Project Development Manager Jobs in Raleigh, NC

Real Estate Development Project Manager

Raleigh, NC

Department: Real Estate Development Reports To: SVP of Real Estate Development

Employment Type: Full-Time FLSA Status: Exempt Effective Date: October 20, 2026

Our Vision & Mission

Our Vision

We envision a housing ecosystem that provides and promotes equity, generational wealth, health and wellness for the communities in which we work.

Our Mission

DHIC supports individuals, families, and seniors by providing homes and opportunities that promote the financial, physical, and mental well-being of people and communities.

About DHIC

Established in 1974, DHIC, Inc. is the Research Triangle area’s leader in affordable housing development, maintaining an emphasis on innovation, quality, attractive design, and green features at our properties. DHIC has constructed, acquired and/or rehabilitated over 3,700 affordable rental units in 49 unique housing communities in nine counties in North Carolina, and has built more than 350 new homes for first-time homebuyers in Wake County. Together, these projects leveraged $600 million in direct investment from both the private and public sectors.

In addition to numerous design and community service recognitions, DHIC is consistently rated as an “Exemplary” member of the NeighborWorks® America national network of nonprofit community developers. DHIC is also a member of the Housing Partnership Network.

Learn more about DHIC at www.dhic.org

Nature of Work

The Project Manager is responsible for directing affordable housing developments from initial concept stage through project feasibility, design development, financing, construction, and occupancy. This position undertakes a key function within the Real Estate Development Department and contributes directly to DHIC’s mission of producing and preserving affordable rental housing in the communities it serves. In addition to the Real Estate Development Department, the Project Manager collaborates with Finance, Asset Management and Resident Services and reports to the Senior Vice President of Real Estate Development.

This work involves analysis, negotiation, management, and partnership-building skills. Work will generally be performed independently within the overall constraints of the project budget, timetable and initial project concept. Most housing development work will involve building new apartments financed with equity generated through the sale of low-income housing tax credits (LIHTC). Work may also include the refinance and rehabilitation of properties in DHIC’s existing portfolio and/or the acquisition and repositioning of other rental properties.

Essential Functions

The following are the essential functions of this position. Reasonable accommodation may be made to enable qualified individuals with disabilities to perform these functions.

Development Responsibilities

• Identify potential sites for development and conduct preliminary analyses of site suitability for proposed development.
• Along with departmental colleagues, prepare initial development program for new construction and/or rehabilitation projects, including general project concept, design, income targeting and financing.
• Build financial model for projects including projected development costs, operating costs, and debt service and equity requirements.
• Organize procurement of and work with professional design team members.
• Coordinate and review documents prepared by third party professionals relating to soil tests, environmental conditions, appraisals, market studies, special construction issues and other material related to developments.
• Oversee local government development review and approval processes, which may include attending public meetings and meetings with local community members and neighbors.
• Prepare applications for construction and permanent financing from public and private sources including LIHTC and tax-exempt bond applications for potential projects.
• Negotiate directly with public and private sources for construction and permanent financing.
• Shepherd developments through the interim and permanent closing processes on all financing components in a timely manner.
• Prepare detailed cash flow projections of projects under development and coordinate construction inspections and progress payments in collaboration with the Finance Department during construction.
• Manage both the design and construction team to ensure a high-quality product is finished on-time and meets all the requirements of both public and private funding sources.
• Collaborate with and oversee the property management team during lease-up and transition of project oversight to Asset Management Department.
• Cultivate and/or improve development partnerships and contracts with other non-profits, human service agencies, local governments and others as a revenue diversification strategy.

Reporting & Compliance

• Provide written and oral reports to departmental colleagues, management and the DHIC board of directors as needed.
• Assist with project reporting to funders and investors, including NeighborWorks® America.
• Take part in budget preparation and tracking for real estate development programs in partnership with other DHIC staff.
• Participate in annual business planning and three-year strategic planning processes.
• Engage in training and other professional development opportunities.

Collaboration & Cross-Functional

• Work with other DHIC departments to further the mission of DHIC, while reducing redundancies and streamlining workflows.
• Represent DHIC in community meetings, industry-related organizations and settings.
• Nurture relationships with existing and new real estate development-related contractors and professional services providers.

Additional Responsibilities

The following responsibilities are important to the role but are not considered essential functions for purposes of ADA accommodation analysis:

Support DHIC organizational goals and mission.

• Participate in staff meetings, committees, or organizational events as requested.
• Assist with related duties or projects as needed.
• Ad-hoc projects, as necessary.

Qualifications

Required

• Bachelor’s degree is required along with a minimum of three years of progressively responsible experience in affordable housing and/or real estate development.
• Proficiency in Microsoft Office Suite and real estate pro forma modeling.
• Excellent verbal and written communication skills.
• Prior experience in managing projects involving public sector partners.
• Prior experience with analysis and interpretation of complex contracts and construction documents and the ability to exchange accurate information about various aspects of real estate development and/or construction.
• Strong presentation skills to both large and small audiences.
• Experience and facility with financial feasibility analysis for real estate developments.
• Demonstrated ability to anticipate, identify, and assess problems and opportunities, set priorities, and allocate resources efficiently.
• Ability to multi-task in a fast-paced office environment and work against deadlines when required.
• Demonstrated ability to work independently as well as collaborate with departmental colleagues and other lines of business.
• A firm belief in the organization’s mission and values and a commitment to serving low- and moderate-income people.

Preferred

The following are valued but not required. Candidates who do not meet every preferred qualification are still encouraged to apply.

• Master’s degree in planning, real estate, business or related field.
• Experience with projects utilizing LIHTC.
• Construction management experience.

Work Environment

This position follows a hybrid work schedule, with work performed both remotely and from DHIC’s administrative office in downtown Raleigh. Regular business hours are expected. Occasional local travel is required for property site visits, meetings, and other business-related activities.

Physical Requirements

This position requires the ability to perform routine office tasks, including working at a computer for extended periods and communicating with others in person, by phone, and electronically. Occasional walking and property site visits are required. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions of the position.

DHIC is committed to fostering a diverse, equitable, and inclusive workplace. We are proud to be an equal opportunity employer and encourage applications from individuals of all backgrounds, experiences, and perspectives.

Job Type: Full-time

Pay: $95,000.00 - $110,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Employee assistance program
• Flexible spending account
• Health insurance
• Health savings account
• Life insurance
• Paid time off
• Parental leave
• Professional development assistance
• Retirement plan
• Vision insurance

Education:

• Bachelor's (Required)

Experience:

• managing projects that involve public sector partners: 1 year (Required)
• evaluating financial feasibility of RE development projects: 1 year (Required)
• affordable housing and/or real estate development: 3 years (Required)

Ability to Commute:

• Raleigh, NC 27601 (Required)

Work Location: Hybrid remote in Raleigh, NC 27601