NOAH, the Neighborhood of Affordable Housing, seeks a Senior Project Manager to join and flourish within our Real Estate team and our 36-year-old CDC. The Senior Project Manager will help to manage our active pipeline of affordable and mixed income housing development activities, both in East Boston and in other Eastern Massachusetts communities.
NOAH is an East Boston-based community development corporation (CDC) and a NeighborWorks organization with an active pipeline throughout Greater Boston. We collaborate with and support residents and communities in their pursuit of affordable housing, environmental justice, community planning, leadership development, and economic development. Together, we improve standards of living, build community, and create social and economic opportunities, especially for low- and moderate-income persons, families, disadvantaged groups, and communities.
Since 1987, NOAH has: renovated or developed more than 400 units of housing, including 45 for-sale properties; counseled more than 2800 families in the home buying process; and assisted more than 2700 people threatened by foreclosure. NOAH manages property and leads community organizing, youth leadership and summer programs for children, serving up to 200 young people each summer. See attached NOAH by the Numbers for latest numbers and investment values.
Real Estate Development at NOAH
Over the past five years, NOAH has completed more than $100 million in affordable housing development projects. We have a growing pipeline that includes five major projects (with approximately 300 new units), including affordable rental, homeownership, and mixed-use developments. We are also restructuring and renovating buildings within our existing portfolio of smaller three-deckers in East Boston.
Active project work includes:
- Construction of a 7-unit all-affordable homeownership development in East Boston. Sales begin this winter with occupancy in the spring
- In autumn 2024, we will achieve Certificate of Occupancy on the adaptive reuse of a historic mixed-income, 38-unit/10 commercial spaces development in downtown Taunton
- Submitting One Stop this winter to develop 64 LMI units of a two-phase LIHTC, 106 rental units in Ayer
- Seeking additional funding for community inspired, artist-themed construction of 36 mixed- income rental units adjacent to the homeownership project above
- Currently refinancing several parts in our 128-unit, 37 triple decker building portfolios in East Boston. Mass Development is reviewing tax exempt bond application this winter and City of Boston is solicited for $3-4M in equity
- Greenhouse Gas funds (GHG) are expected to flow to NOAH from sources this spring and summer to decarbonize units. Rehab to follow. Coordination of sources and plans needed.
NOAH’s projects meet the needs of our great neighborhood as well as the Commonwealth with a focus on affordable, workforce and mixed-income family housing throughout Greater Boston. We have three Gold for Homes sustainable designations and aim for green, sustainable Passive House projects going forward.
The Senior Project Manager
NOAH seeks an experienced, energetic Senior Project Manager to manage multiple, complex projects. The Senior Project Manager will collaborate with our Executive Director and other NOAH staff, such as Finance and Property Management, and consultants, and our talented Project Manager to carry out our real estate agenda.
Our ideal candidate will have experience in and a strong working knowledge of the State’s QAP, housing intermediary entities as well as 4% and 9% LIHTC programs. The candidate must be able to lead and independently manage major elements of our affordable and mixed-income, mixed use projects, from creating the pro formas, to financing applications, to applying sustainability standards, to locating investors/negotiating terms, organizing projects through Mass Docs construction closing, lease up and ultimately cost certification. The candidate will possess a minimum of four years of successful and relevant work experiences as well as demonstrated increased responsibilities in affordable real estate project management.
Duties and responsibilities will include working with the team to:
- Assist in seeking, researching, analyzing and determining project feasibility for potential acquisitions for development
- Manage pre-development and development phases of selected affordable and mixed-income projects to take projects through zoning and permitting with permitting counsel, including managing community relations
- Prepare and manage complex development proformas, sources and uses and funding applications (One Stop), as well as secure pre-development and development financing
- Manage closings, relationships with financial partners, and compliance with financing requirements
- Coordinate proposals and services for environmental, sustainability, architect, civil enginer, appraiser, market analyst, and others as needed
- Participate in the selection of the General Contractor according to criteria in QAP and management of GC/project budget during construction
- Track and prepare funding requisitions during construction
- Oversee and coordinate lease-up process and ultimately transition project to Asset/Property Management Team
- Assure projects meet Passive House or appropriate decarbonization/resiliency standards, and other duties as assigned.
Our ideal candidate will be a highly motivated, flexible, and team driven individual. They will appreciate the opportunities to work on a small, efficient team committed to helping one another succeed. They will have many of the following skills and experiences:
- Bachelor’s degree in a relevant field or the equivalent in training and experience
- Minimum of four years of relevant work experience in real estate project management
- Ability to adhere to sound, not-for-profit real estate development principles
- Strong project management skills, with proven ability to manage multiple priorities and deadlines with attention to detail
- Ability to read and prepare complex documents/contracts and budgets
- Experience with EOHLC’s One Stop application and with various affordable housing funding programs, such as the Low-Income Housing Tax Credit (LIHTC), HOME/CDBG, CPA as well as other Boston/Gateway City/State agencies and funding sources
- Demonstrated facility with creating and managing successful development proformas for a LIHTC-funded affordable housing project
- Knowledge of GHG, net zero and decarbonization funding and resiliency strategies Exceptional interpersonal, written, verbal and conflict resolution communication skills
- Experience designing and facilitating meetings and managing working groups, including the general public, and
- Ability to lead, negotiate, resolve project conflicts, initiate professional studies, and manage day to day project budgets, activities, and
- Motivation to growth and flourish in a mission driven, regional community development organization, and
- Supervisory skills a plus.
Please submit a cover letter detailing your qualifications and interest in this position, along with a resume to: Phil Giffee, Executive Director, firstname.lastname@example.org. Additional information can be found at www.noahcdc.org.
Applications will be reviewed and acknowledged as they are received. NOAH seeks to fill this position this winter or by early Spring of 2024.
NOAH offers a competitive salary and benefits package. The current salary range for this position, depending on experience and qualifications is $90,000-130,000.
NOAH operates on a hybrid work model. The Senior Project Manager would be expected to be in the office or at project sites an average of at least three days a week.
NOAH is an Equal Opportunity and Affirmative Action Employer. We encourage applications from skilled candidates from diverse backgrounds and cultures.