Senior Project Manager, Moderate Rehabilitation and Stabilization Loan Programs for the Division of Preservation Finance

City of New York • New York, NY

5d • $62,868 - $87,500

About The Position

The Division of Preservation Finance seeks a Project Manager for Moderate Rehabilitation and Stabilization Loan Programs. The unit develops plans, strategies, and tools for effective affordable housing preservation initiatives, as well as analyzes, negotiates, and executes on financial transactions to preserve the physical and operational integrity of existing affordable housing developments. The unit provides rehabilitation loans to multifamily affordable housing developments that cannot leverage private financing and only require financing for the replacement of major building systems to improve living conditions and preserve safe affordable housing for low- and moderate-income households in New York City.

As Senior Project Manager, you will work under the supervision of and report to the Director and Deputy Director of the Moderate Rehabilitation and Stabilization Loan Programs within HPD’s Division of Preservation Finance. You will work to close on capitally funded financial transactions under the Multifamily Housing Rehabilitation Program, particularly the more complex and challenging ones, as well as assist the Director and Deputy Director in program administration, including developing resource materials and process improvements, analyzing policy recommendations and facilitating implementation of new policies and in the training and mentoring project management staff. This position supports work with Mitchell-Lama and HDFC cooperative buildings.

The HRP program provides low-interest loans to privately-owned multifamily buildings to assist in the rehabilitation and energy performance of their buildings.

Requirements

• Strong financial analysis skills, including financial modeling and financial statement analysis
• Detailed-oriented
• Self-motivated
• Able to independently manage multiple projects
• Make policy recommendations
• Exceptional analytical, problem-solving and negotiating skills
• Experience in meeting competing deadlines
• Strong verbal and written communication skills
• Authorization to work in the United States is required for this position.
• 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.

Nice To Haves

• Interest in community development, urban planning, affordable housing or real estate finance
• Knowledge of New York City affordable housing and private lending programs
• Interest and/or experience working with small building owners and/or low-capacity borrowers
• At least 1 year of underwriting experience
• Advanced computer skills including competency in full Microsoft Office suite, especially Excel
• Capacity to simultaneously work on multiple tasks and set priorities for a challenging workload
• Strong interpersonal and communication skills.
• Excellent writing and editing skills
• 2-3 years of applicable experience working in a fast-paced and often-changing environment

Responsibilities

• Managing intake, assessment, and underwriting of complex capitally funded projects including resolving complex work-outs and challenges.
• Ensuring timely completion of transactions
• Preparing statistical and tracking reports
• Assist in onboarding and training other project managers and other Division staff and more junior Project Managers including providing direct mentorship on projects.
• Develop Division resource materials, process improvements, analyzing policy recommendations and facilitating implementation of new policies.
• When directed by Deputy Director or Director, communicate with interagency partners and external parties to facilitate program goals and policies.
• Working on other special projects as needed

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: Associate degree