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Salary range: $77,500.00 – $77,500.00

About the Agency:
The New York City Department of Housing Preservation Development (HPD) promotes quality and affordability in the city's housing, and diversity and strength in the city’s neighborhoods because every New Yorker deserves a safe, affordable place to live in a neighborhood they love.

• We maintain building and resident safety and health
• We create opportunities for New Yorkers through housing affordability
• We engage New Yorkers to build and sustain neighborhood strength and diversity.

HPD is entrusted with fulfilling these objectives through the goals and strategies of “Housing Our Neighbors: A Blueprint for Housing and Homelessness,” Mayor Adams’ comprehensive housing framework. To support this important work, the administration has committed $5 billion in new capital funding, bringing the 10-year planned investment in housing to $22 billion the largest in the city’s history. This investment, coupled with a commitment to reduce administrative and regulatory barriers, is a multi-pronged strategy to tackle New York City’s complex housing crisis, by addressing homelessness and housing instability, promoting economic stability and mobility, increasing homeownership opportunities, improving health and safety, and increasing opportunities for equitable growth.
Your Team:
The Division of Special Needs Housing (DSNH), within the Office of Development, administers three loan programs/initiatives: the Supportive Housing Loan Program (SHLP), the Senior Affordable Rental Apartments (SARA) program, and Homeless Housing Strategic Initiatives (HHSI).
Your Impact:
HPD’s Supportive Housing Loan Program (SHLP) makes loans to non-profit and for-profit developers of permanent supportive housing with on-site social services. Projects developed with SHLP funding must provide 60% of units for homeless, disabled individuals or homeless families with a disabled head-of-household. The remaining 40% can be rented to households from the community earning up to 60% of the Area Median Income.
The Senior Affordable Rental Apartments (SARA) Program provides gap financing in the form of low interest loans to support the construction and renovation of affordable housing for seniors, 62 years in age, with low incomes.
Homeless Housing Strategic Initiatives partners with DHS and other City Agencies on various homeless housing development initiatives including clusters conversion initiative, development of co-located permanent affordable housing with DHS shelters, and other develop opportunities.
Your Role:
In your role as Project Manager, you will oversee housing and housing with shelter development activities from the earliest stages of predevelopment through construction completion and rent-up, and will work closely with the Director of Development, program Deputy Directors, other project managers and HPD staff. Development activities on projects that include a shelter element will also include permanent housing within the project scope.
Your Responsibilities:
Your duties will involve managing development project activities for multiple supportive housing, senior housing, and shelter projects, including:

• Serving as the primary point of contact for project sponsors, consultants, government agencies and other departments internal to HPD;
• Negotiating deal structure, funding commitments and other project requirements on behalf of HPD;
• Reviewing project proformas and performing other loan underwriting activities as needed;
• Assisting sponsors in preparing applications for additional capital and operating funds including tax credits, rental assistance and service funding;
• Working with architects, sponsors and HPD design review staff to ensure high-quality, sustainable cost-efficient design;
• Reviewing and coordinating submissions of required CEQR, NEPA and other environmental review reports;
• Coordinating submissions of ULURP applications for UDAAP and disposition of City-owned property;
• Working with HPD’s legal department to collect and prepare loan closing documentation;
• Coordinating construction loan and syndication closings;
• Tracking construction status of projects post-closing and assisting in resolution of construction disputes;
• Coordinating processing of construction requisitions and change orders;
• Reporting on status of projects in predevelopment, construction and operation.

In addition to the tasks described above, the individual hired will be expected to take on additional tasks as time allows which may include tracking workflow across the Division, participating in the development of RFPs, assisting the team directors and others with time-sensitive research and report production and additional administrative activities as required.
Preferred skills:

• Excellent verbal and written communication and strong interpersonal skills, strong analytical, organizational, and quantitative skills.
• Advanced experience utilizing and developing complex Excel spreadsheets and presentation software is strongly preferred.
• Demonstrated ability to meet deadlines and manage multiple projects in a timely manner and to be a team player.
• Background in or knowledge of real estate finance and/or program implementation experience, preferred.
• Preference will be given to candidates with experience working for or with government agencies and government programs related to affordable housing development.

Minimum Qualifications

Public Service Loan Forgiveness

Residency Requirement

Additional Information