closed as of 2/28/18

Housing Development & Asset Management Coordinator | Farmworker Housing Development Corporation (FHDC)

Farmworker Housing Development Corporation (FHDC) is a thriving nonprofit organization which works to develop farmworker leadership to build stronger and more secure families and communities through affordable housing, social services, education, and economic development. FHDC has a high quality, well performing portfolio of affordable housing and small commercial properties, including nine properties with 296 units. FHDC is committed to advancing equity through all aspects of its work.leadership and civic engagement, resident retention, workforce development and arts and cultural programming.

Title: Housing Development & Asset Project ManagerLocation: Woodburn, OR

BRIEF DISCRIPTION:

The Housing Development & Asset Project Management Coordinator is a newly created position that will play a key role in the organization. The Housing Coordinator is responsible for overseeing FHDC’s existing affordable housing properties and serves as a primary point-of-contact with development teams for FHDC’s new development projects. This individual assists the Executive Director and Board Housing Committee with planning, implementing, and participating in operation and development of FHDC’s real estate assets with a goal of furthering the organization’s mission in affordable housing. The position requires the ability to set priorities and complete projects with quick turnaround times and with minimal supervision. This position is an excellent opportunity to advance affordable housing knowledge and skills.

This individual will report directly to the Executive Director and will assist the Executive Director with a variety of responsibilities, including fostering a positive relationship with FHDC’s community, property manager and funding partners.

Essential Duties and Responsibilities

60% Development

  • Serve as point-of-contact on FHDC’s affordable housing development projects with FHDC’s outside consultants, development team and funding partners
  • Identify, evaluate, and recommend potential sites and project concepts and lead negotiations for property acquisition and land use approvals.
  • Secure consultants to complete all aspects of project financing, including development of financial pro-formas, preparing funding applications, and negotiating and closing project financing from a variety of public and private sources.
  • Serve as the lead project manager and owners representative during all phases of construction, including, where appropriate, selecting professions including construction owner’s representation
    services, design, site evaluation, general contracting and other construction related services.
  • Manage development budgets ensuring that project expenditures meet all grantor, lender, and investor requirements.
  • Coordinate outreach to impacted neighborhoods, obtaining community support, and maintaining positive neighbor relations during all phases of the development process.
  • Maintain project records and prepare and submit a variety of funder required reports.

35% Asset Management

  • Oversee performance of third party property manager to ensure that occupancy, financial performance, compliance, and property condition are exceptional, including approving annual operating budgets, preventive maintenance plans and annual planned capital improvements.
  • Maintain and as needed, update systems to oversee and report on short and long-term needs of FHDC’s real estate portfolio, including preparing financial projections, securing and reviewing capital needs, analyzing cash reserves, and planning for compliance milestone events of the properties. This may include development of scope of work, consultant selection, budget and timeline.
  • Provide monthly property analysis and reports to leadership, lenders and investors regarding key indicators such as debt service coverage ratio, partnership capital account calculations, reserve funding uses and long-term trends, operating cash flows and budget vs. actual performance (particularly for “watch-list” buildings), compliance reporting and regulatory compliance.
  • Recommend and negotiate financial restructuring as appropriate, including new or re-syndication opportunities, re-financing of debt, rent increases, and/or amendments to regulatory agreements.
  • Plan and provide oversight for major repair and capital improvements to existing buildings. Lead, or secure development consultant services, to develop and complete scope of work and secure financing for major renovations.
  • Oversee commercial properties including development of market studies and establishment of initial lease-up or renewal rent rates, and coordinate commercial lease preparation.
  • Track and coordinate or approve payment for any annual property taxes payable.

5% FHDC/admin support

Full Job Description