Project Manager, Division of New Construction Finance

About The Agency

The New York City Department of Housing Preservation and 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.
  
  

Your Team

The Office of Development (OOD) leads the agency’s effort to create and preserve affordable housing in collaboration with other HPD offices as well as other city, state and federal agencies. The OOD is comprised of seven divisions that administer a range of programs. These divisions include New Construction Finance, Special Needs Housing, Building and Land Development Services (BLDS), Homeownership Opportunities and Preservation, Preservation Finance, Compliance and Enforcement and Housing Incentives.

HPD’s Division of New Construction Finance (NCF) is part of the Office of Development which create affordable housing in New York City. NCF, in collaboration with other government partners, will create approximately 3,000 units of new housing each year for extremely low to middle income households.

Your Impact

The Division of New Construction Finance (NCF) seeks to hire one (1) Project Manager for its programs, which includes Neighborhood Construction Program (NCP), ELLA, M2, and Mixed Income (Mix-and-Match) Programs. The Project Manager will manage complicated projects financed with tax exempt bonds, Low Income Housing Tax Credits, City subsidized loans, conventional bank loans, and other tools such as the disposition of City owned land and New Markets Tax Credits. Projects are often mixed-use with commercial and community facility components.

Your Role

The Project Manager, under general supervision of the Directors will manage a portfolio of projects from predevelopment through construction, completion, conversion and workouts. The Project Manager will work with other divisions within HPD's Development Office to underwrite loans and manage projects through closing, construction, completions, conversions and workouts.

Your Responsibilities

Primary responsibilities will include but will not be limited to:

• Reviewing and analyzing project proposals and budgets;
• Performing financial analysis and underwriting;
• Managing, monitoring, and tracking all aspects of projects from predevelopment through commitment, loan closing, and construction;
• Defining and negotiating business terms to advance HPD's goals and policy objectives;
• Serving as a liaison to external partners, including for-profit and non-profit developers, banks, tax credit syndicators and investors, general contractors, and other government agencies;
• 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;
• Supporting the issuance of Requests for Proposals (“RFPs”) and/or Requests for Qualifications (“RFQs”) by performing financial modeling of anticipated affordability scenarios;
• Performing financial feasibility review of RFP responses and make recommendations to senior staff;
• Preparing, maintaining, and circulating written correspondences, documents, reports, and files regarding all assigned projects;
• Monitoring progress and performing troubleshooting duties for projects in construction;
• Providing analysis and other services for projects pending conversion to permanent financing;
• Assisting with rent-up or other asset management issues.
  
  

Minimum Qualification Requirements

• A baccalaureate degree from an accredited college or university and two years of full-time, satisfactory professional experience in planning, analysis, coordination and/or development of housing projects or programs; or
• Graduate study from an accredited college or university in the field of urban studies, city planning, real estate development, public administration, public policy, finance, community organization, architecture, or urban design, may be substituted for up to one year of the required experience on the basis of 30 credits for one year.
  
  

However, all candidates must have at least a baccalaureate degree and one year of the experience described in "1" above.

Preferred Skills Bulleted

• 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.
• Candidates with Masters in Urban Planning, Real Estate Finance, Real Estate Development, Business Administration, Public Administration or related fields are strongly preferred.
  
  

This position is open to qualified persons with a disability who are eligible for the 55-a Program. Please indicate in your resume that you would like to be considered for the position under the 55-a Program.

Authorization to work in the United States is required for this position. The NYC Department of Housing Preservation and Development does not provide sponsorship for international employees for visa applications, extensions, or status changes, including H-1B visas. Applicants are responsible for ensuring that they meet all qualifying requirements for this position at the time of application.

COMMUNITY COORDINATOR - 56058

Minimum Qualifications

• A baccalaureate degree from an accredited college and two years of experience in community work or community centered activities in an area related to the duties described above; or
• High school graduation or equivalent and six years of experience in community work or community centered activities in an area related to the duties as described above; or
• Education and/or experience which is equivalent to "1" or "2" above. However, all candidates must have at least one year of experience as described in "1" above.
  
  

55a Program

This position is open to qualified persons with a disability who are eligible for the 55-a Program. Please indicate in your resume that you would like to be considered for the position under the 55-a Program.

Public Service Loan Forgiveness

As a prospective employee of the City of New York, you may be eligible for federal loan forgiveness programs and state repayment assistance programs. For more information, please visit the U.S. Department of Education’s website at https://studentaid.gov/pslf/.

Residency Requirement

New York City residency is generally required within 90 days of appointment. However, City Employees in certain titles who have worked for the City for 2 continuous years may also be eligible to reside in Nassau, Suffolk, Putnam, Westchester, Rockland, or Orange County. To determine if the residency requirement applies to you, please discuss with the agency representative at the time of interview.

Additional Information

The City of New York is an inclusive equal opportunity employer committed to recruiting and retaining a diverse workforce and providing a work environment that is free from discrimination and harassment based upon any legally protected status or protected characteristic, including but not limited to an individual's sex, race, color, ethnicity, national origin, age, religion, disability, sexual orientation, veteran status, gender identity, or pregnancy.