Senior Project Manager for the Division of New Construction Finance (NCF)
About The Position
The Department of Housing Preservation and Development (HPD) seeks two Senior Project Managers for its Division of New Construction Finance (NCF), part of the Office of Development. NCF works with government partners to create approximately 3,000 new housing units each year for extremely low- to middle-income households. The role supports programs including the Neighborhood Construction Program (NCP), ELLA, M2, and Mixed Income (Mix-and-Match). 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, and may include commercial or community-facility components. Under the general supervision of Directors, the Senior Project Manager manages a portfolio from predevelopment through construction, completion, conversion, and workouts. The role works with other HPD Development Office divisions to underwrite loans and manage projects through closing, construction, completion, conversion, and workouts.
Requirements
- A baccalaureate degree from an accredited college or university.
- At least one year of satisfactory professional experience in planning, analysis, coordination, and/or development of housing projects or programs; ordinarily two years are required with a bachelor's degree.
- Graduate study in urban studies, city planning, real estate development, public administration, public policy, finance, community organization, architecture, or urban design may substitute for up to one year of required experience at 30 credits per year, but candidates must still have a bachelor's degree and at least one year of qualifying 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.
- 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 project activities from predevelopment through commitment, loan closing, and construction.
- Define and negotiate business terms to advance HPD goals and policy objectives.
- Serve as a liaison to developers, banks, tax-credit syndicators and investors, general contractors, and other 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 RFPs and/or 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 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.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
