D&A’s projects seek the full array of financing tools available to support the development of affordable housing, including but not limited to 9% and 4% Low Income Tax Credits, Historic Tax Credits, New Markets Tax Credits, Taxable and Tax-Exempt debt, soft debt such as HOME, CDBG and National Housing Trust Funds, and the Affordable Housing Program of the Federal Home Loan Bank. In order to obtain this financing, D&A staff work with various Housing Finance Agencies, local agencies, housing authorities, and various departments and offices of HUD.
Currently, D&A is comprised of 7 full-time people, including a CFO/Controller, and six (6) affordable multifamily housing professionals. Each of us carry a full array of projects. We typically work in teams of two on each project, one lead and one in support.
D&A encourages staff to find a balance between work and life, even though on occasion, more than 40-hours a week may be required to support a project’s success. Note that since mid-March 2020, we have been working remotely.
We are passionate about our work and the opportunity to have a role in creating affordable housing opportunities for low income and disabled people. We are supportive of each other and have fun in the course of this challenging work.
At D&A, an Assistant Project Manager assists a Project Manager in performing affordable housing development advisory work in support of projects undertaken by our clients. The scope of work typically performed by an Assistant Project Manager includes
• Participation in all project development team meetings, drafting minutes and To Do Lists based upon those meetings, circulating them to each team member, managing team member distribution lists
• Drafting narrative sections of Low Income Housing Tax Credit, and other financing applications for review by a Project Manager.
• Performing research regarding land use and other local approvals, financing source guidelines, the demographic and other data context for each project, when that information is needed to make project decisions and craft project applications
• Assembling project financing applications and responses to questions • Any additional work assigned by a Project Manager
D&A senior staff encourage Assistant Project Managers to take on more responsibilities as their knowledge and skills grow. For example, Assistant Project Managers at D&A are
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currently managing the flow of funds among lenders and investors during the construction of projects and drafting and managing complex project pro forma.
Project Managers function as mentors to Assistant Project Managers in helping them with their professional growth both technically and as managers of diverse project teams.
D&A is seeking a bright, motivated Assistant Project Manager who can work on multiple projects simultaneously. An eligible applicant should have at least 1 to 3 years’ work experience in affordable housing project development, excellent Microsoft Office skills, and excellent overall communication skills. The candidate should be technically strong, but also enjoy managing a wide range of skills and personalities required to accomplish a project. Applicants with a Masters in Urban Planning, an MBA, or other relevant graduate degree are preferred.
D&A reserves the right to revise or change job duties and responsibilities as needed. This job description is not meant to be an all-inclusive statement of the duties and responsibilities of the job nor does it constitute a written or implied contract.
Salary is negotiable, and a function of experience and skills. A full array of health, 401K, disability, and other benefits is available.
Thank you for your interest in Diamond & Associates. We look forward to hearing from you.
If interested in applying, please send your resume, a cover letter and a writing sample to email@example.com.