Affordable Housing Project Manager

• Join a fast-growing affordable housing developer with a strong pipeline
• Exposure to real estate development, investment, and asset management
  
  

About Our Client

Our client is a leading real estate developer based in New York City, recognized for delivering high‑quality affordable, supportive, and mixed‑income housing that strengthens communities through a people‑first, design‑driven approach. Since 2016, the organization has rapidly expanded its impact, developing and preserving more than 12,000 residential units-a scale that reflects both its credibility and long‑term commitment to community development.With a vertically integrated structure that includes in‑house development, construction, investment management, and property management teams, the client offers employees the rare opportunity to work across the full project lifecycle and see their efforts materialize into meaningful, lasting housing. Their culture values creativity, innovation, and responsible decision‑making, and they collaborate with both public and private partners to deliver housing that meets the evolving needs of New York's diverse neighborhoods.This is an ideal environment for candidates who want to grow quickly, take ownership of impactful projects, and contribute to work that directly benefits communities across the NYC metro area.

Job Description

Development & Pre-development

• Conduct feasibility analyses, zoning reviews, and due‑diligence activities
• Onboard and manage design consultants (architects, engineers, expediters, environmental, sustainability, elevator, etc.)
• Support and oversee design processes from schematic design through construction documents, incorporating value‑engineering strategies
• Coordinate required approvals with city and state agencies (e.g., HPD, HDC, HFA, DOB)
• Maintain comprehensive project schedules and risk assessments
• Prepare financing applications
• Assist in preparing investment memorandums outlining project risks
  
  

Financing & Closings

• Prepare and manage financing applications and serve as the primary contact with relevant agencies
• Update development budgets and sources & uses throughout underwriting
• Review lender, investor, and agency due‑diligence materials; negotiate term sheets and loan documents with legal counsel and senior staff
• Coordinate construction and permanent loan closings
• Monitor construction progress, change orders, budgets, and schedules
• Lead bank requisition processes and invoice tracking
• Ensure compliance with regulatory requirements, MWBE goals, labor standards, and affordability covenants
  
  

Lease‑Up & Stabilization

• Coordinate with property management teams on marketing strategies and regulatory compliance
• Oversee cost certifications and tax‑credit investor compliance and conversion processes
• Manage TCO/CO processes and permanent loan conversions
• Transition stabilized assets to long‑term asset management
  
  

Leadership

• Serve as a key liaison with agency representatives, lenders, equity partners, and community stakeholders
• Drive internal process improvements and help establish best practices
  
  

MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.

MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.

The Successful Applicant

A Successful Affordable Housing Project Manager Should Have

• Brings a strong understanding of affordable housing or real estate development, including financing structures, underwriting, and key deal documents.
• Demonstrates proven financial analysis skills, including modeling, evaluating project‑level returns, and structuring transactions.
• Is capable of identifying and resolving deal‑related issues with limited guidance.
• Excels at managing multiple tasks, prioritizing effectively, and meeting deadlines in a fast‑paced environment.
• Communicates clearly and professionally, both in writing and verbally, with internal teams and external stakeholders.
• Shows strong problem‑solving abilities and quantitative reasoning skills.
• Is proficient in Microsoft Office and demonstrates strong data management capabilities; experience with exploratory data analysis is a plus.
• Works well both independently and collaboratively within cross‑functional teams.
• Has direct experience with or a strong understanding of NYC real estate development processes.
  
  

What's on Offer

• Competitive salary ranging from $110,000 to $150,000 USD.
• Cash bonus and long-term incentive plan.
• Comprehensive health benefits.
• Unlimited vacation policy to support work-life balance.
• 401(k) matching for retirement planning.
  
  

This is an exciting opportunity to make a meaningful impact in the property industry. If you are passionate about affordable housing and project management, we encourage you to apply!

Contact: Roland Wurst

Quote job ref: JN-032026-6966369