
- High degree of independence, initiative, responsibility, and accountability as well as capability in a team environment.
- Ability to anticipate needs, risks and problems and to act proactively.
- Must be able to travel to community or resident locations within a 10 mile radius of the work Strong proficiency in using MS Office Word, Excel and Outlook software.
- Willingness and ability to attend occasional evening and weekend meetings and events.
Please click on the link below to complete the application for this position.