Senior Project Manager for the Division of New Construction Finance (NCF)
About The Position
The Department of Housing Preservation and Development’s Division of New Construction Finance (NCF), within the Office of Development, seeks a Senior Project Manager for programs including the Neighborhood Construction Program, ELLA, M2, and Mixed Income (Mix-and-Match). NCF works with government partners to create approximately 3,000 new housing units each year for extremely low- to middle-income households. The Senior Project Manager manages a portfolio of affordable housing projects from predevelopment through construction, completion, conversion, and workouts, under the general supervision of the Directors. Projects may involve tax-exempt bonds, Low Income Housing Tax Credits, City-subsidized loans, conventional bank loans, disposition of City-owned land, and New Markets Tax Credits. Projects may also include commercial and community facility components. 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 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 the required experience, at 30 credits per year. All candidates must have at least a baccalaureate degree and one year of the specified experience.
Nice To Haves
- Excellent verbal and written communication and strong interpersonal skills.
- Strong analytical, organizational, and quantitative skills.
- Advanced experience using and developing complex Excel spreadsheets and presentation software.
- Ability to meet deadlines, manage multiple projects in a timely manner, and work as part of a team.
- 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 Requests for Proposals and Requests for Qualifications 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
