Development Project Assistant

The Community Builders Inc
Washington, DC
Nov 19, 2020
Nov 24, 2020
Full Time
Job Description O verview: The Community Builders, Inc. (TCB) is a nationally recognized nonprofit developer, owner and manager of affordable and mixed-income residential and commercial properties. Founded in 1964, TCB has developed over 30,000 residential units as well as over 500,000 sf of commercial/retail/community space and owns or manages over 11,000 rental units nationally. TCB's strategic plan calls for continued growth in existing 15-state footprint--including Mid-Atlantic markets in Pennsylvania, Maryland, Virginia, North Carolina, and the District of Columbia--and expansion of our real estate development capacity, community life engagement and resident resource building, financial strength, and property management, all guided by our mission to build and sustain strong communities where people of all incomes can fulfill their full potential. Position Description: The Project Assistant supports development project management with the day-to-day progression of established real estate projects, particularly due diligence, entitlements, regulatory approvals, securing financing commitments, closing on financing and acquisitions, managing invoicing and requisitions, construction draws, ensuring compliance reporting, and helping to manage capital contribution requests and project close-out. Under the supervision of the Vice President of Real Estate Development and Project Managers, the Project Assistant's work helps ensure timely, efficient, and successful procurement, progression and completion of Maryland and DC development projects. The position also entails modest office administrative, including managing supplies, relationships with vendors, and internal systems associated with day-to-day operations. Essential Functions: * Performs central components of finance closings, construction draws and capital contribution requests * Works with TCB's Development Operations, Finance and Legal and Accounting staff, as needed * Works with local, state and federal government agencies and representatives, as needed * Works with third parties, including general contractors, architects, and consultants, as needed * Manages requests for insurance, title searches, appraisals, surveys, capital needs assessments and other items to support development projects * Assists in obtaining a variety of permits, approvals and funding, as needed * Completes and/or ensures completion of necessary compliance reporting * Assists in the production of a variety of proposals, applications, reports and other documents * Supports market and demographic research, as needed * Prepares materials for meetings, presentations and applications, as needed * Helps to coordinate due diligence checklists from lender, investor and/or agency * Manages scheduling of meetings for team as requested Knowledge, Skills and Abilities: * Working knowledge of loan administration, construction management, and real estate financing processes associated with mixed-income housing development is preferred * Well-versed in the use of spreadsheets and other basic Microsoft Office applications * Strong communication skills, both written and oral * Well organized with attention to detail * Capable of working both independently and as part of a team * Performs effectively under tight deadlines * Strong interest in affordable housing and mixed-income community revitalization * Positive outlook and make it happen type approach. Education & Experience: * 2- 4 years minimum relevant experience * Direct experience in Real Estate Development or related field is desired * Understanding of affordable housing industry is desired * Experience with managing due diligence process for closing on real estate finance and acquisitions, particularly with investors and lenders in a LIHTC transaction environment is desired The Community Builders, Inc., is committed to ensuring diversity in its workplace, and applicants from diverse backgrounds are strongly encouraged to apply. PM19 PI126281296