Senior Project Manager for the Division of New Construction Finance (NCF)

City of New York•New York City, NY

About The Position

The Department of Housing Preservation and Development (HPD) seeks a Senior Project Manager for the Division of New Construction Finance (NCF), within the Office of Development. NCF works with government partners to create approximately 3,000 new housing units annually for extremely low- to middle-income households. Its programs include Neighborhood Construction Program (NCP), ELLA, M2, and Mixed Income (Mix-and-Match). The Senior Project Manager manages a portfolio of complex affordable-housing projects from predevelopment through construction, completion, conversion, and workouts, under the general supervision of the Directors. Projects may use tax-exempt bonds, Low Income Housing Tax Credits, City-subsidized loans, conventional bank loans, disposition of City-owned land, and New Markets Tax Credits. They may also include commercial and community-facility components. The role coordinates with other divisions within HPD's Development Office to underwrite loans and guide projects through closing, construction, completion, conversion, and workouts.

Requirements

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; alternatively, qualifying graduate study may substitute for up to one year of experience at 30 credits per year, but candidates must have a bachelor's degree and at least one year of the specified experience.
Strong verbal and written communication and interpersonal skills.
Strong analytical, organizational, and quantitative skills.
Ability to meet deadlines, manage multiple projects in a timely manner, and work as part of a team.

Nice To Haves

Advanced experience using and developing complex Excel spreadsheets and presentation software.
Background in or knowledge of real estate finance and/or program implementation.
Experience working for or with government agencies and government programs related to affordable housing development.
Master's degree in Urban Planning, Real Estate Finance, Real Estate Development, Business Administration, Public Administration, or a related field.

Responsibilities

Review and analyze project proposals and budgets.
Perform financial analysis and underwriting.
Manage, monitor, and track projects from predevelopment through commitment, loan closing, and construction.
Define and negotiate business terms to advance HPD's goals and policy objectives.
Serve as a liaison to external partners, including for-profit and nonprofit developers, banks, tax-credit syndicators and investors, general contractors, and other government agencies.
Review and coordinate submissions of required CEQR, NEPA, and other environmental review reports.
Coordinate submissions of ULURP applications for UDAAP and disposition of City-owned property.
Support issuance of Requests for Proposals (RFPs) and/or Requests for Qualifications (RFQs) by financially modeling anticipated affordability scenarios.
Perform financial-feasibility reviews of RFP responses and make recommendations to senior staff.
Prepare, maintain, and circulate correspondence, documents, reports, and files concerning assigned projects.
Monitor progress and troubleshoot projects in construction.
Provide analysis and other services for projects pending conversion to permanent financing.
Assist with rent-up and other asset-management issues.