Development Manager - Austin, Multifamily

Development Manager responsibilities:

• Assist in locating and evaluating properties for acquisition, rehabilitation, or development.
• Assist in the negotiation of land purchases including drafting Letters of Intent and Earnest Money Contracts.
• Assist with the development of budgets and timelines for the various stages of acquisition and development.
• Coordinate with project consultants during the due diligence process including architects, engineers, appraisers, market analysts, surveyors, title companies, etc. as necessary.
• Review of due diligence materials related to each project being developed.
• Provide administrative support related to the preparation of housing tax credit applications, become familiar with the state's Qualified Allocation Plan and the corresponding timelines and deadlines associated with the tax credit application process.
• Assist in the oversight of the construction process to assure that timelines are being followed; plans and specifications are being adhered to and assist with the preparation of monthly draw expenditure requests. Assist with the coordination between the contractor and the management company to ensure the orderly and efficient transfer of buildings from construction to resident status.
• Assist in working with all necessary public officials and neighborhood groups in markets being considered for development. Assist with public presentations and prepare corresponding marketing materials.
• Assist in responding to lenders and syndicators on project related due diligence requirements throughout the development process.
• Assist in the preparation of development reports to provide the status of current projects to senior leadership
• Assist in financial underwriting for potential transactions. Perform market analysis for potential transactions.
• Assist in ensuring that all state required reporting deadlines are met.
• Review property management reports to ensure that assets are being run efficiently within budget and occupancy level goals.
• Visit properties within the current portfolio to monitor physical conditions and resident satisfaction.
• Assist in the asset management of the portfolio.

MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.