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

City of New York•New York City, NY

About The Position

The Division of New Construction Finance (NCF) seeks to hire two Senior Project Managers for programs including the Neighborhood Construction Program (NCP), ELLA, M2, and Mixed Income (Mix-and-Match). The role manages complex affordable housing projects financed through tax-exempt bonds, Low Income Housing Tax Credits, City-subsidized loans, conventional bank loans, disposition of City-owned land, New Markets Tax Credits, and other tools. Projects may include mixed-use commercial and community facility components. Under general supervision of the Directors, the Senior Project Manager manages a portfolio of projects from predevelopment through construction, completion, conversion, and workouts. The role works with other divisions in HPD’s Office of Development to underwrite loans and manage projects through closing, construction, completion, conversion, and workouts. NCF collaborates with government partners and aims to create approximately 3,000 new housing units each year for extremely low- to middle-income households.

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; alternatively, graduate study in a specified relevant field may substitute for up to one year of experience at 30 credits per year, but candidates must have at least a bachelor’s degree and one year of the specified experience.
Excellent verbal and written communication and strong 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 utilizing 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.
A 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 government agencies.
Review and coordinate submissions of 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.
Review the financial feasibility of RFP responses and make recommendations to senior staff.
Prepare, maintain, and circulate correspondence, documents, reports, and files for assigned projects.
Monitor project 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.