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Job Description

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 Office of Development (OOD) leads the agency’s effort to create and preserve affordable housing as a critical part of Housing Our Neighbors: A Blueprint for Housing and Homelessness 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 or preserve affordable housing in New York City. NCF, in collaboration with other government partners, will create approximately 4,000 units of new housing each year for extremely low to middle income households. NCF administers four loan programs: 1) Extremely Low & Low-Income Affordability (ELLA) Program, 2) the Mixed Income Program (Mix-and-Match), 3) Mixed & Midlle Income (M2) Program, and the 4) Neighborhood Construction Program (NCP).

Your Impact:

The Division of New Construction Finance (NCF) seeks to hire two (2) Senior Project Managers for its programs, which includes NCP, ELLA, M2, and Mixed Income (Mix-and-Match) Programs. The Senior Project Managers 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 Senior Project Managers, under general supervision of the Directors will manage a portfolio of projects from predevelopment through construction, completion and conversion. The Senior Project Managers will work with other divisions within HPD's Development Office to underwrite loans and manage projects through closing, construction, completions and conversions.

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.

Please make sure to upload resume and cover letter.

NOTE: Only those candidates under consideration will be contacted.

NYC residency required

Qualifications

1.A baccalaureate degree from an accredited college or university and three years of full-time satisfactory professional experience in the development, appraisal, financing, negotiation, or disposition of real estate, or in real estate law, or in urban planning or analytical or coordination work related to housing programs; or

2. A four year high school diploma or its educational equivalent approved by a State's Department of Education or a recognized accrediting organization and seven years of full-time satisfactory experience as described in "1" above; or

3.A satisfactory combination of education and/or experience which is equivalent to "1" or "2" above. Graduate study in the field of urban studies, city planning, business or public administration, finance, architecture, engineering or other related fields may be substituted for up to one year of the required experience on the basis of 30 credits equaling one year of experience. Graduation from an accredited law school may be substituted for one year of the required experience. However, all candidates must have at least two years of experience as described above.

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.