Organization Summary: During the summer of 1978, the nation had given up on its cities and its old neighborhoods. Buildings were abandoned and fires were rampant. As a group of tenants and community leaders began to meet about the future of the Fordham Bedford community, its future looked very bleak. But they wanted to offer hope to their neighbors and help residents take control of the community’s destiny.
In 1980, a group of Northwest Bronx community members created a new organization that would fight to save their homes. These efforts eventually launched Fordham Bedford Housing Corporation (FBHC), a nonprofit organization. In the early days, volunteers managed several buildings and addressed emergency situations, with enlisted support of tenants.
FBHC was one of many community-led efforts that pioneered bringing government and private investment into formerly neglected housing in the Bronx. Using these early investments, and the momentum from its successes, the company took on more buildings. It first gained expertise in management, then in renovating occupied apartments, and later it began building new apartment buildings in the neighborhood.
Today, FBHC owns 112 buildings, encompassing 3,284 units, and 3 playgrounds in the Northwest Bronx. FBHC manages 85 of the buildings it owns, with 2,558 units, and provides third-party property management for 23 buildings with 1,214 units. Two other management companies oversee the operations of 27 other properties. Additionally, FBHC advises and serves on the Board of Directors of two other properties and holds approximately thirty-three commercial leases for various community facilities including daycare facilities, art studios, and private commercial businesses.
FBHC has a robust pipeline of new projects comprising of seven buildings with 189 units under renovation and three buildings with fire damaged apartments that are under repair. Earlier stage projects include three buildings with 172 units in the acquisition stage. Additionally, FBHC is in the early stages of development on several other projects and is always looking for new local opportunities for acquisition and development.
For more information, please visit: fordham-bedford.org
Job Summary: This is an intermediate position that will work with internal and external stakeholders to manage affordable housing projects from various stages of development through completion.
Reports to: Director of Housing Development
Supervisory Responsibilities: May supervise Interns and Fellows as needed
Duties/Responsibilities:
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Work with the Director of Housing Development to develop a financing structure
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Prepare and analyze development budgets which include LIHTC, City / State financing programs and/or private sources
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Prepare funding applications that implement proposed financing structures
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Coordinate acquisition and construction loan closings
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Monitor construction of projects to ensure project remains on schedule and on-budget
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Oversee on-time closeout of projects and permanent conversion
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Collaborate with property management and leasing department staff on the temporary relocation of residents in rehabilitation projects
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Monitor a list of the major items covered by guarantees or warranties along with the respective time period for Property Management
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Collaborate with the Finance Department and Property Management Department to ensure that they are aware of required monthly payments to reserve and operating funds as well as loan payments post closing
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Work with the Finance Department to close bank accounts and prepare for final advances at conversion.
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Ensure that electronic and paper files are well-organized and up to date
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Provide requested information to the parties responsible for the rent up of projects as appropriate
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Support the development team in grant writing and reporting
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Other tasks as appropriate
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