Project Manager, Division of New Construction Finance

City of New York•New York City, NY

12h•Onsite

About The Position

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. 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. 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.

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
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.
Authorization to work in the United States is required for this position.

Nice To Haves

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.

Responsibilities

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