Assistant Project Manager

Location

Los Angeles, CA | United States

Job description

April Housing is a leading owner and operator of high-quality affordable housing throughout the United States. Founded in 2022 and headquartered in Los Angeles, April Housing is the asset management business that oversees Blackstone's affordable housing and LIHTC portfolio. April oversees a portfolio of over 85,000 affordable housing units in approximately 650 communities. April Housing seeks to preserve critical affordable housing stock while providing best in class management and high-quality housing. April is committed to being a fair, transparent, and responsible owner.

April Housing’s long-term commitment to owning affordable housing is supported by Blackstone Funds, predominantly BREIT, a non-listed REIT. This perpetual capital vehicle provides April with a patient and flexible source of capital and plays a critical role in enabling the creation and preservation of more affordable housing. In addition to managing a growing portfolio, April Housing will ensure assets in the existing portfolio remain affordable and in compliance with all rent regulations while making significant improvements and aligning the operations with April Housing's Standards of Excellence in Residential Operations.

In its pursuit of excellence, April Housing is looking for individuals who share in its mission to provide high-quality housing to affordable residents.

As of the date on which this job advertisement is posted, the Company anticipates that the base salary range for this role is $85,000- $105,000 (this represents the presently-anticipated low and high end of the Company’s base salary range for this position). This position is also eligible for discretionary bonus on an annual basis. Actual base salary range may vary based on various factors, including but not limited to location and experience.

The Assistant Project Manager’s primary responsibility is to support the Preservation and Investment departments (under direction of Resyndication Project Managers and Head of Preservation) to complete Year 15 resyndications/ acquisition and rehabilitation transactions.

• Provides support to several Project Managers as needed in connection with acquisition/rehabilitation transactions, including processing, tracking and following up on documents and letters; coordination with internal staff; management of relevant consultants; management of construction and permanent loan closing due diligence; internal document review.
• Assembles tax credit and tax-exempt bond applications and bond inducement packages.
• Assists with preparation and submitting funding draws to various financial institutions during the rehabilitation stage
• Assist with due diligence review including reviewing preliminary title reports, appraisals, market studies, Physical Needs Assessments, and relocation plans. Manages due diligence portion of closings.
• Assist with creating and analyzing preliminary financial projections for potential transactions; updates projections as needed.
• Assists with the preparation of construction bidding and contract materials.
• Analyzes funding competition and scoring of competitive applicants in connection with various sources.
• Assist with coordination of tenant relocation (in collaboration with asset management, property management, and relocation consultants).
• Assist with providing input, analysis, and recommendations for development team member selection, including contractors and construction managers.
• Assist with preparation of construction bidding and contract materials.

• Qualified candidates must have a Bachelor’s degree and some related work or field work experience in matters related to affordable housing development such as residential architecture, finance, planning, construction, etc.
• Exposure to private and public debt financing
• At least one successful LIHTC financial construction closing a plus

EEO Statement

The Company is an equal opportunity employer. In accordance with applicable law, we prohibit discrimination against any applicant, employee, or other covered person based on any legally recognized basis, including, but not limited to: veteran status, uniformed servicemember status, race, color, caste, immigration status, religion, religious creed (including religious dress and grooming practices), sex, gender, gender expression, gender identity, marital status, sexual orientation, pregnancy (including childbirth, lactation or related medical conditions), age, national origin or ancestry, citizenship, physical or mental disability, genetic information (including testing and characteristics), protected leave status, domestic violence victim status, or any other consideration protected by federal, state or local law. We are committed to providing reasonable accommodations, if you need an accommodation to complete the application process, please email [email protected].

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Job tags

Salary