As a core member of a small and effective team, The Kelsey’s future Development Manager, will be focused on accelerating our mixed ability, mixed income multifamily communities in the Bay Area and beyond. They will lead day-to-day project management of our housing projects, support ad hoc organizational needs, and grow professionally as The Kelsey grows. The candidate should be very familiar with the affordable housing industry having previously worked in real estate development, city or regional government, and/or housing finance.
ABOUT THE KELSEY
The Kelsey reimagines housing for people with disabilities by creating thriving, inclusive, communities where individuals of all incomes and backgrounds live, play, and serve their communities together. Our mission is to accelerate and advocate for mixed-income affordable housing for people with and without disabilities.
We are award winning entrepreneurs with a proven track record of securing private and public funding for our projects. We received seed funding from Chan Zuckerberg Initiative and Harvard. We acquired our first site and secured $11M in funding from the City of San Jose within the first 12 months of operations. We were the first direct investment from Google’s affordable housing fund.
The Kelsey is unique in our approach to inclusion and our up-front strategy to engage diverse cross-sector partners. We accelerate housing though unlocking land value, leveraging philanthropic gap financing, designing for scale, and amenitizing diversity. We are also genuine in our approach to share what makes us innovative with other organizations.
The Kelsey’s Values
Collaborative – We believe that together we can do more. There are no competitors in the
world of inclusive housing, only other players that can make what we are building even
Sustainably Relentless – We pursue our mission with never-ending drive, because we are in
this for the long haul
Inclusive – Because everyone has something to give
ABOUT THE ROLE
The Manager will support the COO, CEO and our real estate development partners to oversee our two developments in the pipeline, The Kelsey Ayer Station (San Jose) and The Kelsey Civic Center (San Francisco), and build the fundamentals for future developments and organizational growth.
Time will be roughly divided across these three mission-critical areas:
Project Manager (40%) - Our mission of accelerating mixed income, mixed ability housing starts here
Working closely with our development partners, keep moving forward all activities related to our housing development projects; the goal here is to ensure our projects are aligned with our organization mission and we continue to meet (and exceed) milestone deadlines
Be proactive in identifying obstacles in the way, especially in respect to funding source requirements, and communicating these to our development partners early and often
Support problem solving across all areas of the development process: land acquisition, entitlements, financing, construction, lease-up, and property management
Due Diligence First Responder (30%) - As a growing organization receiving funding from many different entities, lots of different groups ask us for information; this role will be the keeper and organizer of that information
Own, organize, and keep up-to-date financial and legal documents pertaining to our projects, organization and related entities
Develop regular reporting to our funders including developing and tracking impact metrics
Manage and orchestrate application process for public and private funding sources for our
Track the costs of different development inputs related to our mission to help drive forward
thought leadership in inclusive, mixed income housing
Ad Hoc Strategic Support (30%) - We have been fortunate to take full advantage of opportunities that arise without much warning; this time is reserved so we can continue to respond to strategic opportunities
Learn something new
Solve a problem
Document your experience solving the problem for other organizations that might face this
problem in the future
We would love to see your application if you:
Have affordable housing industry experience from working in real estate development, city or regional government, and/or housing finance
Have run a proforma for a LIHTC housing development and understand the inputs and assumption that drive that proforma and a project’s financial feasibility
Understand multifamily capital sources (including local, state, and federal public programs) and, ideally, are comfortable with the loan closing process
Love spreadsheets and/or have a deep appreciation for their role in keeping the world organized
Are comfortable with tight deadlines
Are eager to apply your skills to a fast moving organization addressing a critical housing
crisis with an innovative new approach utilizing public-private partnerships
Have lived experience in affordable housing, have a disability, or represent an otherwise non-represented group within the real estate industry (women, people of color, LGBTQ
We recognize that each individual can bring a unique set of skills to The Kelsey. Even if you don’t meet these requirements 100%, send us your resume at firstname.lastname@example.org and let us know why you care about what we’re doing and how you think you could fit in.