Senior Project Manager - Affordable Housing Development

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AI Summary

Lead day-to-day execution of multifamily new construction and rehabilitation projects, with a focus on LIHTC and public agency coordination. Manage multiple complex projects simultaneously. Analyze feasibility, conduct site evaluations, and prepare financial models.

Key Highlights
Lead project execution
Manage multiple projects
Analyze feasibility
Key Responsibilities
Conduct site evaluations, due diligence, zoning/entitlement research, and financial analysis
Prepare preliminary development budgets, operating pro formas, and sources and uses schedules
Evaluate acquisition opportunities and lead underwriting for multifamily rehab deals
Coordinate environmental, physical needs assessments, and third-party reports
Prepare and submit 4% LIHTC applications, bond applications, and other funding requests
Work closely with state HFAs, lenders, bond issuers, equity investors, and public partners
Support debt/equity negotiations, term sheets, and closing documentation
Ensure compliance with LIHTC, HUD, and other funding requirements
Manage design teams, general contractors, engineers, and consultants
Oversee budgets, schedules, construction draws, change orders, and progress reporting
Coordinate relocation plans and resident communications, when applicable
Ensure projects stay on time, on budget, and aligned with organizational goals
Technical Skills Required
Excel-based financial modeling LIHTC Tax-exempt bonds Pro forma modeling
Benefits & Perks
15 vacation days
12 sick days
12 paid holidays
Paid personal day
Medical, dental and vision insurance
Health savings account
Flexible spending account
Dependent care flexible spending account
Retirement
Savings plan/401(k) match
Group life insurance
Short- and long-term disability
Parental leave
Sabbatical leave
Professional development
Nice to Have
Experience working with public agencies, housing authorities, or mission-driven developers
Familiarity with HUD programs (HOME, CDBG, RAD, PBV/PBRA)
Experience with Oklahoma Housing Finance Agency (OHFA) processes
Knowledge of relocation requirements (URA) for occupied rehab

Job Description


ORGANIZATIONAL OVERVIEW

CommonGround Housing Partners (CGHP) is a nonprofit real estate development corporation created to expand high‑quality, affordable housing in the Tulsa region. With initial support from the Anne and Henry Zarrow Foundation and partnership with the Housing Partnership Network (HPN), CGHP aims to strengthen neighborhood stability, preserve existing affordable housing, and deliver development that is community‑informed, equitable, and financially sustainable. CGHP is building its inaugural development pipeline and organizational infrastructure during a time of significant need and opportunity for affordable housing in Tulsa.


MAJOR DUTIES & RESPONSIBILITIES

Position Summary

The Sr Project Manager leads day‑to‑day execution of multifamily new construction, acquisition and rehabilitation projects, with a strong emphasis on the 4% and 9% LIHTC program, bond-financed, and public agency coordination. This role manages projects from early feasibility through closing, construction, lease‑up, and stabilized operations.

The ideal candidate is an experienced real estate development professional who thrives in a mission‑driven environment and can manage multiple complex projects simultaneously.


Project Development & Feasibility

  • Conduct site evaluations, due diligence, zoning/entitlement research, and financial analysis.
  • Prepare preliminary development budgets, operating pro formas, and sources and uses schedules.
  • Evaluate acquisition opportunities and lead underwriting for multifamily rehab deals.
  • Coordinate environmental, physical needs assessments, and third‑party reports.

Financing & LIHTC

  • Prepare and submit 4% LIHTC applications, bond applications, and other funding requests.
  • Work closely with state HFAs, lenders, bond issuers, equity investors, and public partners.
  • Support debt/equity negotiations, term sheets, and closing documentation.
  • Ensure compliance with LIHTC, HUD, and other funding requirements.

Project Management & Construction Oversight

  • Manage design teams, general contractors, engineers, and consultants.
  • Oversee budgets, schedules, construction draws, change orders, and progress reporting.
  • Coordinate relocation plans and resident communications, when applicable.
  • Ensure projects stay on time, on budget, and aligned with organizational goals.

Stakeholder & Government Coordination

  • Partner closely with the Tulsa Housing Authority when projects involve THA assets or Choice Neighborhoods sites.
  • Coordinate with city agencies, permitting departments, neighborhood stakeholders, and community partners.
  • Prepare presentations for boards, funders, and public meetings.

Internal & Administrative Duties

  • Maintain accurate project files and reporting systems.
  • Support organizational strategic planning for the development pipeline.
  • Prepare project updates for leadership, board members, and financing partners.

QUALIFICATIONS

  • 3–7+ years of experience in real estate development, affordable housing, LIHTC, or related fields.
  • Direct experience with multifamily new construction or rehab (including occupied rehab).
  • Strong understanding of 4% LIHTC, tax‑exempt bonds, layered financing, and pro forma modeling.
  • Demonstrated ability to manage consultants, architects, engineers, and contractors.
  • Strong analytical skills: proficiency with Excel‑based financial modeling.
  • Excellent project management, communication, and problem‑solving skills.

Preferred

  • Experience working with public agencies, housing authorities, or mission‑driven developers.
  • Familiarity with HUD programs (HOME, CDBG, RAD, PBV/PBRA,).
  • Experience with Oklahoma Housing Finance Agency (OHFA) processes.
  • Knowledge of relocation requirements (URA) for occupied rehab.
  • Bachelor’s or master’s degree in real estate, planning, architecture, finance, or related field.

LOCATION

Tulsa, OK.

This position is placed-based and will require residency in the Tulsa area.


COMPENSATION

Commensurate with education and experience with a bonus potential.

BENEFITS:

15 vacation days, 12 sick days, 12 paid holidays, paid personal day, medical, dental and vision insurance, health savings account, flexible spending account, dependent care flexible spending account, retirement, and savings plan/401(k) match, group life insurance, short- and long-term disability, parental leave, sabbatical leave, professional development and much more!


TO APPLY:

Please submit a resume and a thoughtful cover letter detailing your interest in this opportunity and your relevant skills and expertise here.


ABOUT THE COMMONGROUND HOUSING PARTNERS

CommonGround Housing Partners (CGHP) is a newly established nonprofit real estate development corporation. With initial funding support from the Anne and Henry Zarrow Foundation, its mission is creating safe, decent, and affordable housing that strengthens communities, promotes equity, and fosters long-term economic mobility for residents. CGHP seeks to provide community and economic development that serves all income levels through the acquisition, production and management of housing; expands economic and community development opportunities; enhances the communities in which it serves and does so from a position of financial stability.

ABOUT THE HOUSING PARTNERSHIP NETWORK

Housing Partnership Network (HPN) is an award-winning membership network of over 100 of the nation’s leading affordable housing and community development nonprofits. Through practitioner-driven peer exchange, policy and innovation, the Housing Partnership Network’s mission is to leverage the individual strengths and mobilize the collective power of our member organizations to bring innovative solutions to America’s affordable housing and community development sectors. HPN worked with the Tulsa Community in launching CommonGround Housing Partners, an independent nonprofit housing organization.


Learn more at www.housingpartnership.net.


OUR COMMITMENT TO EQUAL OPPORTUNITY

HPN is committed to creating a diverse and equitable environment and is proud to be an equal opportunity employer. HPN recruits, employs, trains, compensates, and promotes regardless of race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, veteran status and other protected status.


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